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 0.10, 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.
Performance
0968.HK vs. ^GSPC - Performance Comparison
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Key characteristics
0968.HK:
-0.86
^GSPC:
0.57
0968.HK:
-1.04
^GSPC:
0.98
0968.HK:
0.87
^GSPC:
1.14
0968.HK:
-0.54
^GSPC:
0.63
0968.HK:
-1.24
^GSPC:
2.41
0968.HK:
38.33%
^GSPC:
4.93%
0968.HK:
61.69%
^GSPC:
19.56%
0968.HK:
-87.98%
^GSPC:
-56.78%
0968.HK:
-86.61%
^GSPC:
-5.52%
Returns By Period
In the year-to-date period, 0968.HK achieves a -16.24% return, which is significantly lower than ^GSPC's -1.31% return. Over the past 10 years, 0968.HK has underperformed ^GSPC with an annualized return of 1.95%, while ^GSPC has yielded a comparatively higher 10.62% annualized return.
0968.HK
-16.24%
1.94%
-25.71%
-51.71%
-12.05%
1.95%
^GSPC
-1.31%
8.23%
-3.18%
11.14%
15.18%
10.62%
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Risk-Adjusted Performance
0968.HK vs. ^GSPC — Risk-Adjusted Performance Rank
0968.HK
^GSPC
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.
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Drawdowns
0968.HK vs. ^GSPC - Drawdown Comparison
The maximum 0968.HK drawdown since its inception was -87.98%, 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.
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Volatility
0968.HK vs. ^GSPC - Volatility Comparison
Xinyi Solar Holdings Ltd (0968.HK) has a higher volatility of 13.45% compared to S&P 500 (^GSPC) at 6.02%. 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.
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