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AUDUSD=X vs. ^HSI
Performance
Return for Risk
Drawdowns
Volatility

AUDUSD=X vs. ^HSI

Last updated Jun 6, 2026

AUDUSD=X (AUD/USD) is a currency, while ^HSI (Hang Seng Index) is an index. Over the past 10 years, AUDUSD=X returned -0.57%/yr vs 1.77%/yr for ^HSI. At a 0.22 correlation, their price movements are largely independent.

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.

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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 5.47% return, which is significantly higher than ^HSI's -2.08% return. Over the past 10 years, AUDUSD=X has underperformed ^HSI with an annualized return of -0.57%, while ^HSI has yielded a comparatively higher 1.77% annualized return.

AUDUSD=X

1D
-1.33%
1M
-2.74%
YTD
5.47%
6M
6.02%
1Y
8.20%
3Y*
1.80%
5Y*
-1.88%
10Y*
-0.57%

^HSI

1D
-1.41%
1M
-2.42%
YTD
-2.08%
6M
-3.22%
1Y
6.95%
3Y*
9.78%
5Y*
-2.86%
10Y*
1.77%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AUDUSD=X vs. ^HSI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AUDUSD=X
AUD/USD		5.47%7.81%-9.12%-0.06%-6.27%-5.58%9.75%-0.37%-9.73%8.36%
^HSI
Hang Seng Index		-2.13%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

0.21

Correlation (10Y)
Calculated over the trailing 10-year period

0.22

Correlation (All Time)
Calculated using the full available price history since Jul 3, 2007

0.22

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AUD/USD

Hang Seng Index

Often compared with AUDUSD=X:
AUDUSD=X vs. GBPUSD=XAUDUSD=X vs. SPYAUDUSD=X vs. EURUSD=XAUDUSD=X vs. NZDUSD=XAUDUSD=X vs. AKWA.DEAUDUSD=X vs. USOAUDUSD=X vs. BHP
Often compared with ^HSI:
^HSI vs. SPY^HSI vs. 9988.HK^HSI vs. VOO^HSI vs. QQQ^HSI vs. 0388.HK^HSI vs. 0005.HK^HSI vs. BTC-USD

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: 7979
Overall Rank
AUDUSD=X Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
AUDUSD=X Sortino Ratio Rank: 7575
Sortino Ratio Rank
AUDUSD=X Omega Ratio Rank: 7575
Omega Ratio Rank
AUDUSD=X Calmar Ratio Rank: 8282
Calmar Ratio Rank
AUDUSD=X Martin Ratio Rank: 8585
Martin Ratio Rank
^HSI
^HSI Risk / Return Rank: 2727
Overall Rank
^HSI Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
^HSI Sortino Ratio Rank: 2626
Sortino Ratio Rank
^HSI Omega Ratio Rank: 2525
Omega Ratio Rank
^HSI Calmar Ratio Rank: 2828
Calmar Ratio Rank
^HSI Martin Ratio Rank: 2929
Martin Ratio Rank
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^HSIDifference
Sharpe ratioReturn per unit of total volatility
0.86
0.39

+0.47

Sortino ratioReturn per unit of downside risk
1.26
0.68

+0.57

Omega ratioGain probability vs. loss probability

1.15

1.08

+0.08

Calmar ratioReturn relative to maximum drawdown

1.56

0.54

+1.02

Martin ratioReturn relative to average drawdown

4.16

1.35

+2.81

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 0.86, which is higher than the ^HSI Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of AUDUSD=X and ^HSI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

AUDUSD=X^HSIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.86

0.39

+0.47

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.17

-0.12

-0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.06

0.08

-0.14

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.08

0.03

-0.11

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^HSIDifference

Max Drawdown

Largest peak-to-trough decline

-47.87%

-65.19%

+17.32%

Max Drawdown (1Y)

Largest decline over 1 year

-4.20%

-13.13%

+8.93%

Max Drawdown (3Y)

Largest decline over 3 years

-13.83%

-25.67%

+11.84%

Max Drawdown (5Y)

Largest decline over 5 years

-23.18%

-50.41%

+27.23%

Max Drawdown (10Y)

Largest decline over 10 years

-29.18%

-55.87%

+26.69%

Current Drawdown

Current decline from peak

-36.11%

-23.94%

-12.17%

Average Drawdown

Average peak-to-trough decline

-25.83%

-28.60%

+2.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.62%

5.21%

-3.59%

Volatility

AUDUSD=X vs. ^HSI - Volatility Comparison

The current volatility for AUD/USD (AUDUSD=X) is 2.44%, while Hang Seng Index (^HSI) has a volatility of 5.14%. 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^HSIDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.44%

5.14%

-2.70%

Volatility (6M)

Calculated over the trailing 6-month period

6.62%

13.70%

-7.08%

Volatility (1Y)

Calculated over the trailing 1-year period

7.62%

18.52%

-10.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.08%

25.45%

-15.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.67%

22.06%

-12.39%

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 (5.14%) compared to AUDUSD=X (2.44%). In terms of maximum drawdown, AUDUSD=X dropped -47.87% vs ^HSI's -65.19%.

AUDUSD=X currently has the higher Sharpe Ratio (0.86 vs 0.39), 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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