9988.HK vs. ^HSI
Compare and contrast key facts about Alibaba Group Holding Ltd (9988.HK) and Hang Seng Index (^HSI).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 9988.HK or ^HSI.
Correlation
The correlation between 9988.HK and ^HSI is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
9988.HK vs. ^HSI - Performance Comparison
Key characteristics
9988.HK:
1.34
^HSI:
1.36
9988.HK:
2.05
^HSI:
1.95
9988.HK:
1.24
^HSI:
1.25
9988.HK:
0.66
^HSI:
0.63
9988.HK:
3.41
^HSI:
3.47
9988.HK:
15.01%
^HSI:
9.70%
9988.HK:
37.48%
^HSI:
24.73%
9988.HK:
-80.01%
^HSI:
-91.54%
9988.HK:
-67.38%
^HSI:
-38.10%
Returns By Period
In the year-to-date period, 9988.HK achieves a 17.86% return, which is significantly higher than ^HSI's 2.31% return.
9988.HK
17.86%
18.22%
29.77%
40.00%
-14.69%
N/A
^HSI
2.31%
3.86%
23.28%
32.32%
-5.82%
-1.87%
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Risk-Adjusted Performance
9988.HK vs. ^HSI — Risk-Adjusted Performance Rank
9988.HK
^HSI
9988.HK vs. ^HSI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alibaba Group Holding Ltd (9988.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
9988.HK vs. ^HSI - Drawdown Comparison
The maximum 9988.HK drawdown since its inception was -80.01%, smaller than the maximum ^HSI drawdown of -91.54%. Use the drawdown chart below to compare losses from any high point for 9988.HK and ^HSI. For additional features, visit the drawdowns tool.
Volatility
9988.HK vs. ^HSI - Volatility Comparison
Alibaba Group Holding Ltd (9988.HK) has a higher volatility of 10.26% compared to Hang Seng Index (^HSI) at 5.62%. This indicates that 9988.HK's price experiences larger fluctuations and is considered to be riskier than ^HSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.