0700.HK vs. SPYG
Compare and contrast key facts about Tencent Holdings Ltd (0700.HK) and SPDR Portfolio S&P 500 Growth ETF (SPYG).
SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 0700.HK or SPYG.
Key characteristics
| 0700.HK | SPYG | |
|---|---|---|
| YTD Return | 24.11% | 11.22% |
| 1Y Return | 8.64% | 33.07% |
| 3Y Return (Ann) | -13.61% | 7.83% |
| 5Y Return (Ann) | 1.03% | 14.57% |
| 10Y Return (Ann) | 15.80% | 14.33% |
| Sharpe Ratio | 0.19 | 2.30 |
| Daily Std Dev | 32.98% | 13.98% |
| Max Drawdown | -72.70% | -67.79% |
| Current Drawdown | -47.11% | -2.01% |
Correlation
The correlation between 0700.HK and SPYG 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.
Performance
0700.HK vs. SPYG - Performance Comparison
In the year-to-date period, 0700.HK achieves a 24.11% return, which is significantly higher than SPYG's 11.22% return. Over the past 10 years, 0700.HK has outperformed SPYG with an annualized return of 15.80%, while SPYG has yielded a comparatively lower 14.33% 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
0700.HK vs. SPYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tencent Holdings Ltd (0700.HK) and SPDR Portfolio S&P 500 Growth ETF (SPYG). 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. SPYG - Dividend Comparison
0700.HK's dividend yield for the trailing twelve months is around 0.66%, less than SPYG's 0.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
0700.HK Tencent Holdings Ltd | 0.66% | 1.63% | 0.98% | 0.35% | 0.21% | 0.27% | 0.29% | 0.15% | 0.25% | 0.24% | 0.21% | 0.20% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.94% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% | 1.42% |
Drawdowns
0700.HK vs. SPYG - Drawdown Comparison
The maximum 0700.HK drawdown since its inception was -72.70%, which is greater than SPYG's maximum drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for 0700.HK and SPYG. For additional features, visit the drawdowns tool.
Volatility
0700.HK vs. SPYG - Volatility Comparison
Tencent Holdings Ltd (0700.HK) has a higher volatility of 9.36% compared to SPDR Portfolio S&P 500 Growth ETF (SPYG) at 5.89%. This indicates that 0700.HK's price experiences larger fluctuations and is considered to be riskier than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.