^SP600 vs. ^XLHK
Compare and contrast key facts about S&P 600 (^SP600) and Dow Jones Hong Kong Titans 30 Index (^XLHK).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SP600 or ^XLHK.
Correlation
The correlation between ^SP600 and ^XLHK 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
^SP600 vs. ^XLHK - Performance Comparison
Key characteristics
^SP600:
0.81
^XLHK:
-0.23
^SP600:
1.27
^XLHK:
-0.19
^SP600:
1.15
^XLHK:
0.98
^SP600:
1.03
^XLHK:
-0.09
^SP600:
3.94
^XLHK:
-0.41
^SP600:
4.01%
^XLHK:
10.90%
^SP600:
19.57%
^XLHK:
19.54%
^SP600:
-59.17%
^XLHK:
-68.02%
^SP600:
-6.65%
^XLHK:
-45.45%
Returns By Period
In the year-to-date period, ^SP600 achieves a 2.40% return, which is significantly higher than ^XLHK's -2.73% return. Over the past 10 years, ^SP600 has outperformed ^XLHK with an annualized return of 7.96%, while ^XLHK has yielded a comparatively lower -2.86% annualized return.
^SP600
2.40%
2.38%
4.46%
13.51%
6.79%
7.96%
^XLHK
-2.73%
-1.33%
1.23%
1.32%
-9.50%
-2.86%
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Risk-Adjusted Performance
^SP600 vs. ^XLHK — Risk-Adjusted Performance Rank
^SP600
^XLHK
^SP600 vs. ^XLHK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 600 (^SP600) and Dow Jones Hong Kong Titans 30 Index (^XLHK). 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
^SP600 vs. ^XLHK - Drawdown Comparison
The maximum ^SP600 drawdown since its inception was -59.17%, smaller than the maximum ^XLHK drawdown of -68.02%. Use the drawdown chart below to compare losses from any high point for ^SP600 and ^XLHK. For additional features, visit the drawdowns tool.
Volatility
^SP600 vs. ^XLHK - Volatility Comparison
S&P 600 (^SP600) has a higher volatility of 3.92% compared to Dow Jones Hong Kong Titans 30 Index (^XLHK) at 3.43%. This indicates that ^SP600's price experiences larger fluctuations and is considered to be riskier than ^XLHK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.