- Issuer
- HSBC
- Inception Date
- Nov 10, 2021
- Category
- Japan Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- HSBC MSCI Japan Climate Paris Aligned UCITS ETF
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
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Performance
HPJP.L Performance Chart
HSBC MSCI Japan Climate Paris Aligned UCITS ETF (HPJP.L) is up 7.8% since the beginning of the year. HPJP.L is currently trading at $19 per share.
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Returns By Period
HSBC MSCI Japan Climate Paris Aligned UCITS ETF (HPJP.L) has returned 7.76% so far this year and 24.60% over the past 12 months.
HSBC MSCI Japan Climate Paris Aligned UCITS ETF
- 1D
- -1.56%
- 1M
- -1.56%
- 6M
- 2.77%
- YTD
- 7.76%
- 1Y
- 24.60%
- 3Y*
- 9.93%
- 5Y*
- —
- 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%
HPJP.L Monthly Returns History
Based on dividend-adjusted daily data since Nov 10, 2021, HPJP.L's average daily return is +0.02%, while the average monthly return is +0.32%. At this rate, an investment would double in approximately 18.1 years.
Historically, 56% of months were positive and 44% were negative. The best month was Apr 2026 with a return of +9.1%, while the worst month was Mar 2026 at -12.3%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, HPJP.L closed higher 51% of trading days. The best single day was Jan 23, 2024 with a return of +25.5%, while the worst single day was Jan 16, 2024 at -22.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.05% | 6.14% | -12.29% | 9.13% | 3.35% | 0.52% | -1.87% | 7.76% | |||||
| 2025 | 3.45% | -1.63% | -2.42% | 5.59% | 3.02% | 3.84% | -2.51% | 4.89% | 2.88% | 6.56% | -2.40% | 0.46% | 23.28% |
| 2024 | 0.95% | 2.97% | 1.11% | -7.13% | -0.14% | 0.28% | 4.60% | 4.73% | -1.21% | -4.83% | 0.27% | -3.98% | -3.07% |
| 2023 | 6.74% | -4.90% | 5.63% | -0.59% | 1.86% | 2.63% | 1.64% | -3.64% | 0.29% | -6.45% | 7.82% | 5.39% | 16.34% |
| 2022 | -10.42% | -0.13% | -2.36% | -8.41% | -0.45% | -8.09% | 8.39% | -3.95% | -8.29% | 1.89% | 9.04% | -2.25% | -24.08% |
| 2021 | -2.78% | 1.03% | -1.77% |
Benchmark Metrics
HSBC MSCI Japan Climate Paris Aligned UCITS ETF has an annualized alpha of -0.52%, beta of 0.45, and R2 of 0.10 versus S&P 500 Index. Calculated based on daily prices since November 10, 2021.
- This ETF participated in 107.95% of S&P 500 Index downside but only 69.91% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.45 may look defensive, but with R2 of 0.10 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 0.10 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
- -0.52%
- Beta
- 0.45
- R²
- 0.10
- Upside Capture
- 69.91%
- Downside Capture
- 107.95%
Expense Ratio
HPJP.L has an expense ratio of 0.18%, which is considered low.
Return for Risk
Risk / Return Rank
HPJP.L ranks 39 for risk / return — below 39% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for HSBC MSCI Japan Climate Paris Aligned UCITS ETF (HPJP.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.
| HPJP.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.31 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.35 | -0.59 |
| Martin ratioReturn relative to average drawdown | 5.75 | 10.19 | -4.44 |
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 Japan 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 MSCI Japan Climate Paris Aligned UCITS ETF was 33.79%, occurring on Oct 13, 2022. Recovery took 730 trading sessions.
The current HSBC MSCI Japan Climate Paris Aligned UCITS ETF drawdown is 4.69%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-33.79%Oct 2022 | 10mo 25d | 2y 11mo | 3y 10moNov 2021 - Oct 2025 | Bear market2022 |
-13.95%Mar 2026 | 1mo 13d | 2mo 22d | 4mo 5dFeb 2026 - Jun 2026 | — |
-6.41%Jul 2026 | 15d | — | 23dJun 2026 - now | — |
-5.24%Nov 2025 | 22d | 1mo 15d | 2mo 7dOct 2025 - Jan 2026 | — |
-4.76%Oct 2025 | 3d | 10d | 13dOct 2025 - Oct 2025 | — |
Drawdown Indicators
| HPJP.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.79% | -56.78% | +22.99% |
Max Drawdown (1Y)Largest decline over 1 year | -13.95% | -9.10% | -4.85% |
Max Drawdown (3Y)Largest decline over 3 years | -24.10% | -18.90% | -5.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -4.69% | -0.49% | -4.20% |
Average DrawdownAverage peak-to-trough decline | -15.31% | -10.70% | -4.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 2.09% | +2.18% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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