6823.HK vs. ^HSI

Last updated Jun 5, 2026

6823.HK (HKT Trust) is a stock, while ^HSI (Hang Seng Index) is an index. Over the past 10 years, 6823.HK returned 7.58%/yr vs 1.85%/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 9.11% return, which is significantly higher than ^HSI's -1.47% return. Over the past 10 years, 6823.HK has outperformed ^HSI with an annualized return of 7.58%, while ^HSI has yielded a comparatively lower 1.85% annualized return.

6823.HK

• 1D: -0.66%
• 1M: -0.33%
• YTD: 9.11%
• 6M: 7.15%
• 1Y: 12.94%
• 3Y*: 16.34%
• 5Y*: 10.88%
• 10Y*: 7.58%

^HSI

• 1D: -1.48%
• 1M: -2.49%
• YTD: -1.47%
• 6M: -2.63%
• 1Y: 6.76%
• 3Y*: 9.74%
• 5Y*: -2.67%
• 10Y*: 1.85%

*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	9.11%	28.26%	12.01%	5.55%	-2.32%	11.21%	-2.90%	2.96%	20.82%	11.36%
^HSI Hang Seng Index	-1.47%	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 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since Nov 30, 2011	0.23

The correlation between 6823.HK and ^HSI shifts across timeframes, from 0.12 (1 year) to 0.25 (5 years), reflecting how their relationship changes across market environments.

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: 65
6823.HK Sharpe Ratio Rank: 71
6823.HK Sortino Ratio Rank: 64
6823.HK Omega Ratio Rank: 62
6823.HK Calmar Ratio Rank: 64
6823.HK Martin Ratio Rank: 63

^HSI

^HSI Risk / Return Rank: 27
^HSI Sharpe Ratio Rank: 27
^HSI Sortino Ratio Rank: 26
^HSI Omega Ratio Rank: 25
^HSI Calmar Ratio Rank: 28
^HSI Martin Ratio Rank: 29

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.

	6823.HK	^HSI	Difference
Sharpe ratio: Return per unit of total volatility	1.00	0.37	+0.62
Sortino ratio: Return per unit of downside risk	1.46	0.67	+0.79
Omega ratio: Gain probability vs. loss probability	1.18	1.07	+0.11
Calmar ratio: Return relative to maximum drawdown	1.16	0.54	+0.62
Martin ratio: Return relative to average drawdown	2.45	1.35	+1.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

6823.HK vs. ^HSI - Sharpe Ratio Comparison

The current 6823.HK Sharpe Ratio is 1.00, which is higher than the ^HSI Sharpe Ratio of 0.37. 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.

Sharpe Ratios by Period

	6823.HK	^HSI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	0.37	+0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	-0.11	+0.87
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.09	+0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.27	+0.46

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%	-12.82%	+1.55%
Max Drawdown (3Y) Largest decline over 3 years	-13.87%	-25.49%	+11.62%
Max Drawdown (5Y) Largest decline over 5 years	-21.99%	-49.85%	+27.86%
Max Drawdown (10Y) Largest decline over 10 years	-26.70%	-55.70%	+29.00%
Current Drawdown Current decline from peak	-1.50%	-23.83%	+22.33%
Average Drawdown Average peak-to-trough decline	-7.23%	-24.17%	+16.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.28%	5.09%	+0.19%

Volatility

6823.HK vs. ^HSI - Volatility Comparison

The current volatility for HKT Trust (6823.HK) is 3.63%, while Hang Seng Index (^HSI) has a volatility of 5.18%. 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	3.63%	5.18%	-1.55%
Volatility (6M) Calculated over the trailing 6-month period	7.84%	13.70%	-5.86%
Volatility (1Y) Calculated over the trailing 1-year period	13.16%	18.52%	-5.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.77%	25.32%	-10.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.74%	21.96%	-5.22%

Frequently Asked Questions

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

6823.HK and ^HSI have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.