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.
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
Key characteristics
0011.HK:
0.37
^NDX:
0.44
0011.HK:
1.01
^NDX:
0.77
0011.HK:
1.14
^NDX:
1.11
0011.HK:
0.34
^NDX:
0.47
0011.HK:
1.24
^NDX:
1.56
0011.HK:
13.04%
^NDX:
6.99%
0011.HK:
25.00%
^NDX:
25.24%
0011.HK:
-58.61%
^NDX:
-82.90%
0011.HK:
-31.70%
^NDX:
-9.52%
Returns By Period
In the year-to-date period, 0011.HK achieves a 17.28% return, which is significantly higher than ^NDX's -4.51% return. Over the past 10 years, 0011.HK has underperformed ^NDX with an annualized return of 1.15%, while ^NDX has yielded a comparatively higher 16.32% annualized return.
0011.HK
17.28%
15.07%
16.67%
9.03%
0.47%
1.15%
^NDX
-4.51%
17.40%
-4.92%
10.94%
16.88%
16.32%
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Risk-Adjusted Performance
0011.HK vs. ^NDX — Risk-Adjusted Performance Rank
0011.HK
^NDX
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 -58.61%, smaller than the maximum ^NDX 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 5.59%, while NASDAQ 100 (^NDX) has a volatility of 13.81%. 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.