0968.HK vs. ^GSPC
Compare and contrast key facts about Xinyi Solar Holdings Ltd (0968.HK) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 0968.HK or ^GSPC.
Correlation
The correlation between 0968.HK and ^GSPC 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
0968.HK vs. ^GSPC - Performance Comparison
Key characteristics
0968.HK:
-0.27
^GSPC:
2.16
0968.HK:
0.03
^GSPC:
2.87
0968.HK:
1.00
^GSPC:
1.40
0968.HK:
-0.21
^GSPC:
3.19
0968.HK:
-0.52
^GSPC:
13.87
0968.HK:
34.83%
^GSPC:
1.95%
0968.HK:
66.12%
^GSPC:
12.54%
0968.HK:
-85.80%
^GSPC:
-56.78%
0968.HK:
-83.91%
^GSPC:
-0.82%
Returns By Period
In the year-to-date period, 0968.HK achieves a -26.59% return, which is significantly lower than ^GSPC's 26.63% return. Over the past 10 years, 0968.HK has underperformed ^GSPC with an annualized return of 7.91%, while ^GSPC has yielded a comparatively higher 11.23% annualized return.
0968.HK
-26.59%
1.94%
-18.70%
-19.72%
-7.56%
7.91%
^GSPC
26.63%
1.18%
10.44%
27.03%
13.30%
11.23%
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Risk-Adjusted Performance
0968.HK vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xinyi Solar Holdings Ltd (0968.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
0968.HK vs. ^GSPC - Drawdown Comparison
The maximum 0968.HK drawdown since its inception was -85.80%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for 0968.HK and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
0968.HK vs. ^GSPC - Volatility Comparison
Xinyi Solar Holdings Ltd (0968.HK) has a higher volatility of 11.05% compared to S&P 500 (^GSPC) at 3.95%. This indicates that 0968.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.