- Issuer
- HSBC
- Inception Date
- Feb 23, 2011
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- HSBC MSCI Canada UCITS ETF
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
HCAN.L Performance Chart
HSBC MSCI Canada UCITS ETF (HCAN.L) is up 9.6% since the beginning of the year. HCAN.L is currently trading at £27 per share. Investors who bought £1,000 worth of HCAN.L shares 5 years ago would now be looking at an investment worth £1,835.
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Returns By Period
HSBC MSCI Canada UCITS ETF (HCAN.L) has returned 9.55% so far this year and 29.38% over the past 12 months. Over the last ten years, HCAN.L has returned 10.39% per year, falling short of the S&P 500 Index benchmark, which averaged 13.06% annually.
HSBC MSCI Canada UCITS ETF
- 1D
- -0.17%
- 1M
- 0.23%
- 6M
- 7.92%
- YTD
- 9.55%
- 1Y
- 29.38%
- 3Y*
- 20.05%
- 5Y*
- 12.91%
- 10Y*
- 10.39%
Benchmark (S&P 500 Index)
- 1D
- -0.66%
- 1M
- -0.64%
- 6M
- 8.66%
- YTD
- 10.17%
- 1Y
- 19.99%
- 3Y*
- 17.60%
- 5Y*
- 12.23%
- 10Y*
- 13.06%
HCAN.L Monthly Returns History
Based on dividend-adjusted daily data since Feb 24, 2011, HCAN.L's average daily return is +0.03%, while the average monthly return is +0.64%. At this rate, an investment would double in approximately 9.1 years.
Historically, 59% of months were positive and 41% were negative. The best month was Apr 2020 with a return of +10.6%, while the worst month was Mar 2020 at -17.4%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.
On a daily basis, HCAN.L closed higher 53% of trading days. The best single day was Mar 25, 2020 with a return of +9.1%, while the worst single day was Mar 12, 2020 at -10.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.94% | 7.87% | -4.91% | 4.33% | 2.06% | -0.04% | 1.30% | 9.55% | |||||
| 2025 | 5.30% | -3.48% | -3.55% | 0.79% | 5.20% | 1.35% | 4.46% | 2.88% | 3.78% | 3.12% | 3.36% | 2.05% | 27.77% |
| 2024 | 0.63% | 0.43% | 4.31% | -2.02% | 0.10% | -0.04% | 2.60% | 1.25% | 0.93% | 2.27% | 7.89% | -4.76% | 13.87% |
| 2023 | 6.16% | -2.41% | -2.01% | 1.18% | -4.18% | 3.41% | 2.68% | -2.17% | 1.04% | -5.61% | 5.25% | 6.07% | 8.86% |
| 2022 | -0.77% | 1.27% | 8.71% | -3.14% | 0.17% | -7.45% | 4.81% | 1.13% | -3.76% | 1.94% | 1.14% | -4.99% | -1.98% |
| 2021 | -1.23% | 3.17% | 6.05% | 4.40% | 3.34% | 1.49% | -0.66% | 2.09% | -0.63% | 5.76% | -0.94% | 0.80% | 25.93% |
Benchmark Metrics
HSBC MSCI Canada UCITS ETF has an annualized alpha of 1.47%, beta of 0.46, and R2 of 0.23 versus S&P 500 Index. Calculated based on daily prices since February 24, 2011.
- This ETF participated in 82.96% of S&P 500 Index downside but only 62.28% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.46 may look defensive, but with R2 of 0.23 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 0.23 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.
- Alpha
- 1.47%
- Beta
- 0.46
- R²
- 0.23
- Upside Capture
- 62.28%
- Downside Capture
- 82.96%
Expense Ratio
HCAN.L has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HCAN.L ranks 92 for risk / return — in the top 92% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for HSBC MSCI Canada UCITS ETF (HCAN.L) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HCAN.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.31 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.22 | 2.50 | +1.72 |
| Martin ratioReturn relative to average drawdown | 16.91 | 9.11 | +7.81 |
Dividends
Dividend History
HSBC MSCI Canada UCITS ETF provided a 1.39% dividend yield over the last twelve months, with an annual payout of £0.37 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | £0.37 | £0.38 | £0.38 | £0.37 | £0.31 | £0.26 | £0.27 | £0.14 | £0.00 | £0.11 | £0.21 | £0.19 |
Dividend yield | 1.39% | 1.55% | 1.97% | 2.14% | 1.90% | 1.53% | 1.93% | 1.04% | 0.00% | 0.81% | 1.60% | 2.17% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | £0.18 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.18 | |||||
| 2025 | £0.19 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.19 | £0.00 | £0.00 | £0.00 | £0.00 | £0.38 |
| 2024 | £0.19 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.19 | £0.00 | £0.00 | £0.00 | £0.00 | £0.38 |
| 2023 | £0.19 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.19 | £0.00 | £0.00 | £0.00 | £0.00 | £0.37 |
| 2022 | £0.14 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.17 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.31 |
| 2021 | £0.13 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.13 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.26 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
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 34.05%, occurring on Jan 20, 2016. Recovery took 140 trading sessions.
The current HSBC MSCI Canada UCITS ETF drawdown is 0.73%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-34.05%Jan 2016 | 1y 4mo | 6mo 22d | 1y 11moSep 2014 - Aug 2016 | — |
-33.72%Mar 2020 | 1mo 1d | 9mo 20d | 10mo 21dFeb 2020 - Jan 2021 | COVID crash2020 |
-26.42%Oct 2011 | 6mo 2d | 2y 10mo | 3y 4moApr 2011 - Aug 2014 | — |
-17.56%Dec 2018 | 3mo 27d | 5mo 26d | 9mo 23dAug 2018 - Jun 2019 | Rate-hike selloffLate 2018 |
-15.53%Mar 2018 | 2mo 17d | 4mo 27d | 7mo 14dJan 2018 - Aug 2018 | — |
Drawdown Indicators
| HCAN.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.05% | -37.07% | +3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -7.11% | -8.03% | +0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -14.21% | -22.15% | +7.94% |
Max Drawdown (5Y)Largest decline over 5 years | -14.21% | -22.15% | +7.94% |
Max Drawdown (10Y)Largest decline over 10 years | -33.72% | -26.01% | -7.71% |
Current DrawdownCurrent decline from peak | -0.73% | -1.42% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -5.29% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 2.20% | -0.42% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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