- Issuer
- HSBC
- Inception Date
- Mar 24, 2026
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- HSBC ETFs PLC - HSBC MSCI World Climate Paris Aligned UCITS ETF
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
HPAW.L Performance Chart
HSBC ETFs PLC - HSBC MSCI World Climate Paris Aligned UCITS ETF (HPAW.L) is up 6.2% since the beginning of the year. HPAW.L is currently trading at $38 per share. Investors who bought $1,000 worth of HPAW.L shares 5 years ago would now be looking at an investment worth $1,580.
Loading charts...
Returns By Period
HSBC ETFs PLC - HSBC MSCI World Climate Paris Aligned UCITS ETF (HPAW.L) has returned 6.16% so far this year and 16.79% over the past 12 months.
HSBC ETFs PLC - HSBC MSCI World Climate Paris Aligned UCITS ETF
- 1D
- 0.24%
- 1M
- 0.03%
- 6M
- 6.34%
- YTD
- 6.16%
- 1Y
- 16.79%
- 3Y*
- 16.39%
- 5Y*
- 9.58%
- 10Y*
- —
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%
HPAW.L Monthly Returns History
Based on dividend-adjusted daily data since Jul 7, 2021, HPAW.L's average daily return is +0.04%, while the average monthly return is +0.84%. At this rate, an investment would double in approximately 6.9 years.
Historically, 59% of months were positive and 41% were negative. The best month was Apr 2026 with a return of +11.0%, while the worst month was Apr 2022 at -8.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, HPAW.L closed higher 53% of trading days. The best single day was Apr 10, 2025 with a return of +5.4%, while the worst single day was Apr 4, 2025 at -4.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.28% | -0.85% | -7.37% | 10.98% | 5.14% | -1.82% | 1.19% | 6.16% | |||||
| 2025 | 2.70% | -3.25% | -4.96% | 1.55% | 7.13% | 3.70% | 2.00% | 1.53% | 3.20% | 2.72% | -0.34% | 1.20% | 17.97% |
| 2024 | 1.23% | 3.01% | 2.69% | -3.69% | 3.49% | 3.70% | 1.79% | 2.42% | 2.60% | -1.74% | 4.01% | -1.99% | 18.58% |
| 2023 | 6.91% | -1.49% | 2.69% | 1.79% | -0.27% | 5.75% | 2.82% | -2.25% | -4.64% | -3.97% | 10.83% | 6.12% | 25.68% |
| 2022 | -8.20% | -1.27% | 3.43% | -8.42% | -2.85% | -7.97% | 8.26% | -4.21% | -8.26% | 4.79% | 4.52% | -2.14% | -21.73% |
| 2021 | 1.08% | 2.85% | -3.98% | 5.36% | -1.03% | 3.33% | 7.56% |
Benchmark Metrics
HSBC ETFs PLC - HSBC MSCI World Climate Paris Aligned UCITS ETF has an annualized alpha of 3.68%, beta of 0.52, and R2 of 0.29 versus S&P 500 Index. Calculated based on daily prices since July 07, 2021.
- This ETF participated in 101.10% of S&P 500 Index downside but only 90.91% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.52 may look defensive, but with R2 of 0.29 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 0.29 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
- 3.68%
- Beta
- 0.52
- R²
- 0.29
- Upside Capture
- 90.91%
- Downside Capture
- 101.10%
Return for Risk
Risk / Return Rank
HPAW.L ranks 44 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for HSBC ETFs PLC - HSBC MSCI World Climate Paris Aligned UCITS ETF (HPAW.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.
| HPAW.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.31 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 2.35 | -0.69 |
| Martin ratioReturn relative to average drawdown | 6.44 | 10.19 | -3.75 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the HSBC ETFs PLC - HSBC MSCI World Climate Paris Aligned 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 ETFs PLC - HSBC MSCI World Climate Paris Aligned UCITS ETF was 29.31%, occurring on Oct 12, 2022. Recovery took 333 trading sessions.
The current HSBC ETFs PLC - HSBC MSCI World Climate Paris Aligned UCITS ETF drawdown is 1.00%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-29.31%Oct 2022 | 9mo 15d | 1y 3mo | 2y 1moDec 2021 - Feb 2024 | Bear market2022 |
-17.47%Apr 2025 | 3mo 29d | 1mo 27d | 5mo 26dDec 2024 - Jun 2025 | 2025 selloff2025 |
-10.10%Mar 2026 | 2mo 1d | 18d | 2mo 19dJan 2026 - Apr 2026 | — |
-7.20%Aug 2024 | 20d | 16d | 1mo 6dJul 2024 - Aug 2024 | — |
-6.45%Oct 2021 | 29d | 20d | 1mo 19dSep 2021 - Oct 2021 | — |
Drawdown Indicators
| HPAW.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.31% | -56.78% | +27.47% |
Max Drawdown (1Y)Largest decline over 1 year | -10.10% | -9.10% | -1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -17.47% | -18.90% | +1.43% |
Max Drawdown (5Y)Largest decline over 5 years | -29.31% | -25.43% | -3.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.00% | -0.49% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -10.70% | +3.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 2.09% | +0.51% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with HPAW.L
Add HSBC ETFs PLC - HSBC MSCI World Climate Paris Aligned UCITS ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with HPAW.L