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.
Key characteristics
| 9988.HK | ^HSI | |
|---|---|---|
| YTD Return | 6.92% | 2.33% |
| 1Y Return | -9.75% | -4.16% |
| 3Y Return (Ann) | -22.11% | -13.17% |
| Sharpe Ratio | -0.22 | -0.17 |
| Daily Std Dev | 35.10% | 21.64% |
| Max Drawdown | -80.01% | -91.54% |
| Current Drawdown | -73.34% | -47.38% |
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
In the year-to-date period, 9988.HK achieves a 6.92% return, which is significantly higher than ^HSI's 2.33% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 9.02% compared to Hang Seng Index (^HSI) at 4.10%. 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.