Correlation
The correlation between 0941.HK and ^GSPC is 0.10, 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.
0941.HK vs. ^GSPC
Compare and contrast key facts about China Mobile Ltd (0941.HK) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 0941.HK or ^GSPC.
Performance
0941.HK vs. ^GSPC - Performance Comparison
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Key characteristics
0941.HK:
1.60
^GSPC:
0.66
0941.HK:
2.04
^GSPC:
0.94
0941.HK:
1.29
^GSPC:
1.14
0941.HK:
2.58
^GSPC:
0.60
0941.HK:
6.25
^GSPC:
2.28
0941.HK:
4.40%
^GSPC:
5.01%
0941.HK:
18.39%
^GSPC:
19.77%
0941.HK:
-80.80%
^GSPC:
-56.78%
0941.HK:
-1.07%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, 0941.HK achieves a 14.88% return, which is significantly higher than ^GSPC's 0.51% return. Over the past 10 years, 0941.HK has underperformed ^GSPC with an annualized return of 3.86%, while ^GSPC has yielded a comparatively higher 10.85% annualized return.
0941.HK
14.88%
8.57%
21.72%
28.45%
27.71%
17.54%
3.86%
^GSPC
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
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Risk-Adjusted Performance
0941.HK vs. ^GSPC — Risk-Adjusted Performance Rank
0941.HK
^GSPC
0941.HK vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for China Mobile Ltd (0941.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.
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Drawdowns
0941.HK vs. ^GSPC - Drawdown Comparison
The maximum 0941.HK drawdown since its inception was -80.80%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for 0941.HK and ^GSPC.
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Volatility
0941.HK vs. ^GSPC - Volatility Comparison
The current volatility for China Mobile Ltd (0941.HK) is 4.11%, while S&P 500 (^GSPC) has a volatility of 4.77%. This indicates that 0941.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.
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