^HSI vs. QQQ
Compare and contrast key facts about Hang Seng Index (^HSI) and Invesco QQQ (QQQ).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^HSI or QQQ.
Correlation
The correlation between ^HSI and QQQ is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
^HSI vs. QQQ - Performance Comparison
Key characteristics
^HSI:
1.93
QQQ:
1.30
^HSI:
2.61
QQQ:
1.78
^HSI:
1.34
QQQ:
1.24
^HSI:
0.91
QQQ:
1.76
^HSI:
4.91
QQQ:
6.08
^HSI:
9.75%
QQQ:
3.92%
^HSI:
24.98%
QQQ:
18.35%
^HSI:
-91.54%
QQQ:
-82.98%
^HSI:
-29.19%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, ^HSI achieves a 17.04% return, which is significantly higher than QQQ's 2.90% return. Over the past 10 years, ^HSI has underperformed QQQ with an annualized return of -0.54%, while QQQ has yielded a comparatively higher 18.06% annualized return.
^HSI
17.04%
18.70%
33.31%
40.23%
-3.05%
-0.54%
QQQ
2.90%
-1.02%
9.93%
20.80%
18.77%
18.06%
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Risk-Adjusted Performance
^HSI vs. QQQ — Risk-Adjusted Performance Rank
^HSI
QQQ
^HSI vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hang Seng Index (^HSI) and Invesco QQQ (QQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
^HSI vs. QQQ - Drawdown Comparison
The maximum ^HSI drawdown since its inception was -91.54%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^HSI and QQQ. For additional features, visit the drawdowns tool.
Volatility
^HSI vs. QQQ - Volatility Comparison
Hang Seng Index (^HSI) has a higher volatility of 7.11% compared to Invesco QQQ (QQQ) at 5.01%. This indicates that ^HSI's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.