HBKU.L vs. HSTE.L
HBKU.L (HSBC Global Sukuk UCITS ETF USD (Acc)) and HSTE.L (HSBC Hang Seng Tech UCITS ETF) are both exchange-traded funds - HBKU.L is a Global Sukuk fund tracking the FTSE IdealRatings Sukuk Index, while HSTE.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past year, HBKU.L returned 3.88% vs -15.47% for HSTE.L. At a 0.10 correlation, their price movements are largely independent. HBKU.L charges 0.37%/yr vs 0.50%/yr for HSTE.L.
Performance
HBKU.L vs. HSTE.L - Performance Comparison
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Returns By Period
HBKU.L
- 1D
- 0.09%
- 1M
- -0.35%
- 6M
- 0.17%
- YTD
- 0.00%
- 1Y
- 3.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HSTE.L
- 1D
- -4.02%
- 1M
- -0.62%
- 6M
- -19.78%
- YTD
- -16.67%
- 1Y
- -15.47%
- 3Y*
- 4.70%
- 5Y*
- -9.19%
- 10Y*
- —
HBKU.L vs. HSTE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HBKU.L HSBC Global Sukuk UCITS ETF USD (Acc) | 0.00% | 7.38% | 2.88% | 4.00% |
HSTE.L HSBC Hang Seng Tech UCITS ETF | -16.67% | 24.64% | 19.65% | -6.82% |
Correlation
The correlation between HBKU.L 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 (All Time) Calculated using the full available price history since Sep 12, 2023 | 0.10 |
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Return for Risk
HBKU.L vs. HSTE.L — Risk / Return Rank
HBKU.L
HSTE.L
HBKU.L vs. HSTE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Global Sukuk UCITS ETF USD (Acc) (HBKU.L) 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.
| HBKU.L | HSTE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.51 | ||
| Sortino ratioReturn per unit of downside risk | +1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.93 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | -0.44 | +1.57 |
| Martin ratioReturn relative to average drawdown | 3.50 | -0.78 | +4.27 |
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Drawdowns
HBKU.L vs. HSTE.L - Drawdown Comparison
The maximum HBKU.L drawdown since its inception was -3.43%, smaller than the maximum HSTE.L drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for HBKU.L and HSTE.L.
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Drawdown Indicators
| HBKU.L | HSTE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.43% | -95.65% | +92.22% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -35.09% | +31.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.09% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -63.46% | — |
Current DrawdownCurrent decline from peak | -1.37% | -92.60% | +91.23% |
Average DrawdownAverage peak-to-trough decline | -0.75% | -91.81% | +91.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 19.84% | -18.73% |
Volatility
HBKU.L vs. HSTE.L - Volatility Comparison
The current volatility for HSBC Global Sukuk UCITS ETF USD (Acc) (HBKU.L) is 0.75%, while HSBC Hang Seng Tech UCITS ETF (HSTE.L) has a volatility of 8.97%. This indicates that HBKU.L experiences smaller price fluctuations and is considered to be less risky than HSTE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HBKU.L | HSTE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 8.97% | -8.22% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 21.34% | -17.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 28.23% | -24.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.62% | 39.47% | -35.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.62% | 53.47% | -49.85% |
HBKU.L vs. HSTE.L - Expense Ratio Comparison
HBKU.L has a 0.37% expense ratio, which is lower than HSTE.L's 0.50% expense ratio.
Dividends
HBKU.L vs. HSTE.L - Dividend Comparison
Neither HBKU.L nor HSTE.L has paid dividends to shareholders.
Frequently Asked Questions
HBKU.L 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.
On fees, HBKU.L is cheaper at 0.37% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HBKU.L is cheaper with a 0.37% expense ratio, compared with 0.50% for HSTE.L.
HBKU.L is categorized as Global Sukuk, while HSTE.L is Technology Equities. HBKU.L tracks FTSE IdealRatings Sukuk Index, while HSTE.L tracks MSCI World/Information Tech NR USD. Their fees differ too: 0.37% for HBKU.L and 0.50% for HSTE.L.
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