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.
Performance
9988.HK vs. ^HSI - Performance Comparison
Returns By Period
In the year-to-date period, 9988.HK achieves a 15.63% return, which is significantly higher than ^HSI's 14.78% return.
9988.HK
15.63%
-14.13%
2.42%
20.99%
N/A
N/A
^HSI
14.78%
-5.95%
-0.35%
12.10%
-6.31%
-1.83%
Key characteristics
| 9988.HK | ^HSI | |
|---|---|---|
| Sharpe Ratio | 0.19 | 0.46 |
| Sortino Ratio | 0.56 | 0.82 |
| Omega Ratio | 1.07 | 1.10 |
| Calmar Ratio | 0.09 | 0.21 |
| Martin Ratio | 0.62 | 1.26 |
| Ulcer Index | 12.01% | 9.34% |
| Daily Std Dev | 37.48% | 25.54% |
| Max Drawdown | -80.01% | -91.54% |
| Current Drawdown | -71.17% | -40.98% |
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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.
Risk-Adjusted Performance
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 8.49% compared to Hang Seng Index (^HSI) at 6.24%. 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.