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 0.76, 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
Key characteristics
0388.HK:
1.14
^HSI:
1.36
0388.HK:
1.92
^HSI:
1.95
0388.HK:
1.24
^HSI:
1.25
0388.HK:
0.78
^HSI:
0.63
0388.HK:
2.66
^HSI:
3.47
0388.HK:
17.19%
^HSI:
9.70%
0388.HK:
40.04%
^HSI:
24.73%
0388.HK:
-79.33%
^HSI:
-91.54%
0388.HK:
-38.99%
^HSI:
-38.10%
Returns By Period
In the year-to-date period, 0388.HK achieves a 5.69% return, which is significantly higher than ^HSI's 2.31% return. Over the past 10 years, 0388.HK has outperformed ^HSI with an annualized return of 8.73%, while ^HSI has yielded a comparatively lower -1.87% annualized return.
0388.HK
5.69%
8.71%
40.52%
40.03%
5.45%
8.73%
^HSI
2.31%
3.86%
23.28%
32.32%
-5.82%
-1.87%
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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) and Hang Seng Index (^HSI) have volatilities of 5.82% and 5.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.