Correlation
The correlation between HSAI and SPY is 0.29, 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.
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.
Performance
HSAI vs. SPY - Performance Comparison
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Key characteristics
HSAI:
2.39
SPY:
0.70
HSAI:
3.46
SPY:
1.02
HSAI:
1.39
SPY:
1.15
HSAI:
3.53
SPY:
0.68
HSAI:
15.73
SPY:
2.57
HSAI:
18.89%
SPY:
4.93%
HSAI:
120.78%
SPY:
20.42%
HSAI:
-84.17%
SPY:
-55.19%
HSAI:
-21.68%
SPY:
-3.55%
Returns By Period
In the year-to-date period, HSAI achieves a 36.47% return, which is significantly higher than SPY's 0.87% return.
HSAI
36.47%
8.70%
130.56%
288.07%
N/A
N/A
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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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.
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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 1.22%.
| 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 | 1.22% | 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.
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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 22.22% compared to SPDR S&P 500 ETF (SPY) at 4.86%. 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.
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