0968.HK vs. ^GSPC

Last updated Jun 5, 2026

0968.HK (Xinyi Solar Holdings Ltd) is a stock, while ^GSPC (S&P 500 Index) is an index. At a correlation of -0.09, they often move in opposite directions.

Performance

0968.HK vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Xinyi Solar Holdings Ltd (0968.HK) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

0968.HK is traded in HKD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 0968.HK achieves a -11.86% return, which is significantly lower than ^GSPC's 8.56% return.

0968.HK

• 1D: 0.77%
• 1M: -13.03%
• YTD: -11.86%
• 6M: -19.45%
• 1Y: 10.50%
• 3Y*: -29.86%
• 5Y*: -25.79%
• 10Y*: 1.31%

^GSPC

• 1D: -2.65%
• 1M: 0.23%
• YTD: 8.56%
• 6M: 8.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

0968.HK vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025
0968.HK Xinyi Solar Holdings Ltd	-11.86%	26.42%
^GSPC S&P 500 Index	8.56%	13.17%

Correlation

The correlation between 0968.HK and ^GSPC is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025	-0.09

Return for Risk

0968.HK vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

0968.HK

0968.HK Risk / Return Rank: 50
0968.HK Sharpe Ratio Rank: 52
0968.HK Sortino Ratio Rank: 50
0968.HK Omega Ratio Rank: 47
0968.HK Calmar Ratio Rank: 51
0968.HK Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

0968.HK vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xinyi Solar Holdings Ltd (0968.HK) and S&P 500 Index (^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.

	0968.HK	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	0.29	—	—
Sortino ratio: Return per unit of downside risk	0.78	—	—
Omega ratio: Gain probability vs. loss probability	1.09	—	—
Calmar ratio: Return relative to maximum drawdown	0.39	—	—
Martin ratio: Return relative to average drawdown	0.83	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	0968.HK	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.29	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.50	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	1.90	-1.69

Drawdowns

0968.HK vs. ^GSPC - Drawdown Comparison

The maximum 0968.HK drawdown since its inception was -88.39%, which is greater than ^GSPC's maximum drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for 0968.HK and ^GSPC.

Drawdown Indicators

	0968.HK	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-88.39%	-8.77%	-79.62%
Max Drawdown (1Y) Largest decline over 1 year	-35.06%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-74.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-86.73%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-88.39%	—	—
Current Drawdown Current decline from peak	-86.50%	-3.01%	-83.49%
Average Drawdown Average peak-to-trough decline	-36.80%	-1.10%	-35.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.30%	—	—

Volatility

Volatility by Period

	0968.HK	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	29.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	47.02%	12.19%	+34.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.85%	12.19%	+40.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.32%	12.19%	+37.13%

Frequently Asked Questions

Can I hold both 0968.HK and ^GSPC in my portfolio?

0968.HK and ^GSPC have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.