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.
Key characteristics
| 0006.HK | ^HSI | |
|---|---|---|
| YTD Return | -0.66% | 8.38% |
| 1Y Return | 4.96% | -7.38% |
| 3Y Return (Ann) | 4.09% | -13.83% |
| 5Y Return (Ann) | 1.74% | -9.49% |
| 10Y Return (Ann) | 2.54% | -1.76% |
| Sharpe Ratio | 0.56 | -0.33 |
| Daily Std Dev | 18.57% | 23.04% |
| Max Drawdown | -63.76% | -91.54% |
| Current Drawdown | -10.66% | -44.27% |
Correlation
The correlation between 0006.HK and ^HSI is 0.37, 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
In the year-to-date period, 0006.HK achieves a -0.66% return, which is significantly lower than ^HSI's 8.38% return. Over the past 10 years, 0006.HK has outperformed ^HSI with an annualized return of 2.54%, while ^HSI has yielded a comparatively lower -1.76% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 -63.76%, 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 5.44%, while Hang Seng Index (^HSI) has a volatility of 6.32%. 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.