0006.HK vs. ^HSI
Compare and contrast key facts about Power Assets (0006.HK) and Hang Seng Index (^HSI).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 0006.HK or ^HSI.
Correlation
The correlation between 0006.HK and ^HSI is 0.36, 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
0006.HK vs. ^HSI - Performance Comparison
Key characteristics
0006.HK:
1.13
^HSI:
1.80
0006.HK:
1.72
^HSI:
2.47
0006.HK:
1.20
^HSI:
1.32
0006.HK:
1.52
^HSI:
0.89
0006.HK:
3.69
^HSI:
4.67
0006.HK:
5.89%
^HSI:
9.76%
0006.HK:
19.24%
^HSI:
25.43%
0006.HK:
-34.33%
^HSI:
-91.54%
0006.HK:
-1.82%
^HSI:
-26.94%
Returns By Period
In the year-to-date period, 0006.HK achieves a -0.83% return, which is significantly lower than ^HSI's 20.75% return. Over the past 10 years, 0006.HK has outperformed ^HSI with an annualized return of 3.64%, while ^HSI has yielded a comparatively lower 0.04% annualized return.
0006.HK
-0.83%
7.26%
1.73%
21.63%
5.35%
3.64%
^HSI
20.75%
16.51%
38.85%
47.35%
-1.56%
0.04%
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Risk-Adjusted Performance
0006.HK vs. ^HSI — Risk-Adjusted Performance Rank
0006.HK
^HSI
0006.HK vs. ^HSI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Power Assets (0006.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.
Drawdowns
0006.HK vs. ^HSI - Drawdown Comparison
The maximum 0006.HK drawdown since its inception was -34.33%, smaller than the maximum ^HSI drawdown of -91.54%. Use the drawdown chart below to compare losses from any high point for 0006.HK and ^HSI. For additional features, visit the drawdowns tool.
Volatility
0006.HK vs. ^HSI - Volatility Comparison
The current volatility for Power Assets (0006.HK) is 4.48%, while Hang Seng Index (^HSI) has a volatility of 9.18%. This indicates that 0006.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.