ETH-USD vs. HSTE.L

Last updated Jun 14, 2026

ETH-USD (Ethereum) is a cryptocurrency, while HSTE.L (HSBC Hang Seng Tech UCITS ETF) is Technology Equities fund tracking the MSCI World/Information Tech NR USD. Over the past 5 years, ETH-USD returned -8.23%/yr vs -9.96%/yr for HSTE.L. At a 0.18 correlation, their price movements are largely independent.

Performance

ETH-USD vs. HSTE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ethereum (ETH-USD) and HSBC Hang Seng Tech UCITS ETF (HSTE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETH-USD achieves a -43.34% return, which is significantly lower than HSTE.L's -15.63% return.

ETH-USD

• 1D: 0.93%
• 1M: -26.37%
• YTD: -43.34%
• 6M: -46.03%
• 1Y: -34.85%
• 3Y*: 0.61%
• 5Y*: -8.23%
• 10Y*: 57.05%

HSTE.L

• 1D: 1.56%
• 1M: -7.38%
• YTD: -15.63%
• 6M: -15.96%
• 1Y: -10.18%
• 3Y*: 5.51%
• 5Y*: -9.96%
• 10Y*: —

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

ETH-USD vs. HSTE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ETH-USD Ethereum	-43.34%	-10.91%	46.00%	90.84%	-67.48%	398.30%	32.96%
HSTE.L HSBC Hang Seng Tech UCITS ETF	-15.63%	24.64%	19.65%	-8.46%	-27.99%	-32.88%	-86.54%

Correlation

The correlation between ETH-USD and HSTE.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Dec 9, 2020	0.18

Return for Risk

ETH-USD vs. HSTE.L — Risk / Return Rank

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

ETH-USD

ETH-USD Risk / Return Rank: 69
ETH-USD Sharpe Ratio Rank: 67
ETH-USD Sortino Ratio Rank: 67
ETH-USD Omega Ratio Rank: 67
ETH-USD Calmar Ratio Rank: 73
ETH-USD Martin Ratio Rank: 73

HSTE.L

HSTE.L Risk / Return Rank: 6
HSTE.L Sharpe Ratio Rank: 6
HSTE.L Sortino Ratio Rank: 6
HSTE.L Omega Ratio Rank: 6
HSTE.L Calmar Ratio Rank: 6
HSTE.L Martin Ratio Rank: 6

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.

ETH-USD vs. HSTE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) 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.

	ETH-USD	HSTE.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.52	-0.44	-0.07
Sortino ratio: Return per unit of downside risk	-0.43	-0.47	+0.04
Omega ratio: Gain probability vs. loss probability	0.96	0.95	+0.01
Calmar ratio: Return relative to maximum drawdown	-0.52	-0.39	-0.12
Martin ratio: Return relative to average drawdown	-0.89	-0.71	-0.18

ETH-USD vs. HSTE.L - Sharpe Ratio Comparison

The current ETH-USD Sharpe Ratio is -0.52, which is comparable to the HSTE.L Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of ETH-USD and HSTE.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.

Drawdowns

ETH-USD vs. HSTE.L - Drawdown Comparison

The maximum ETH-USD drawdown since its inception was -94.01%, roughly equal to the maximum HSTE.L drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for ETH-USD and HSTE.L.

Drawdown Indicators

	ETH-USD	HSTE.L	Difference
Max Drawdown Largest peak-to-trough decline	-94.01%	-95.65%	+1.64%
Max Drawdown (1Y) Largest decline over 1 year	-67.53%	-31.01%	-36.52%
Max Drawdown (3Y) Largest decline over 3 years	-67.53%	-34.96%	-32.57%
Max Drawdown (5Y) Largest decline over 5 years	-79.35%	-67.13%	-12.22%
Max Drawdown (10Y) Largest decline over 10 years	-94.01%	—	—
Current Drawdown Current decline from peak	-65.20%	-92.51%	+27.31%
Average Drawdown Average peak-to-trough decline	-50.89%	-91.79%	+40.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	45.49%	17.20%	+28.29%

Volatility

ETH-USD vs. HSTE.L - Volatility Comparison

Ethereum (ETH-USD) has a higher volatility of 17.20% compared to HSBC Hang Seng Tech UCITS ETF (HSTE.L) at 9.98%. This indicates that ETH-USD'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.

Volatility by Period

	ETH-USD	HSTE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.20%	9.98%	+7.22%
Volatility (6M) Calculated over the trailing 6-month period	46.29%	20.46%	+25.83%
Volatility (1Y) Calculated over the trailing 1-year period	56.08%	27.54%	+28.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.55%	39.39%	+20.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	77.88%	53.79%	+24.09%

Frequently Asked Questions

Can I hold both ETH-USD and HSTE.L in my portfolio?

ETH-USD and HSTE.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.