0823.HK vs. SPY
Compare and contrast key facts about Link Real Estate Investment Trust (0823.HK) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 0823.HK or SPY.
Correlation
The correlation between 0823.HK and SPY is 0.09, 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
0823.HK vs. SPY - Performance Comparison
Key characteristics
0823.HK:
-0.37
SPY:
2.21
0823.HK:
-0.37
SPY:
2.93
0823.HK:
0.96
SPY:
1.41
0823.HK:
-0.15
SPY:
3.26
0823.HK:
-0.53
SPY:
14.43
0823.HK:
17.43%
SPY:
1.90%
0823.HK:
24.64%
SPY:
12.41%
0823.HK:
-60.51%
SPY:
-55.19%
0823.HK:
-55.35%
SPY:
-2.74%
Returns By Period
In the year-to-date period, 0823.HK achieves a -20.46% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, 0823.HK has underperformed SPY with an annualized return of 0.80%, while SPY has yielded a comparatively higher 12.97% annualized return.
0823.HK
-20.46%
-4.88%
9.51%
-19.63%
-11.98%
0.80%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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Risk-Adjusted Performance
0823.HK vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Link Real Estate Investment Trust (0823.HK) and SPDR S&P 500 ETF (SPY). 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
0823.HK vs. SPY - Dividend Comparison
0823.HK's dividend yield for the trailing twelve months is around 8.32%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
0823.HK Link Real Estate Investment Trust | 8.32% | 5.68% | 5.26% | 4.49% | 4.07% | 3.42% | 3.26% | 3.29% | 4.34% | 4.14% | 3.61% | 4.14% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
0823.HK vs. SPY - Drawdown Comparison
The maximum 0823.HK drawdown since its inception was -60.51%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for 0823.HK and SPY. For additional features, visit the drawdowns tool.
Volatility
0823.HK vs. SPY - Volatility Comparison
Link Real Estate Investment Trust (0823.HK) has a higher volatility of 4.80% compared to SPDR S&P 500 ETF (SPY) at 3.68%. This indicates that 0823.HK's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.