1919.HK vs. ^GSPC
1919.HK (COSCO SHIPPING Holdings Co Ltd H) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, 1919.HK returned 35.87%/yr vs 13.21%/yr for ^GSPC. At a 0.10 correlation, their price movements are largely independent.
Performance
1919.HK vs. ^GSPC - Performance Comparison
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Different Trading Currencies
1919.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, 1919.HK achieves a 14.31% return, which is significantly higher than ^GSPC's 9.54% return. Over the past 10 years, 1919.HK has outperformed ^GSPC with an annualized return of 35.87%, while ^GSPC has yielded a comparatively lower 13.21% annualized return.
1919.HK
- 1D
- 1.33%
- 1M
- 13.53%
- 6M
- 18.72%
- YTD
- 14.31%
- 1Y
- 19.22%
- 3Y*
- 36.21%
- 5Y*
- 21.66%
- 10Y*
- 35.87%
- ALL TIME*
- 16.37%
^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%
1919.HK vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
1919.HK COSCO SHIPPING Holdings Co Ltd H | 14.31% | 21.86% | 74.03% | 28.89% | -26.01% | 177.24% | 191.77% | 7.05% | -26.77% | 49.04% |
^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 1919.HK and ^GSPC is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2007 | 0.10 |
The correlation between 1919.HK and ^GSPC shifts across timeframes, from -0.04 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
1919.HK vs. ^GSPC — Risk / Return Rank
1919.HK
^GSPC
1919.HK vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for COSCO SHIPPING Holdings Co Ltd H (1919.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.
| 1919.HK | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.26 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 2.07 | -1.09 |
| Martin ratioReturn relative to average drawdown | 2.16 | 8.96 | -6.80 |
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Drawdowns
1919.HK vs. ^GSPC - Drawdown Comparison
The maximum 1919.HK drawdown since its inception was -94.87%, which is greater than ^GSPC's maximum drawdown of -56.80%. Use the drawdown chart below to compare losses from any high point for 1919.HK and ^GSPC.
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Drawdown Indicators
| 1919.HK | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.87% | -56.80% | -38.07% |
Max Drawdown (1Y)Largest decline over 1 year | -20.06% | -8.77% | -11.29% |
Max Drawdown (3Y)Largest decline over 3 years | -36.17% | -18.97% | -17.20% |
Max Drawdown (5Y)Largest decline over 5 years | -46.52% | -24.92% | -21.60% |
Max Drawdown (10Y)Largest decline over 10 years | -65.01% | -34.06% | -30.95% |
Current DrawdownCurrent decline from peak | -3.51% | -2.14% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -64.13% | -9.26% | -54.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.03% | 2.03% | +7.00% |
Volatility
1919.HK vs. ^GSPC - Volatility Comparison
COSCO SHIPPING Holdings Co Ltd H (1919.HK) has a higher volatility of 7.62% compared to S&P 500 Index (^GSPC) at 3.14%. This indicates that 1919.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
| 1919.HK | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 3.14% | +4.48% |
Volatility (6M)Calculated over the trailing 6-month period | 21.48% | 10.04% | +11.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.46% | 12.61% | +14.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.03% | 16.97% | +24.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.42% | 18.03% | +30.39% |
Frequently Asked Questions
1919.HK and ^GSPC have a correlation of -0.04, 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 1919.HK and ^GSPC
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