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 0.16, 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. ^HSI - Performance Comparison
Key characteristics
1398.HK:
1.65
^HSI:
0.88
1398.HK:
2.47
^HSI:
1.53
1398.HK:
1.32
^HSI:
1.24
1398.HK:
2.56
^HSI:
0.65
1398.HK:
9.68
^HSI:
3.09
1398.HK:
4.68%
^HSI:
10.47%
1398.HK:
25.46%
^HSI:
28.80%
1398.HK:
-61.25%
^HSI:
-91.54%
1398.HK:
-5.57%
^HSI:
-31.30%
Returns By Period
In the year-to-date period, 1398.HK achieves a 7.02% return, which is significantly lower than ^HSI's 13.54% return. Over the past 10 years, 1398.HK has outperformed ^HSI with an annualized return of 4.89%, while ^HSI has yielded a comparatively lower -1.99% annualized return.
1398.HK
7.02%
8.18%
14.00%
40.23%
9.72%
4.89%
^HSI
13.54%
13.16%
8.70%
24.36%
-1.26%
-1.99%
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Risk-Adjusted Performance
1398.HK vs. ^HSI — Risk-Adjusted Performance Rank
1398.HK
^HSI
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 9.92%, while Hang Seng Index (^HSI) has a volatility of 15.62%. 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.