0788.HK vs. ^GSPC
Compare and contrast key facts about China Tower Corp (0788.HK) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 0788.HK or ^GSPC.
Correlation
The correlation between 0788.HK and ^GSPC is 0.08, 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
0788.HK vs. ^GSPC - Performance Comparison
Key characteristics
0788.HK:
1.09
^GSPC:
0.48
0788.HK:
1.71
^GSPC:
0.80
0788.HK:
1.23
^GSPC:
1.12
0788.HK:
0.59
^GSPC:
0.49
0788.HK:
4.66
^GSPC:
1.90
0788.HK:
7.16%
^GSPC:
4.90%
0788.HK:
27.86%
^GSPC:
19.37%
0788.HK:
-67.92%
^GSPC:
-56.78%
0788.HK:
-43.64%
^GSPC:
-7.82%
Returns By Period
In the year-to-date period, 0788.HK achieves a 2.50% return, which is significantly higher than ^GSPC's -3.70% return.
0788.HK
2.50%
11.46%
10.38%
29.06%
-5.59%
N/A
^GSPC
-3.70%
13.67%
-5.18%
9.18%
14.14%
10.43%
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Risk-Adjusted Performance
0788.HK vs. ^GSPC — Risk-Adjusted Performance Rank
0788.HK
^GSPC
0788.HK vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for China Tower Corp (0788.HK) and S&P 500 (^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.
Drawdowns
0788.HK vs. ^GSPC - Drawdown Comparison
The maximum 0788.HK drawdown since its inception was -67.92%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for 0788.HK and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
0788.HK vs. ^GSPC - Volatility Comparison
The current volatility for China Tower Corp (0788.HK) is 3.90%, while S&P 500 (^GSPC) has a volatility of 11.21%. This indicates that 0788.HK experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.