Correlation
The correlation between 1211.HK and ^HSI is 0.17, 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.
1211.HK vs. ^HSI
Compare and contrast key facts about BYD Co Ltd-H (1211.HK) and Hang Seng Index (^HSI).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 1211.HK or ^HSI.
Performance
1211.HK vs. ^HSI - Performance Comparison
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Key characteristics
1211.HK:
1.81
^HSI:
1.00
1211.HK:
2.11
^HSI:
1.00
1211.HK:
1.29
^HSI:
1.15
1211.HK:
1.99
^HSI:
0.37
1211.HK:
6.96
^HSI:
1.86
1211.HK:
10.70%
^HSI:
10.01%
1211.HK:
46.40%
^HSI:
28.78%
1211.HK:
-87.10%
^HSI:
-65.18%
1211.HK:
-15.56%
^HSI:
-29.75%
Returns By Period
In the year-to-date period, 1211.HK achieves a 47.34% return, which is significantly higher than ^HSI's 16.10% return. Over the past 10 years, 1211.HK has outperformed ^HSI with an annualized return of 22.13%, while ^HSI has yielded a comparatively lower -1.64% annualized return.
1211.HK
47.34%
6.10%
54.89%
80.53%
12.37%
55.67%
22.13%
^HSI
16.10%
5.29%
19.90%
27.75%
2.84%
0.28%
-1.64%
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Risk-Adjusted Performance
1211.HK vs. ^HSI — Risk-Adjusted Performance Rank
1211.HK
^HSI
1211.HK vs. ^HSI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BYD Co Ltd-H (1211.HK) and Hang Seng Index (^HSI). 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
1211.HK vs. ^HSI - Drawdown Comparison
The maximum 1211.HK drawdown since its inception was -87.10%, which is greater than ^HSI's maximum drawdown of -65.18%. Use the drawdown chart below to compare losses from any high point for 1211.HK and ^HSI.
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Volatility
1211.HK vs. ^HSI - Volatility Comparison
BYD Co Ltd-H (1211.HK) has a higher volatility of 16.13% compared to Hang Seng Index (^HSI) at 5.65%. This indicates that 1211.HK's price experiences larger fluctuations and is considered to be riskier than ^HSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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