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 -15.97%/yr vs -4.56%/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 -67.78% return, which is significantly lower than ^HSI's -9.29% return.
BCH-USD
- 1D
- 1.40%
- 1M
- -43.75%
- YTD
- -67.78%
- 6M
- -67.27%
- 1Y
- -60.05%
- 3Y*
- -4.84%
- 5Y*
- -15.97%
- 10Y*
- —
^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%
BCH-USD vs. ^HSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCH-USD Bitcoin Cash | -67.78% | 38.15% | 66.88% | 167.70% | -77.45% | 25.69% | 68.04% | 37.94% | -93.76% | 325.79% |
^HSI Hang Seng Index | -9.33% | 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 -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 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.
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.
| BCH-USD | ^HSI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.98 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | -0.25 | -0.59 |
| Martin ratioReturn relative to average drawdown | -2.25 | -0.69 | -1.56 |
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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 | -70.92% | -16.94% | -53.98% |
Max Drawdown (3Y)Largest decline over 3 years | -72.60% | -25.67% | -46.93% |
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 | -94.85% | -29.54% | -65.31% |
Average DrawdownAverage peak-to-trough decline | -86.11% | -28.68% | -57.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.78% | 6.14% | +24.64% |
Volatility
BCH-USD vs. ^HSI - Volatility Comparison
Bitcoin Cash (BCH-USD) has a higher volatility of 28.22% compared to Hang Seng Index (^HSI) at 5.42%. 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 | 28.22% | 5.42% | +22.80% |
Volatility (6M)Calculated over the trailing 6-month period | 49.46% | 13.90% | +35.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.33% | 18.51% | +38.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.73% | 25.47% | +44.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.75% | 22.03% | +75.72% |
Frequently Asked Questions
BCH-USD and ^HSI have a correlation of -0.01, 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 (28.22%) compared to ^HSI (5.42%). In terms of maximum drawdown, BCH-USD dropped -97.96% vs ^HSI's -65.19%.
^HSI currently has the higher Sharpe Ratio (-0.23 vs -0.87), 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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