6823.HK vs. ^HSI

Last updated Jul 21, 2026

6823.HK (HKT Trust) is a stock, while ^HSI (Hang Seng Index) is an index. Over the past 10 years, 6823.HK returned 6.96%/yr vs 1.12%/yr for ^HSI. At a 0.23 correlation, their price movements are largely independent.

Performance

6823.HK vs. ^HSI - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in HKT Trust (6823.HK) and Hang Seng Index (^HSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 6823.HK achieves a 11.10% return, which is significantly higher than ^HSI's -4.17% return. Over the past 10 years, 6823.HK has outperformed ^HSI with an annualized return of 6.96%, while ^HSI has yielded a comparatively lower 1.12% annualized return.

6823.HK

• 1D: 0.16%
• 1M: 2.67%
• 6M: 11.00%
• YTD: 11.10%
• 1Y: 4.73%
• 3Y*: 18.15%
• 5Y*: 10.65%
• 10Y*: 6.96%
• ALL TIME*: 13.94%

^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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

6823.HK vs. ^HSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
6823.HK HKT Trust	11.10%	28.26%	12.01%	5.55%	-2.32%	11.21%	-2.90%	2.96%	20.82%	11.36%
^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 6823.HK and ^HSI is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since Nov 29, 2011	0.23

Return for Risk

6823.HK vs. ^HSI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

6823.HK

6823.HK Risk / Return Rank: 54
6823.HK Sharpe Ratio Rank: 59
6823.HK Sortino Ratio Rank: 50
6823.HK Omega Ratio Rank: 49
6823.HK Calmar Ratio Rank: 57
6823.HK Martin Ratio Rank: 57

^HSI

^HSI Risk / Return Rank: 3
^HSI Sharpe Ratio Rank: 3
^HSI Sortino Ratio Rank: 3
^HSI Omega Ratio Rank: 3
^HSI Calmar Ratio Rank: 3
^HSI Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

6823.HK vs. ^HSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HKT Trust (6823.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.

	6823.HK	^HSI	Difference
Sharpe ratio: Return per unit of total volatility	0.37	-0.06	+0.43
Sortino ratio: Return per unit of downside risk	0.60	0.05	+0.55
Omega ratio: Gain probability vs. loss probability	1.07	1.01	+0.07
Calmar ratio: Return relative to maximum drawdown	0.43	-0.06	+0.49
Martin ratio: Return relative to average drawdown	0.89	-0.15	+1.05

6823.HK vs. ^HSI - Sharpe Ratio Comparison

The current 6823.HK Sharpe Ratio is 0.37, which is higher than the ^HSI Sharpe Ratio of -0.06. The chart below compares the historical Sharpe Ratios of 6823.HK and ^HSI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

6823.HK vs. ^HSI - Drawdown Comparison

The maximum 6823.HK drawdown since its inception was -27.58%, smaller than the maximum ^HSI drawdown of -65.18%. Use the drawdown chart below to compare losses from any high point for 6823.HK and ^HSI.

Drawdown Indicators

	6823.HK	^HSI	Difference
Max Drawdown Largest peak-to-trough decline	-27.58%	-65.18%	+37.60%
Max Drawdown (1Y) Largest decline over 1 year	-11.27%	-18.94%	+7.67%
Max Drawdown (3Y) Largest decline over 3 years	-11.76%	-25.49%	+13.73%
Max Drawdown (5Y) Largest decline over 5 years	-21.99%	-47.02%	+25.03%
Max Drawdown (10Y) Largest decline over 10 years	-26.70%	-55.70%	+29.00%
Current Drawdown Current decline from peak	0.00%	-25.91%	+25.91%
Average Drawdown Average peak-to-trough decline	-7.19%	-24.80%	+17.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.38%	7.07%	-1.69%

Volatility

6823.HK vs. ^HSI - Volatility Comparison

The current volatility for HKT Trust (6823.HK) is 4.40%, while Hang Seng Index (^HSI) has a volatility of 6.06%. This indicates that 6823.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.

Volatility by Period

	6823.HK	^HSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.40%	6.06%	-1.66%
Volatility (6M) Calculated over the trailing 6-month period	8.14%	14.28%	-6.14%
Volatility (1Y) Calculated over the trailing 1-year period	13.20%	19.01%	-5.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.84%	25.37%	-10.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.63%	21.96%	-5.33%

Frequently Asked Questions

Can I hold both 6823.HK and ^HSI in my portfolio?

6823.HK and ^HSI have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.