1299.HK vs. SPY
Compare and contrast key facts about AIA Group Ltd (1299.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: 1299.HK or SPY.
Key characteristics
| 1299.HK | SPY | |
|---|---|---|
| YTD Return | -4.21% | 24.15% |
| 1Y Return | -2.34% | 38.94% |
| 3Y Return (Ann) | -9.02% | 10.71% |
| 5Y Return (Ann) | -1.48% | 16.24% |
| 10Y Return (Ann) | 6.39% | 13.67% |
| Sharpe Ratio | -0.09 | 3.06 |
| Sortino Ratio | 0.11 | 4.07 |
| Omega Ratio | 1.01 | 1.56 |
| Calmar Ratio | -0.06 | 3.23 |
| Martin Ratio | -0.16 | 20.13 |
| Ulcer Index | 19.51% | 1.87% |
| Daily Std Dev | 34.18% | 12.32% |
| Max Drawdown | -55.41% | -55.19% |
| Current Drawdown | -36.82% | 0.00% |
Correlation
The correlation between 1299.HK and SPY is 0.12, 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
1299.HK vs. SPY - Performance Comparison
In the year-to-date period, 1299.HK achieves a -4.21% return, which is significantly lower than SPY's 24.15% return. Over the past 10 years, 1299.HK has underperformed SPY with an annualized return of 6.39%, while SPY has yielded a comparatively higher 13.67% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
1299.HK vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AIA Group Ltd (1299.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.
Dividends
1299.HK vs. SPY - Dividend Comparison
1299.HK's dividend yield for the trailing twelve months is around 2.58%, more than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
1299.HK AIA Group Ltd | 2.58% | 2.29% | 1.71% | 1.76% | 1.34% | 0.52% | 1.59% | 1.34% | 1.67% | 1.13% | 1.03% | 0.99% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
1299.HK vs. SPY - Drawdown Comparison
The maximum 1299.HK drawdown since its inception was -55.41%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for 1299.HK and SPY. For additional features, visit the drawdowns tool.
Volatility
1299.HK vs. SPY - Volatility Comparison
AIA Group Ltd (1299.HK) has a higher volatility of 17.31% compared to SPDR S&P 500 ETF (SPY) at 2.52%. This indicates that 1299.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.