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.
Correlation
The correlation between 0388.HK and ^HSI is 0.17, 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.
Performance
0388.HK vs. ^HSI - Performance Comparison
Key characteristics
0388.HK:
1.12
^HSI:
0.88
0388.HK:
2.01
^HSI:
1.53
0388.HK:
1.28
^HSI:
1.24
0388.HK:
1.03
^HSI:
0.65
0388.HK:
3.23
^HSI:
3.09
0388.HK:
18.17%
^HSI:
10.47%
0388.HK:
43.83%
^HSI:
28.80%
0388.HK:
-79.33%
^HSI:
-91.54%
0388.HK:
-27.18%
^HSI:
-31.30%
Returns By Period
In the year-to-date period, 0388.HK achieves a 26.16% return, which is significantly higher than ^HSI's 13.54% return. Over the past 10 years, 0388.HK has outperformed ^HSI with an annualized return of 5.25%, while ^HSI has yielded a comparatively lower -1.99% annualized return.
0388.HK
26.16%
22.97%
11.43%
47.05%
11.74%
5.25%
^HSI
13.54%
13.16%
8.70%
24.36%
-1.26%
-1.99%
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Risk-Adjusted Performance
0388.HK vs. ^HSI — Risk-Adjusted Performance Rank
0388.HK
^HSI
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 -79.33%, 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 18.37% compared to Hang Seng Index (^HSI) at 15.62%. 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.