2388.HK vs. ^HSI
2388.HK (BOC Hong Kong Holdings Ltd) is a stock, while ^HSI (Hang Seng Index) is an index. Over the past 10 years, 2388.HK returned 12.23%/yr vs 1.12%/yr for ^HSI. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
2388.HK vs. ^HSI - Performance Comparison
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Returns By Period
In the year-to-date period, 2388.HK achieves a 23.64% return, which is significantly higher than ^HSI's -4.17% return. Over the past 10 years, 2388.HK has outperformed ^HSI with an annualized return of 12.23%, while ^HSI has yielded a comparatively lower 1.12% annualized return.
2388.HK
- 1D
- 1.29%
- 1M
- 0.61%
- 6M
- 22.34%
- YTD
- 23.64%
- 1Y
- 33.34%
- 3Y*
- 35.04%
- 5Y*
- 20.42%
- 10Y*
- 12.23%
- ALL TIME*
- 10.02%
^HSI
- 1D
- 0.00%
- 1M
- 2.66%
- 6M
- -7.54%
- YTD
- -4.17%
- 1Y
- -1.06%
- 3Y*
- 8.79%
- 5Y*
- -2.04%
- 10Y*
- 1.12%
- ALL TIME*
- 5.88%
2388.HK vs. ^HSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
2388.HK BOC Hong Kong Holdings Ltd | 23.64% | 68.39% | 26.90% | -15.14% | 8.28% | 13.99% | -7.53% | -2.46% | -25.40% | 47.09% |
^HSI Hang Seng Index | -4.17% | 27.77% | 17.67% | -13.82% | -15.46% | -14.08% | -3.40% | 9.07% | -13.61% | 35.99% |
Correlation
The correlation between 2388.HK and ^HSI is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2006 | 0.60 |
The correlation between 2388.HK and ^HSI has been stable across timeframes, ranging from 0.50 to 0.60 - a consistent structural relationship.
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Return for Risk
2388.HK vs. ^HSI — Risk / Return Rank
2388.HK
^HSI
2388.HK vs. ^HSI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BOC Hong Kong Holdings Ltd (2388.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.
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.
| 2388.HK | ^HSI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.56 | ||
| Sortino ratioReturn per unit of downside risk | +2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.01 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | -0.06 | +3.15 |
| Martin ratioReturn relative to average drawdown | 8.47 | -0.15 | +8.63 |
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Drawdowns
2388.HK vs. ^HSI - Drawdown Comparison
The maximum 2388.HK drawdown since its inception was -71.91%, which is greater than ^HSI's maximum drawdown of -65.18%. Use the drawdown chart below to compare losses from any high point for 2388.HK and ^HSI.
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Drawdown Indicators
| 2388.HK | ^HSI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.91% | -65.18% | -6.73% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -18.94% | +7.82% |
Max Drawdown (3Y)Largest decline over 3 years | -22.36% | -25.49% | +3.13% |
Max Drawdown (5Y)Largest decline over 5 years | -38.53% | -47.02% | +8.49% |
Max Drawdown (10Y)Largest decline over 10 years | -48.14% | -55.70% | +7.56% |
Current DrawdownCurrent decline from peak | -1.03% | -25.91% | +24.88% |
Average DrawdownAverage peak-to-trough decline | -18.30% | -24.80% | +6.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 7.07% | -3.06% |
Volatility
2388.HK vs. ^HSI - Volatility Comparison
BOC Hong Kong Holdings Ltd (2388.HK) has a higher volatility of 7.80% compared to Hang Seng Index (^HSI) at 6.06%. This indicates that 2388.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.
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Volatility by Period
| 2388.HK | ^HSI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.80% | 6.06% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 16.81% | 14.28% | +2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.02% | 19.01% | +4.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.58% | 25.37% | -2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.19% | 21.96% | +0.23% |
Frequently Asked Questions
2388.HK and ^HSI have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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