Correlation
The correlation between HKDUSD=X and ^HSI is 0.04, 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.
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.
Performance
HKDUSD=X vs. ^HSI - Performance Comparison
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Key characteristics
HKDUSD=X:
-0.27
^HSI:
1.00
HKDUSD=X:
-0.51
^HSI:
1.00
HKDUSD=X:
0.92
^HSI:
1.15
HKDUSD=X:
-0.18
^HSI:
0.37
HKDUSD=X:
-1.11
^HSI:
1.86
HKDUSD=X:
0.28%
^HSI:
10.01%
HKDUSD=X:
0.85%
^HSI:
28.78%
HKDUSD=X:
-1.85%
^HSI:
-65.18%
HKDUSD=X:
-1.69%
^HSI:
-29.75%
Returns By Period
In the year-to-date period, HKDUSD=X achieves a -0.85% return, which is significantly lower than ^HSI's 16.10% return. Over the past 10 years, HKDUSD=X has outperformed ^HSI with an annualized return of -0.10%, while ^HSI has yielded a comparatively lower -1.64% annualized return.
HKDUSD=X
-0.85%
-1.01%
-0.70%
-0.31%
0.05%
-0.22%
-0.10%
^HSI
16.10%
5.29%
19.90%
27.75%
2.84%
0.28%
-1.64%
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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.
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Drawdowns
HKDUSD=X vs. ^HSI - Drawdown Comparison
The maximum HKDUSD=X drawdown since its inception was -1.85%, smaller than the maximum ^HSI drawdown of -65.18%. Use the drawdown chart below to compare losses from any high point for HKDUSD=X and ^HSI.
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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 5.65%. 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.
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