0011.HK vs. ^NDX
Compare and contrast key facts about Hang Seng Bank (0011.HK) and NASDAQ 100 (^NDX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 0011.HK or ^NDX.
Key characteristics
| 0011.HK | ^NDX | |
|---|---|---|
| YTD Return | 5.42% | 15.98% |
| 1Y Return | -0.02% | 26.11% |
| 3Y Return (Ann) | -9.19% | 8.28% |
| 5Y Return (Ann) | -8.83% | 19.88% |
| 10Y Return (Ann) | 0.59% | 17.01% |
| Sharpe Ratio | -0.07 | 1.51 |
| Daily Std Dev | 26.70% | 18.00% |
| Max Drawdown | -89.20% | -82.90% |
| Current Drawdown | -45.58% | -5.61% |
Correlation
The correlation between 0011.HK and ^NDX is 0.11, 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. ^NDX - Performance Comparison
In the year-to-date period, 0011.HK achieves a 5.42% return, which is significantly lower than ^NDX's 15.98% return. Over the past 10 years, 0011.HK has underperformed ^NDX with an annualized return of 0.59%, while ^NDX has yielded a comparatively higher 17.01% 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. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hang Seng Bank (0011.HK) and NASDAQ 100 (^NDX). 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
0011.HK vs. ^NDX - Drawdown Comparison
The maximum 0011.HK drawdown since its inception was -89.20%, which is greater than ^NDX's maximum drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for 0011.HK and ^NDX. For additional features, visit the drawdowns tool.
Volatility
0011.HK vs. ^NDX - Volatility Comparison
The current volatility for Hang Seng Bank (0011.HK) is 4.82%, while NASDAQ 100 (^NDX) has a volatility of 6.19%. This indicates that 0011.HK experiences smaller price fluctuations and is considered to be less risky than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.