HSBC MSCI Canada UCITS ETF (HCAD.L)

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HSBC MSCI Canada UCITS ETF (HCAD.L) is up 10.2% since the beginning of the year. HCAD.L is currently trading at $36 per share. Investors who bought $1,000 worth of HCAD.L shares 5 years ago would now be looking at an investment worth $1,800.

HSBC MSCI Canada UCITS ETF (HCAD.L) has returned 10.17% so far this year and 30.52% over the past 12 months. Over the last ten years, HCAD.L has returned 10.99% per year, falling short of the S&P 500 Index benchmark, which averaged 13.36% annually.

Based on dividend-adjusted daily data since Feb 24, 2011, HCAD.L's average daily return is +0.03%, while the average monthly return is +0.60%. At this rate, an investment would double in approximately 9.7 years.

Historically, 58% of months were positive and 42% were negative. The best month was Nov 2020 with a return of +13.8%, while the worst month was Mar 2020 at -19.5%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.

On a daily basis, HCAD.L closed higher 52% of trading days. The best single day was Mar 25, 2020 with a return of +9.5%, while the worst single day was Mar 12, 2020 at -12.7%.

HSBC MSCI Canada UCITS ETF has an annualized alpha of 0.33%, beta of 0.53, and R2 of 0.24 versus S&P 500 Index. Calculated based on daily prices since February 24, 2011.

• This ETF participated in 105.61% of S&P 500 Index downside but only 79.31% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.53 may look defensive, but with R2 of 0.24 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.24 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

HCAD.L has an expense ratio of 0.35%, placing it in the medium range.

HCAD.L ranks 87 for risk / return — in the top 87% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

HSBC MSCI Canada UCITS ETF provided a 1.39% dividend yield over the last twelve months, with an annual payout of $0.50 per share. The fund has been increasing its distributions for 5 consecutive years.

The table displays the monthly dividend distributions for HSBC MSCI Canada UCITS ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the HSBC MSCI Canada UCITS ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the HSBC MSCI Canada UCITS ETF was 43.05%, occurring on Jan 20, 2016. Recovery took 996 trading sessions.

The chart below shows the rolling one-month volatility.