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.
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.
Performance
1398.HK vs. ^NDX - Performance Comparison
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Key characteristics
1398.HK:
1.78
^NDX:
0.59
1398.HK:
1.97
^NDX:
0.89
1398.HK:
1.25
^NDX:
1.12
1398.HK:
2.38
^NDX:
0.57
1398.HK:
7.20
^NDX:
1.85
1398.HK:
4.72%
^NDX:
7.08%
1398.HK:
24.39%
^NDX:
25.69%
1398.HK:
-61.25%
^NDX:
-82.90%
1398.HK:
-0.52%
^NDX:
-3.76%
Returns By Period
In the year-to-date period, 1398.HK achieves a 12.74% return, which is significantly higher than ^NDX's 1.56% return. Over the past 10 years, 1398.HK has underperformed ^NDX with an annualized return of 5.01%, while ^NDX has yielded a comparatively higher 16.82% annualized return.
1398.HK
12.74%
7.33%
29.06%
41.79%
16.68%
11.09%
5.01%
^NDX
1.56%
9.04%
1.96%
15.12%
19.07%
17.43%
16.82%
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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.
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Volatility
1398.HK vs. ^NDX - Volatility Comparison
The current volatility for Industrial and Commercial Bank of China (1398.HK) is 4.25%, while NASDAQ 100 (^NDX) has a volatility of 5.59%. 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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