^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:
1.91
^XLHK:
0.19
SPY:
2.57
^XLHK:
1.02
SPY:
1.35
^XLHK:
0.01
SPY:
2.88
^XLHK:
0.06
SPY:
11.96
^XLHK:
12.03%
SPY:
2.03%
^XLHK:
19.16%
SPY:
12.68%
^XLHK:
-68.02%
SPY:
-55.19%
^XLHK:
-44.08%
SPY:
0.00%
Returns By Period
In the year-to-date period, ^XLHK achieves a -0.28% return, which is significantly lower than SPY's 4.34% return. Over the past 10 years, ^XLHK has underperformed SPY with an annualized return of -2.90%, while SPY has yielded a comparatively higher 13.21% annualized return.
^XLHK
-0.28%
1.61%
3.52%
0.48%
-7.93%
-2.90%
SPY
4.34%
2.33%
10.15%
23.99%
14.44%
13.21%
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Risk-Adjusted Performance
^XLHK vs. SPY — Risk-Adjusted Performance Rank
^XLHK
SPY
^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 4.74% compared to SPDR S&P 500 ETF (SPY) at 2.77%. 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.