Alibaba Hong Kong vs US listing
Alibaba (Hong Kong) · Alibaba (US listing) — correlation 0.88
1-year rolling correlation · green together, red apartas of 2026-09-11
- +0.88normally
- +0.94in crashes
- +0.76 ~ +0.951-year range
- 1.06positions if held 50/50
Holding both is holding one
They correlate 0.88. Held half and half, that is 1.06 positions by risk — the split is in your head, not in the portfolio.
Choosing between Alibaba (Hong Kong) and Alibaba (US listing) may be a matter of taste. Owning both is not diversification.
Try it on your own portfolio
Opens with these two already entered. Add what you hold and the vs the rest and New columns answer whether to add one more.
Open with Alibaba (Hong Kong) · Alibaba (US listing)Weekly returns, 354 weeks since 2015, every price converted to USD. “Crashes” means the 5% of weeks Alibaba (Hong Kong) fell hardest. One sample, one window — not a promise about the future.