GSKH vs. HSBH

Last updated Jun 6, 2026

GSKH (GSK plc ADRhedged ETF) and HSBH (HSBC Holdings plc ADRhedged ETF) are both exchange-traded funds - GSKH is a Health & Biotech Equities fund tracking the GSK plc Local Shares Total Return, while HSBH is a Financials Equities fund tracking the HSBC Holdings plc Local Shares Total Return. Both are passively managed. Over the past year, GSKH returned 30.78% vs 60.04% for HSBH. At a 0.28 correlation, their price movements are largely independent. Both charge a 0.19% expense ratio.

Performance

GSKH vs. HSBH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GSK plc ADRhedged ETF (GSKH) and HSBC Holdings plc ADRhedged ETF (HSBH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSKH achieves a 7.84% return, which is significantly lower than HSBH's 19.58% return.

GSKH

• 1D: 1.34%
• 1M: 4.57%
• YTD: 7.84%
• 6M: 8.19%
• 1Y: 30.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HSBH

• 1D: -1.17%
• 1M: 1.73%
• YTD: 19.58%
• 6M: 30.69%
• 1Y: 60.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GSKH vs. HSBH - Yearly Performance Comparison

	2026 (YTD)	2025
GSKH GSK plc ADRhedged ETF	7.84%	32.92%
HSBH HSBC Holdings plc ADRhedged ETF	19.58%	40.02%

Correlation

The correlation between GSKH and HSBH is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (All Time) Calculated using the full available price history since Apr 24, 2025	0.28

GSKH vs. HSBH - Sectors Allocation Comparison

Sectors	GSKH	HSBH
Healthcare	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	100.0%
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

GSKH vs. HSBH — Risk / Return Rank

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

GSKH

GSKH Risk / Return Rank: 36
GSKH Sharpe Ratio Rank: 36
GSKH Sortino Ratio Rank: 39
GSKH Omega Ratio Rank: 38
GSKH Calmar Ratio Rank: 37
GSKH Martin Ratio Rank: 30

HSBH

HSBH Risk / Return Rank: 84
HSBH Sharpe Ratio Rank: 88
HSBH Sortino Ratio Rank: 84
HSBH Omega Ratio Rank: 84
HSBH Calmar Ratio Rank: 83
HSBH Martin Ratio Rank: 82

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.

GSKH vs. HSBH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GSK plc ADRhedged ETF (GSKH) and HSBC Holdings plc ADRhedged ETF (HSBH). 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.

	GSKH	HSBH	Difference
Sharpe ratio: Return per unit of total volatility	1.18	2.64	-1.47
Sortino ratio: Return per unit of downside risk	1.82	3.42	-1.60
Omega ratio: Gain probability vs. loss probability	1.23	1.46	-0.23
Calmar ratio: Return relative to maximum drawdown	1.67	4.07	-2.41
Martin ratio: Return relative to average drawdown	4.06	14.96	-10.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSKH vs. HSBH - Sharpe Ratio Comparison

The current GSKH Sharpe Ratio is 1.18, which is lower than the HSBH Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of GSKH and HSBH, 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

	GSKH	HSBH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	2.64	-1.47
Sharpe Ratio (All Time) Calculated using the full available price history	1.19	2.62	-1.43

Drawdowns

GSKH vs. HSBH - Drawdown Comparison

The maximum GSKH drawdown since its inception was -18.54%, which is greater than HSBH's maximum drawdown of -14.81%. Use the drawdown chart below to compare losses from any high point for GSKH and HSBH.

Drawdown Indicators

	GSKH	HSBH	Difference
Max Drawdown Largest peak-to-trough decline	-18.54%	-14.81%	-3.73%
Max Drawdown (1Y) Largest decline over 1 year	-18.54%	-14.81%	-3.73%
Current Drawdown Current decline from peak	-13.28%	-3.52%	-9.76%
Average Drawdown Average peak-to-trough decline	-5.65%	-2.34%	-3.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.61%	4.02%	+3.59%

Volatility

GSKH vs. HSBH - Volatility Comparison

GSK plc ADRhedged ETF (GSKH) and HSBC Holdings plc ADRhedged ETF (HSBH) have volatilities of 6.33% and 6.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSKH	HSBH	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.33%	6.52%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	18.35%	18.58%	-0.23%
Volatility (1Y) Calculated over the trailing 1-year period	26.30%	22.83%	+3.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.08%	22.43%	+4.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.08%	22.43%	+4.65%

GSKH vs. HSBH - Expense Ratio Comparison

Both GSKH and HSBH have an expense ratio of 0.19%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

GSKH vs. HSBH - Dividend Comparison

GSKH's dividend yield for the trailing twelve months is around 1.57%, more than HSBH's 0.34% yield.

Position	TTM	2025
GSKH GSK plc ADRhedged ETF	1.57%	1.15%
HSBH HSBC Holdings plc ADRhedged ETF	0.34%	0.00%

Frequently Asked Questions

Can I hold both GSKH and HSBH in my portfolio?

GSKH and HSBH have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSKH or HSBH?

HSBH has higher volatility (6.52%) compared to GSKH (6.33%). In terms of maximum drawdown, GSKH dropped -18.54% vs HSBH's -14.81%.

Which ETF is better, GSKH or HSBH?

On 1-year performance, HSBH leads with 60.04% vs 30.78% for GSKH. Both ETFs have the same 0.19% expense ratio. On volatility, GSKH has been the lower-risk option at 6.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GSKH or HSBH?

Over the 1-year period, HSBH has performed better with a 60.04% return vs 30.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GSKH or HSBH?

GSKH and HSBH have the same expense ratio: 0.19% per year.

Which ETF pays a higher dividend yield, GSKH or HSBH?

GSKH has the higher dividend yield at 1.57%, compared with 0.34% for HSBH.

What is the main difference between GSKH and HSBH?

GSKH is categorized as Health & Biotech Equities, while HSBH is Financials Equities. GSKH tracks GSK plc Local Shares Total Return, while HSBH tracks HSBC Holdings plc Local Shares Total Return.

Which has better risk-adjusted returns?

HSBH currently has the higher Sharpe Ratio (2.64 vs 1.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.