0014.HK vs. ^HSI

Last updated Jun 5, 2026

0014.HK (Hysan Development Co Ltd) is a stock, while ^HSI (Hang Seng Index) is an index. Over the past 10 years, 0014.HK returned -0.88%/yr vs 1.85%/yr for ^HSI. At a 0.45 correlation, their price movements are largely independent.

Performance

0014.HK vs. ^HSI - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Hysan Development Co Ltd (0014.HK) and Hang Seng Index (^HSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 0014.HK achieves a -0.87% return, which is significantly higher than ^HSI's -1.47% return. Over the past 10 years, 0014.HK has underperformed ^HSI with an annualized return of -0.88%, while ^HSI has yielded a comparatively higher 1.85% annualized return.

0014.HK

• 1D: -0.17%
• 1M: -9.24%
• YTD: -0.87%
• 6M: 5.32%
• 1Y: 44.32%
• 3Y*: 3.59%
• 5Y*: -3.97%
• 10Y*: -0.88%

^HSI

• 1D: -1.48%
• 1M: -2.49%
• YTD: -1.47%
• 6M: -2.63%
• 1Y: 6.76%
• 3Y*: 9.74%
• 5Y*: -2.67%
• 10Y*: 1.85%

*Multi-year figures are annualized to reflect compound growth (CAGR)

0014.HK vs. ^HSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0014.HK Hysan Development Co Ltd	-0.87%	73.02%	-16.52%	-34.71%	12.02%	-11.40%	-1.81%	-14.95%	-7.18%	34.31%
^HSI Hang Seng Index	-1.47%	27.77%	17.67%	-13.82%	-15.46%	-14.08%	-3.40%	9.07%	-13.61%	35.99%

Correlation

The correlation between 0014.HK and ^HSI is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jun 21, 1999	0.45

The correlation between 0014.HK and ^HSI shifts across timeframes, from 0.38 (1 year) to 0.53 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

0014.HK vs. ^HSI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

0014.HK

0014.HK Risk / Return Rank: 81
0014.HK Sharpe Ratio Rank: 85
0014.HK Sortino Ratio Rank: 82
0014.HK Omega Ratio Rank: 80
0014.HK Calmar Ratio Rank: 77
0014.HK Martin Ratio Rank: 79

^HSI

^HSI Risk / Return Rank: 27
^HSI Sharpe Ratio Rank: 27
^HSI Sortino Ratio Rank: 26
^HSI Omega Ratio Rank: 25
^HSI Calmar Ratio Rank: 28
^HSI Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

0014.HK vs. ^HSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hysan Development Co Ltd (0014.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.

	0014.HK	^HSI	Difference
Sharpe ratio: Return per unit of total volatility	1.74	0.37	+1.36
Sortino ratio: Return per unit of downside risk	2.45	0.67	+1.78
Omega ratio: Gain probability vs. loss probability	1.30	1.07	+0.23
Calmar ratio: Return relative to maximum drawdown	2.25	0.54	+1.70
Martin ratio: Return relative to average drawdown	6.00	1.35	+4.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

0014.HK vs. ^HSI - Sharpe Ratio Comparison

The current 0014.HK Sharpe Ratio is 1.74, which is higher than the ^HSI Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of 0014.HK and ^HSI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	0014.HK	^HSI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	0.37	+1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.16	-0.11	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.04	0.09	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.27	-0.07

Drawdowns

0014.HK vs. ^HSI - Drawdown Comparison

The maximum 0014.HK drawdown since its inception was -68.58%, which is greater than ^HSI's maximum drawdown of -65.18%. Use the drawdown chart below to compare losses from any high point for 0014.HK and ^HSI.

Drawdown Indicators

	0014.HK	^HSI	Difference
Max Drawdown Largest peak-to-trough decline	-68.58%	-65.18%	-3.40%
Max Drawdown (1Y) Largest decline over 1 year	-20.32%	-12.82%	-7.50%
Max Drawdown (3Y) Largest decline over 3 years	-44.22%	-25.49%	-18.73%
Max Drawdown (5Y) Largest decline over 5 years	-60.12%	-49.85%	-10.27%
Max Drawdown (10Y) Largest decline over 10 years	-68.58%	-55.70%	-12.88%
Current Drawdown Current decline from peak	-37.84%	-23.83%	-14.01%
Average Drawdown Average peak-to-trough decline	-23.29%	-24.17%	+0.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.51%	5.09%	+2.42%

Volatility

0014.HK vs. ^HSI - Volatility Comparison

Hysan Development Co Ltd (0014.HK) has a higher volatility of 7.08% compared to Hang Seng Index (^HSI) at 5.18%. This indicates that 0014.HK's price experiences larger fluctuations and is considered to be riskier than ^HSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0014.HK	^HSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.08%	5.18%	+1.90%
Volatility (6M) Calculated over the trailing 6-month period	21.03%	13.70%	+7.33%
Volatility (1Y) Calculated over the trailing 1-year period	26.32%	18.52%	+7.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.54%	25.32%	+0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.29%	21.96%	+3.33%

Frequently Asked Questions

Can I hold both 0014.HK and ^HSI in my portfolio?

0014.HK and ^HSI have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.