1398.HK vs. ^HSI
Compare and contrast key facts about Industrial and Commercial Bank of China (1398.HK) and Hang Seng Index (^HSI).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 1398.HK or ^HSI.
Correlation
The correlation between 1398.HK and ^HSI is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
1398.HK vs. ^HSI - Performance Comparison
Key characteristics
1398.HK:
1.83
^HSI:
0.80
1398.HK:
2.66
^HSI:
1.27
1398.HK:
1.31
^HSI:
1.16
1398.HK:
1.43
^HSI:
0.37
1398.HK:
9.99
^HSI:
2.31
1398.HK:
4.25%
^HSI:
8.84%
1398.HK:
23.51%
^HSI:
25.51%
1398.HK:
-61.25%
^HSI:
-91.54%
1398.HK:
-1.22%
^HSI:
-40.52%
Returns By Period
In the year-to-date period, 1398.HK achieves a 36.17% return, which is significantly higher than ^HSI's 15.68% return. Over the past 10 years, 1398.HK has outperformed ^HSI with an annualized return of 5.19%, while ^HSI has yielded a comparatively lower -1.71% annualized return.
1398.HK
36.17%
2.76%
15.08%
41.35%
3.10%
5.19%
^HSI
15.68%
0.08%
9.39%
18.65%
-6.84%
-1.71%
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Risk-Adjusted Performance
1398.HK vs. ^HSI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Industrial and Commercial Bank of China (1398.HK) and Hang Seng Index (^HSI). 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. ^HSI - Drawdown Comparison
The maximum 1398.HK drawdown since its inception was -61.25%, smaller than the maximum ^HSI drawdown of -91.54%. Use the drawdown chart below to compare losses from any high point for 1398.HK and ^HSI. For additional features, visit the drawdowns tool.
Volatility
1398.HK vs. ^HSI - Volatility Comparison
The current volatility for Industrial and Commercial Bank of China (1398.HK) is 5.22%, while Hang Seng Index (^HSI) has a volatility of 5.77%. This indicates that 1398.HK experiences smaller price fluctuations and is considered to be less risky than ^HSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.