0700.HK vs. WFSPX
Compare and contrast key facts about Tencent Holdings Ltd (0700.HK) and iShares S&P 500 Index Fund (WFSPX).
WFSPX is managed by Blackrock. It was launched on Jul 30, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 0700.HK or WFSPX.
Performance
0700.HK vs. WFSPX - Performance Comparison
Returns By Period
In the year-to-date period, 0700.HK achieves a 38.86% return, which is significantly higher than WFSPX's 24.93% return. Both investments have delivered pretty close results over the past 10 years, with 0700.HK having a 13.41% annualized return and WFSPX not far behind at 12.80%.
0700.HK
38.86%
-6.17%
2.33%
29.34%
4.65%
13.41%
WFSPX
24.93%
0.60%
11.66%
32.16%
15.22%
12.80%
Key characteristics
| 0700.HK | WFSPX | |
|---|---|---|
| Sharpe Ratio | 0.97 | 2.64 |
| Sortino Ratio | 1.48 | 3.53 |
| Omega Ratio | 1.19 | 1.49 |
| Calmar Ratio | 0.50 | 3.83 |
| Martin Ratio | 3.52 | 17.24 |
| Ulcer Index | 9.15% | 1.88% |
| Daily Std Dev | 33.03% | 12.27% |
| Max Drawdown | -73.53% | -89.72% |
| Current Drawdown | -45.51% | -1.75% |
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Correlation
The correlation between 0700.HK and WFSPX is 0.12, 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. WFSPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tencent Holdings Ltd (0700.HK) and iShares S&P 500 Index Fund (WFSPX). 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. WFSPX - Dividend Comparison
0700.HK's dividend yield for the trailing twelve months is around 0.84%, less than WFSPX's 1.22% 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% |
WFSPX iShares S&P 500 Index Fund | 1.22% | 1.44% | 1.69% | 1.25% | 1.55% | 1.99% | 2.03% | 1.74% | 2.07% | 1.95% | 1.84% | 1.70% |
Drawdowns
0700.HK vs. WFSPX - Drawdown Comparison
The maximum 0700.HK drawdown since its inception was -73.53%, smaller than the maximum WFSPX drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for 0700.HK and WFSPX. For additional features, visit the drawdowns tool.
Volatility
0700.HK vs. WFSPX - Volatility Comparison
Tencent Holdings Ltd (0700.HK) has a higher volatility of 7.47% compared to iShares S&P 500 Index Fund (WFSPX) at 4.05%. This indicates that 0700.HK's price experiences larger fluctuations and is considered to be riskier than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.