HKIT vs. SPY

In the year-to-date period, HKIT achieves a -1.40% return, which is significantly lower than SPY's 0.98% return.

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This table presents a comparison of risk-adjusted performance metrics for Hitek Global Inc. Ordinary Share (HKIT) and SPDR S&P 500 ETF (SPY). 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.

The current HKIT Sharpe Ratio is -0.10, which is lower than the SPY Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of HKIT and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

HKIT has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.21%.

The maximum HKIT drawdown since its inception was -98.33%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HKIT and SPY.

Hitek Global Inc. Ordinary Share (HKIT) has a higher volatility of 19.06% compared to SPDR S&P 500 ETF (SPY) at 4.85%. This indicates that HKIT's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.