1816.HK vs. ^GSPC
1816.HK (CGN Power) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, 1816.HK returned 6.71%/yr vs 13.21%/yr for ^GSPC. At a 0.06 correlation, their price movements are largely independent.
Performance
1816.HK vs. ^GSPC - Performance Comparison
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Different Trading Currencies
1816.HK is traded in HKD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to HKD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 1816.HK achieves a 1.35% return, which is significantly lower than ^GSPC's 9.54% return. Over the past 10 years, 1816.HK has underperformed ^GSPC with an annualized return of 6.71%, while ^GSPC has yielded a comparatively higher 13.21% annualized return.
1816.HK
- 1D
- 5.49%
- 1M
- 0.35%
- 6M
- -5.13%
- YTD
- 1.35%
- 1Y
- 4.19%
- 3Y*
- 19.17%
- 5Y*
- 16.01%
- 10Y*
- 6.71%
- ALL TIME*
- 2.16%
^GSPC
- 1D
- -0.18%
- 1M
- -0.72%
- 6M
- 7.84%
- YTD
- 9.54%
- 1Y
- 18.11%
- 3Y*
- 18.06%
- 5Y*
- 11.49%
- 10Y*
- 13.21%
- ALL TIME*
- 9.15%
1816.HK vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
1816.HK CGN Power | 1.35% | 7.04% | 44.53% | 15.25% | -17.57% | 49.92% | -15.94% | 16.35% | -8.90% | 2.08% |
^GSPC S&P 500 Index | 9.54% | 16.61% | 22.67% | 24.22% | -19.31% | 27.58% | 15.74% | 28.20% | -6.03% | 20.34% |
Correlation
The correlation between 1816.HK and ^GSPC is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2014 | 0.06 |
The correlation between 1816.HK and ^GSPC shifts across timeframes, from -0.10 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
1816.HK vs. ^GSPC — Risk / Return Rank
1816.HK
^GSPC
1816.HK vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CGN Power (1816.HK) and S&P 500 Index (^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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 1816.HK | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.26 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 2.07 | -1.91 |
| Martin ratioReturn relative to average drawdown | 0.42 | 8.96 | -8.54 |
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Drawdowns
1816.HK vs. ^GSPC - Drawdown Comparison
The maximum 1816.HK drawdown since its inception was -68.29%, which is greater than ^GSPC's maximum drawdown of -56.80%. Use the drawdown chart below to compare losses from any high point for 1816.HK and ^GSPC.
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Drawdown Indicators
| 1816.HK | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.29% | -56.80% | -11.49% |
Max Drawdown (1Y)Largest decline over 1 year | -26.94% | -8.77% | -18.17% |
Max Drawdown (3Y)Largest decline over 3 years | -35.46% | -18.97% | -16.49% |
Max Drawdown (5Y)Largest decline over 5 years | -35.46% | -24.92% | -10.54% |
Max Drawdown (10Y)Largest decline over 10 years | -35.46% | -34.06% | -1.40% |
Current DrawdownCurrent decline from peak | -20.60% | -2.14% | -18.46% |
Average DrawdownAverage peak-to-trough decline | -46.62% | -9.26% | -37.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.05% | 2.03% | +8.02% |
Volatility
1816.HK vs. ^GSPC - Volatility Comparison
CGN Power (1816.HK) has a higher volatility of 7.99% compared to S&P 500 Index (^GSPC) at 3.14%. This indicates that 1816.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.
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Volatility by Period
| 1816.HK | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.99% | 3.14% | +4.85% |
Volatility (6M)Calculated over the trailing 6-month period | 20.16% | 10.04% | +10.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.51% | 12.61% | +13.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.36% | 16.97% | +13.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.53% | 18.03% | +8.50% |
Frequently Asked Questions
1816.HK and ^GSPC have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for 1816.HK and ^GSPC
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