^HSI vs. 9988.HK
Compare and contrast key facts about Hang Seng Index (^HSI) and Alibaba Group Holding Ltd (9988.HK).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^HSI or 9988.HK.
Performance
^HSI vs. 9988.HK - Performance Comparison
Returns By Period
In the year-to-date period, ^HSI achieves a 14.78% return, which is significantly lower than 9988.HK's 15.63% return.
^HSI
14.78%
-5.95%
-0.35%
12.10%
-6.31%
-1.83%
9988.HK
15.63%
-14.13%
2.42%
20.99%
N/A
N/A
Key characteristics
| ^HSI | 9988.HK | |
|---|---|---|
| Sharpe Ratio | 0.46 | 0.19 |
| Sortino Ratio | 0.82 | 0.56 |
| Omega Ratio | 1.10 | 1.07 |
| Calmar Ratio | 0.21 | 0.09 |
| Martin Ratio | 1.26 | 0.62 |
| Ulcer Index | 9.34% | 12.01% |
| Daily Std Dev | 25.54% | 37.48% |
| Max Drawdown | -91.54% | -80.01% |
| Current Drawdown | -40.98% | -71.17% |
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Correlation
The correlation between ^HSI and 9988.HK is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
^HSI vs. 9988.HK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hang Seng Index (^HSI) and Alibaba Group Holding Ltd (9988.HK). 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
^HSI vs. 9988.HK - Drawdown Comparison
The maximum ^HSI drawdown since its inception was -91.54%, which is greater than 9988.HK's maximum drawdown of -80.01%. Use the drawdown chart below to compare losses from any high point for ^HSI and 9988.HK. For additional features, visit the drawdowns tool.
Volatility
^HSI vs. 9988.HK - Volatility Comparison
The current volatility for Hang Seng Index (^HSI) is 6.24%, while Alibaba Group Holding Ltd (9988.HK) has a volatility of 8.49%. This indicates that ^HSI experiences smaller price fluctuations and is considered to be less risky than 9988.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.