Correlation
The correlation between ^HSI and SPY is 0.15, 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.
^HSI vs. SPY
Compare and contrast key facts about Hang Seng Index (^HSI) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^HSI or SPY.
Performance
^HSI vs. SPY - Performance Comparison
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Key characteristics
^HSI:
1.00
SPY:
0.70
^HSI:
1.00
SPY:
1.02
^HSI:
1.15
SPY:
1.15
^HSI:
0.37
SPY:
0.68
^HSI:
1.86
SPY:
2.57
^HSI:
10.01%
SPY:
4.93%
^HSI:
28.78%
SPY:
20.42%
^HSI:
-65.18%
SPY:
-55.19%
^HSI:
-29.75%
SPY:
-3.55%
Returns By Period
In the year-to-date period, ^HSI achieves a 16.10% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, ^HSI has underperformed SPY with an annualized return of -1.64%, while SPY has yielded a comparatively higher 12.73% annualized return.
^HSI
16.10%
3.49%
19.90%
28.82%
2.84%
0.28%
-1.64%
SPY
0.87%
3.99%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
^HSI vs. SPY — Risk-Adjusted Performance Rank
^HSI
SPY
^HSI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hang Seng Index (^HSI) and SPDR S&P 500 ETF (SPY). 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.
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Drawdowns
^HSI vs. SPY - Drawdown Comparison
The maximum ^HSI drawdown since its inception was -65.18%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^HSI and SPY.
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Volatility
^HSI vs. SPY - Volatility Comparison
Hang Seng Index (^HSI) has a higher volatility of 5.65% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that ^HSI's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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