HKDUSD=X vs. ^HSI
Compare and contrast key facts about HKD/USD (HKDUSD=X) and Hang Seng Index (^HSI).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HKDUSD=X or ^HSI.
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.
Performance
HKDUSD=X vs. ^HSI - Performance Comparison
Key characteristics
HKDUSD=X:
0.90
^HSI:
1.83
HKDUSD=X:
1.40
^HSI:
2.50
HKDUSD=X:
1.23
^HSI:
1.33
HKDUSD=X:
0.65
^HSI:
0.85
HKDUSD=X:
4.30
^HSI:
4.65
HKDUSD=X:
0.16%
^HSI:
9.75%
HKDUSD=X:
0.76%
^HSI:
24.76%
HKDUSD=X:
-1.24%
^HSI:
-91.54%
HKDUSD=X:
-0.39%
^HSI:
-31.77%
Returns By Period
In the year-to-date period, HKDUSD=X achieves a -0.16% return, which is significantly lower than ^HSI's 12.76% return. Over the past 10 years, HKDUSD=X has outperformed ^HSI with an annualized return of -0.03%, while ^HSI has yielded a comparatively lower -0.93% annualized return.
HKDUSD=X
-0.16%
0.08%
0.16%
0.47%
-0.03%
-0.03%
^HSI
12.76%
17.29%
29.78%
41.87%
-4.15%
-0.93%
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Risk-Adjusted Performance
HKDUSD=X vs. ^HSI — Risk-Adjusted Performance Rank
HKDUSD=X
^HSI
HKDUSD=X vs. ^HSI - Risk-Adjusted Performance 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.
Drawdowns
HKDUSD=X vs. ^HSI - Drawdown Comparison
The maximum HKDUSD=X drawdown since its inception was -1.24%, smaller than the maximum ^HSI drawdown of -91.54%. Use the drawdown chart below to compare losses from any high point for HKDUSD=X and ^HSI. For additional features, visit the drawdowns tool.
Volatility
HKDUSD=X vs. ^HSI - Volatility Comparison
The current volatility for HKD/USD (HKDUSD=X) is 0.20%, while Hang Seng Index (^HSI) has a volatility of 6.35%. 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.