BCH-USD vs. ^HSI
BCH-USD (Bitcoin Cash) is a cryptocurrency, while ^HSI (Hang Seng Index) is an index. Over the past 5 years, BCH-USD returned -20.02%/yr vs -2.86%/yr for ^HSI. At a 0.03 correlation, their price movements are largely independent.
Performance
BCH-USD vs. ^HSI - Performance Comparison
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Different Trading Currencies
BCH-USD 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, BCH-USD achieves a -64.13% return, which is significantly lower than ^HSI's -2.08% return.
BCH-USD
- 1D
- -12.43%
- 1M
- -53.88%
- YTD
- -64.13%
- 6M
- -61.64%
- 1Y
- -44.28%
- 3Y*
- 23.19%
- 5Y*
- -20.02%
- 10Y*
- —
^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%
BCH-USD vs. ^HSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCH-USD Bitcoin Cash | -64.13% | 38.15% | 66.88% | 167.70% | -77.45% | 25.69% | 68.04% | 37.94% | -93.76% | 329.48% |
^HSI Hang Seng Index | -2.13% | 27.55% | 18.27% | -13.81% | -15.60% | -14.56% | -2.93% | 9.64% | -13.82% | 12.00% |
Correlation
The correlation between BCH-USD and ^HSI is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2017 | 0.03 |
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Return for Risk
BCH-USD vs. ^HSI — Risk / Return Rank
BCH-USD
^HSI
BCH-USD vs. ^HSI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin Cash (BCH-USD) 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.
| BCH-USD | ^HSI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.08 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | 0.54 | -1.20 |
| Martin ratioReturn relative to average drawdown | -2.08 | 1.35 | -3.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BCH-USD | ^HSI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.65 | 0.39 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | -0.12 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.03 | -0.12 |
Drawdowns
BCH-USD vs. ^HSI - Drawdown Comparison
The maximum BCH-USD drawdown since its inception was -97.96%, which is greater than ^HSI's maximum drawdown of -65.19%. Use the drawdown chart below to compare losses from any high point for BCH-USD and ^HSI.
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Drawdown Indicators
| BCH-USD | ^HSI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.96% | -65.19% | -32.77% |
Max Drawdown (1Y)Largest decline over 1 year | -67.18% | -13.13% | -54.05% |
Max Drawdown (3Y)Largest decline over 3 years | -69.07% | -25.67% | -43.40% |
Max Drawdown (5Y)Largest decline over 5 years | -88.64% | -50.41% | -38.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.87% | — |
Current DrawdownCurrent decline from peak | -94.27% | -23.94% | -70.33% |
Average DrawdownAverage peak-to-trough decline | -86.08% | -28.60% | -57.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.88% | 5.21% | +19.67% |
Volatility
BCH-USD vs. ^HSI - Volatility Comparison
Bitcoin Cash (BCH-USD) has a higher volatility of 21.41% compared to Hang Seng Index (^HSI) at 5.14%. This indicates that BCH-USD'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
| BCH-USD | ^HSI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.41% | 5.14% | +16.27% |
Volatility (6M)Calculated over the trailing 6-month period | 48.08% | 13.70% | +34.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.68% | 18.52% | +38.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.10% | 25.45% | +44.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.92% | 22.06% | +75.86% |
Frequently Asked Questions
BCH-USD and ^HSI have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCH-USD has higher volatility (21.41%) compared to ^HSI (5.14%). In terms of maximum drawdown, BCH-USD dropped -97.96% vs ^HSI's -65.19%.
^HSI currently has the higher Sharpe Ratio (0.39 vs -0.65), 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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