HKD vs. USD
HKD (AMTD Digital Inc.) is a stock, while USD (ProShares Ultra Semiconductors) is Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). Over the past 3 years, HKD returned -39.40%/yr vs 110.61%/yr for USD. At a 0.17 correlation, their price movements are largely independent.
Performance
HKD vs. USD - Performance Comparison
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Returns By Period
In the year-to-date period, HKD achieves a 21.26% return, which is significantly lower than USD's 85.14% return.
HKD
- 1D
- 0.65%
- 1M
- -10.47%
- 6M
- 9.22%
- YTD
- 21.26%
- 1Y
- -12.50%
- 3Y*
- -39.40%
- 5Y*
- —
- 10Y*
- —
USD
- 1D
- 3.09%
- 1M
- -0.93%
- 6M
- 76.15%
- YTD
- 85.14%
- 1Y
- 147.75%
- 3Y*
- 110.61%
- 5Y*
- 62.46%
- 10Y*
- 58.67%
HKD vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HKD AMTD Digital Inc. | 21.26% | -57.09% | -29.02% | -58.30% | -23.08% |
USD ProShares Ultra Semiconductors | 85.14% | 62.08% | 139.64% | 228.79% | -16.90% |
Correlation
The correlation between HKD and USD is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2022 | 0.17 |
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Return for Risk
HKD vs. USD — Risk / Return Rank
HKD
USD
HKD vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMTD Digital Inc. (HKD) and ProShares Ultra Semiconductors (USD). 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.
| HKD | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.32 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 4.70 | -4.97 |
| Martin ratioReturn relative to average drawdown | -0.40 | 12.39 | -12.78 |
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Drawdowns
HKD vs. USD - Drawdown Comparison
The maximum HKD drawdown since its inception was -99.92%, which is greater than USD's maximum drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for HKD and USD.
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Drawdown Indicators
| HKD | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -88.63% | -11.29% |
Max Drawdown (1Y)Largest decline over 1 year | -56.95% | -31.80% | -25.15% |
Max Drawdown (3Y)Largest decline over 3 years | -81.07% | -64.46% | -16.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.85% | — |
Current DrawdownCurrent decline from peak | -99.91% | -14.47% | -85.44% |
Average DrawdownAverage peak-to-trough decline | -98.08% | -32.26% | -65.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.67% | 12.05% | +26.62% |
Volatility
HKD vs. USD - Volatility Comparison
The current volatility for AMTD Digital Inc. (HKD) is 10.47%, while ProShares Ultra Semiconductors (USD) has a volatility of 32.27%. This indicates that HKD experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HKD | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.47% | 32.27% | -21.80% |
Volatility (6M)Calculated over the trailing 6-month period | 38.51% | 57.13% | -18.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 93.72% | 69.99% | +23.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 273.94% | 78.11% | +195.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 273.94% | 69.98% | +203.96% |
Dividends
HKD vs. USD - Dividend Comparison
HKD has not paid dividends to shareholders, while USD's dividend yield for the trailing twelve months is around 0.31%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HKD AMTD Digital Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.31% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
HKD and USD have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (32.27%) compared to HKD (10.47%). In terms of maximum drawdown, HKD dropped -99.92% vs USD's -88.63%.
USD currently has the higher Sharpe Ratio (2.14 vs -0.16), 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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