Correlation
The correlation between 0992.HK and SPY is 0.07, 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.
0992.HK vs. SPY
Compare and contrast key facts about Lenovo Group (0992.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: 0992.HK or SPY.
Performance
0992.HK vs. SPY - Performance Comparison
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Key characteristics
0992.HK:
-0.28
SPY:
0.51
0992.HK:
-0.03
SPY:
0.94
0992.HK:
1.00
SPY:
1.14
0992.HK:
-0.32
SPY:
0.61
0992.HK:
-0.70
SPY:
2.32
0992.HK:
20.25%
SPY:
4.95%
0992.HK:
52.67%
SPY:
20.46%
0992.HK:
-89.26%
SPY:
-55.19%
0992.HK:
-32.87%
SPY:
-2.23%
Returns By Period
In the year-to-date period, 0992.HK achieves a -9.42% return, which is significantly lower than SPY's 2.24% return. Over the past 10 years, 0992.HK has underperformed SPY with an annualized return of 2.71%, while SPY has yielded a comparatively higher 12.86% annualized return.
0992.HK
-9.42%
-8.33%
-3.08%
-14.25%
13.34%
21.95%
2.71%
SPY
2.24%
0.44%
2.55%
10.31%
19.32%
15.69%
12.86%
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Risk-Adjusted Performance
0992.HK vs. SPY — Risk-Adjusted Performance Rank
0992.HK
SPY
0992.HK vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lenovo Group (0992.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.
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Dividends
0992.HK vs. SPY - Dividend Comparison
0992.HK's dividend yield for the trailing twelve months is around 4.22%, more than SPY's 1.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
0992.HK Lenovo Group | 4.22% | 3.82% | 3.48% | 5.93% | 3.57% | 3.84% | 5.37% | 5.01% | 6.01% | 5.64% | 3.37% | 2.35% |
SPY SPDR S&P 500 ETF | 1.20% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
0992.HK vs. SPY - Drawdown Comparison
The maximum 0992.HK drawdown since its inception was -89.26%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for 0992.HK and SPY.
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Volatility
0992.HK vs. SPY - Volatility Comparison
Lenovo Group (0992.HK) has a higher volatility of 9.34% compared to SPDR S&P 500 ETF (SPY) at 3.78%. This indicates that 0992.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.
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