0388.HK vs. ^HSI
Compare and contrast key facts about Hong Kong Exchange and Clearing Ltd (0388.HK) and Hang Seng Index (^HSI).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 0388.HK or ^HSI.
Key characteristics
| 0388.HK | ^HSI | |
|---|---|---|
| YTD Return | 0.83% | 7.99% |
| 1Y Return | -14.09% | -9.30% |
| 3Y Return (Ann) | -14.59% | -13.99% |
| 5Y Return (Ann) | 4.00% | -8.43% |
| 10Y Return (Ann) | 9.55% | -1.74% |
| Sharpe Ratio | -0.55 | -0.32 |
| Daily Std Dev | 30.40% | 22.98% |
| Max Drawdown | -79.34% | -91.54% |
| Current Drawdown | -48.94% | -44.47% |
Correlation
The correlation between 0388.HK and ^HSI is 0.76, 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.
Performance
0388.HK vs. ^HSI - Performance Comparison
In the year-to-date period, 0388.HK achieves a 0.83% return, which is significantly lower than ^HSI's 7.99% return. Over the past 10 years, 0388.HK has outperformed ^HSI with an annualized return of 9.55%, while ^HSI has yielded a comparatively lower -1.74% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
0388.HK vs. ^HSI - Risk-Adjusted Performance 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.
Drawdowns
0388.HK vs. ^HSI - Drawdown Comparison
The maximum 0388.HK drawdown since its inception was -79.34%, smaller than the maximum ^HSI drawdown of -91.54%. Use the drawdown chart below to compare losses from any high point for 0388.HK and ^HSI. For additional features, visit the drawdowns tool.
Volatility
0388.HK vs. ^HSI - Volatility Comparison
Hong Kong Exchange and Clearing Ltd (0388.HK) has a higher volatility of 10.66% compared to Hang Seng Index (^HSI) at 6.20%. 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.