^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 | 6.50% | -11.12% |
| 1Y Return | 10.36% | -19.77% |
| 3Y Return (Ann) | 1.83% | -15.29% |
| 5Y Return (Ann) | 7.86% | -10.40% |
| 10Y Return (Ann) | 7.90% | -3.56% |
| Sharpe Ratio | 0.59 | -0.65 |
| Daily Std Dev | 18.87% | 19.16% |
| Max Drawdown | -59.17% | -68.02% |
| Current Drawdown | -4.23% | -47.27% |
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 6.50% return, which is significantly higher than ^XLHK's -11.12% return. Over the past 10 years, ^SP600 has outperformed ^XLHK with an annualized return of 7.90%, while ^XLHK has yielded a comparatively lower -3.56% 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) and Dow Jones Hong Kong Titans 30 Index (^XLHK) have volatilities of 6.26% and 6.10%, 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.