0011.HK vs. SPY
Compare and contrast key facts about Hang Seng Bank (0011.HK) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 0011.HK or SPY.
Key characteristics
0011.HK | SPY | |
---|---|---|
YTD Return | 5.42% | 18.37% |
1Y Return | -0.02% | 26.96% |
3Y Return (Ann) | -9.19% | 9.40% |
5Y Return (Ann) | -8.83% | 15.01% |
10Y Return (Ann) | 0.59% | 12.90% |
Sharpe Ratio | -0.07 | 2.14 |
Daily Std Dev | 26.70% | 12.67% |
Max Drawdown | -89.20% | -55.19% |
Current Drawdown | -45.58% | -1.02% |
Correlation
The correlation between 0011.HK and SPY 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.
Performance
0011.HK vs. SPY - Performance Comparison
In the year-to-date period, 0011.HK achieves a 5.42% return, which is significantly lower than SPY's 18.37% return. Over the past 10 years, 0011.HK has underperformed SPY with an annualized return of 0.59%, while SPY has yielded a comparatively higher 12.90% 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
0011.HK vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hang Seng Bank (0011.HK) and SPDR S&P 500 ETF (SPY). 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.
Dividends
0011.HK vs. SPY - Dividend Comparison
0011.HK's dividend yield for the trailing twelve months is around 7.41%, more than SPY's 1.22% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Hang Seng Bank | 7.41% | 5.82% | 3.00% | 4.27% | 5.01% | 4.84% | 3.98% | 3.30% | 3.95% | 3.80% | 4.26% | 4.22% |
SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
0011.HK vs. SPY - Drawdown Comparison
The maximum 0011.HK drawdown since its inception was -89.20%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for 0011.HK and SPY. For additional features, visit the drawdowns tool.
Volatility
0011.HK vs. SPY - Volatility Comparison
Hang Seng Bank (0011.HK) has a higher volatility of 4.82% compared to SPDR S&P 500 ETF (SPY) at 3.91%. This indicates that 0011.HK's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.