AUDUSD=X vs. ^HSI

Last updated Apr 3, 2026

Compare and contrast key facts about AUD/USD (AUDUSD=X) and Hang Seng Index (^HSI).

Performance

AUDUSD=X vs. ^HSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AUD/USD (AUDUSD=X) and Hang Seng Index (^HSI). The values are adjusted to include any dividend payments, if applicable.

AUDUSD=X vs. ^HSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AUDUSD=X AUD/USD	3.59%	7.81%	-9.12%	-0.06%	-6.27%	-5.58%	9.75%	-0.37%	-9.73%	8.36%
^HSI Hang Seng Index	-2.68%	27.55%	18.27%	-13.81%	-15.60%	-14.56%	-2.93%	9.64%	-13.82%	34.99%

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 3.59% return, which is significantly higher than ^HSI's -1.97% return. Over the past 10 years, AUDUSD=X has underperformed ^HSI with an annualized return of -0.95%, while ^HSI has yielded a comparatively higher 2.02% annualized return.

AUDUSD=X

• 1D: -0.22%
• 1M: -1.74%
• YTD: 3.59%
• 6M: 4.80%
• 1Y: 9.79%
• 3Y*: 0.62%
• 5Y*: -1.90%
• 10Y*: -0.95%

^HSI

• 1D: 0.00%
• 1M: -2.22%
• YTD: -1.97%
• 6M: -7.92%
• 1Y: 8.29%
• 3Y*: 7.48%
• 5Y*: -2.80%
• 10Y*: 2.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

AUDUSD=X vs. ^HSI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AUDUSD=X

AUDUSD=X Risk / Return Rank: 78
AUDUSD=X Sharpe Ratio Rank: 78
AUDUSD=X Sortino Ratio Rank: 77
AUDUSD=X Omega Ratio Rank: 80
AUDUSD=X Calmar Ratio Rank: 79
AUDUSD=X Martin Ratio Rank: 77

^HSI

^HSI Risk / Return Rank: 27
^HSI Sharpe Ratio Rank: 27
^HSI Sortino Ratio Rank: 25
^HSI Omega Ratio Rank: 25
^HSI Calmar Ratio Rank: 29
^HSI Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	AUDUSD=X	^HSI	Difference
Sharpe ratio Return per unit of total volatility	0.84	0.37	+0.47
Sortino ratio Return per unit of downside risk	1.20	0.60	+0.60
Omega ratio Gain probability vs. loss probability	1.17	1.09	+0.08
Calmar ratio Return relative to maximum drawdown	1.39	0.48	+0.91
Martin ratio Return relative to average drawdown	3.58	1.53	+2.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AUDUSD=X vs. ^HSI - Sharpe Ratio Comparison

The current AUDUSD=X Sharpe Ratio is 0.84, which is higher than the ^HSI Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of AUDUSD=X and ^HSI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AUDUSD=X	^HSI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	0.37	+0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.17	-0.11	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.09	0.09	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	0.05	-0.12

Correlation

The correlation between AUDUSD=X and ^HSI is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

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.

Drawdown Indicators

	AUDUSD=X	^HSI	Difference
Max Drawdown Largest peak-to-trough decline	-47.87%	-65.18%	+17.31%
Max Drawdown (1Y) Largest decline over 1 year	-5.86%	-13.22%	+7.36%
Max Drawdown (5Y) Largest decline over 5 years	-24.02%	-50.16%	+26.14%
Max Drawdown (10Y) Largest decline over 10 years	-29.18%	-55.70%	+26.52%
Current Drawdown Current decline from peak	-37.25%	-24.24%	-13.01%
Average Drawdown Average peak-to-trough decline	-25.45%	-24.18%	-1.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	4.90%	-3.27%

Volatility

AUDUSD=X vs. ^HSI - Volatility Comparison

The current volatility for AUD/USD (AUDUSD=X) is 3.26%, while Hang Seng Index (^HSI) has a volatility of 7.19%. 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.

Volatility by Period

	AUDUSD=X	^HSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.26%	7.19%	-3.93%
Volatility (6M) Calculated over the trailing 6-month period	5.76%	14.21%	-8.45%
Volatility (1Y) Calculated over the trailing 1-year period	9.26%	23.01%	-13.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.11%	25.38%	-15.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.76%	22.03%	-12.27%