0005.HK vs. ^HSI

Last updated Apr 3, 2026

Compare and contrast key facts about HSBC Holdings PLC (0005.HK) and Hang Seng Index (^HSI).

Performance

0005.HK vs. ^HSI - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in HSBC Holdings PLC (0005.HK) and Hang Seng Index (^HSI). The values are adjusted to include any dividend payments, if applicable.

0005.HK vs. ^HSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0005.HK HSBC Holdings PLC	9.10%	70.54%	31.34%	39.10%	8.03%	19.47%	-32.78%	0.12%	-14.55%	35.93%
^HSI Hang Seng Index	-2.01%	27.77%	17.67%	-13.82%	-15.46%	-14.08%	-3.40%	9.07%	-13.61%	35.99%

Returns By Period

In the year-to-date period, 0005.HK achieves a 9.10% return, which is significantly higher than ^HSI's -2.01% return. Over the past 10 years, 0005.HK has outperformed ^HSI with an annualized return of 16.63%, while ^HSI has yielded a comparatively lower 2.05% annualized return.

0005.HK

• 1D: -0.23%
• 1M: -1.67%
• YTD: 9.10%
• 6M: 21.39%
• 1Y: 55.38%
• 3Y*: 43.48%
• 5Y*: 30.92%
• 10Y*: 16.63%

^HSI

• 1D: -0.70%
• 1M: -2.53%
• YTD: -2.01%
• 6M: -7.95%
• 1Y: 8.25%
• 3Y*: 7.16%
• 5Y*: -2.79%
• 10Y*: 2.05%

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

Return for Risk

0005.HK vs. ^HSI — Risk / Return Rank

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

0005.HK

0005.HK Risk / Return Rank: 86
0005.HK Sharpe Ratio Rank: 89
0005.HK Sortino Ratio Rank: 81
0005.HK Omega Ratio Rank: 89
0005.HK Calmar Ratio Rank: 82
0005.HK Martin Ratio Rank: 88

^HSI

^HSI Risk / Return Rank: 27
^HSI Sharpe Ratio Rank: 27
^HSI Sortino Ratio Rank: 25
^HSI Omega Ratio Rank: 25
^HSI Calmar Ratio Rank: 29
^HSI Martin Ratio Rank: 30

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.

0005.HK vs. ^HSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC Holdings PLC (0005.HK) 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.

	0005.HK	^HSI	Difference
Sharpe ratio Return per unit of total volatility	1.93	0.37	+1.56
Sortino ratio Return per unit of downside risk	2.25	0.60	+1.65
Omega ratio Gain probability vs. loss probability	1.39	1.09	+0.30
Calmar ratio Return relative to maximum drawdown	2.77	0.48	+2.29
Martin ratio Return relative to average drawdown	10.30	1.55	+8.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

0005.HK vs. ^HSI - Sharpe Ratio Comparison

The current 0005.HK Sharpe Ratio is 1.93, which is higher than the ^HSI Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of 0005.HK 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

	0005.HK	^HSI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	0.37	+1.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.31	-0.11	+1.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	0.10	+0.63
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.27	0.00

Correlation

The correlation between 0005.HK and ^HSI is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

0005.HK vs. ^HSI - Drawdown Comparison

The maximum 0005.HK drawdown since its inception was -76.75%, which is greater than ^HSI's maximum drawdown of -65.18%. Use the drawdown chart below to compare losses from any high point for 0005.HK and ^HSI.

Drawdown Indicators

	0005.HK	^HSI	Difference
Max Drawdown Largest peak-to-trough decline	-76.75%	-65.18%	-11.57%
Max Drawdown (1Y) Largest decline over 1 year	-17.08%	-13.22%	-3.86%
Max Drawdown (5Y) Largest decline over 5 years	-31.89%	-50.16%	+18.27%
Max Drawdown (10Y) Largest decline over 10 years	-62.94%	-55.70%	-7.24%
Current Drawdown Current decline from peak	-9.34%	-24.24%	+14.90%
Average Drawdown Average peak-to-trough decline	-20.98%	-24.18%	+3.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.34%	4.90%	+0.44%

Volatility

0005.HK vs. ^HSI - Volatility Comparison

HSBC Holdings PLC (0005.HK) has a higher volatility of 12.36% compared to Hang Seng Index (^HSI) at 7.18%. This indicates that 0005.HK's price experiences larger fluctuations and is considered to be riskier than ^HSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0005.HK	^HSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.36%	7.18%	+5.18%
Volatility (6M) Calculated over the trailing 6-month period	21.36%	14.23%	+7.13%
Volatility (1Y) Calculated over the trailing 1-year period	29.61%	23.12%	+6.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.23%	25.25%	-1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.54%	21.94%	+1.60%