ASIL.L vs. ^HSI
ASIL.L (Lyxor China Enterprise (HSCEI) UCITS ETF) is China Equities fund tracking the MSCI China NR USD, while ^HSI (Hang Seng Index) is an index. Over the past 10 years, ASIL.L returned -1.13%/yr vs 0.91%/yr for ^HSI. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
ASIL.L vs. ^HSI - Performance Comparison
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Different Trading Currencies
ASIL.L is traded in GBp, while ^HSI is traded in HKD. To make them comparable, the ^HSI values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, ASIL.L achieves a -8.08% return, which is significantly lower than ^HSI's -5.11% return. Over the past 10 years, ASIL.L has underperformed ^HSI with an annualized return of -1.13%, while ^HSI has yielded a comparatively higher 0.91% annualized return.
ASIL.L
- 1D
- 1.58%
- 1M
- -0.36%
- 6M
- -13.08%
- YTD
- -8.08%
- 1Y
- -0.29%
- 3Y*
- 6.49%
- 5Y*
- -5.52%
- 10Y*
- -1.13%
^HSI
- 1D
- 0.00%
- 1M
- -1.90%
- 6M
- -9.92%
- YTD
- -5.11%
- 1Y
- -0.88%
- 3Y*
- 6.92%
- 5Y*
- -2.40%
- 10Y*
- 0.91%
ASIL.L vs. ^HSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASIL.L Lyxor China Enterprise (HSCEI) UCITS ETF | -8.08% | 27.56% | 14.40% | -17.94% | -16.69% | -22.70% | -4.32% | 9.43% | -6.32% | 15.81% |
^HSI Hang Seng Index | -5.11% | 18.46% | 20.34% | -18.12% | -5.57% | -13.75% | -5.78% | 5.47% | -8.71% | 23.32% |
Correlation
The correlation between ASIL.L and ^HSI is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.60 |
The correlation between ASIL.L and ^HSI has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.
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Return for Risk
ASIL.L vs. ^HSI — Risk / Return Rank
ASIL.L
^HSI
ASIL.L vs. ^HSI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor China Enterprise (HSCEI) UCITS ETF (ASIL.L) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ASIL.L | ^HSI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.01 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | -0.05 | +0.04 |
| Martin ratioReturn relative to average drawdown | -0.03 | -0.14 | +0.11 |
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Drawdowns
ASIL.L vs. ^HSI - Drawdown Comparison
The maximum ASIL.L drawdown since its inception was -63.20%, which is greater than ^HSI's maximum drawdown of -53.73%. Use the drawdown chart below to compare losses from any high point for ASIL.L and ^HSI.
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Drawdown Indicators
| ASIL.L | ^HSI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.20% | -53.73% | -9.47% |
Max Drawdown (1Y)Largest decline over 1 year | -23.33% | -17.03% | -6.30% |
Max Drawdown (3Y)Largest decline over 3 years | -26.68% | -24.96% | -1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -50.42% | -42.50% | -7.92% |
Max Drawdown (10Y)Largest decline over 10 years | -59.17% | -49.94% | -9.23% |
Current DrawdownCurrent decline from peak | -38.00% | -22.89% | -15.11% |
Average DrawdownAverage peak-to-trough decline | -25.05% | -17.35% | -7.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.41% | 6.53% | +4.88% |
Volatility
ASIL.L vs. ^HSI - Volatility Comparison
Lyxor China Enterprise (HSCEI) UCITS ETF (ASIL.L) has a higher volatility of 6.04% compared to Hang Seng Index (^HSI) at 5.21%. This indicates that ASIL.L'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.
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Volatility by Period
| ASIL.L | ^HSI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 5.21% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 14.42% | 14.10% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.50% | 18.98% | +1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.91% | 25.40% | +3.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.11% | 22.26% | +2.85% |
Frequently Asked Questions
ASIL.L and ^HSI have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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