1398.HK vs. ^GSPC
Compare and contrast key facts about Industrial and Commercial Bank of China (1398.HK) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 1398.HK or ^GSPC.
Key characteristics
| 1398.HK | ^GSPC | |
|---|---|---|
| YTD Return | 22.10% | 17.79% |
| 1Y Return | 22.10% | 26.42% |
| 3Y Return (Ann) | 8.49% | 8.24% |
| 5Y Return (Ann) | 3.44% | 13.48% |
| 10Y Return (Ann) | 4.85% | 10.85% |
| Sharpe Ratio | 1.09 | 2.06 |
| Daily Std Dev | 21.99% | 12.69% |
| Max Drawdown | -61.25% | -56.78% |
| Current Drawdown | -9.21% | -0.86% |
Correlation
The correlation between 1398.HK and ^GSPC is 0.15, 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
1398.HK vs. ^GSPC - Performance Comparison
In the year-to-date period, 1398.HK achieves a 22.10% return, which is significantly higher than ^GSPC's 17.79% return. Over the past 10 years, 1398.HK has underperformed ^GSPC with an annualized return of 4.85%, while ^GSPC has yielded a comparatively higher 10.85% 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
1398.HK vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Industrial and Commercial Bank of China (1398.HK) and S&P 500 (^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.
Drawdowns
1398.HK vs. ^GSPC - Drawdown Comparison
The maximum 1398.HK drawdown since its inception was -61.25%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for 1398.HK and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
1398.HK vs. ^GSPC - Volatility Comparison
Industrial and Commercial Bank of China (1398.HK) has a higher volatility of 6.91% compared to S&P 500 (^GSPC) at 3.98%. This indicates that 1398.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.