HMCH.L vs. ^GSPC
Compare and contrast key facts about HSBC MSCI China UCITS ETF (HMCH.L) and S&P 500 (^GSPC).
HMCH.L is a passively managed fund by HSBC that tracks the performance of the MSCI China NR USD. It was launched on Jan 26, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HMCH.L or ^GSPC.
Correlation
The correlation between HMCH.L and ^GSPC is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HMCH.L vs. ^GSPC - Performance Comparison
Key characteristics
HMCH.L:
1.67
^GSPC:
1.62
HMCH.L:
2.38
^GSPC:
2.20
HMCH.L:
1.31
^GSPC:
1.30
HMCH.L:
0.83
^GSPC:
2.46
HMCH.L:
4.28
^GSPC:
10.01
HMCH.L:
10.43%
^GSPC:
2.08%
HMCH.L:
26.65%
^GSPC:
12.88%
HMCH.L:
-56.50%
^GSPC:
-56.78%
HMCH.L:
-30.08%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, HMCH.L achieves a 18.35% return, which is significantly higher than ^GSPC's 2.24% return. Over the past 10 years, HMCH.L has underperformed ^GSPC with an annualized return of 4.76%, while ^GSPC has yielded a comparatively higher 11.05% annualized return.
HMCH.L
18.35%
18.69%
40.59%
44.63%
0.64%
4.76%
^GSPC
2.24%
-1.73%
6.72%
18.16%
13.31%
11.05%
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Risk-Adjusted Performance
HMCH.L vs. ^GSPC — Risk-Adjusted Performance Rank
HMCH.L
^GSPC
HMCH.L vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI China UCITS ETF (HMCH.L) and S&P 500 (^GSPC). 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
HMCH.L vs. ^GSPC - Drawdown Comparison
The maximum HMCH.L drawdown since its inception was -56.50%, roughly equal to the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for HMCH.L and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
HMCH.L vs. ^GSPC - Volatility Comparison
HSBC MSCI China UCITS ETF (HMCH.L) has a higher volatility of 6.33% compared to S&P 500 (^GSPC) at 3.37%. This indicates that HMCH.L's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.