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.
Correlation
The correlation between 2388.HK and ^HSI is 0.11, 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
2388.HK vs. ^HSI - Performance Comparison
Key characteristics
2388.HK:
2.03
^HSI:
0.88
2388.HK:
2.85
^HSI:
1.53
2388.HK:
1.40
^HSI:
1.24
2388.HK:
1.80
^HSI:
0.65
2388.HK:
10.37
^HSI:
3.09
2388.HK:
4.60%
^HSI:
10.47%
2388.HK:
22.43%
^HSI:
28.80%
2388.HK:
-71.85%
^HSI:
-91.54%
2388.HK:
-1.99%
^HSI:
-31.30%
Returns By Period
In the year-to-date period, 2388.HK achieves a 28.46% return, which is significantly higher than ^HSI's 13.54% return. Over the past 10 years, 2388.HK has outperformed ^HSI with an annualized return of 5.82%, while ^HSI has yielded a comparatively lower -1.99% annualized return.
2388.HK
28.46%
11.28%
22.56%
43.69%
12.54%
5.82%
^HSI
13.54%
13.16%
8.70%
24.36%
-1.26%
-1.99%
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Risk-Adjusted Performance
2388.HK vs. ^HSI — Risk-Adjusted Performance Rank
2388.HK
^HSI
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 11.32%, while Hang Seng Index (^HSI) has a volatility of 15.62%. 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.