2362.HK vs. ^HSI
Compare and contrast key facts about Jinchuan Group International Resources Co Ltd (2362.HK) and Hang Seng Index (^HSI).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 2362.HK or ^HSI.
Key characteristics
| 2362.HK | ^HSI | |
|---|---|---|
| YTD Return | 29.23% | 11.24% |
| 1Y Return | 56.31% | -3.95% |
| 3Y Return (Ann) | -13.39% | -12.49% |
| 5Y Return (Ann) | 4.34% | -8.03% |
| 10Y Return (Ann) | -1.24% | -1.67% |
| Sharpe Ratio | 1.08 | -0.21 |
| Daily Std Dev | 57.64% | 23.04% |
| Max Drawdown | -98.04% | -91.54% |
| Current Drawdown | -88.10% | -42.80% |
Correlation
The correlation between 2362.HK and ^HSI is 0.23, 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
2362.HK vs. ^HSI - Performance Comparison
In the year-to-date period, 2362.HK achieves a 29.23% return, which is significantly higher than ^HSI's 11.24% return. Over the past 10 years, 2362.HK has outperformed ^HSI with an annualized return of -1.24%, 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.
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Risk-Adjusted Performance
2362.HK vs. ^HSI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Jinchuan Group International Resources Co Ltd (2362.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
2362.HK vs. ^HSI - Drawdown Comparison
The maximum 2362.HK drawdown since its inception was -98.04%, which is greater than ^HSI's maximum drawdown of -91.54%. Use the drawdown chart below to compare losses from any high point for 2362.HK and ^HSI. For additional features, visit the drawdowns tool.
Volatility
2362.HK vs. ^HSI - Volatility Comparison
Jinchuan Group International Resources Co Ltd (2362.HK) has a higher volatility of 15.52% compared to Hang Seng Index (^HSI) at 6.48%. This indicates that 2362.HK's price experiences larger fluctuations and is considered to be riskier than ^HSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.