^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 0.18, 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. SPY - Performance Comparison
Key characteristics
^HSI:
0.92
SPY:
2.20
^HSI:
1.41
SPY:
2.91
^HSI:
1.18
SPY:
1.41
^HSI:
0.42
SPY:
3.35
^HSI:
2.46
SPY:
13.99
^HSI:
9.48%
SPY:
2.01%
^HSI:
25.05%
SPY:
12.79%
^HSI:
-91.54%
SPY:
-55.19%
^HSI:
-39.38%
SPY:
-1.35%
Returns By Period
In the year-to-date period, ^HSI achieves a 0.18% return, which is significantly lower than SPY's 1.96% return. Over the past 10 years, ^HSI has underperformed SPY with an annualized return of -2.15%, while SPY has yielded a comparatively higher 13.29% annualized return.
^HSI
0.18%
1.91%
13.95%
31.28%
-6.81%
-2.15%
SPY
1.96%
1.09%
8.43%
25.46%
14.30%
13.29%
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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.
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 4.71% compared to SPDR S&P 500 ETF (SPY) at 4.00%. 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.