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AUDUSD=X vs. ^HSI
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between AUDUSD=X and ^HSI is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


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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Key characteristics

Sharpe Ratio

AUDUSD=X:

-0.28

^HSI:

0.84

Sortino Ratio

AUDUSD=X:

-0.50

^HSI:

1.53

Omega Ratio

AUDUSD=X:

0.93

^HSI:

1.24

Calmar Ratio

AUDUSD=X:

-0.07

^HSI:

0.65

Martin Ratio

AUDUSD=X:

-0.58

^HSI:

3.08

Ulcer Index

AUDUSD=X:

7.02%

^HSI:

10.48%

Daily Std Dev

AUDUSD=X:

9.21%

^HSI:

28.79%

Max Drawdown

AUDUSD=X:

-67.80%

^HSI:

-91.54%

Current Drawdown

AUDUSD=X:

-56.93%

^HSI:

-31.03%

Returns By Period

In the year-to-date period, AUDUSD=X achieves a 3.60% return, which is significantly lower than ^HSI's 14.00% return. Over the past 10 years, AUDUSD=X has underperformed ^HSI with an annualized return of -2.20%, while ^HSI has yielded a comparatively higher -1.78% annualized return.


AUDUSD=X

YTD

3.60%

1M

3.00%

6M

-2.61%

1Y

-2.89%

5Y*

-0.23%

10Y*

-2.20%

^HSI

YTD

14.00%

1M

10.57%

6M

10.32%

1Y

20.59%

5Y*

-1.49%

10Y*

-1.78%

*Annualized

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Risk-Adjusted Performance

AUDUSD=X vs. ^HSI — Risk-Adjusted Performance Rank

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

AUDUSD=X
The Risk-Adjusted Performance Rank of AUDUSD=X is 3737
Overall Rank
The Sharpe Ratio Rank of AUDUSD=X is 4141
Sharpe Ratio Rank
The Sortino Ratio Rank of AUDUSD=X is 3636
Sortino Ratio Rank
The Omega Ratio Rank of AUDUSD=X is 3131
Omega Ratio Rank
The Calmar Ratio Rank of AUDUSD=X is 4141
Calmar Ratio Rank
The Martin Ratio Rank of AUDUSD=X is 3737
Martin Ratio Rank

^HSI
The Risk-Adjusted Performance Rank of ^HSI is 9090
Overall Rank
The Sharpe Ratio Rank of ^HSI is 8888
Sharpe Ratio Rank
The Sortino Ratio Rank of ^HSI is 9292
Sortino Ratio Rank
The Omega Ratio Rank of ^HSI is 9595
Omega Ratio Rank
The Calmar Ratio Rank of ^HSI is 8383
Calmar Ratio Rank
The Martin Ratio Rank of ^HSI is 8989
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

AUDUSD=X vs. ^HSI - Risk-Adjusted Performance 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.


The current AUDUSD=X Sharpe Ratio is -0.28, which is lower than the ^HSI Sharpe Ratio of 0.84. 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.


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Drawdowns

AUDUSD=X vs. ^HSI - Drawdown Comparison

The maximum AUDUSD=X drawdown since its inception was -67.80%, smaller than the maximum ^HSI drawdown of -91.54%. Use the drawdown chart below to compare losses from any high point for AUDUSD=X and ^HSI. For additional features, visit the drawdowns tool.


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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 15.61%. 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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