0700.HK vs. SPY
Compare and contrast key facts about Tencent Holdings Ltd (0700.HK) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 0700.HK or SPY.
Performance
0700.HK vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, 0700.HK achieves a 38.86% return, which is significantly higher than SPY's 24.91% return. Both investments have delivered pretty close results over the past 10 years, with 0700.HK having a 13.41% annualized return and SPY not far behind at 13.04%.
0700.HK
38.86%
-6.17%
2.33%
29.34%
4.65%
13.41%
SPY
24.91%
0.61%
11.66%
32.24%
15.43%
13.04%
Key characteristics
| 0700.HK | SPY | |
|---|---|---|
| Sharpe Ratio | 0.97 | 2.67 |
| Sortino Ratio | 1.48 | 3.56 |
| Omega Ratio | 1.19 | 1.50 |
| Calmar Ratio | 0.50 | 3.85 |
| Martin Ratio | 3.52 | 17.38 |
| Ulcer Index | 9.15% | 1.86% |
| Daily Std Dev | 33.03% | 12.17% |
| Max Drawdown | -73.53% | -55.19% |
| Current Drawdown | -45.51% | -1.77% |
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Correlation
The correlation between 0700.HK and SPY is 0.13, 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.
Risk-Adjusted Performance
0700.HK vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tencent Holdings Ltd (0700.HK) and SPDR S&P 500 ETF (SPY). 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.
Dividends
0700.HK vs. SPY - Dividend Comparison
0700.HK's dividend yield for the trailing twelve months is around 0.84%, less than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
0700.HK Tencent Holdings Ltd | 0.84% | 1.63% | 0.93% | 0.32% | 0.20% | 0.25% | 0.27% | 0.14% | 0.23% | 0.22% | 0.20% | 0.19% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
0700.HK vs. SPY - Drawdown Comparison
The maximum 0700.HK drawdown since its inception was -73.53%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for 0700.HK and SPY. For additional features, visit the drawdowns tool.
Volatility
0700.HK vs. SPY - Volatility Comparison
Tencent Holdings Ltd (0700.HK) has a higher volatility of 7.47% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that 0700.HK's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.