HNSC.L vs. HPRO.L

Last updated Apr 1, 2026

Compare and contrast key facts about HSBC Nasdaq Global Semiconductor UCITS ETF USD (HNSC.L) and HSBC FTSE EPRA/NAREIT Developed UCITS ETF (HPRO.L).

HNSC.L and HPRO.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. HPRO.L is a passively managed fund by HSBC that tracks the performance of the FTSE EPRA Nareit Global TR USD. It was launched on Jun 20, 2011. Both HNSC.L and HPRO.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. HPRO.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 FTSE EPRA/NAREIT Developed UCITS ETF (HPRO.L). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022
HNSC.L HSBC Nasdaq Global Semiconductor UCITS ETF USD	7.30%	55.83%	17.71%	50.92%	-18.53%
HPRO.L HSBC FTSE EPRA/NAREIT Developed UCITS ETF	0.25%	11.46%	-0.29%	10.31%	-19.33%

Different Trading Currencies

HNSC.L is traded in USD, while HPRO.L is traded in GBp. To make them comparable, the HPRO.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 HPRO.L's 0.25% return.

HNSC.L

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

HPRO.L

• 1D: 0.26%
• 1M: -9.45%
• YTD: 0.25%
• 6M: 0.84%
• 1Y: 8.96%
• 3Y*: 7.34%
• 5Y*: 1.82%
• 10Y*: 3.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

HNSC.L has a 0.35% expense ratio, which is higher than HPRO.L's 0.24% expense ratio.

HNSC.L

HSBC Nasdaq Global Semiconductor UCITS ETF USD

HPRO.L

HSBC FTSE EPRA/NAREIT Developed UCITS ETF

Return for Risk

HNSC.L vs. HPRO.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: 96
HNSC.L Sharpe Ratio Rank: 97
HNSC.L Sortino Ratio Rank: 96
HNSC.L Omega Ratio Rank: 93
HNSC.L Calmar Ratio Rank: 98
HNSC.L Martin Ratio Rank: 97

HPRO.L

HPRO.L Risk / Return Rank: 27
HPRO.L Sharpe Ratio Rank: 28
HPRO.L Sortino Ratio Rank: 26
HPRO.L Omega Ratio Rank: 25
HPRO.L Calmar Ratio Rank: 27
HPRO.L Martin Ratio Rank: 28

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. HPRO.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 FTSE EPRA/NAREIT Developed UCITS ETF (HPRO.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.L	HPRO.L	Difference
Sharpe ratio Return per unit of total volatility	2.81	0.61	+2.21
Sortino ratio Return per unit of downside risk	3.32	0.90	+2.42
Omega ratio Gain probability vs. loss probability	1.43	1.12	+0.30
Calmar ratio Return relative to maximum drawdown	5.74	0.76	+4.98
Martin ratio Return relative to average drawdown	19.52	2.99	+16.53
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. HPRO.L - Sharpe Ratio Comparison

The current HNSC.L Sharpe Ratio is 2.81, which is higher than the HPRO.L Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of HNSC.L and HPRO.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.

Sharpe Ratios by Period

	HNSC.L	HPRO.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.81	0.61	+2.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.11	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	0.29	+0.67

Correlation

The correlation between HNSC.L and HPRO.L is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HNSC.L vs. HPRO.L - Dividend Comparison

HNSC.L has not paid dividends to shareholders, while HPRO.L's dividend yield for the trailing twelve months is around 3.17%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
HPRO.L HSBC FTSE EPRA/NAREIT Developed UCITS ETF	3.17%	3.24%	3.34%	3.43%	3.46%	2.25%	3.06%	3.05%	3.22%	3.04%	2.84%	2.64%

Drawdowns

HNSC.L vs. HPRO.L - Drawdown Comparison

The maximum HNSC.L drawdown since its inception was -39.32%, smaller than the maximum HPRO.L drawdown of -42.35%. Use the drawdown chart below to compare losses from any high point for HNSC.L and HPRO.L.

Drawdown Indicators

	HNSC.L	HPRO.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.32%	-35.45%	-3.87%
Max Drawdown (1Y) Largest decline over 1 year	-15.57%	-10.13%	-5.44%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.38%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.45%	—
Current Drawdown Current decline from peak	-14.91%	-7.76%	-7.15%
Average Drawdown Average peak-to-trough decline	-9.96%	-8.85%	-1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.58%	2.75%	+1.83%

Volatility

HNSC.L vs. HPRO.L - Volatility Comparison

HSBC Nasdaq Global Semiconductor UCITS ETF USD (HNSC.L) has a higher volatility of 10.31% compared to HSBC FTSE EPRA/NAREIT Developed UCITS ETF (HPRO.L) at 4.73%. This indicates that HNSC.L's price experiences larger fluctuations and is considered to be riskier than HPRO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HNSC.L	HPRO.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.31%	4.73%	+5.58%
Volatility (6M) Calculated over the trailing 6-month period	23.47%	8.41%	+15.06%
Volatility (1Y) Calculated over the trailing 1-year period	32.98%	14.68%	+18.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.95%	16.08%	+20.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.95%	17.04%	+19.91%