^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.
Correlation
The correlation between ^HSI and SPY 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. SPY - Performance Comparison
Key characteristics
^HSI:
1.35
SPY:
0.72
^HSI:
1.76
SPY:
1.13
^HSI:
1.27
SPY:
1.17
^HSI:
0.77
SPY:
0.76
^HSI:
3.71
SPY:
3.04
^HSI:
10.43%
SPY:
4.72%
^HSI:
28.89%
SPY:
20.06%
^HSI:
-91.54%
SPY:
-55.19%
^HSI:
-32.12%
SPY:
-7.25%
Returns By Period
In the year-to-date period, ^HSI achieves a 12.19% return, which is significantly higher than SPY's -3.01% return. Over the past 10 years, ^HSI has underperformed SPY with an annualized return of -2.09%, while SPY has yielded a comparatively higher 12.50% annualized return.
^HSI
12.19%
-1.51%
9.74%
21.81%
-0.98%
-2.09%
SPY
-3.01%
5.60%
-0.12%
12.26%
16.60%
12.50%
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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.
Drawdowns
^HSI vs. SPY - Drawdown Comparison
The maximum ^HSI drawdown since its inception was -91.54%, 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. For additional features, visit the drawdowns tool.
Volatility
^HSI vs. SPY - Volatility Comparison
Hang Seng Index (^HSI) and SPDR S&P 500 ETF (SPY) have volatilities of 15.59% and 15.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.