2600.HK vs. ^GSPC
2600.HK (Aluminum Corp of China Ltd) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, 2600.HK returned 13.50%/yr vs 13.21%/yr for ^GSPC. At a 0.14 correlation, their price movements are largely independent.
Performance
2600.HK vs. ^GSPC - Performance Comparison
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Different Trading Currencies
2600.HK is traded in HKD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to HKD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 2600.HK achieves a -33.06% return, which is significantly lower than ^GSPC's 9.54% return. Both investments have delivered pretty close results over the past 10 years, with 2600.HK having a 13.50% annualized return and ^GSPC not far behind at 13.21%.
2600.HK
- 1D
- 4.73%
- 1M
- -4.72%
- 6M
- -37.14%
- YTD
- -33.06%
- 1Y
- 37.36%
- 3Y*
- 35.92%
- 5Y*
- 14.00%
- 10Y*
- 13.50%
- ALL TIME*
- 0.65%
^GSPC
- 1D
- 0.00%
- 1M
- -0.72%
- 6M
- 10.10%
- YTD
- 9.54%
- 1Y
- 17.91%
- 3Y*
- 18.06%
- 5Y*
- 11.45%
- 10Y*
- 13.21%
- ALL TIME*
- 9.15%
2600.HK vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
2600.HK Aluminum Corp of China Ltd | -33.06% | 184.17% | 19.15% | 18.82% | -22.05% | 57.30% | 2.62% | 5.95% | -54.92% | 74.69% |
^GSPC S&P 500 Index | 9.54% | 16.61% | 22.67% | 24.22% | -19.31% | 27.58% | 15.74% | 28.20% | -6.03% | 20.34% |
Correlation
The correlation between 2600.HK and ^GSPC is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2007 | 0.14 |
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Return for Risk
2600.HK vs. ^GSPC — Risk / Return Rank
2600.HK
^GSPC
2600.HK vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aluminum Corp of China Ltd (2600.HK) and S&P 500 Index (^GSPC). 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.
| 2600.HK | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.26 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 2.05 | -1.10 |
| Martin ratioReturn relative to average drawdown | 2.41 | 8.84 | -6.43 |
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Drawdowns
2600.HK vs. ^GSPC - Drawdown Comparison
The maximum 2600.HK drawdown since its inception was -94.16%, which is greater than ^GSPC's maximum drawdown of -56.80%. Use the drawdown chart below to compare losses from any high point for 2600.HK and ^GSPC.
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Drawdown Indicators
| 2600.HK | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.16% | -56.80% | -37.36% |
Max Drawdown (1Y)Largest decline over 1 year | -49.98% | -8.77% | -41.21% |
Max Drawdown (3Y)Largest decline over 3 years | -49.98% | -18.97% | -31.01% |
Max Drawdown (5Y)Largest decline over 5 years | -68.70% | -24.92% | -43.78% |
Max Drawdown (10Y)Largest decline over 10 years | -80.41% | -34.06% | -46.35% |
Current DrawdownCurrent decline from peak | -63.03% | -2.14% | -60.89% |
Average DrawdownAverage peak-to-trough decline | -75.00% | -9.26% | -65.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.41% | 2.03% | +17.38% |
Volatility
2600.HK vs. ^GSPC - Volatility Comparison
Aluminum Corp of China Ltd (2600.HK) has a higher volatility of 15.79% compared to S&P 500 Index (^GSPC) at 2.92%. This indicates that 2600.HK's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 2600.HK | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.79% | 2.92% | +12.87% |
Volatility (6M)Calculated over the trailing 6-month period | 40.85% | 10.04% | +30.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.08% | 12.59% | +41.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.28% | 16.97% | +33.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.26% | 18.03% | +31.23% |
Frequently Asked Questions
2600.HK and ^GSPC have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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