^HSI vs. SPY
Compare and contrast key facts about Hang Seng Index (^HSI) 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: ^HSI or SPY.
Performance
^HSI vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, ^HSI achieves a 13.95% return, which is significantly lower than SPY's 24.40% return. Over the past 10 years, ^HSI has underperformed SPY with an annualized return of -1.94%, while SPY has yielded a comparatively higher 13.04% annualized return.
^HSI
13.95%
-4.24%
-0.65%
8.94%
-6.04%
-1.94%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| ^HSI | SPY | |
|---|---|---|
| Sharpe Ratio | 0.39 | 2.64 |
| Sortino Ratio | 0.73 | 3.53 |
| Omega Ratio | 1.09 | 1.49 |
| Calmar Ratio | 0.18 | 3.81 |
| Martin Ratio | 1.08 | 17.21 |
| Ulcer Index | 9.24% | 1.86% |
| Daily Std Dev | 25.66% | 12.15% |
| Max Drawdown | -91.54% | -55.19% |
| Current Drawdown | -41.41% | -2.17% |
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Correlation
The correlation between ^HSI and SPY 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. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hang Seng Index (^HSI) 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.
Drawdowns
^HSI vs. SPY - Drawdown Comparison
The maximum ^HSI drawdown since its inception was -91.54%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^HSI and SPY. For additional features, visit the drawdowns tool.
Volatility
^HSI vs. SPY - Volatility Comparison
Hang Seng Index (^HSI) has a higher volatility of 7.42% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that ^HSI'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.