^SSEC vs. ^HSI

Last updated Apr 1, 2026

Compare and contrast key facts about Shanghai Composite (^SSEC) and Hang Seng Index (^HSI).

Performance

^SSEC vs. ^HSI - Performance Comparison

The chart below illustrates the hypothetical performance of a CN¥10,000 investment in Shanghai Composite (^SSEC) and Hang Seng Index (^HSI). The values are adjusted to include any dividend payments, if applicable.

^SSEC vs. ^HSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^SSEC Shanghai Composite	-1.94%	18.41%	12.67%	-3.70%	-15.13%	4.80%	13.87%	22.30%	-24.59%	6.56%
^HSI Hang Seng Index	-5.47%	22.20%	21.63%	-11.31%	-8.36%	-16.82%	-9.02%	11.02%	-8.93%	26.50%

Different Trading Currencies

^SSEC is traded in CNY, while ^HSI is traded in HKD. To make them comparable, the ^HSI values have been converted to CNY using the latest available exchange rates.

Returns By Period

In the year-to-date period, ^SSEC achieves a -1.94% return, which is significantly higher than ^HSI's -5.31% return. Over the past 10 years, ^SSEC has outperformed ^HSI with an annualized return of 2.60%, while ^HSI has yielded a comparatively lower 2.45% annualized return.

^SSEC

• 1D: -0.80%
• 1M: -6.51%
• YTD: -1.94%
• 6M: 0.23%
• 1Y: 16.67%
• 3Y*: 5.94%
• 5Y*: 2.34%
• 10Y*: 2.60%

^HSI

• 1D: 0.00%
• 1M: -6.57%
• YTD: -5.31%
• 6M: -11.22%
• 1Y: 1.14%
• 3Y*: 6.91%
• 5Y*: -2.25%
• 10Y*: 2.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

^SSEC vs. ^HSI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^SSEC

^SSEC Risk / Return Rank: 74
^SSEC Sharpe Ratio Rank: 83
^SSEC Sortino Ratio Rank: 73
^SSEC Omega Ratio Rank: 82
^SSEC Calmar Ratio Rank: 63
^SSEC Martin Ratio Rank: 70

^HSI

^HSI Risk / Return Rank: 29
^HSI Sharpe Ratio Rank: 31
^HSI Sortino Ratio Rank: 27
^HSI Omega Ratio Rank: 30
^HSI Calmar Ratio Rank: 27
^HSI Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^SSEC vs. ^HSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shanghai Composite (^SSEC) and Hang Seng Index (^HSI). 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.

	^SSEC	^HSI	Difference
Sharpe ratio Return per unit of total volatility	1.25	0.05	+1.20
Sortino ratio Return per unit of downside risk	1.53	0.21	+1.32
Omega ratio Gain probability vs. loss probability	1.26	1.03	+0.23
Calmar ratio Return relative to maximum drawdown	1.40	-0.08	+1.48
Martin ratio Return relative to average drawdown	5.40	-0.23	+5.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^SSEC vs. ^HSI - Sharpe Ratio Comparison

The current ^SSEC Sharpe Ratio is 1.25, which is higher than the ^HSI Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of ^SSEC and ^HSI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	^SSEC	^HSI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	0.05	+1.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	-0.09	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	0.12	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.02	+0.29

Correlation

The correlation between ^SSEC and ^HSI is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Drawdowns

^SSEC vs. ^HSI - Drawdown Comparison

The maximum ^SSEC drawdown since its inception was -78.27%, which is greater than ^HSI's maximum drawdown of -68.07%. Use the drawdown chart below to compare losses from any high point for ^SSEC and ^HSI.

Drawdown Indicators

	^SSEC	^HSI	Difference
Max Drawdown Largest peak-to-trough decline	-78.27%	-65.18%	-13.09%
Max Drawdown (1Y) Largest decline over 1 year	-8.83%	-14.56%	+5.73%
Max Drawdown (5Y) Largest decline over 5 years	-27.27%	-50.16%	+22.89%
Max Drawdown (10Y) Largest decline over 10 years	-30.77%	-55.70%	+24.93%
Current Drawdown Current decline from peak	-36.12%	-25.23%	-10.89%
Average Drawdown Average peak-to-trough decline	-39.97%	-24.18%	-15.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	5.04%	-2.52%

Volatility

^SSEC vs. ^HSI - Volatility Comparison

The current volatility for Shanghai Composite (^SSEC) is 5.42%, while Hang Seng Index (^HSI) has a volatility of 7.03%. This indicates that ^SSEC experiences smaller price fluctuations and is considered to be less risky than ^HSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^SSEC	^HSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.42%	7.03%	-1.61%
Volatility (6M) Calculated over the trailing 6-month period	9.48%	13.94%	-4.46%
Volatility (1Y) Calculated over the trailing 1-year period	13.98%	22.44%	-8.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.56%	24.41%	-8.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.30%	21.26%	-4.96%