0388.HK vs. ^HSI

Last updated Apr 2, 2026

Compare and contrast key facts about Hong Kong Exchange and Clearing Ltd (0388.HK) and Hang Seng Index (^HSI).

Performance

0388.HK vs. ^HSI - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Hong Kong Exchange and Clearing Ltd (0388.HK) and Hang Seng Index (^HSI). The values are adjusted to include any dividend payments, if applicable.

0388.HK vs. ^HSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0388.HK Hong Kong Exchange and Clearing Ltd	-0.20%	42.10%	13.85%	-18.41%	-24.22%	9.26%	71.64%	14.65%	-2.86%	33.92%
^HSI Hang Seng Index	-1.31%	27.77%	17.67%	-13.82%	-15.46%	-14.08%	-3.40%	9.07%	-13.61%	35.99%

Returns By Period

In the year-to-date period, 0388.HK achieves a -0.20% return, which is significantly higher than ^HSI's -1.31% return. Over the past 10 years, 0388.HK has outperformed ^HSI with an annualized return of 11.05%, while ^HSI has yielded a comparatively lower 2.12% annualized return.

0388.HK

• 1D: 3.04%
• 1M: -1.03%
• YTD: -0.20%
• 6M: -7.97%
• 1Y: 18.45%
• 3Y*: 8.06%
• 5Y*: -0.41%
• 10Y*: 11.05%

^HSI

• 1D: 2.04%
• 1M: -2.94%
• YTD: -1.31%
• 6M: -5.81%
• 1Y: 8.99%
• 3Y*: 7.43%
• 5Y*: -2.66%
• 10Y*: 2.12%

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

Return for Risk

0388.HK vs. ^HSI — Risk / Return Rank

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

0388.HK

0388.HK Risk / Return Rank: 59
0388.HK Sharpe Ratio Rank: 64
0388.HK Sortino Ratio Rank: 55
0388.HK Omega Ratio Rank: 57
0388.HK Calmar Ratio Rank: 60
0388.HK Martin Ratio Rank: 60

^HSI

^HSI Risk / Return Rank: 30
^HSI Sharpe Ratio Rank: 31
^HSI Sortino Ratio Rank: 27
^HSI Omega Ratio Rank: 30
^HSI Calmar Ratio Rank: 29
^HSI Martin Ratio Rank: 31

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.

0388.HK vs. ^HSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hong Kong Exchange and Clearing Ltd (0388.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.

	0388.HK	^HSI	Difference
Sharpe ratio Return per unit of total volatility	0.67	0.40	+0.27
Sortino ratio Return per unit of downside risk	1.02	0.64	+0.39
Omega ratio Gain probability vs. loss probability	1.15	1.10	+0.05
Calmar ratio Return relative to maximum drawdown	0.85	0.37	+0.48
Martin ratio Return relative to average drawdown	2.03	1.19	+0.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

0388.HK vs. ^HSI - Sharpe Ratio Comparison

The current 0388.HK Sharpe Ratio is 0.67, which is higher than the ^HSI Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of 0388.HK and ^HSI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	0388.HK	^HSI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	0.40	+0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.01	-0.11	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.10	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.27	+0.28

Correlation

The correlation between 0388.HK and ^HSI is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

0388.HK vs. ^HSI - Drawdown Comparison

The maximum 0388.HK drawdown since its inception was -79.34%, which is greater than ^HSI's maximum drawdown of -65.18%. Use the drawdown chart below to compare losses from any high point for 0388.HK and ^HSI.

Drawdown Indicators

	0388.HK	^HSI	Difference
Max Drawdown Largest peak-to-trough decline	-79.34%	-65.18%	-14.16%
Max Drawdown (1Y) Largest decline over 1 year	-16.05%	-14.54%	-1.51%
Max Drawdown (5Y) Largest decline over 5 years	-60.01%	-50.16%	-9.85%
Max Drawdown (10Y) Largest decline over 10 years	-61.53%	-55.70%	-5.83%
Current Drawdown Current decline from peak	-18.25%	-23.71%	+5.46%
Average Drawdown Average peak-to-trough decline	-28.06%	-24.18%	-3.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.12%	4.86%	+2.26%

Volatility

0388.HK vs. ^HSI - Volatility Comparison

Hong Kong Exchange and Clearing Ltd (0388.HK) has a higher volatility of 7.93% compared to Hang Seng Index (^HSI) at 7.43%. This indicates that 0388.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

	0388.HK	^HSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.93%	7.43%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	15.78%	14.22%	+1.56%
Volatility (1Y) Calculated over the trailing 1-year period	28.35%	23.11%	+5.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.24%	25.25%	+8.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.55%	21.94%	+8.61%