HMCT.L vs. CA3S.L
Compare and contrast key facts about HSBC MSCI CHINA A UCITS ETF (HMCT.L) and Invesco S&P China A 300 Swap UCITS ETF Acc (CA3S.L).
HMCT.L and CA3S.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HMCT.L is a passively managed fund by HSBC that tracks the performance of the MSCI China A Onshore NR CNY. It was launched on Jul 27, 2018. CA3S.L is a passively managed fund by Invesco that tracks the performance of the MSCI China A Onshore NR CNY. It was launched on May 5, 2022. Both HMCT.L and CA3S.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HMCT.L vs. CA3S.L - Performance Comparison
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HMCT.L vs. CA3S.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HMCT.L HSBC MSCI CHINA A UCITS ETF | -0.47% | 25.90% | 11.76% | -13.92% | 2.11% |
CA3S.L Invesco S&P China A 300 Swap UCITS ETF Acc | 1.91% | 34.07% | 14.71% | -12.23% | 1.87% |
Different Trading Currencies
HMCT.L is traded in USD, while CA3S.L is traded in GBp. To make them comparable, the CA3S.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HMCT.L achieves a -0.47% return, which is significantly lower than CA3S.L's 1.91% return.
HMCT.L
- 1D
- 1.24%
- 1M
- -4.65%
- YTD
- -0.47%
- 6M
- 1.01%
- 1Y
- 25.68%
- 3Y*
- 4.73%
- 5Y*
- -1.22%
- 10Y*
- —
CA3S.L
- 1D
- 1.30%
- 1M
- -2.99%
- YTD
- 1.91%
- 6M
- 5.03%
- 1Y
- 35.06%
- 3Y*
- 9.39%
- 5Y*
- —
- 10Y*
- —
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HMCT.L vs. CA3S.L - Expense Ratio Comparison
HMCT.L has a 0.30% expense ratio, which is lower than CA3S.L's 0.35% expense ratio.
Return for Risk
HMCT.L vs. CA3S.L — Risk / Return Rank
HMCT.L
CA3S.L
HMCT.L vs. CA3S.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI CHINA A UCITS ETF (HMCT.L) and Invesco S&P China A 300 Swap UCITS ETF Acc (CA3S.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.
| HMCT.L | CA3S.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 1.98 | -0.51 |
Sortino ratioReturn per unit of downside risk | 1.92 | 2.47 | -0.55 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.58 | 3.47 | -0.89 |
Martin ratioReturn relative to average drawdown | 9.99 | 16.06 | -6.07 |
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
| HMCT.L | CA3S.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 1.98 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.40 | -0.16 |
Correlation
The correlation between HMCT.L and CA3S.L is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HMCT.L vs. CA3S.L - Dividend Comparison
HMCT.L's dividend yield for the trailing twelve months is around 1.85%, while CA3S.L has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HMCT.L HSBC MSCI CHINA A UCITS ETF | 1.85% | 1.73% | 2.03% | 2.16% | 1.69% | 1.12% | 0.84% | 1.71% |
CA3S.L Invesco S&P China A 300 Swap UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HMCT.L vs. CA3S.L - Drawdown Comparison
The maximum HMCT.L drawdown since its inception was -49.06%, which is greater than CA3S.L's maximum drawdown of -32.19%. Use the drawdown chart below to compare losses from any high point for HMCT.L and CA3S.L.
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Drawdown Indicators
| HMCT.L | CA3S.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.06% | -35.12% | -13.94% |
Max Drawdown (1Y)Largest decline over 1 year | -11.15% | -9.77% | -1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -44.79% | — | — |
Current DrawdownCurrent decline from peak | -20.17% | -3.43% | -16.74% |
Average DrawdownAverage peak-to-trough decline | -21.82% | -16.12% | -5.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 2.44% | +0.14% |
Volatility
HMCT.L vs. CA3S.L - Volatility Comparison
HSBC MSCI CHINA A UCITS ETF (HMCT.L) and Invesco S&P China A 300 Swap UCITS ETF Acc (CA3S.L) have volatilities of 4.87% and 4.90%, 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.
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Volatility by Period
| HMCT.L | CA3S.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.87% | 4.90% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 11.22% | 11.53% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.40% | 17.64% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.29% | 22.57% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.78% | 22.57% | +1.21% |