2388.HK vs. ^HSI
Compare and contrast key facts about BOC Hong Kong Holdings Ltd (2388.HK) and Hang Seng Index (^HSI).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 2388.HK or ^HSI.
Key characteristics
| 2388.HK | ^HSI | |
|---|---|---|
| YTD Return | 14.39% | 8.38% |
| 1Y Return | 6.04% | -7.38% |
| 3Y Return (Ann) | 0.78% | -13.83% |
| 5Y Return (Ann) | -2.63% | -9.49% |
| 10Y Return (Ann) | 5.52% | -1.76% |
| Sharpe Ratio | 0.23 | -0.33 |
| Daily Std Dev | 21.96% | 23.04% |
| Max Drawdown | -71.85% | -91.54% |
| Current Drawdown | -22.20% | -44.27% |
Correlation
The correlation between 2388.HK and ^HSI is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
2388.HK vs. ^HSI - Performance Comparison
In the year-to-date period, 2388.HK achieves a 14.39% return, which is significantly higher than ^HSI's 8.38% return. Over the past 10 years, 2388.HK has outperformed ^HSI with an annualized return of 5.52%, while ^HSI has yielded a comparatively lower -1.76% 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
2388.HK vs. ^HSI - Risk-Adjusted Performance 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.
Drawdowns
2388.HK vs. ^HSI - Drawdown Comparison
The maximum 2388.HK drawdown since its inception was -71.85%, smaller than the maximum ^HSI drawdown of -91.54%. Use the drawdown chart below to compare losses from any high point for 2388.HK and ^HSI. For additional features, visit the drawdowns tool.
Volatility
2388.HK vs. ^HSI - Volatility Comparison
The current volatility for BOC Hong Kong Holdings Ltd (2388.HK) is 4.98%, while Hang Seng Index (^HSI) has a volatility of 6.32%. This indicates that 2388.HK experiences smaller price fluctuations and is considered to be less risky than ^HSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.