^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:
-0.18
SPY:
2.03
^XLHK:
-0.12
SPY:
2.71
^XLHK:
0.99
SPY:
1.38
^XLHK:
-0.07
SPY:
3.09
^XLHK:
-0.32
SPY:
12.94
^XLHK:
10.79%
SPY:
2.01%
^XLHK:
19.90%
SPY:
12.78%
^XLHK:
-68.02%
SPY:
-55.19%
^XLHK:
-46.29%
SPY:
-2.14%
Returns By Period
In the year-to-date period, ^XLHK achieves a -4.22% return, which is significantly lower than SPY's 1.14% return. Over the past 10 years, ^XLHK has underperformed SPY with an annualized return of -2.98%, while SPY has yielded a comparatively higher 13.38% annualized return.
^XLHK
-4.22%
-4.34%
-1.45%
-3.09%
-9.77%
-2.98%
SPY
1.14%
-1.98%
7.12%
26.42%
14.07%
13.38%
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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
The current volatility for Dow Jones Hong Kong Titans 30 Index (^XLHK) is 3.41%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.70%. This indicates that ^XLHK experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.