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HNSC.L vs. HMEF.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

HNSC.L vs. HMEF.L

Last updated Apr 1, 2026

Compare and contrast key facts about HSBC Nasdaq Global Semiconductor UCITS ETF USD (HNSC.L) and HSBC MSCI Emerging Markets UCITS ETF USD (HMEF.L).

HNSC.L and HMEF.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HNSC.L is a passively managed fund by HSBC that tracks the performance of the Nasdaq Global Semiconductor. It was launched on Jan 25, 2022. HMEF.L is a passively managed fund by HSBC that tracks the performance of the MSCI EM NR USD. It was launched on Sep 5, 2011. Both HNSC.L and HMEF.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

HNSC.L vs. HMEF.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HSBC Nasdaq Global Semiconductor UCITS ETF USD (HNSC.L) and HSBC MSCI Emerging Markets UCITS ETF USD (HMEF.L). The values are adjusted to include any dividend payments, if applicable.

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HNSC.L vs. HMEF.L - Yearly Performance Comparison

2026 (YTD)2025202420232022
HNSC.L
HSBC Nasdaq Global Semiconductor UCITS ETF USD		7.30%55.83%17.71%50.92%-18.53%
HMEF.L
HSBC MSCI Emerging Markets UCITS ETF USD		1.14%33.95%7.26%7.85%-18.87%
Different Trading Currencies

HNSC.L is traded in USD, while HMEF.L is traded in GBp. To make them comparable, the HMEF.L 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 7.30% return, which is significantly higher than HMEF.L's 1.14% return.

HNSC.L

1D
0.10%
1M
-11.74%
YTD
7.30%
6M
26.21%
1Y
92.99%
3Y*
37.65%
5Y*
—
10Y*
—

HMEF.L

1D
0.40%
1M
-11.73%
YTD
1.14%
6M
5.73%
1Y
31.08%
3Y*
14.91%
5Y*
3.26%
10Y*
7.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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HSBC Nasdaq Global Semiconductor UCITS ETF USD

HSBC MSCI Emerging Markets UCITS ETF USD

Often compared with HNSC.L:
HNSC.L vs. HNSS.LHNSC.L vs. SMGB.LHNSC.L vs. 3TSM.LHNSC.L vs. H50E.LHNSC.L vs. HMUD.LHNSC.L vs. HMWD.LHNSC.L vs. HMWO.L
Often compared with HMEF.L:
HMEF.L vs. VFEG.LHMEF.L vs. AIAI.LHMEF.L vs. IEEM.LHMEF.L vs. VWRL.LHMEF.L vs. EQQQ.LHMEF.L vs. HMWO.LHMEF.L vs. SPX4.L

HNSC.L vs. HMEF.L - Expense Ratio Comparison

HNSC.L has a 0.35% expense ratio, which is higher than HMEF.L's 0.15% expense ratio.

HNSC.L
HSBC Nasdaq Global Semiconductor UCITS ETF USD
HMEF.L
HSBC MSCI Emerging Markets UCITS ETF USD

Return for Risk

HNSC.L vs. HMEF.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HNSC.L
HNSC.L Risk / Return Rank: 9696
Overall Rank
HNSC.L Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
HNSC.L Sortino Ratio Rank: 9696
Sortino Ratio Rank
HNSC.L Omega Ratio Rank: 9393
Omega Ratio Rank
HNSC.L Calmar Ratio Rank: 9898
Calmar Ratio Rank
HNSC.L Martin Ratio Rank: 9797
Martin Ratio Rank
HMEF.L
HMEF.L Risk / Return Rank: 8282
Overall Rank
HMEF.L Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
HMEF.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
HMEF.L Omega Ratio Rank: 8383
Omega Ratio Rank
HMEF.L Calmar Ratio Rank: 8383
Calmar Ratio Rank
HMEF.L Martin Ratio Rank: 7676
Martin Ratio Rank
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.

HNSC.L vs. HMEF.L - 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 HSBC MSCI Emerging Markets UCITS ETF USD (HMEF.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.

HNSC.LHMEF.LDifference

Sharpe ratio

Return per unit of total volatility

2.81

1.67

+1.14

Sortino ratio

Return per unit of downside risk

3.32

2.17

+1.15

Omega ratio

Gain probability vs. loss probability

1.43

1.31

+0.12

Calmar ratio

Return relative to maximum drawdown

5.74

2.27

+3.48

Martin ratio

Return relative to average drawdown

19.52

8.32

+11.20

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HNSC.L vs. HMEF.L - Sharpe Ratio Comparison

The current HNSC.L Sharpe Ratio is 2.81, which is higher than the HMEF.L Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of HNSC.L and HMEF.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

HNSC.LHMEF.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.81

1.67

+1.14

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.18

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.40

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.96

0.23

+0.73

Correlation

The correlation between HNSC.L and HMEF.L is 0.47, 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.

Dividends

HNSC.L vs. HMEF.L - Dividend Comparison

HNSC.L has not paid dividends to shareholders, while HMEF.L's dividend yield for the trailing twelve months is around 2.03%.

TTM20252024202320222021202020192018201720162015
HNSC.L
HSBC Nasdaq Global Semiconductor UCITS ETF USD		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
HMEF.L
HSBC MSCI Emerging Markets UCITS ETF USD		2.03%1.98%2.43%2.58%2.99%2.01%1.66%2.11%2.14%1.61%1.69%2.25%

Drawdowns

HNSC.L vs. HMEF.L - Drawdown Comparison

The maximum HNSC.L drawdown since its inception was -39.32%, roughly equal to the maximum HMEF.L drawdown of -39.89%. Use the drawdown chart below to compare losses from any high point for HNSC.L and HMEF.L.

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Drawdown Indicators

HNSC.LHMEF.LDifference

Max Drawdown

Largest peak-to-trough decline

-39.32%

-31.72%

-7.60%

Max Drawdown (1Y)

Largest decline over 1 year

-15.57%

-11.07%

-4.50%

Max Drawdown (5Y)

Largest decline over 5 years

—

-23.78%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.33%

—

Current Drawdown

Current decline from peak

-14.91%

-10.57%

-4.34%

Average Drawdown

Average peak-to-trough decline

-9.96%

-10.09%

+0.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.58%

3.33%

+1.25%

Volatility

HNSC.L vs. HMEF.L - Volatility Comparison

HSBC Nasdaq Global Semiconductor UCITS ETF USD (HNSC.L) has a higher volatility of 10.31% compared to HSBC MSCI Emerging Markets UCITS ETF USD (HMEF.L) at 8.82%. This indicates that HNSC.L's price experiences larger fluctuations and is considered to be riskier than HMEF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HNSC.LHMEF.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.31%

8.82%

+1.49%

Volatility (6M)

Calculated over the trailing 6-month period

23.47%

13.38%

+10.09%

Volatility (1Y)

Calculated over the trailing 1-year period

32.98%

18.54%

+14.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.95%

18.09%

+18.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

36.95%

19.11%

+17.84%