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:
0.46
^HSI:
0.80
9988.HK:
0.95
^HSI:
1.27
9988.HK:
1.11
^HSI:
1.16
9988.HK:
0.22
^HSI:
0.37
9988.HK:
1.41
^HSI:
2.31
9988.HK:
12.30%
^HSI:
8.84%
9988.HK:
37.83%
^HSI:
25.51%
9988.HK:
-80.01%
^HSI:
-91.54%
9988.HK:
-73.24%
^HSI:
-40.52%
Returns By Period
In the year-to-date period, 9988.HK achieves a 7.32% return, which is significantly lower than ^HSI's 15.68% return.
9988.HK
7.32%
-5.49%
11.25%
10.61%
-17.23%
N/A
^HSI
15.68%
0.08%
9.39%
18.65%
-6.84%
-1.71%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 9.55% compared to Hang Seng Index (^HSI) at 5.77%. 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.