- Issuer
- HSBC
- Inception Date
- Jun 28, 2022
- Category
- Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- HSBC Emerging Market Screened Equity UCITS ETF
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
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Performance
HSEM.L Performance Chart
HSBC Emerging Market Screened Equity UCITS ETF (HSEM.L) is up 12.5% since the beginning of the year. HSEM.L is currently trading at $22 per share. Investors who bought $1,000 worth of HSEM.L shares 5 years ago would now be looking at an investment worth $1,378.
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Returns By Period
HSBC Emerging Market Screened Equity UCITS ETF (HSEM.L) has returned 12.47% so far this year and 26.78% over the past 12 months.
HSBC Emerging Market Screened Equity UCITS ETF
- 1D
- -0.78%
- 1M
- -2.74%
- 6M
- 7.42%
- YTD
- 12.47%
- 1Y
- 26.78%
- 3Y*
- 18.14%
- 5Y*
- 6.62%
- 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%
HSEM.L Monthly Returns History
Based on dividend-adjusted daily data since Aug 27, 2020, HSEM.L's average daily return is +0.04%, while the average monthly return is +0.79%. At this rate, an investment would double in approximately 7.3 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2022 with a return of +14.8%, while the worst month was Sep 2022 at -10.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, HSEM.L closed higher 50% of trading days. The best single day was Mar 16, 2022 with a return of +6.3%, while the worst single day was Apr 4, 2025 at -5.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.58% | 2.56% | -8.89% | 11.28% | 3.84% | -2.68% | 0.43% | 12.47% | |||||
| 2025 | 2.23% | -0.64% | 1.29% | -0.76% | 4.43% | 6.09% | 1.91% | 3.36% | 7.43% | 0.41% | -1.28% | 2.12% | 29.57% |
| 2024 | -3.17% | 3.82% | 2.78% | 0.15% | 0.80% | 3.91% | 1.53% | 1.99% | 8.68% | -3.34% | -2.37% | 0.07% | 15.18% |
| 2023 | 7.96% | -7.01% | 2.59% | -0.61% | -3.93% | 5.37% | 4.79% | -6.31% | -2.71% | -3.42% | 5.69% | 3.28% | 4.33% |
| 2022 | 0.32% | -3.47% | -3.40% | -5.87% | 0.15% | -4.69% | -1.38% | 0.39% | -10.40% | -3.20% | 14.76% | -1.09% | -18.08% |
| 2021 | 3.76% | 0.88% | -0.87% | 0.69% | 2.48% | -0.18% | -5.71% | 2.77% | -3.01% | 0.52% | -2.51% | 2.11% | 0.52% |
Benchmark Metrics
HSBC Emerging Market Screened Equity UCITS ETF has an annualized alpha of 2.36%, beta of 0.46, and R2 of 0.18 versus S&P 500 Index. Calculated based on daily prices since August 27, 2020.
- This ETF participated in 71.55% of S&P 500 Index downside but only 56.59% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.46 may look defensive, but with R2 of 0.18 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 0.18 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
- 2.36%
- Beta
- 0.46
- R²
- 0.18
- Upside Capture
- 56.59%
- Downside Capture
- 71.55%
Expense Ratio
HSEM.L has an expense ratio of 0.18%, which is considered low.
Return for Risk
Risk / Return Rank
HSEM.L ranks 53 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 Emerging Market Screened Equity UCITS ETF (HSEM.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.
| HSEM.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.31 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.35 | 0.00 |
| Martin ratioReturn relative to average drawdown | 7.31 | 10.19 | -2.88 |
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 Emerging Market Screened Equity 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 Emerging Market Screened Equity UCITS ETF was 36.19%, occurring on Oct 24, 2022. Recovery took 678 trading sessions.
The current HSBC Emerging Market Screened Equity UCITS ETF drawdown is 4.12%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-36.19%Oct 2022 | 1y 8mo | 2y 8mo | 4y 4moFeb 2021 - Jul 2025 | Bear market2022 |
-11.15%Mar 2026 | 22d | 28d | 1mo 20dFeb 2026 - Apr 2026 | — |
-6.40%Sep 2020 | 8d | 14d | 22dSep 2020 - Oct 2020 | — |
-6.38%Jun 2026 | 7d | — | 1mo 13dJun 2026 - now | — |
-6.08%Nov 2025 | 22d | 1mo 12d | 2mo 4dOct 2025 - Jan 2026 | — |
Drawdown Indicators
| HSEM.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.19% | -56.78% | +20.59% |
Max Drawdown (1Y)Largest decline over 1 year | -11.15% | -9.10% | -2.05% |
Max Drawdown (3Y)Largest decline over 3 years | -17.38% | -18.90% | +1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -31.50% | -25.43% | -6.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -4.12% | -0.49% | -3.63% |
Average DrawdownAverage peak-to-trough decline | -14.08% | -10.70% | -3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 2.09% | +1.49% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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