2318.HK vs. SPY
Compare and contrast key facts about Ping An Insurance (2318.HK) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 2318.HK or SPY.
Correlation
The correlation between 2318.HK and SPY is 0.15, 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
2318.HK vs. SPY - Performance Comparison
Key characteristics
2318.HK:
1.00
SPY:
2.12
2318.HK:
1.66
SPY:
2.83
2318.HK:
1.21
SPY:
1.40
2318.HK:
0.68
SPY:
3.15
2318.HK:
2.96
SPY:
13.87
2318.HK:
15.31%
SPY:
1.91%
2318.HK:
45.52%
SPY:
12.51%
2318.HK:
-79.20%
SPY:
-55.19%
2318.HK:
-43.85%
SPY:
-1.78%
Returns By Period
In the year-to-date period, 2318.HK achieves a 40.58% return, which is significantly higher than SPY's 26.79% return. Over the past 10 years, 2318.HK has underperformed SPY with an annualized return of 5.47%, while SPY has yielded a comparatively higher 13.08% annualized return.
2318.HK
40.58%
1.09%
34.68%
40.98%
-8.51%
5.47%
SPY
26.79%
-0.30%
10.04%
26.42%
14.75%
13.08%
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Risk-Adjusted Performance
2318.HK vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ping An Insurance (2318.HK) and SPDR S&P 500 ETF (SPY). 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.
Dividends
2318.HK vs. SPY - Dividend Comparison
2318.HK's dividend yield for the trailing twelve months is around 5.75%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
2318.HK Ping An Insurance | 5.75% | 7.68% | 5.55% | 4.86% | 2.44% | 2.30% | 2.80% | 1.50% | 1.67% | 1.98% | 1.11% | 0.90% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
2318.HK vs. SPY - Drawdown Comparison
The maximum 2318.HK drawdown since its inception was -79.20%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for 2318.HK and SPY. For additional features, visit the drawdowns tool.
Volatility
2318.HK vs. SPY - Volatility Comparison
Ping An Insurance (2318.HK) has a higher volatility of 7.69% compared to SPDR S&P 500 ETF (SPY) at 4.06%. This indicates that 2318.HK's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.