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 0.09, 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:
1.29
^HSI:
0.88
0006.HK:
1.85
^HSI:
1.53
0006.HK:
1.22
^HSI:
1.24
0006.HK:
1.57
^HSI:
0.65
0006.HK:
3.65
^HSI:
3.09
0006.HK:
6.76%
^HSI:
10.47%
0006.HK:
19.85%
^HSI:
28.80%
0006.HK:
-34.33%
^HSI:
-91.54%
0006.HK:
-4.28%
^HSI:
-31.30%
Returns By Period
In the year-to-date period, 0006.HK achieves a -3.31% return, which is significantly lower than ^HSI's 13.54% return. Over the past 10 years, 0006.HK has outperformed ^HSI with an annualized return of 2.95%, while ^HSI has yielded a comparatively lower -1.99% annualized return.
0006.HK
-3.31%
13.01%
4.58%
24.69%
7.17%
2.95%
^HSI
13.54%
13.16%
8.70%
24.36%
-1.26%
-1.99%
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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 4.79%, while Hang Seng Index (^HSI) has a volatility of 15.62%. 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.