1398.HK vs. ^NDX
Compare and contrast key facts about Industrial and Commercial Bank of China (1398.HK) and NASDAQ 100 (^NDX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 1398.HK or ^NDX.
Correlation
The correlation between 1398.HK and ^NDX 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. ^NDX - Performance Comparison
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Key characteristics
1398.HK:
1.35
^NDX:
0.57
1398.HK:
2.45
^NDX:
1.00
1398.HK:
1.31
^NDX:
1.14
1398.HK:
3.00
^NDX:
0.66
1398.HK:
9.48
^NDX:
2.15
1398.HK:
4.72%
^NDX:
7.05%
1398.HK:
24.54%
^NDX:
25.56%
1398.HK:
-61.25%
^NDX:
-82.90%
1398.HK:
-2.09%
^NDX:
-3.64%
Returns By Period
In the year-to-date period, 1398.HK achieves a 10.96% return, which is significantly higher than ^NDX's 1.69% return. Over the past 10 years, 1398.HK has underperformed ^NDX with an annualized return of 4.81%, while ^NDX has yielded a comparatively higher 16.79% annualized return.
1398.HK
10.96%
5.05%
22.20%
31.88%
16.56%
10.48%
4.81%
^NDX
1.69%
17.03%
3.30%
14.42%
21.76%
17.90%
16.79%
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Risk-Adjusted Performance
1398.HK vs. ^NDX — Risk-Adjusted Performance Rank
1398.HK
^NDX
1398.HK vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Industrial and Commercial Bank of China (1398.HK) and NASDAQ 100 (^NDX). 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.
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Drawdowns
1398.HK vs. ^NDX - Drawdown Comparison
The maximum 1398.HK drawdown since its inception was -61.25%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for 1398.HK and ^NDX. For additional features, visit the drawdowns tool.
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Volatility
1398.HK vs. ^NDX - Volatility Comparison
The current volatility for Industrial and Commercial Bank of China (1398.HK) is 4.70%, while NASDAQ 100 (^NDX) has a volatility of 5.61%. This indicates that 1398.HK experiences smaller price fluctuations and is considered to be less risky than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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