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.
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
Key characteristics
1398.HK:
1.83
^GSPC:
2.10
1398.HK:
2.66
^GSPC:
2.80
1398.HK:
1.31
^GSPC:
1.39
1398.HK:
1.43
^GSPC:
3.09
1398.HK:
9.99
^GSPC:
13.49
1398.HK:
4.25%
^GSPC:
1.94%
1398.HK:
23.51%
^GSPC:
12.52%
1398.HK:
-61.25%
^GSPC:
-56.78%
1398.HK:
-1.22%
^GSPC:
-2.62%
Returns By Period
In the year-to-date period, 1398.HK achieves a 36.17% return, which is significantly higher than ^GSPC's 24.34% return. Over the past 10 years, 1398.HK has underperformed ^GSPC with an annualized return of 5.19%, while ^GSPC has yielded a comparatively higher 11.06% annualized return.
1398.HK
36.17%
2.76%
15.08%
41.35%
3.10%
5.19%
^GSPC
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
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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 5.22% compared to S&P 500 (^GSPC) at 3.75%. 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.