^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 0.16, 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
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Key characteristics
^HSI:
0.73
QQQ:
0.64
^HSI:
1.31
QQQ:
1.12
^HSI:
1.20
QQQ:
1.16
^HSI:
0.53
QQQ:
0.78
^HSI:
2.51
QQQ:
2.53
^HSI:
10.51%
QQQ:
6.98%
^HSI:
28.94%
QQQ:
25.46%
^HSI:
-65.18%
QQQ:
-82.98%
^HSI:
-29.59%
QQQ:
-3.19%
Returns By Period
In the year-to-date period, ^HSI achieves a 16.38% return, which is significantly higher than QQQ's 2.16% return. Over the past 10 years, ^HSI has underperformed QQQ with an annualized return of -1.68%, while QQQ has yielded a comparatively higher 17.75% annualized return.
^HSI
16.38%
9.11%
20.17%
19.39%
-0.89%
-1.68%
QQQ
2.16%
17.43%
5.35%
16.14%
18.94%
17.75%
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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.
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Drawdowns
^HSI vs. QQQ - Drawdown Comparison
The maximum ^HSI drawdown since its inception was -65.18%, smaller than the maximum QQQ 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.
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Volatility
^HSI vs. QQQ - Volatility Comparison
The current volatility for Hang Seng Index (^HSI) is 6.08%, while Invesco QQQ (QQQ) has a volatility of 6.50%. 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.
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