HNSC.L vs. 2B7C.DE
HNSC.L (HSBC Nasdaq Global Semiconductor UCITS ETF USD) and 2B7C.DE (iShares S&P 500 Industrials Sector UCITS ETF) are both exchange-traded funds - HNSC.L is a Semiconductors fund tracking the Nasdaq Global Semiconductor, while 2B7C.DE is a Industrials Equities fund tracking the S&P 500 Capped 35/20 Industrials. Both are passively managed. Over the past 3 years, HNSC.L returned 63.81%/yr vs 21.83%/yr for 2B7C.DE. At a 0.39 correlation, their price movements are largely independent. HNSC.L charges 0.35%/yr vs 0.15%/yr for 2B7C.DE.
Performance
HNSC.L vs. 2B7C.DE - Performance Comparison
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Different Trading Currencies
HNSC.L is traded in USD, while 2B7C.DE is traded in EUR. To make them comparable, the 2B7C.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HNSC.L achieves a 98.34% return, which is significantly higher than 2B7C.DE's 12.00% return.
HNSC.L
- 1D
- 1.63%
- 1M
- 30.01%
- YTD
- 98.34%
- 6M
- 101.55%
- 1Y
- 205.51%
- 3Y*
- 63.81%
- 5Y*
- —
- 10Y*
- —
2B7C.DE
- 1D
- -0.11%
- 1M
- 1.75%
- YTD
- 12.00%
- 6M
- 13.76%
- 1Y
- 22.98%
- 3Y*
- 21.83%
- 5Y*
- 12.17%
- 10Y*
- —
HNSC.L vs. 2B7C.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HNSC.L HSBC Nasdaq Global Semiconductor UCITS ETF USD | 98.34% | 55.83% | 17.71% | 50.92% | -18.53% |
2B7C.DE iShares S&P 500 Industrials Sector UCITS ETF | 12.00% | 20.70% | 16.64% | 17.49% | -0.47% |
Correlation
The correlation between HNSC.L and 2B7C.DE is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2022 | 0.39 |
The correlation between HNSC.L and 2B7C.DE shifts across timeframes, from 0.39 (all time) to 0.54 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HNSC.L vs. 2B7C.DE — Risk / Return Rank
HNSC.L
2B7C.DE
HNSC.L vs. 2B7C.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Nasdaq Global Semiconductor UCITS ETF USD (HNSC.L) and iShares S&P 500 Industrials Sector UCITS ETF (2B7C.DE). 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.
| HNSC.L | 2B7C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.59 | ||
| Sortino ratioReturn per unit of downside risk | +3.65 | ||
| Omega ratioGain probability vs. loss probability | 1.78 | 1.27 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 13.62 | 2.18 | +11.44 |
| Martin ratioReturn relative to average drawdown | 49.03 | 8.41 | +40.62 |
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
| HNSC.L | 2B7C.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.16 | 1.57 | +4.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.66 | 0.64 | +1.02 |
Drawdowns
HNSC.L vs. 2B7C.DE - Drawdown Comparison
The maximum HNSC.L drawdown since its inception was -39.32%, smaller than the maximum 2B7C.DE drawdown of -41.92%. Use the drawdown chart below to compare losses from any high point for HNSC.L and 2B7C.DE.
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Drawdown Indicators
| HNSC.L | 2B7C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.32% | -41.92% | +2.60% |
Max Drawdown (1Y)Largest decline over 1 year | -14.99% | -10.49% | -4.50% |
Max Drawdown (3Y)Largest decline over 3 years | -37.21% | -19.66% | -17.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.13% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.13% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -9.52% | -5.14% | -4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 2.73% | +1.44% |
Volatility
HNSC.L vs. 2B7C.DE - Volatility Comparison
HSBC Nasdaq Global Semiconductor UCITS ETF USD (HNSC.L) has a higher volatility of 14.12% compared to iShares S&P 500 Industrials Sector UCITS ETF (2B7C.DE) at 3.78%. This indicates that HNSC.L's price experiences larger fluctuations and is considered to be riskier than 2B7C.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HNSC.L | 2B7C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.12% | 3.78% | +10.34% |
Volatility (6M)Calculated over the trailing 6-month period | 25.99% | 11.46% | +14.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.21% | 14.54% | +18.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.72% | 17.27% | +20.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.72% | 19.65% | +18.07% |
HNSC.L vs. 2B7C.DE - Expense Ratio Comparison
HNSC.L has a 0.35% expense ratio, which is higher than 2B7C.DE's 0.15% expense ratio.
Dividends
HNSC.L vs. 2B7C.DE - Dividend Comparison
Neither HNSC.L nor 2B7C.DE has paid dividends to shareholders.
Frequently Asked Questions
HNSC.L and 2B7C.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 2B7C.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
2B7C.DE is cheaper with a 0.15% expense ratio, compared with 0.35% for HNSC.L.
HNSC.L is categorized as Semiconductors, while 2B7C.DE is Industrials Equities. HNSC.L tracks Nasdaq Global Semiconductor, while 2B7C.DE tracks S&P 500 Capped 35/20 Industrials. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.35% for HNSC.L and 0.15% for 2B7C.DE.
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