0700.HK vs. HBAR-USD
0700.HK (Tencent Holdings Ltd) is a stock, while HBAR-USD (HederaHashgraph) is a cryptocurrency. Over the past 5 years, 0700.HK returned -2.55%/yr vs -16.81%/yr for HBAR-USD. At a 0.04 correlation, their price movements are largely independent.
Performance
0700.HK vs. HBAR-USD - Performance Comparison
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Different Trading Currencies
0700.HK is traded in HKD, while HBAR-USD is traded in USD. To make them comparable, the HBAR-USD values have been converted to HKD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 0700.HK achieves a -21.70% return, which is significantly higher than HBAR-USD's -25.87% return.
0700.HK
- 1D
- 1.40%
- 1M
- 1.91%
- YTD
- -21.70%
- 6M
- -23.86%
- 1Y
- -8.04%
- 3Y*
- 11.44%
- 5Y*
- -2.55%
- 10Y*
- 12.18%
HBAR-USD
- 1D
- 0.00%
- 1M
- -17.66%
- YTD
- -25.87%
- 6M
- -36.52%
- 1Y
- -50.94%
- 3Y*
- 19.91%
- 5Y*
- -16.81%
- 10Y*
- —
0700.HK vs. HBAR-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
0700.HK Tencent Holdings Ltd | -21.70% | 44.90% | 43.26% | -6.79% | -24.29% | -18.77% | 50.62% | 8.37% |
HBAR-USD HederaHashgraph | -25.87% | -60.37% | 199.36% | 137.68% | -87.06% | 817.71% | 210.09% | -97.55% |
Correlation
The correlation between 0700.HK and HBAR-USD is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2019 | 0.04 |
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Return for Risk
0700.HK vs. HBAR-USD — Risk / Return Rank
0700.HK
HBAR-USD
0700.HK vs. HBAR-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tencent Holdings Ltd (0700.HK) and HederaHashgraph (HBAR-USD). 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.
| 0700.HK | HBAR-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.92 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | -0.69 | +0.47 |
| Martin ratioReturn relative to average drawdown | -0.49 | -0.98 | +0.49 |
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Drawdowns
0700.HK vs. HBAR-USD - Drawdown Comparison
The maximum 0700.HK drawdown since its inception was -72.79%, smaller than the maximum HBAR-USD drawdown of -97.59%. Use the drawdown chart below to compare losses from any high point for 0700.HK and HBAR-USD.
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Drawdown Indicators
| 0700.HK | HBAR-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.79% | -97.59% | +24.80% |
Max Drawdown (1Y)Largest decline over 1 year | -36.54% | -73.44% | +36.90% |
Max Drawdown (3Y)Largest decline over 3 years | -36.54% | -79.15% | +42.61% |
Max Drawdown (5Y)Largest decline over 5 years | -65.52% | -92.56% | +27.04% |
Max Drawdown (10Y)Largest decline over 10 years | -72.79% | — | — |
Current DrawdownCurrent decline from peak | -31.45% | -84.44% | +52.99% |
Average DrawdownAverage peak-to-trough decline | -18.72% | -74.50% | +55.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.56% | 51.63% | -35.07% |
Volatility
0700.HK vs. HBAR-USD - Volatility Comparison
The current volatility for Tencent Holdings Ltd (0700.HK) is 13.13%, while HederaHashgraph (HBAR-USD) has a volatility of 15.69%. This indicates that 0700.HK experiences smaller price fluctuations and is considered to be less risky than HBAR-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 0700.HK | HBAR-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.13% | 15.69% | -2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 23.71% | 43.64% | -19.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.61% | 65.51% | -35.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.19% | 90.98% | -51.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.55% | 111.89% | -76.34% |
Frequently Asked Questions
0700.HK and HBAR-USD have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for 0700.HK and HBAR-USD
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