0788.HK vs. ^GSPC

Last updated Jun 5, 2026

0788.HK (China Tower Corp) is a stock, while ^GSPC (S&P 500 Index) is an index. At a 0.08 correlation, their price movements are largely independent.

Performance

0788.HK vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in China Tower Corp (0788.HK) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

0788.HK is traded in HKD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 0788.HK achieves a -10.58% return, which is significantly lower than ^GSPC's 8.56% return.

0788.HK

• 1D: -0.60%
• 1M: -6.88%
• YTD: -10.58%
• 6M: -17.04%
• 1Y: -8.77%
• 3Y*: 8.59%
• 5Y*: 2.02%
• 10Y*: —

^GSPC

• 1D: -2.65%
• 1M: 0.23%
• YTD: 8.56%
• 6M: 8.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

0788.HK vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025
0788.HK China Tower Corp	-10.58%	2.56%
^GSPC S&P 500 Index	8.56%	13.17%

Correlation

The correlation between 0788.HK and ^GSPC is 0.08, 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 (All Time) Calculated using the full available price history since Jun 9, 2025	0.08

Return for Risk

0788.HK vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

0788.HK

0788.HK Risk / Return Rank: 22
0788.HK Sharpe Ratio Rank: 22
0788.HK Sortino Ratio Rank: 19
0788.HK Omega Ratio Rank: 21
0788.HK Calmar Ratio Rank: 27
0788.HK Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

0788.HK vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for China Tower Corp (0788.HK) and S&P 500 Index (^GSPC). 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.

	0788.HK	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	-0.44	—	—
Sortino ratio: Return per unit of downside risk	-0.53	—	—
Omega ratio: Gain probability vs. loss probability	0.94	—	—
Calmar ratio: Return relative to maximum drawdown	-0.44	—	—
Martin ratio: Return relative to average drawdown	-0.93	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	0788.HK	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.44	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	1.90	-1.89

Drawdowns

0788.HK vs. ^GSPC - Drawdown Comparison

The maximum 0788.HK drawdown since its inception was -66.54%, which is greater than ^GSPC's maximum drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for 0788.HK and ^GSPC.

Drawdown Indicators

	0788.HK	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-66.54%	-8.77%	-57.77%
Max Drawdown (1Y) Largest decline over 1 year	-20.09%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.11%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.13%	—	—
Current Drawdown Current decline from peak	-44.18%	-3.01%	-41.17%
Average Drawdown Average peak-to-trough decline	-41.55%	-1.10%	-40.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.38%	—	—

Volatility

Volatility by Period

	0788.HK	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.19%	12.19%	+8.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.91%	12.19%	+14.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.73%	12.19%	+18.54%

Frequently Asked Questions

Can I hold both 0788.HK and ^GSPC in my portfolio?

0788.HK and ^GSPC have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.