0700.HK vs. ^HSI
Compare and contrast key facts about Tencent Holdings Ltd (0700.HK) and Hang Seng Index (^HSI).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 0700.HK or ^HSI.
Correlation
The correlation between 0700.HK and ^HSI is 0.17, 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. ^HSI - Performance Comparison
Key characteristics
0700.HK:
1.17
^HSI:
0.88
0700.HK:
1.87
^HSI:
1.53
0700.HK:
1.26
^HSI:
1.24
0700.HK:
0.84
^HSI:
0.65
0700.HK:
4.40
^HSI:
3.09
0700.HK:
10.44%
^HSI:
10.47%
0700.HK:
34.63%
^HSI:
28.80%
0700.HK:
-73.53%
^HSI:
-91.54%
0700.HK:
-32.86%
^HSI:
-31.30%
Returns By Period
In the year-to-date period, 0700.HK achieves a 19.42% return, which is significantly higher than ^HSI's 13.54% return. Over the past 10 years, 0700.HK has outperformed ^HSI with an annualized return of 12.99%, while ^HSI has yielded a comparatively lower -1.99% annualized return.
0700.HK
19.42%
13.08%
16.25%
38.99%
4.41%
12.99%
^HSI
13.54%
13.16%
8.70%
24.36%
-1.26%
-1.99%
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Risk-Adjusted Performance
0700.HK vs. ^HSI — Risk-Adjusted Performance Rank
0700.HK
^HSI
0700.HK vs. ^HSI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tencent Holdings Ltd (0700.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
0700.HK vs. ^HSI - Drawdown Comparison
The maximum 0700.HK drawdown since its inception was -73.53%, smaller than the maximum ^HSI drawdown of -91.54%. Use the drawdown chart below to compare losses from any high point for 0700.HK and ^HSI. For additional features, visit the drawdowns tool.
Volatility
0700.HK vs. ^HSI - Volatility Comparison
Tencent Holdings Ltd (0700.HK) and Hang Seng Index (^HSI) have volatilities of 15.19% and 15.62%, 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.