1316.HK vs. ^HSI

Last updated Jun 5, 2026

1316.HK (Nexteer Automotive Group Ltd) is a stock, while ^HSI (Hang Seng Index) is an index. Over the past 10 years, 1316.HK returned -2.56%/yr vs 1.85%/yr for ^HSI. At a 0.46 correlation, their price movements are largely independent.

Performance

1316.HK vs. ^HSI - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Nexteer Automotive Group Ltd (1316.HK) and Hang Seng Index (^HSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 1316.HK achieves a -21.84% return, which is significantly lower than ^HSI's -1.47% return. Over the past 10 years, 1316.HK has underperformed ^HSI with an annualized return of -2.56%, while ^HSI has yielded a comparatively higher 1.85% annualized return.

1316.HK

• 1D: -0.40%
• 1M: 2.04%
• YTD: -21.84%
• 6M: -16.78%
• 1Y: -10.47%
• 3Y*: 10.13%
• 5Y*: -13.48%
• 10Y*: -2.56%

^HSI

• 1D: -1.48%
• 1M: -2.49%
• YTD: -1.47%
• 6M: -2.63%
• 1Y: 6.76%
• 3Y*: 9.74%
• 5Y*: -2.67%
• 10Y*: 1.85%

*Multi-year figures are annualized to reflect compound growth (CAGR)

1316.HK vs. ^HSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
1316.HK Nexteer Automotive Group Ltd	-21.84%	95.63%	-32.27%	-2.59%	-46.43%	16.98%	23.64%	-35.08%	-39.08%	105.68%
^HSI Hang Seng Index	-1.47%	27.77%	17.67%	-13.82%	-15.46%	-14.08%	-3.40%	9.07%	-13.61%	35.99%

Correlation

The correlation between 1316.HK and ^HSI is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Oct 8, 2013	0.46

The correlation between 1316.HK and ^HSI has been stable across timeframes, ranging from 0.46 to 0.55 - a consistent structural relationship.

Return for Risk

1316.HK vs. ^HSI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

1316.HK

1316.HK Risk / Return Rank: 32
1316.HK Sharpe Ratio Rank: 32
1316.HK Sortino Ratio Rank: 32
1316.HK Omega Ratio Rank: 31
1316.HK Calmar Ratio Rank: 33
1316.HK Martin Ratio Rank: 33

^HSI

^HSI Risk / Return Rank: 27
^HSI Sharpe Ratio Rank: 27
^HSI Sortino Ratio Rank: 26
^HSI Omega Ratio Rank: 25
^HSI Calmar Ratio Rank: 28
^HSI Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

1316.HK vs. ^HSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nexteer Automotive Group Ltd (1316.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.

	1316.HK	^HSI	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	0.37	-0.60
Sortino ratio: Return per unit of downside risk	0.04	0.67	-0.63
Omega ratio: Gain probability vs. loss probability	1.00	1.07	-0.07
Calmar ratio: Return relative to maximum drawdown	-0.26	0.54	-0.80
Martin ratio: Return relative to average drawdown	-0.50	1.35	-1.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

1316.HK vs. ^HSI - Sharpe Ratio Comparison

The current 1316.HK Sharpe Ratio is -0.22, which is lower than the ^HSI Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of 1316.HK and ^HSI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	1316.HK	^HSI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.22	0.37	-0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.23	-0.11	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.05	0.09	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.27	-0.14

Drawdowns

1316.HK vs. ^HSI - Drawdown Comparison

The maximum 1316.HK drawdown since its inception was -86.71%, which is greater than ^HSI's maximum drawdown of -65.18%. Use the drawdown chart below to compare losses from any high point for 1316.HK and ^HSI.

Drawdown Indicators

	1316.HK	^HSI	Difference
Max Drawdown Largest peak-to-trough decline	-86.71%	-65.18%	-21.53%
Max Drawdown (1Y) Largest decline over 1 year	-45.34%	-12.82%	-32.52%
Max Drawdown (3Y) Largest decline over 3 years	-59.63%	-25.49%	-34.14%
Max Drawdown (5Y) Largest decline over 5 years	-79.94%	-49.85%	-30.09%
Max Drawdown (10Y) Largest decline over 10 years	-86.71%	-55.70%	-31.01%
Current Drawdown Current decline from peak	-71.16%	-23.83%	-47.33%
Average Drawdown Average peak-to-trough decline	-44.35%	-24.17%	-20.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.03%	5.09%	+18.94%

Volatility

1316.HK vs. ^HSI - Volatility Comparison

Nexteer Automotive Group Ltd (1316.HK) has a higher volatility of 14.91% compared to Hang Seng Index (^HSI) at 5.18%. This indicates that 1316.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.

Volatility by Period

	1316.HK	^HSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.91%	5.18%	+9.73%
Volatility (6M) Calculated over the trailing 6-month period	36.21%	13.70%	+22.51%
Volatility (1Y) Calculated over the trailing 1-year period	53.33%	18.52%	+34.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.82%	25.32%	+35.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.46%	21.96%	+36.50%

Frequently Asked Questions

Can I hold both 1316.HK and ^HSI in my portfolio?

1316.HK and ^HSI have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.