HKDUSD=X vs. ^HSI

Last updated Apr 1, 2026

Compare and contrast key facts about HKD/USD (HKDUSD=X) and Hang Seng Index (^HSI).

Performance

HKDUSD=X vs. ^HSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HKD/USD (HKDUSD=X) and Hang Seng Index (^HSI). The values are adjusted to include any dividend payments, if applicable.

HKDUSD=X vs. ^HSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HKDUSD=X HKD/USD	-0.69%	-0.17%	0.51%	0.02%	-0.17%	-0.56%	0.49%	0.52%	-0.24%	-0.74%
^HSI Hang Seng Index	-3.96%	27.55%	18.27%	-13.81%	-15.60%	-14.56%	-2.93%	9.64%	-13.82%	34.99%

Different Trading Currencies

HKDUSD=X 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, HKDUSD=X achieves a -0.69% return, which is significantly higher than ^HSI's -4.07% return. Over the past 10 years, HKDUSD=X has underperformed ^HSI with an annualized return of -0.10%, while ^HSI has yielded a comparatively higher 1.80% annualized return.

HKDUSD=X

• 1D: -0.02%
• 1M: -0.20%
• YTD: -0.69%
• 6M: -0.69%
• 1Y: -0.72%
• 3Y*: 0.06%
• 5Y*: -0.16%
• 10Y*: -0.10%

^HSI

• 1D: 0.00%
• 1M: -7.18%
• YTD: -4.07%
• 6M: -8.44%
• 1Y: 6.32%
• 3Y*: 6.73%
• 5Y*: -3.22%
• 10Y*: 1.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

HKDUSD=X vs. ^HSI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HKDUSD=X

HKDUSD=X Risk / Return Rank: 36
HKDUSD=X Sharpe Ratio Rank: 23
HKDUSD=X Sortino Ratio Rank: 19
HKDUSD=X Omega Ratio Rank: 22
HKDUSD=X Calmar Ratio Rank: 57
HKDUSD=X Martin Ratio Rank: 58

^HSI

^HSI Risk / Return Rank: 29
^HSI Sharpe Ratio Rank: 31
^HSI Sortino Ratio Rank: 27
^HSI Omega Ratio Rank: 30
^HSI Calmar Ratio Rank: 27
^HSI Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HKDUSD=X vs. ^HSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HKD/USD (HKDUSD=X) 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.

	HKDUSD=X	^HSI	Difference
Sharpe ratio Return per unit of total volatility	-0.65	0.28	-0.94
Sortino ratio Return per unit of downside risk	-0.95	0.50	-1.44
Omega ratio Gain probability vs. loss probability	0.89	1.07	-0.18
Calmar ratio Return relative to maximum drawdown	0.17	0.22	-0.05
Martin ratio Return relative to average drawdown	0.43	0.72	-0.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HKDUSD=X vs. ^HSI - Sharpe Ratio Comparison

The current HKDUSD=X Sharpe Ratio is -0.65, which is lower than the ^HSI Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of HKDUSD=X and ^HSI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HKDUSD=X	^HSI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.65	0.28	-0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.19	-0.13	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.14	0.08	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	0.04	-0.07

Correlation

The correlation between HKDUSD=X and ^HSI is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

HKDUSD=X vs. ^HSI - Drawdown Comparison

The maximum HKDUSD=X drawdown since its inception was -1.30%, smaller than the maximum ^HSI drawdown of -65.19%. Use the drawdown chart below to compare losses from any high point for HKDUSD=X and ^HSI.

Drawdown Indicators

	HKDUSD=X	^HSI	Difference
Max Drawdown Largest peak-to-trough decline	-1.30%	-65.18%	+63.88%
Max Drawdown (1Y) Largest decline over 1 year	-1.30%	-14.56%	+13.26%
Max Drawdown (5Y) Largest decline over 5 years	-1.30%	-50.16%	+48.86%
Max Drawdown (10Y) Largest decline over 10 years	-1.30%	-55.70%	+54.40%
Current Drawdown Current decline from peak	-1.13%	-25.23%	+24.10%
Average Drawdown Average peak-to-trough decline	-0.45%	-24.18%	+23.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.37%	5.04%	-4.67%

Volatility

HKDUSD=X vs. ^HSI - Volatility Comparison

The current volatility for HKD/USD (HKDUSD=X) is 0.33%, while Hang Seng Index (^HSI) has a volatility of 7.19%. This indicates that HKDUSD=X experiences smaller price fluctuations and is considered to be less risky than ^HSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HKDUSD=X	^HSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.33%	7.19%	-6.86%
Volatility (6M) Calculated over the trailing 6-month period	0.61%	14.12%	-13.51%
Volatility (1Y) Calculated over the trailing 1-year period	0.88%	22.96%	-22.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.78%	25.39%	-24.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.70%	22.03%	-21.33%