^XLHK vs. SPY
Compare and contrast key facts about Dow Jones Hong Kong Titans 30 Index (^XLHK) 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: ^XLHK or SPY.
Correlation
The correlation between ^XLHK and SPY is 0.17, 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
^XLHK vs. SPY - Performance Comparison
Key characteristics
^XLHK:
0.04
SPY:
2.03
^XLHK:
0.19
SPY:
2.71
^XLHK:
1.02
SPY:
1.38
^XLHK:
0.02
SPY:
3.02
^XLHK:
0.08
SPY:
13.49
^XLHK:
9.72%
SPY:
1.88%
^XLHK:
20.07%
SPY:
12.48%
^XLHK:
-68.02%
SPY:
-55.19%
^XLHK:
-44.72%
SPY:
-3.54%
Returns By Period
In the year-to-date period, ^XLHK achieves a -6.83% return, which is significantly lower than SPY's 24.51% return. Over the past 10 years, ^XLHK has underperformed SPY with an annualized return of -2.36%, while SPY has yielded a comparatively higher 12.94% annualized return.
^XLHK
-6.83%
-1.83%
1.48%
-4.02%
-8.23%
-2.36%
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
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Risk-Adjusted Performance
^XLHK vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones Hong Kong Titans 30 Index (^XLHK) 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
^XLHK vs. SPY - Drawdown Comparison
The maximum ^XLHK drawdown since its inception was -68.02%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^XLHK and SPY. For additional features, visit the drawdowns tool.
Volatility
^XLHK vs. SPY - Volatility Comparison
Dow Jones Hong Kong Titans 30 Index (^XLHK) has a higher volatility of 4.73% compared to SPDR S&P 500 ETF (SPY) at 3.46%. This indicates that ^XLHK'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.