1398.HK vs. SPY
Compare and contrast key facts about Industrial and Commercial Bank of China (1398.HK) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 1398.HK or SPY.
Key characteristics
| 1398.HK | SPY | |
|---|---|---|
| YTD Return | 22.38% | 20.89% |
| 1Y Return | 23.02% | 31.53% |
| 3Y Return (Ann) | 9.71% | 11.11% |
| 5Y Return (Ann) | 3.48% | 15.61% |
| 10Y Return (Ann) | 5.02% | 13.08% |
| Sharpe Ratio | 1.13 | 2.39 |
| Daily Std Dev | 21.92% | 12.70% |
| Max Drawdown | -61.25% | -55.19% |
| Current Drawdown | -9.00% | 0.00% |
Correlation
The correlation between 1398.HK and SPY is 0.16, 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. SPY - Performance Comparison
In the year-to-date period, 1398.HK achieves a 22.38% return, which is significantly higher than SPY's 20.89% return. Over the past 10 years, 1398.HK has underperformed SPY with an annualized return of 5.02%, while SPY has yielded a comparatively higher 13.08% 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. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Industrial and Commercial Bank of China (1398.HK) and SPDR S&P 500 ETF (SPY). 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.
Dividends
1398.HK vs. SPY - Dividend Comparison
1398.HK's dividend yield for the trailing twelve months is around 7.72%, more than SPY's 0.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
1398.HK Industrial and Commercial Bank of China | 7.72% | 8.62% | 8.54% | 7.27% | 5.74% | 4.75% | 5.19% | 4.25% | 5.92% | 6.92% | 5.82% | 5.78% |
SPY SPDR S&P 500 ETF | 0.92% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
1398.HK vs. SPY - Drawdown Comparison
The maximum 1398.HK drawdown since its inception was -61.25%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for 1398.HK and SPY. For additional features, visit the drawdowns tool.
Volatility
1398.HK vs. SPY - Volatility Comparison
Industrial and Commercial Bank of China (1398.HK) has a higher volatility of 6.86% compared to SPDR S&P 500 ETF (SPY) at 4.18%. This indicates that 1398.HK's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.