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.
Key characteristics
| 1398.HK | ^HSI | |
|---|---|---|
| YTD Return | 18.59% | 11.24% |
| 1Y Return | 11.41% | -3.95% |
| 3Y Return (Ann) | 4.58% | -12.49% |
| 5Y Return (Ann) | 2.90% | -8.03% |
| 10Y Return (Ann) | 6.18% | -1.67% |
| Sharpe Ratio | 0.84 | -0.21 |
| Daily Std Dev | 20.77% | 23.04% |
| Max Drawdown | -61.25% | -91.54% |
| Current Drawdown | -10.14% | -42.80% |
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
In the year-to-date period, 1398.HK achieves a 18.59% return, which is significantly higher than ^HSI's 11.24% return. Over the past 10 years, 1398.HK has outperformed ^HSI with an annualized return of 6.18%, while ^HSI has yielded a comparatively lower -1.67% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 5.57%, while Hang Seng Index (^HSI) has a volatility of 6.48%. 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.