H50E.L vs. SPY
Compare and contrast key facts about HSBC EURO STOXX 50 UCITS ETF (H50E.L) and SPDR S&P 500 ETF (SPY).
H50E.L and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. H50E.L is a passively managed fund by HSBC that tracks the performance of the MSCI EMU NR EUR. It was launched on Oct 5, 2009. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both H50E.L and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: H50E.L or SPY.
Performance
H50E.L vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, H50E.L achieves a 4.50% return, which is significantly lower than SPY's 24.40% return. Over the past 10 years, H50E.L has underperformed SPY with an annualized return of 8.26%, while SPY has yielded a comparatively higher 13.04% annualized return.
H50E.L
4.50%
-3.52%
-6.85%
8.37%
7.79%
8.26%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| H50E.L | SPY | |
|---|---|---|
| Sharpe Ratio | 0.62 | 2.64 |
| Sortino Ratio | 0.95 | 3.53 |
| Omega Ratio | 1.11 | 1.49 |
| Calmar Ratio | 0.86 | 3.81 |
| Martin Ratio | 2.05 | 17.21 |
| Ulcer Index | 4.01% | 1.86% |
| Daily Std Dev | 13.18% | 12.15% |
| Max Drawdown | -34.68% | -55.19% |
| Current Drawdown | -7.76% | -2.17% |
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H50E.L vs. SPY - Expense Ratio Comparison
H50E.L has a 0.25% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between H50E.L and SPY is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
H50E.L vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC EURO STOXX 50 UCITS ETF (H50E.L) and SPDR S&P 500 ETF (SPY). 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.
Dividends
H50E.L vs. SPY - Dividend Comparison
H50E.L's dividend yield for the trailing twelve months is around 3.03%, more than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H50E.L HSBC EURO STOXX 50 UCITS ETF | 3.03% | 2.92% | 2.77% | 2.01% | 2.05% | 3.04% | 3.50% | 2.76% | 2.79% | 2.63% | 2.76% | 2.68% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
H50E.L vs. SPY - Drawdown Comparison
The maximum H50E.L drawdown since its inception was -34.68%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for H50E.L and SPY. For additional features, visit the drawdowns tool.
Volatility
H50E.L vs. SPY - Volatility Comparison
HSBC EURO STOXX 50 UCITS ETF (H50E.L) has a higher volatility of 5.95% compared to SPDR S&P 500 ETF (SPY) at 4.06%. This indicates that H50E.L's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.