^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.
Correlation
The correlation between ^HSI and SPY is 0.15, 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. SPY - Performance Comparison
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Key characteristics
^HSI:
0.74
SPY:
0.66
^HSI:
1.37
SPY:
1.08
^HSI:
1.21
SPY:
1.16
^HSI:
0.57
SPY:
0.72
^HSI:
2.68
SPY:
2.78
^HSI:
10.52%
SPY:
4.88%
^HSI:
28.92%
SPY:
20.26%
^HSI:
-65.18%
SPY:
-55.19%
^HSI:
-28.57%
SPY:
-2.99%
Returns By Period
In the year-to-date period, ^HSI achieves a 18.05% return, which is significantly higher than SPY's 1.46% return. Over the past 10 years, ^HSI has underperformed SPY with an annualized return of -1.66%, while SPY has yielded a comparatively higher 12.71% annualized return.
^HSI
18.05%
10.69%
20.43%
20.60%
4.56%
-0.50%
-1.66%
SPY
1.46%
12.62%
1.07%
13.27%
16.71%
16.68%
12.71%
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Risk-Adjusted Performance
^HSI vs. SPY — Risk-Adjusted Performance Rank
^HSI
SPY
^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.
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Drawdowns
^HSI vs. SPY - Drawdown Comparison
The maximum ^HSI drawdown since its inception was -65.18%, 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.
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Volatility
^HSI vs. SPY - Volatility Comparison
Hang Seng Index (^HSI) has a higher volatility of 5.88% compared to SPDR S&P 500 ETF (SPY) at 4.66%. 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.
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