- Issuer
- HSBC
- Inception Date
- Jul 12, 2022
- Category
- Japan Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
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Performance
HMAD.L Performance Chart
HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF (HMAD.L) is up 26.7% since the beginning of the year. HMAD.L is currently trading at $89 per share. Investors who bought $1,000 worth of HMAD.L shares 5 years ago would now be looking at an investment worth $1,426.
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Returns By Period
HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF (HMAD.L) has returned 26.73% so far this year and 48.95% over the past 12 months. Over the last ten years, HMAD.L has returned 9.94% per year, falling short of the S&P 500 Index benchmark, which averaged 13.36% annually.
HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF
- 1D
- -1.11%
- 1M
- -8.23%
- 6M
- 19.23%
- YTD
- 26.73%
- 1Y
- 48.95%
- 3Y*
- 24.40%
- 5Y*
- 7.36%
- 10Y*
- 9.94%
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
HMAD.L Monthly Returns History
Based on dividend-adjusted daily data since Sep 26, 2013, HMAD.L's average daily return is +0.04%, while the average monthly return is +0.75%. At this rate, an investment would double in approximately 7.7 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2022 with a return of +21.9%, while the worst month was Sep 2022 at -13.2%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 5 months.
On a daily basis, HMAD.L closed higher 51% of trading days. The best single day was Mar 16, 2022 with a return of +8.1%, while the worst single day was Mar 12, 2020 at -10.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.36% | 6.06% | -11.93% | 17.60% | 11.57% | -0.49% | -5.83% | 26.73% | |||||
| 2025 | 2.77% | 2.72% | -1.43% | -1.60% | 6.14% | 7.99% | 3.78% | 3.02% | 8.13% | 4.01% | -2.82% | 3.12% | 41.42% |
| 2024 | -6.27% | 4.60% | 3.41% | 0.84% | 2.24% | 3.37% | -0.79% | 1.19% | 10.00% | -3.13% | -3.07% | -0.20% | 11.84% |
| 2023 | 10.23% | -7.32% | 3.95% | -3.30% | -3.88% | 3.59% | 6.75% | -7.75% | -3.68% | -4.64% | 7.24% | 2.56% | 1.71% |
| 2022 | -2.72% | -2.49% | -4.81% | -5.71% | 1.30% | -3.52% | -3.50% | -1.09% | -13.21% | -7.91% | 21.94% | 1.06% | -21.78% |
| 2021 | 5.05% | 0.45% | -2.71% | 1.56% | 0.16% | 0.41% | -7.91% | 0.02% | -4.29% | 1.00% | -3.68% | 1.40% | -8.81% |
Benchmark Metrics
HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF has an annualized alpha of 2.52%, beta of 0.56, and R2 of 0.23 versus S&P 500 Index. Calculated based on daily prices since September 26, 2013.
- This ETF participated in 81.87% of S&P 500 Index downside but only 70.27% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.56 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
- 2.52%
- Beta
- 0.56
- R²
- 0.23
- Upside Capture
- 70.27%
- Downside Capture
- 81.87%
Expense Ratio
HMAD.L has an expense ratio of 0.45%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HMAD.L ranks 77 for risk / return — better than 77% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF (HMAD.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.
| HMAD.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.31 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 2.35 | +1.43 |
| Martin ratioReturn relative to average drawdown | 11.13 | 10.19 | +0.94 |
Dividends
Dividend History
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 AC FAR EAST ex JAPAN 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 AC FAR EAST ex JAPAN UCITS ETF was 50.05%, occurring on Oct 24, 2022. Recovery took 759 trading sessions.
The current HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF drawdown is 10.65%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-50.05%Oct 2022 | 1y 8mo | 3y 4d | 4y 8moFeb 2021 - Oct 2025 | Bear market2022 |
-32.93%Jan 2016 | 8mo 27d | 1y 4mo | 2y 1moApr 2015 - Jun 2017 | — |
-31.93%Mar 2020 | 2y 1mo | 5mo 5d | 2y 6moJan 2018 - Aug 2020 | COVID crash2020 |
-12.83%Mar 2026 | 1mo 3d | 17d | 1mo 20dFeb 2026 - Apr 2026 | — |
-10.84%Dec 2014 | 3mo 11d | 3mo 24d | 7mo 5dSep 2014 - Apr 2015 | — |
Drawdown Indicators
| HMAD.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.05% | -56.78% | +6.73% |
Max Drawdown (1Y)Largest decline over 1 year | -12.83% | -9.10% | -3.73% |
Max Drawdown (3Y)Largest decline over 3 years | -19.56% | -18.90% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -43.66% | -25.43% | -18.23% |
Max Drawdown (10Y)Largest decline over 10 years | -50.05% | -33.92% | -16.13% |
Current DrawdownCurrent decline from peak | -10.65% | -0.49% | -10.16% |
Average DrawdownAverage peak-to-trough decline | -16.49% | -10.70% | -5.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.37% | 2.09% | +2.28% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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