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 -37.61%/yr vs 87.71%/yr for USD. Their 0.17 correlation means their historical movements had little consistent relationship.
Performance
HKD vs. USD - Performance Comparison
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Returns By Period
In the year-to-date period, HKD achieves a 26.77% return, which is significantly lower than USD's 50.25% return.
HKD
- 1D
- 1.26%
- 1M
- 1.26%
- 6M
- 17.52%
- YTD
- 26.77%
- 1Y
- -3.59%
- 3Y*
- -37.61%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -40.34%
USD
- 1D
- 1.44%
- 1M
- -10.08%
- 6M
- 34.80%
- YTD
- 50.25%
- 1Y
- 92.29%
- 3Y*
- 87.71%
- 5Y*
- 55.02%
- 10Y*
- 54.19%
- ALL TIME*
- 28.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $162.14K | $183.89K | $347.77K | |
| $68.86M | $72.62M | $95.81M |
HKD vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HKD AMTD Digital Inc. | 26.77% | -57.09% | -29.02% | -58.30% | -23.08% |
USD ProShares Ultra Semiconductors | 50.25% | 62.08% | 139.64% | 228.79% | -16.90% |
Correlation
The correlation between HKD and USD is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
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 | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.22 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 2.16 | -2.30 |
| Martin ratioReturn relative to average drawdown | -0.20 | 6.21 | -6.41 |
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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% | -39.33% | -17.62% |
Max Drawdown (3Y)Largest decline over 3 years | -80.84% | -64.46% | -16.38% |
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 | -99.90% | -30.59% | -69.31% |
Average DrawdownAverage peak-to-trough decline | -98.11% | -32.23% | -65.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.06% | 13.62% | +26.44% |
Volatility
HKD vs. USD - Volatility Comparison
The current volatility for AMTD Digital Inc. (HKD) is 10.25%, while ProShares Ultra Semiconductors (USD) has a volatility of 28.19%. 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 | 10.25% | 28.19% | -17.94% |
Volatility (6M)Calculated over the trailing 6-month period | 38.73% | 61.13% | -22.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 93.77% | 73.80% | +19.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 271.94% | 78.73% | +193.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 271.94% | 70.38% | +201.56% |
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 0.39%.
| 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 | 0.39% | 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 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (28.19%) compared to HKD (10.25%). In terms of maximum drawdown, HKD dropped -99.92% vs USD's -88.63%.
USD currently has the higher Sharpe Ratio (1.15 vs -0.09), 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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