AUDUSD=X vs. ^HSI
AUDUSD=X (AUD/USD) is a currency, while ^HSI (Hang Seng Index) is an index. Over the past 10 years, AUDUSD=X returned -0.60%/yr vs 1.38%/yr for ^HSI. At a 0.22 correlation, their price movements are largely independent.
Performance
AUDUSD=X vs. ^HSI - Performance Comparison
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Different Trading Currencies
AUDUSD=X is traded in USD, while ^HSI is traded in HKD. To make them comparable, the ^HSI values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AUDUSD=X achieves a 3.38% return, which is significantly higher than ^HSI's -9.29% return. Over the past 10 years, AUDUSD=X has underperformed ^HSI with an annualized return of -0.60%, while ^HSI has yielded a comparatively higher 1.38% annualized return.
AUDUSD=X
- 1D
- -0.01%
- 1M
- -3.74%
- YTD
- 3.38%
- 6M
- 2.82%
- 1Y
- 5.93%
- 3Y*
- 1.10%
- 5Y*
- -1.88%
- 10Y*
- -0.60%
^HSI
- 1D
- 0.00%
- 1M
- -8.55%
- YTD
- -9.29%
- 6M
- -10.03%
- 1Y
- -4.18%
- 3Y*
- 7.57%
- 5Y*
- -4.56%
- 10Y*
- 1.38%
AUDUSD=X vs. ^HSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AUDUSD=X AUD/USD | 3.38% | 7.81% | -9.12% | -0.06% | -6.27% | -5.58% | 9.75% | -0.37% | -9.73% | 8.36% |
^HSI Hang Seng Index | -9.33% | 27.55% | 18.27% | -13.81% | -15.60% | -14.56% | -2.93% | 9.64% | -13.82% | 34.99% |
Correlation
The correlation between AUDUSD=X and ^HSI is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2007 | 0.22 |
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Return for Risk
AUDUSD=X vs. ^HSI — Risk / Return Rank
AUDUSD=X
^HSI
AUDUSD=X vs. ^HSI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AUD/USD (AUDUSD=X) 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.
| AUDUSD=X | ^HSI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.98 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | -0.25 | +1.21 |
| Martin ratioReturn relative to average drawdown | 2.69 | -0.69 | +3.38 |
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Drawdowns
AUDUSD=X vs. ^HSI - Drawdown Comparison
The maximum AUDUSD=X drawdown since its inception was -47.87%, smaller than the maximum ^HSI drawdown of -65.19%. Use the drawdown chart below to compare losses from any high point for AUDUSD=X and ^HSI.
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Drawdown Indicators
| AUDUSD=X | ^HSI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.87% | -65.19% | +17.32% |
Max Drawdown (1Y)Largest decline over 1 year | -4.94% | -16.94% | +12.00% |
Max Drawdown (3Y)Largest decline over 3 years | -13.83% | -25.67% | +11.84% |
Max Drawdown (5Y)Largest decline over 5 years | -21.49% | -50.41% | +28.92% |
Max Drawdown (10Y)Largest decline over 10 years | -29.18% | -55.87% | +26.69% |
Current DrawdownCurrent decline from peak | -37.38% | -29.54% | -7.84% |
Average DrawdownAverage peak-to-trough decline | -25.95% | -28.68% | +2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 6.14% | -4.29% |
Volatility
AUDUSD=X vs. ^HSI - Volatility Comparison
The current volatility for AUD/USD (AUDUSD=X) is 2.30%, while Hang Seng Index (^HSI) has a volatility of 5.42%. This indicates that AUDUSD=X experiences smaller price fluctuations and is considered to be less risky 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
| AUDUSD=X | ^HSI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 5.42% | -3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 6.50% | 13.90% | -7.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.55% | 18.51% | -10.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.07% | 25.47% | -15.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.63% | 22.03% | -12.40% |
Frequently Asked Questions
AUDUSD=X and ^HSI have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^HSI has higher volatility (5.42%) compared to AUDUSD=X (2.30%). In terms of maximum drawdown, AUDUSD=X dropped -47.87% vs ^HSI's -65.19%.
AUDUSD=X currently has the higher Sharpe Ratio (0.63 vs -0.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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