HSAI vs. SPY
Compare and contrast key facts about Hesai Group American Depositary Share each ADS represents one Class B ordinary share (HSAI) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HSAI or SPY.
Correlation
The correlation between HSAI and SPY is 0.26, 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
HSAI vs. SPY - Performance Comparison
Key characteristics
HSAI:
3.49
SPY:
1.88
HSAI:
3.77
SPY:
2.53
HSAI:
1.46
SPY:
1.35
HSAI:
4.41
SPY:
2.83
HSAI:
19.24
SPY:
11.74
HSAI:
19.28%
SPY:
2.02%
HSAI:
106.50%
SPY:
12.64%
HSAI:
-84.17%
SPY:
-55.19%
HSAI:
-17.48%
SPY:
-0.42%
Returns By Period
In the year-to-date period, HSAI achieves a 33.94% return, which is significantly higher than SPY's 4.15% return.
HSAI
33.94%
16.34%
338.63%
377.06%
N/A
N/A
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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Risk-Adjusted Performance
HSAI vs. SPY — Risk-Adjusted Performance Rank
HSAI
SPY
HSAI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hesai Group American Depositary Share each ADS represents one Class B ordinary share (HSAI) 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.
Dividends
HSAI vs. SPY - Dividend Comparison
HSAI has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.16%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSAI Hesai Group American Depositary Share each ADS represents one Class B ordinary share | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
HSAI vs. SPY - Drawdown Comparison
The maximum HSAI drawdown since its inception was -84.17%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HSAI and SPY. For additional features, visit the drawdowns tool.
Volatility
HSAI vs. SPY - Volatility Comparison
Hesai Group American Depositary Share each ADS represents one Class B ordinary share (HSAI) has a higher volatility of 29.09% compared to SPDR S&P 500 ETF (SPY) at 2.93%. This indicates that HSAI'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.