Correlation
The correlation between 0005.HK and ^HSI is 0.12, 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.
0005.HK vs. ^HSI
Compare and contrast key facts about HSBC Holdings PLC (0005.HK) and Hang Seng Index (^HSI).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 0005.HK or ^HSI.
Performance
0005.HK vs. ^HSI - Performance Comparison
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Key characteristics
0005.HK:
1.88
^HSI:
1.00
0005.HK:
2.06
^HSI:
1.00
0005.HK:
1.40
^HSI:
1.15
0005.HK:
2.11
^HSI:
0.37
0005.HK:
10.58
^HSI:
1.86
0005.HK:
4.05%
^HSI:
10.01%
0005.HK:
24.51%
^HSI:
28.78%
0005.HK:
-76.75%
^HSI:
-65.18%
0005.HK:
-0.75%
^HSI:
-29.75%
Returns By Period
In the year-to-date period, 0005.HK achieves a 26.83% return, which is significantly higher than ^HSI's 16.10% return. Over the past 10 years, 0005.HK has outperformed ^HSI with an annualized return of 8.02%, while ^HSI has yielded a comparatively lower -1.64% annualized return.
0005.HK
26.83%
7.09%
32.60%
44.32%
29.33%
27.43%
8.02%
^HSI
16.10%
5.29%
19.90%
27.75%
2.84%
0.28%
-1.64%
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Risk-Adjusted Performance
0005.HK vs. ^HSI — Risk-Adjusted Performance Rank
0005.HK
^HSI
0005.HK vs. ^HSI - Risk-Adjusted Performance 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.
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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.
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Volatility
0005.HK vs. ^HSI - Volatility Comparison
The current volatility for HSBC Holdings PLC (0005.HK) is 4.98%, while Hang Seng Index (^HSI) has a volatility of 5.65%. This indicates that 0005.HK 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.
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