0388.HK vs. ^N225
0388.HK (Hong Kong Exchange and Clearing Ltd) is a stock, while ^N225 (Nikkei 225) is an index. Over the past 10 years, 0388.HK returned 10.32%/yr vs 9.81%/yr for ^N225. At a 0.33 correlation, their price movements are largely independent.
Performance
0388.HK vs. ^N225 - Performance Comparison
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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 -0.95% return, which is significantly lower than ^N225's 23.66% return. Both investments have delivered pretty close results over the past 10 years, with 0388.HK having a 10.32% annualized return and ^N225 not far behind at 9.81%.
0388.HK
- 1D
- 1.64%
- 1M
- 6.03%
- 6M
- -6.50%
- YTD
- -0.95%
- 1Y
- -4.85%
- 3Y*
- 13.66%
- 5Y*
- -3.16%
- 10Y*
- 10.32%
- ALL TIME*
- 13.55%
^N225
- 1D
- 0.00%
- 1M
- -10.55%
- 6M
- 17.18%
- YTD
- 23.66%
- 1Y
- 47.45%
- 3Y*
- 20.24%
- 5Y*
- 9.78%
- 10Y*
- 9.81%
- ALL TIME*
- 5.77%
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 | -0.95% | 42.10% | 13.85% | -18.41% | -24.22% | 9.26% | 71.64% | 14.65% | -2.86% | 33.92% |
^N225 Nikkei 225 | 23.66% | 26.79% | 6.59% | 19.19% | -20.37% | -5.34% | 21.86% | 19.09% | -10.00% | 24.71% |
Correlation
The correlation between 0388.HK and ^N225 is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2007 | 0.33 |
The correlation between 0388.HK and ^N225 shifts across timeframes, from 0.25 (5 years) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
0388.HK vs. ^N225 — Risk / Return Rank
0388.HK
^N225
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 0388.HK | ^N225 | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.70 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.30 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 3.42 | -3.67 |
| Martin ratioReturn relative to average drawdown | -0.53 | 10.31 | -10.84 |
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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 -51.90%. Use the drawdown chart below to compare losses from any high point for 0388.HK and ^N225.
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Drawdown Indicators
| 0388.HK | ^N225 | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.34% | -51.90% | -27.44% |
Max Drawdown (1Y)Largest decline over 1 year | -19.66% | -14.51% | -5.15% |
Max Drawdown (3Y)Largest decline over 3 years | -32.06% | -24.82% | -7.24% |
Max Drawdown (5Y)Largest decline over 5 years | -60.01% | -35.67% | -24.34% |
Max Drawdown (10Y)Largest decline over 10 years | -61.53% | -37.19% | -24.34% |
Current DrawdownCurrent decline from peak | -18.86% | -11.82% | -7.04% |
Average DrawdownAverage peak-to-trough decline | -30.35% | -13.19% | -17.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.26% | 4.73% | +4.53% |
Volatility
0388.HK vs. ^N225 - Volatility Comparison
The current volatility for Hong Kong Exchange and Clearing Ltd (0388.HK) is 5.59%, while Nikkei 225 (^N225) has a volatility of 10.42%. 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.
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Volatility by Period
| 0388.HK | ^N225 | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.59% | 10.42% | -4.83% |
Volatility (6M)Calculated over the trailing 6-month period | 15.33% | 23.09% | -7.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.67% | 28.03% | -6.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.01% | 24.28% | +9.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.56% | 21.76% | +8.80% |
Frequently Asked Questions
0388.HK and ^N225 have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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