^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:
-0.12
^XLHK:
-0.14
^SP600:
-0.03
^XLHK:
-0.07
^SP600:
1.00
^XLHK:
0.99
^SP600:
-0.12
^XLHK:
-0.06
^SP600:
-0.35
^XLHK:
-0.21
^SP600:
6.74%
^XLHK:
12.71%
^SP600:
19.67%
^XLHK:
19.17%
^SP600:
-59.17%
^XLHK:
-68.02%
^SP600:
-15.87%
^XLHK:
-41.82%
Returns By Period
In the year-to-date period, ^SP600 achieves a -7.71% return, which is significantly lower than ^XLHK's 3.74% return. Over the past 10 years, ^SP600 has outperformed ^XLHK with an annualized return of 6.08%, while ^XLHK has yielded a comparatively lower -2.55% annualized return.
^SP600
-7.71%
-2.37%
-6.93%
-0.63%
15.93%
6.08%
^XLHK
3.74%
1.27%
-10.70%
4.92%
-3.88%
-2.55%
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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 6.01% compared to Dow Jones Hong Kong Titans 30 Index (^XLHK) at 3.76%. 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.