1288.HK vs. ^GSPC
1288.HK (Agricultural Bank Of China) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, 1288.HK returned 14.78%/yr vs 13.21%/yr for ^GSPC. At a 0.12 correlation, their price movements are largely independent.
Performance
1288.HK vs. ^GSPC - Performance Comparison
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Different Trading Currencies
1288.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, 1288.HK achieves a 4.83% return, which is significantly lower than ^GSPC's 9.54% return. Over the past 10 years, 1288.HK has outperformed ^GSPC with an annualized return of 14.78%, while ^GSPC has yielded a comparatively lower 13.21% annualized return.
1288.HK
- 1D
- 4.05%
- 1M
- 4.23%
- 6M
- 11.38%
- YTD
- 4.83%
- 1Y
- 15.86%
- 3Y*
- 37.96%
- 5Y*
- 26.19%
- 10Y*
- 14.78%
- ALL TIME*
- 10.26%
^GSPC
- 1D
- -0.18%
- 1M
- -0.72%
- 6M
- 7.84%
- YTD
- 9.54%
- 1Y
- 18.11%
- 3Y*
- 18.06%
- 5Y*
- 11.49%
- 10Y*
- 13.21%
- ALL TIME*
- 9.15%
1288.HK vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
1288.HK Agricultural Bank Of China | 4.83% | 40.75% | 57.87% | 22.69% | 9.04% | 1.73% | -11.56% | 6.07% | -0.97% | 20.81% |
^GSPC S&P 500 Index | 9.54% | 16.61% | 22.67% | 24.22% | -19.31% | 27.58% | 15.74% | 28.20% | -6.03% | 20.34% |
Correlation
The correlation between 1288.HK and ^GSPC is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2010 | 0.12 |
The correlation between 1288.HK and ^GSPC shifts across timeframes, from -0.01 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
1288.HK vs. ^GSPC — Risk / Return Rank
1288.HK
^GSPC
1288.HK vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Agricultural Bank Of China (1288.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.
| 1288.HK | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.26 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 2.07 | -1.13 |
| Martin ratioReturn relative to average drawdown | 1.96 | 8.96 | -7.00 |
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Drawdowns
1288.HK vs. ^GSPC - Drawdown Comparison
The maximum 1288.HK drawdown since its inception was -51.25%, smaller than the maximum ^GSPC drawdown of -56.80%. Use the drawdown chart below to compare losses from any high point for 1288.HK and ^GSPC.
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Drawdown Indicators
| 1288.HK | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.25% | -56.80% | +5.55% |
Max Drawdown (1Y)Largest decline over 1 year | -17.35% | -8.77% | -8.58% |
Max Drawdown (3Y)Largest decline over 3 years | -17.39% | -18.97% | +1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -22.31% | -24.92% | +2.61% |
Max Drawdown (10Y)Largest decline over 10 years | -41.68% | -34.06% | -7.62% |
Current DrawdownCurrent decline from peak | -3.27% | -2.14% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -17.41% | -9.26% | -8.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.36% | 2.03% | +6.33% |
Volatility
1288.HK vs. ^GSPC - Volatility Comparison
Agricultural Bank Of China (1288.HK) has a higher volatility of 9.20% compared to S&P 500 Index (^GSPC) at 3.14%. This indicates that 1288.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
| 1288.HK | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.20% | 3.14% | +6.06% |
Volatility (6M)Calculated over the trailing 6-month period | 16.86% | 10.04% | +6.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.00% | 12.61% | +10.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.05% | 16.97% | +5.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.98% | 18.03% | +3.95% |
Frequently Asked Questions
1288.HK and ^GSPC have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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