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 -12.92%/yr vs -2.41%/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 -63.35% return, which is significantly lower than ^HSI's -3.12% return.
BCH-USD
- 1D
- -1.02%
- 1M
- 3.32%
- 6M
- -63.39%
- YTD
- -63.35%
- 1Y
- -56.13%
- 3Y*
- -3.42%
- 5Y*
- -12.92%
- 10Y*
- —
^HSI
- 1D
- 0.00%
- 1M
- 2.83%
- 6M
- -7.33%
- YTD
- -3.12%
- 1Y
- 2.22%
- 3Y*
- 9.44%
- 5Y*
- -2.41%
- 10Y*
- 1.34%
BCH-USD vs. ^HSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCH-USD Bitcoin Cash | -63.35% | 38.15% | 66.88% | 167.70% | -77.45% | 25.69% | 68.04% | 37.94% | -93.76% | 325.79% |
^HSI Hang Seng Index | -3.14% | 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 | 0.04 |
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 | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.03 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 0.12 | -0.91 |
| Martin ratioReturn relative to average drawdown | -1.80 | 0.31 | -2.12 |
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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% | -19.31% | -51.61% |
Max Drawdown (3Y)Largest decline over 3 years | -72.60% | -25.67% | -46.93% |
Max Drawdown (5Y)Largest decline over 5 years | -88.64% | -47.55% | -41.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.87% | — |
Current DrawdownCurrent decline from peak | -94.14% | -24.75% | -69.39% |
Average DrawdownAverage peak-to-trough decline | -86.16% | -28.77% | -57.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.27% | 7.19% | +29.08% |
Volatility
BCH-USD vs. ^HSI - Volatility Comparison
Bitcoin Cash (BCH-USD) has a higher volatility of 15.70% compared to Hang Seng Index (^HSI) at 5.84%. 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 | 15.70% | 5.84% | +9.86% |
Volatility (6M)Calculated over the trailing 6-month period | 49.99% | 14.23% | +35.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.68% | 18.95% | +38.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.71% | 25.49% | +44.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.50% | 22.04% | +75.46% |
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 (15.70%) compared to ^HSI (5.84%). In terms of maximum drawdown, BCH-USD dropped -97.96% vs ^HSI's -65.19%.
^HSI currently has the higher Sharpe Ratio (0.12 vs -0.81), 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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