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.
Key characteristics
| 0788.HK | ^GSPC | |
|---|---|---|
| YTD Return | 40.52% | 22.73% |
| 1Y Return | 60.04% | 38.58% |
| 3Y Return (Ann) | 6.24% | 8.85% |
| 5Y Return (Ann) | -5.46% | 14.32% |
| Sharpe Ratio | 1.87 | 2.98 |
| Sortino Ratio | 2.64 | 3.95 |
| Omega Ratio | 1.34 | 1.55 |
| Calmar Ratio | 0.85 | 2.60 |
| Martin Ratio | 9.65 | 19.43 |
| Ulcer Index | 5.77% | 1.90% |
| Daily Std Dev | 29.91% | 12.32% |
| Max Drawdown | -66.54% | -56.78% |
| Current Drawdown | -43.56% | -0.18% |
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
In the year-to-date period, 0788.HK achieves a 40.52% return, which is significantly higher than ^GSPC's 22.73% 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
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 -66.54%, 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
China Tower Corp (0788.HK) has a higher volatility of 13.61% compared to S&P 500 (^GSPC) at 2.56%. This indicates that 0788.HK's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.