1093.HK vs. ^GSPC
1093.HK (CSPC Pharmaceutical Group Ltd) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, 1093.HK returned 17.71%/yr vs 13.72%/yr for ^GSPC. At a 0.08 correlation, their price movements are largely independent.
Performance
1093.HK vs. ^GSPC - Performance Comparison
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Different Trading Currencies
1093.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, 1093.HK achieves a -14.12% return, which is significantly lower than ^GSPC's 9.28% return. Over the past 10 years, 1093.HK has outperformed ^GSPC with an annualized return of 17.71%, while ^GSPC has yielded a comparatively lower 13.72% annualized return.
1093.HK
- 1D
- 0.42%
- 1M
- -10.06%
- YTD
- -14.12%
- 6M
- -5.48%
- 1Y
- -18.77%
- 3Y*
- 6.09%
- 5Y*
- -7.56%
- 10Y*
- 17.71%
^GSPC
- 1D
- 0.49%
- 1M
- -0.11%
- YTD
- 9.28%
- 6M
- 9.56%
- 1Y
- 22.70%
- 3Y*
- 19.38%
- 5Y*
- 12.05%
- 10Y*
- 13.72%
1093.HK vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
1093.HK CSPC Pharmaceutical Group Ltd | -14.12% | 81.38% | -30.97% | -7.80% | -0.70% | 8.57% | 61.50% | 68.76% | -27.50% | 94.71% |
^GSPC S&P 500 Index | 9.28% | 16.61% | 22.67% | 24.22% | -19.31% | 27.58% | 15.74% | 28.20% | -6.03% | 20.34% |
Correlation
The correlation between 1093.HK and ^GSPC is 0.02, 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 (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2007 | 0.08 |
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Return for Risk
1093.HK vs. ^GSPC — Risk / Return Rank
1093.HK
^GSPC
1093.HK vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CSPC Pharmaceutical Group Ltd (1093.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 1093.HK | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.22 | ||
| Sortino ratioReturn per unit of downside risk | -2.77 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.33 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 2.60 | -3.10 |
| Martin ratioReturn relative to average drawdown | -0.89 | 11.71 | -12.60 |
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Drawdowns
1093.HK vs. ^GSPC - Drawdown Comparison
The maximum 1093.HK drawdown since its inception was -74.77%, which is greater than ^GSPC's maximum drawdown of -56.80%. Use the drawdown chart below to compare losses from any high point for 1093.HK and ^GSPC.
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Drawdown Indicators
| 1093.HK | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.77% | -56.80% | -17.97% |
Max Drawdown (1Y)Largest decline over 1 year | -38.44% | -8.77% | -29.67% |
Max Drawdown (3Y)Largest decline over 3 years | -38.44% | -18.97% | -19.47% |
Max Drawdown (5Y)Largest decline over 5 years | -60.67% | -24.92% | -35.75% |
Max Drawdown (10Y)Largest decline over 10 years | -61.30% | -34.06% | -27.24% |
Current DrawdownCurrent decline from peak | -35.97% | -2.37% | -33.60% |
Average DrawdownAverage peak-to-trough decline | -26.54% | -9.29% | -17.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.32% | 1.95% | +19.37% |
Volatility
1093.HK vs. ^GSPC - Volatility Comparison
CSPC Pharmaceutical Group Ltd (1093.HK) has a higher volatility of 13.44% compared to S&P 500 Index (^GSPC) at 4.45%. This indicates that 1093.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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Volatility by Period
| 1093.HK | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.44% | 4.45% | +8.99% |
Volatility (6M)Calculated over the trailing 6-month period | 35.31% | 9.70% | +25.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.52% | 12.37% | +38.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.72% | 16.96% | +27.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.08% | 18.06% | +29.02% |
Frequently Asked Questions
1093.HK and ^GSPC have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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