^XLHK vs. ^SP600
Compare and contrast key facts about Dow Jones Hong Kong Titans 30 Index (^XLHK) and S&P 600 (^SP600).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^XLHK or ^SP600.
Correlation
The correlation between ^XLHK and ^SP600 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
^XLHK vs. ^SP600 - Performance Comparison
Key characteristics
^XLHK:
0.04
^SP600:
0.36
^XLHK:
0.19
^SP600:
0.66
^XLHK:
1.02
^SP600:
1.08
^XLHK:
0.02
^SP600:
0.47
^XLHK:
0.08
^SP600:
1.90
^XLHK:
9.72%
^SP600:
3.77%
^XLHK:
20.07%
^SP600:
19.81%
^XLHK:
-68.02%
^SP600:
-59.17%
^XLHK:
-44.72%
^SP600:
-8.82%
Returns By Period
In the year-to-date period, ^XLHK achieves a -6.83% return, which is significantly lower than ^SP600's 6.84% return. Over the past 10 years, ^XLHK has underperformed ^SP600 with an annualized return of -2.36%, while ^SP600 has yielded a comparatively higher 7.40% annualized return.
^XLHK
-6.83%
-1.83%
1.48%
-4.02%
-8.23%
-2.36%
^SP600
6.84%
-3.96%
9.95%
9.06%
6.62%
7.40%
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Risk-Adjusted Performance
^XLHK vs. ^SP600 - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones Hong Kong Titans 30 Index (^XLHK) and S&P 600 (^SP600). 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. ^SP600 - Drawdown Comparison
The maximum ^XLHK drawdown since its inception was -68.02%, which is greater than ^SP600's maximum drawdown of -59.17%. Use the drawdown chart below to compare losses from any high point for ^XLHK and ^SP600. For additional features, visit the drawdowns tool.
Volatility
^XLHK vs. ^SP600 - Volatility Comparison
Dow Jones Hong Kong Titans 30 Index (^XLHK) and S&P 600 (^SP600) have volatilities of 4.73% and 4.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.