EEI.L vs. HSEP.L

Last updated Jun 5, 2026

EEI.L (WisdomTree Europe Equity Income UCITS ETF) and HSEP.L (HSBC Europe Sustainable Equity UCITS ETF EUR) are both Europe Equities funds - EEI.L tracks the MSCI Europe High Div Yld NR EUR while HSEP.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, EEI.L returned 6.38%/yr vs 9.61%/yr for HSEP.L. Their correlation of 0.81 suggests significant overlap in exposure. EEI.L charges 0.29%/yr vs 0.15%/yr for HSEP.L.

Performance

EEI.L vs. HSEP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Europe Equity Income UCITS ETF (EEI.L) and HSBC Europe Sustainable Equity UCITS ETF EUR (HSEP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EEI.L is traded in GBp, while HSEP.L is traded in GBP. To make them comparable, the HSEP.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with EEI.L having a 10.61% return and HSEP.L slightly higher at 10.84%.

EEI.L

• 1D: -0.21%
• 1M: 1.61%
• YTD: 10.61%
• 6M: 13.56%
• 1Y: 22.61%
• 3Y*: 10.39%
• 5Y*: 6.38%
• 10Y*: 4.18%

HSEP.L

• 1D: -0.04%
• 1M: 5.24%
• YTD: 10.84%
• 6M: 13.51%
• 1Y: 22.82%
• 3Y*: 15.06%
• 5Y*: 9.61%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EEI.L vs. HSEP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EEI.L WisdomTree Europe Equity Income UCITS ETF	10.61%	26.84%	-7.65%	5.93%	0.84%	5.79%	-2.06%
HSEP.L HSBC Europe Sustainable Equity UCITS ETF EUR	10.84%	25.17%	4.63%	13.07%	-6.18%	11.05%	10.18%

Correlation

The correlation between EEI.L and HSEP.L is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jun 8, 2020	0.81

The correlation between EEI.L and HSEP.L has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.

EEI.L vs. HSEP.L - Sectors Allocation Comparison

Sectors	EEI.L	HSEP.L
Financial Services	24.7%	28.5%
Utilities	16.7%	6.4%
Industrials	15.3%	14.5%
Energy	11.6%	1.3%
Communication Services	8.6%	3.7%
Basic Materials	8.3%	2.9%
Real Estate	4.8%	0.2%
Consumer Cyclical	3.3%	5.4%
Healthcare	2.8%	9.1%
Consumer Defensive	2.3%	16.3%
Technology	1.5%	11.7%

Return for Risk

EEI.L vs. HSEP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EEI.L

EEI.L Risk / Return Rank: 60
EEI.L Sharpe Ratio Rank: 63
EEI.L Sortino Ratio Rank: 58
EEI.L Omega Ratio Rank: 64
EEI.L Calmar Ratio Rank: 56
EEI.L Martin Ratio Rank: 60

HSEP.L

HSEP.L Risk / Return Rank: 48
HSEP.L Sharpe Ratio Rank: 51
HSEP.L Sortino Ratio Rank: 51
HSEP.L Omega Ratio Rank: 53
HSEP.L Calmar Ratio Rank: 41
HSEP.L Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EEI.L vs. HSEP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Equity Income UCITS ETF (EEI.L) and HSBC Europe Sustainable Equity UCITS ETF EUR (HSEP.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.

	EEI.L	HSEP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.07	1.73	+0.34
Sortino ratio: Return per unit of downside risk	2.72	2.42	+0.30
Omega ratio: Gain probability vs. loss probability	1.38	1.32	+0.06
Calmar ratio: Return relative to maximum drawdown	2.71	1.96	+0.75
Martin ratio: Return relative to average drawdown	10.53	7.14	+3.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EEI.L vs. HSEP.L - Sharpe Ratio Comparison

The current EEI.L Sharpe Ratio is 2.07, which is comparable to the HSEP.L Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of EEI.L and HSEP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EEI.L	HSEP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	1.73	+0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.68	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.77	-0.56

Drawdowns

EEI.L vs. HSEP.L - Drawdown Comparison

The maximum EEI.L drawdown since its inception was -37.68%, which is greater than HSEP.L's maximum drawdown of -17.96%. Use the drawdown chart below to compare losses from any high point for EEI.L and HSEP.L.

Drawdown Indicators

	EEI.L	HSEP.L	Difference
Max Drawdown Largest peak-to-trough decline	-37.68%	-17.96%	-19.72%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	-11.57%	+3.28%
Max Drawdown (3Y) Largest decline over 3 years	-14.75%	-11.79%	-2.96%
Max Drawdown (5Y) Largest decline over 5 years	-17.71%	-17.96%	+0.25%
Max Drawdown (10Y) Largest decline over 10 years	-37.68%	—	—
Current Drawdown Current decline from peak	-0.98%	-0.94%	-0.04%
Average Drawdown Average peak-to-trough decline	-11.38%	-3.47%	-7.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	3.19%	-1.05%

Volatility

EEI.L vs. HSEP.L - Volatility Comparison

The current volatility for WisdomTree Europe Equity Income UCITS ETF (EEI.L) is 3.45%, while HSBC Europe Sustainable Equity UCITS ETF EUR (HSEP.L) has a volatility of 4.61%. This indicates that EEI.L experiences smaller price fluctuations and is considered to be less risky than HSEP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EEI.L	HSEP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	4.61%	-1.16%
Volatility (6M) Calculated over the trailing 6-month period	8.55%	11.07%	-2.52%
Volatility (1Y) Calculated over the trailing 1-year period	10.89%	13.15%	-2.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.75%	14.17%	-0.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.52%	14.52%	+1.00%

EEI.L vs. HSEP.L - Expense Ratio Comparison

EEI.L has a 0.29% expense ratio, which is higher than HSEP.L's 0.15% expense ratio.

Dividends

EEI.L vs. HSEP.L - Dividend Comparison

EEI.L's dividend yield for the trailing twelve months is around 0.05%, while HSEP.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EEI.L WisdomTree Europe Equity Income UCITS ETF	0.05%	0.05%	0.07%	0.06%	0.05%	0.05%	0.06%	0.06%	0.05%	0.04%	0.03%	0.04%
HSEP.L HSBC Europe Sustainable Equity UCITS ETF EUR	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EEI.L and HSEP.L in my portfolio?

EEI.L and HSEP.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EEI.L or HSEP.L?

On fees, HSEP.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EEI.L or HSEP.L?

HSEP.L is cheaper with a 0.15% expense ratio, compared with 0.29% for EEI.L.

What is the main difference between EEI.L and HSEP.L?

EEI.L tracks MSCI Europe High Div Yld NR EUR, while HSEP.L tracks MSCI Europe NR EUR. They also come from different issuers: WisdomTree and HSBC. Their fees differ too: 0.29% for EEI.L and 0.15% for HSEP.L.