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.
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.
Performance
1398.HK vs. ^GSPC - Performance Comparison
Loading data...
Key characteristics
1398.HK:
2.41
^GSPC:
0.61
1398.HK:
2.83
^GSPC:
1.02
1398.HK:
1.37
^GSPC:
1.15
1398.HK:
3.72
^GSPC:
0.67
1398.HK:
12.30
^GSPC:
2.51
1398.HK:
4.32%
^GSPC:
5.04%
1398.HK:
24.55%
^GSPC:
19.76%
1398.HK:
-61.25%
^GSPC:
-56.78%
1398.HK:
0.00%
^GSPC:
-1.98%
Returns By Period
In the year-to-date period, 1398.HK achieves a 21.82% return, which is significantly higher than ^GSPC's 2.39% return. Over the past 10 years, 1398.HK has underperformed ^GSPC with an annualized return of 5.98%, while ^GSPC has yielded a comparatively higher 11.14% annualized return.
1398.HK
21.82%
12.18%
32.76%
57.07%
21.12%
12.29%
5.98%
^GSPC
2.39%
3.05%
-1.02%
12.04%
15.58%
14.64%
11.14%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
1398.HK vs. ^GSPC — Risk-Adjusted Performance Rank
1398.HK
^GSPC
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.
Loading data...
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.
Loading data...
Volatility
1398.HK vs. ^GSPC - Volatility Comparison
Industrial and Commercial Bank of China (1398.HK) has a higher volatility of 4.83% compared to S&P 500 (^GSPC) at 3.37%. 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.
Loading data...