^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.
Performance
^HSI vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, ^HSI achieves a 14.78% return, which is significantly lower than QQQ's 22.63% return. Over the past 10 years, ^HSI has underperformed QQQ with an annualized return of -1.83%, while QQQ has yielded a comparatively higher 18.02% annualized return.
^HSI
14.78%
-5.95%
-0.35%
12.10%
-6.31%
-1.83%
QQQ
22.63%
1.12%
10.25%
30.41%
20.71%
18.02%
Key characteristics
| ^HSI | QQQ | |
|---|---|---|
| Sharpe Ratio | 0.46 | 1.75 |
| Sortino Ratio | 0.82 | 2.34 |
| Omega Ratio | 1.10 | 1.32 |
| Calmar Ratio | 0.21 | 2.25 |
| Martin Ratio | 1.26 | 8.17 |
| Ulcer Index | 9.34% | 3.73% |
| Daily Std Dev | 25.54% | 17.44% |
| Max Drawdown | -91.54% | -82.98% |
| Current Drawdown | -40.98% | -2.75% |
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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.
Risk-Adjusted Performance
^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
Hang Seng Index (^HSI) has a higher volatility of 6.24% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that ^HSI's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.