^HSI vs. QQQ
Compare and contrast key facts about Hang Seng Index (^HSI) and Invesco QQQ (QQQ).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^HSI or QQQ.
Correlation
The correlation between ^HSI and QQQ is 0.18, 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
^HSI vs. QQQ - Performance Comparison
Key characteristics
^HSI:
0.64
QQQ:
1.34
^HSI:
1.06
QQQ:
1.83
^HSI:
1.13
QQQ:
1.24
^HSI:
0.30
QQQ:
1.78
^HSI:
1.74
QQQ:
6.25
^HSI:
9.32%
QQQ:
3.86%
^HSI:
25.38%
QQQ:
18.07%
^HSI:
-91.54%
QQQ:
-82.98%
^HSI:
-42.03%
QQQ:
-6.00%
Returns By Period
In the year-to-date period, ^HSI achieves a -4.19% return, which is significantly lower than QQQ's -1.20% return. Over the past 10 years, ^HSI has underperformed QQQ with an annualized return of -2.29%, while QQQ has yielded a comparatively higher 18.47% annualized return.
^HSI
-4.19%
-3.76%
8.41%
18.52%
-8.01%
-2.29%
QQQ
-1.20%
-4.64%
2.07%
24.06%
18.68%
18.47%
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Risk-Adjusted Performance
^HSI vs. QQQ — Risk-Adjusted Performance Rank
^HSI
QQQ
^HSI vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hang Seng Index (^HSI) and Invesco QQQ (QQQ). 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. QQQ - Drawdown Comparison
The maximum ^HSI drawdown since its inception was -91.54%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ^HSI and QQQ. For additional features, visit the drawdowns tool.
Volatility
^HSI vs. QQQ - Volatility Comparison
The current volatility for Hang Seng Index (^HSI) is 4.19%, while Invesco QQQ (QQQ) has a volatility of 5.84%. This indicates that ^HSI experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.