0388.HK vs. ^N225

Last updated Apr 3, 2026

Compare and contrast key facts about Hong Kong Exchange and Clearing Ltd (0388.HK) and Nikkei 225 (^N225).

Performance

0388.HK vs. ^N225 - 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 Nikkei 225 (^N225). The values are adjusted to include any dividend payments, if applicable.

0388.HK vs. ^N225 - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0388.HK Hong Kong Exchange and Clearing Ltd	-1.30%	42.10%	13.85%	-18.41%	-24.22%	9.26%	71.64%	14.65%	-2.86%	33.92%
^N225 Nikkei 225	6.01%	26.79%	6.59%	19.19%	-20.37%	-5.34%	21.86%	19.09%	-10.00%	24.71%

Different Trading Currencies

0388.HK is traded in HKD, while ^N225 is traded in JPY. To make them comparable, the ^N225 values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 0388.HK achieves a -1.30% return, which is significantly lower than ^N225's 6.01% return. Over the past 10 years, 0388.HK has outperformed ^N225 with an annualized return of 10.92%, while ^N225 has yielded a comparatively lower 9.15% annualized return.

0388.HK

• 1D: -1.10%
• 1M: -1.74%
• YTD: -1.30%
• 6M: -10.84%
• 1Y: 15.23%
• 3Y*: 7.76%
• 5Y*: -0.63%
• 10Y*: 10.92%

^N225

• 1D: 0.00%
• 1M: -4.70%
• YTD: 6.01%
• 6M: 11.71%
• 1Y: 42.07%
• 3Y*: 16.36%
• 5Y*: 4.82%
• 10Y*: 9.15%

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

Return for Risk

0388.HK vs. ^N225 — 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: 57
0388.HK Sharpe Ratio Rank: 59
0388.HK Sortino Ratio Rank: 51
0388.HK Omega Ratio Rank: 52
0388.HK Calmar Ratio Rank: 61
0388.HK Martin Ratio Rank: 60

^N225

^N225 Risk / Return Rank: 90
^N225 Sharpe Ratio Rank: 93
^N225 Sortino Ratio Rank: 97
^N225 Omega Ratio Rank: 93
^N225 Calmar Ratio Rank: 81
^N225 Martin Ratio Rank: 84

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. ^N225 - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hong Kong Exchange and Clearing Ltd (0388.HK) and Nikkei 225 (^N225). 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	^N225	Difference
Sharpe ratio Return per unit of total volatility	0.55	1.57	-1.02
Sortino ratio Return per unit of downside risk	0.89	2.31	-1.42
Omega ratio Gain probability vs. loss probability	1.13	1.30	-0.17
Calmar ratio Return relative to maximum drawdown	0.95	2.13	-1.18
Martin ratio Return relative to average drawdown	2.26	7.66	-5.40
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. ^N225 - Sharpe Ratio Comparison

The current 0388.HK Sharpe Ratio is 0.55, which is lower than the ^N225 Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of 0388.HK and ^N225, 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	^N225	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.55	1.57	-1.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	0.21	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.44	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.20	+0.34

Correlation

The correlation between 0388.HK and ^N225 is 0.34, 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.

Drawdowns

0388.HK vs. ^N225 - Drawdown Comparison

The maximum 0388.HK drawdown since its inception was -79.34%, which is greater than ^N225's maximum drawdown of -52.75%. Use the drawdown chart below to compare losses from any high point for 0388.HK and ^N225.

Drawdown Indicators

	0388.HK	^N225	Difference
Max Drawdown Largest peak-to-trough decline	-79.34%	-81.87%	+2.53%
Max Drawdown (1Y) Largest decline over 1 year	-15.18%	-13.23%	-1.95%
Max Drawdown (5Y) Largest decline over 5 years	-60.01%	-26.26%	-33.75%
Max Drawdown (10Y) Largest decline over 10 years	-61.53%	-31.80%	-29.73%
Current Drawdown Current decline from peak	-19.15%	-9.73%	-9.42%
Average Drawdown Average peak-to-trough decline	-28.06%	-34.31%	+6.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.16%	4.63%	+2.53%

Volatility

0388.HK vs. ^N225 - Volatility Comparison

The current volatility for Hong Kong Exchange and Clearing Ltd (0388.HK) is 7.93%, while Nikkei 225 (^N225) has a volatility of 10.69%. This indicates that 0388.HK experiences smaller price fluctuations and is considered to be less risky than ^N225 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0388.HK	^N225	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.93%	10.69%	-2.76%
Volatility (6M) Calculated over the trailing 6-month period	15.81%	19.37%	-3.56%
Volatility (1Y) Calculated over the trailing 1-year period	28.37%	28.64%	-0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.23%	23.31%	+10.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.55%	21.33%	+9.22%