^SP600 vs. ^XLHK
Compare and contrast key facts about S&P 600 (^SP600) and Dow Jones Hong Kong Titans 30 Index (^XLHK).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SP600 or ^XLHK.
Key characteristics
| ^SP600 | ^XLHK | |
|---|---|---|
| YTD Return | 1.52% | -8.45% |
| 1Y Return | 12.46% | -8.42% |
| 3Y Return (Ann) | -0.45% | -14.22% |
| 5Y Return (Ann) | 7.56% | -8.42% |
| 10Y Return (Ann) | 7.26% | -3.43% |
| Sharpe Ratio | 0.57 | -0.26 |
| Daily Std Dev | 20.21% | 18.83% |
| Max Drawdown | -59.17% | -68.02% |
| Current Drawdown | -8.71% | -45.69% |
Correlation
The correlation between ^SP600 and ^XLHK 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.
Performance
^SP600 vs. ^XLHK - Performance Comparison
In the year-to-date period, ^SP600 achieves a 1.52% return, which is significantly higher than ^XLHK's -8.45% return. Over the past 10 years, ^SP600 has outperformed ^XLHK with an annualized return of 7.26%, while ^XLHK has yielded a comparatively lower -3.43% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^SP600 vs. ^XLHK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 600 (^SP600) and Dow Jones Hong Kong Titans 30 Index (^XLHK). 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
^SP600 vs. ^XLHK - Drawdown Comparison
The maximum ^SP600 drawdown since its inception was -59.17%, smaller than the maximum ^XLHK drawdown of -68.02%. Use the drawdown chart below to compare losses from any high point for ^SP600 and ^XLHK. For additional features, visit the drawdowns tool.
Volatility
^SP600 vs. ^XLHK - Volatility Comparison
S&P 600 (^SP600) has a higher volatility of 6.11% compared to Dow Jones Hong Kong Titans 30 Index (^XLHK) at 3.27%. This indicates that ^SP600's price experiences larger fluctuations and is considered to be riskier than ^XLHK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.