DRVG.L vs. HSTE.L
DRVG.L (Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing) and HSTE.L (HSBC Hang Seng Tech UCITS ETF) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from Global X and HSBC respectively. Both are passively managed. Over the past 3 years, DRVG.L returned 15.86%/yr vs 4.18%/yr for HSTE.L. A 0.51 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.
Performance
DRVG.L vs. HSTE.L - Performance Comparison
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Different Trading Currencies
DRVG.L is traded in GBP, while HSTE.L is traded in USD. To make them comparable, the HSTE.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, DRVG.L achieves a 32.17% return, which is significantly higher than HSTE.L's -18.59% return.
DRVG.L
- 1D
- -3.99%
- 1M
- -2.67%
- YTD
- 32.17%
- 6M
- 31.68%
- 1Y
- 78.07%
- 3Y*
- 15.86%
- 5Y*
- —
- 10Y*
- —
HSTE.L
- 1D
- -2.88%
- 1M
- -6.10%
- YTD
- -18.59%
- 6M
- -17.36%
- 1Y
- -12.16%
- 3Y*
- 4.18%
- 5Y*
- -10.25%
- 10Y*
- —
DRVG.L vs. HSTE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DRVG.L Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing | 32.17% | 20.54% | -3.43% | 20.49% | -26.05% | -29.03% |
HSTE.L HSBC Hang Seng Tech UCITS ETF | -18.59% | 15.76% | 21.74% | -13.03% | -19.43% | -14.02% |
Correlation
The correlation between DRVG.L and HSTE.L is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021 | 0.51 |
The correlation between DRVG.L and HSTE.L has been stable across timeframes, ranging from 0.51 to 0.56 - a consistent structural relationship.
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Return for Risk
DRVG.L vs. HSTE.L — Risk / Return Rank
DRVG.L
HSTE.L
DRVG.L vs. HSTE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing (DRVG.L) and HSBC Hang Seng Tech UCITS ETF (HSTE.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| DRVG.L | HSTE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.69 | ||
| Sortino ratioReturn per unit of downside risk | +4.51 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 0.94 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 6.98 | -0.37 | +7.35 |
| Martin ratioReturn relative to average drawdown | 19.63 | -0.68 | +20.31 |
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Drawdowns
DRVG.L vs. HSTE.L - Drawdown Comparison
The maximum DRVG.L drawdown since its inception was -54.13%, smaller than the maximum HSTE.L drawdown of -94.97%. Use the drawdown chart below to compare losses from any high point for DRVG.L and HSTE.L.
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Drawdown Indicators
| DRVG.L | HSTE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.13% | -94.97% | +40.84% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -32.56% | +21.43% |
Max Drawdown (3Y)Largest decline over 3 years | -33.63% | -33.89% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | — | -60.65% | — |
Current DrawdownCurrent decline from peak | -7.68% | -92.81% | +85.13% |
Average DrawdownAverage peak-to-trough decline | -36.13% | -91.59% | +55.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 17.83% | -13.86% |
Volatility
DRVG.L vs. HSTE.L - Volatility Comparison
Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing (DRVG.L) has a higher volatility of 9.99% compared to HSBC Hang Seng Tech UCITS ETF (HSTE.L) at 9.28%. This indicates that DRVG.L's price experiences larger fluctuations and is considered to be riskier than HSTE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRVG.L | HSTE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.99% | 9.28% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 18.44% | 19.88% | -1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.98% | 26.68% | -2.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.98% | 38.06% | -10.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.98% | 52.71% | -24.73% |
DRVG.L vs. HSTE.L - Expense Ratio Comparison
Both DRVG.L and HSTE.L have an expense ratio of 0.50%.
Dividends
DRVG.L vs. HSTE.L - Dividend Comparison
DRVG.L's dividend yield for the trailing twelve months is around 0.57%, while HSTE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DRVG.L Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing | 0.57% | 0.94% | 1.38% | 0.83% | 0.67% |
HSTE.L HSBC Hang Seng Tech UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DRVG.L and HSTE.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
DRVG.L and HSTE.L have the same expense ratio: 0.50% per year.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: Global X and HSBC.
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