ESIT.L vs. HNSS.L
ESIT.L (iShares MSCI Europe Information Technology Sector UCITS ETF) and HNSS.L (HSBC Nasdaq Global Semiconductor UCITS ETF) are both exchange-traded funds - ESIT.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while HNSS.L is a Semiconductors fund tracking the Nasdaq Global Semiconductor Index. Both are passively managed. Over the past 3 years, ESIT.L returned 24.63%/yr vs 59.57%/yr for HNSS.L. Their correlation of 0.81 suggests significant overlap in exposure. ESIT.L charges 0.18%/yr vs 0.35%/yr for HNSS.L.
Performance
ESIT.L vs. HNSS.L - Performance Comparison
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Returns By Period
In the year-to-date period, ESIT.L achieves a 51.10% return, which is significantly lower than HNSS.L's 97.02% return.
ESIT.L
- 1D
- -0.34%
- 1M
- 23.02%
- YTD
- 51.10%
- 6M
- 49.13%
- 1Y
- 68.29%
- 3Y*
- 24.63%
- 5Y*
- 15.12%
- 10Y*
- —
HNSS.L
- 1D
- 1.61%
- 1M
- 31.57%
- YTD
- 97.02%
- 6M
- 99.27%
- 1Y
- 206.01%
- 3Y*
- 59.57%
- 5Y*
- —
- 10Y*
- —
ESIT.L vs. HNSS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ESIT.L iShares MSCI Europe Information Technology Sector UCITS ETF | 51.10% | 14.83% | 2.77% | 32.26% | -13.07% |
HNSS.L HSBC Nasdaq Global Semiconductor UCITS ETF | 97.02% | 45.50% | 19.96% | 60.90% | -19.12% |
Correlation
The correlation between ESIT.L and HNSS.L is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.81 |
The correlation between ESIT.L and HNSS.L has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.
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Return for Risk
ESIT.L vs. HNSS.L — Risk / Return Rank
ESIT.L
HNSS.L
ESIT.L vs. HNSS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Information Technology Sector UCITS ETF (ESIT.L) and HSBC Nasdaq Global Semiconductor UCITS ETF (HNSS.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.
| ESIT.L | HNSS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.83 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 5.80 | 15.56 | -9.75 |
| Martin ratioReturn relative to average drawdown | 14.60 | 53.42 | -38.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ESIT.L | HNSS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.78 | 6.48 | -3.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 1.37 | -0.65 |
Drawdowns
ESIT.L vs. HNSS.L - Drawdown Comparison
The maximum ESIT.L drawdown since its inception was -37.50%, roughly equal to the maximum HNSS.L drawdown of -36.83%. Use the drawdown chart below to compare losses from any high point for ESIT.L and HNSS.L.
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Drawdown Indicators
| ESIT.L | HNSS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.50% | -36.83% | -0.67% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -13.16% | +1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -24.87% | -36.83% | +11.96% |
Max Drawdown (5Y)Largest decline over 5 years | -37.50% | — | — |
Current DrawdownCurrent decline from peak | -0.34% | 0.00% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -11.53% | -9.56% | -1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.66% | 3.84% | +0.82% |
Volatility
ESIT.L vs. HNSS.L - Volatility Comparison
The current volatility for iShares MSCI Europe Information Technology Sector UCITS ETF (ESIT.L) is 9.46%, while HSBC Nasdaq Global Semiconductor UCITS ETF (HNSS.L) has a volatility of 13.37%. This indicates that ESIT.L experiences smaller price fluctuations and is considered to be less risky than HNSS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESIT.L | HNSS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.46% | 13.37% | -3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 19.86% | 24.40% | -4.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.50% | 31.66% | -7.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.01% | 30.10% | -5.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.65% | 30.10% | -5.45% |
ESIT.L vs. HNSS.L - Expense Ratio Comparison
ESIT.L has a 0.18% expense ratio, which is lower than HNSS.L's 0.35% expense ratio.
Dividends
ESIT.L vs. HNSS.L - Dividend Comparison
Neither ESIT.L nor HNSS.L has paid dividends to shareholders.
Frequently Asked Questions
ESIT.L and HNSS.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESIT.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIT.L is cheaper with a 0.18% expense ratio, compared with 0.35% for HNSS.L.
ESIT.L is categorized as Technology Equities, while HNSS.L is Semiconductors. ESIT.L tracks MSCI World/Information Tech NR USD, while HNSS.L tracks Nasdaq Global Semiconductor Index. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.18% for ESIT.L and 0.35% for HNSS.L.
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