HKD vs SPY

Comparison between AMTD Digital Inc (HKD, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

HKD vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HKD(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$512M	$781B
Expense Ratio	N/A	0.09%
Max Drawdown	99.92%	56.47%
Sharpe Ratio	0.22	1.22
5Y Beta	1.14	1.00
Industry	Software - Application	N/A
P/E Ratio	20.97	28.78
Forward P/E	N/A	21.25
PEG Ratio	3.72	N/A
5Y Dividends CAGR	N/A	6.00%
5Y EPS CAGR	N/A	25.62%
Debt to Equity	122.17%	31.92%
Free Cash Flow Yield	2.06%	N/A
P/S Ratio	N/A	3.76
P/B Ratio	N/A	5.64

Market Cap / Net Assets

HKD

$512M

Winner

SPY

$781B

Expense Ratio

HKD

N/A

SPY

0.09%

Max Drawdown

HKD

99.92%

Winner

SPY

56.47%

Sharpe Ratio

HKD

0.22

Winner

SPY

1.22

5Y Beta

HKD

1.14

Winner

SPY

1.00

Industry

HKD

Software - Application

SPY

N/A

P/E Ratio

Winner

HKD

20.97

SPY

28.78

Forward P/E

HKD

N/A

SPY

21.25

PEG Ratio

HKD

3.72

SPY

N/A

5Y Dividends CAGR

HKD

N/A

SPY

6.00%

5Y EPS CAGR

HKD

N/A

SPY

25.62%

Debt to Equity

HKD

122.17%

Winner

SPY

31.92%

Free Cash Flow Yield

HKD

2.06%

SPY

N/A

P/S Ratio

HKD

N/A

SPY

3.76

P/B Ratio

HKD

N/A

SPY

5.64

HKD vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	HKD	SPY
1 month	-2.99%	+0.63%
3 months	-4.14%	+4.46%
6 months	+14.89%	+7.67%
1 year	-13.83%	+17.68%
5 years(CAGR)	-43.60%	+12.42%
10 years(CAGR)	N/A	+14.84%
Max(CAGR)	-43.60%	+8.44%

HKD

-2.99%

Winner

SPY

+0.63%

HKD

-4.14%

Winner

SPY

+4.46%

Winner

HKD

+14.89%

SPY

+7.67%

HKD

-13.83%

Winner

SPY

+17.68%

5Y(CAGR)

HKD

-43.60%

Winner

SPY

+12.42%

10Y(CAGR)

HKD

N/A

SPY

+14.84%

Max(CAGR)

HKD

-43.60%

Winner

SPY

+8.44%

HKD vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	HKD	SPY
2026	+20.90%	+8.63%
2025	-56.51%	+18.00%
2024	-29.36%	+25.59%
2023	-57.62%	+26.72%
2022	-38.31%	-18.64%
2021	N/A	+30.52%
2020	N/A	+17.28%
2019	N/A	+31.09%
2018	N/A	-5.24%
2017	N/A	+20.78%
2016	N/A	+13.59%
2015	N/A	+1.31%
2014	N/A	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

HKD vs SPY Drawdown Comparison

The maximum drawdown for HKD was -99.92%, occurring on Dec 31, 2025. This drawdown has not yet recovered.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current HKD drawdown is -99.90%. The current SPY drawdown is -2.57%.

Rank	HKD	SPY
#1	-99.92% Aug 2, 2022 - Dec 31, 2025	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-35.51% Jul 22, 2022 - Jul 27, 2022	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-26.91% Jul 18, 2022 - Jul 22, 2022	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	N/A	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	N/A	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	N/A	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	N/A	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	N/A	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	N/A	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	N/A	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	N/A	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	N/A	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	N/A	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	N/A	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	N/A	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between HKD and SPY is -0.28 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.28

-101

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HKD vs SPY

HKD vs SPY - Performance Comparison

Key Characteristics

HKD vs SPY - Historical Returns

HKD vs SPY - Annual Returns (1999 - 2026)

HKD vs SPY Drawdown Comparison

Correlation

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