HNSC.L vs. QDVE.DE
HNSC.L (HSBC Nasdaq Global Semiconductor UCITS ETF USD) and QDVE.DE (iShares S&P 500 Information Technology Sector UCITS ETF) are both exchange-traded funds - HNSC.L is a Semiconductors fund tracking the Nasdaq Global Semiconductor, while QDVE.DE is a Technology Equities fund tracking the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past 3 years, HNSC.L returned 62.69%/yr vs 34.38%/yr for QDVE.DE. A 0.60 correlation means they provide meaningful diversification when combined. HNSC.L charges 0.35%/yr vs 0.15%/yr for QDVE.DE.
Performance
HNSC.L vs. QDVE.DE - Performance Comparison
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Different Trading Currencies
HNSC.L is traded in USD, while QDVE.DE is traded in EUR. To make them comparable, the QDVE.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 92.27% return, which is significantly higher than QDVE.DE's 22.64% return.
HNSC.L
- 1D
- -3.06%
- 1M
- 20.19%
- YTD
- 92.27%
- 6M
- 94.54%
- 1Y
- 191.57%
- 3Y*
- 62.69%
- 5Y*
- —
- 10Y*
- —
QDVE.DE
- 1D
- -2.14%
- 1M
- 13.13%
- YTD
- 22.64%
- 6M
- 22.72%
- 1Y
- 51.83%
- 3Y*
- 34.38%
- 5Y*
- 24.17%
- 10Y*
- 26.32%
HNSC.L vs. QDVE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HNSC.L HSBC Nasdaq Global Semiconductor UCITS ETF USD | 92.27% | 55.83% | 17.71% | 50.92% | -18.53% |
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 22.64% | 24.17% | 37.76% | 59.01% | -22.38% |
Correlation
The correlation between HNSC.L and QDVE.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2022 | 0.60 |
The correlation between HNSC.L and QDVE.DE shifts across timeframes, from 0.60 (all time) to 0.77 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HNSC.L vs. QDVE.DE — Risk / Return Rank
HNSC.L
QDVE.DE
HNSC.L vs. QDVE.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 Information Technology Sector UCITS ETF (QDVE.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 | QDVE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.18 | ||
| Sortino ratioReturn per unit of downside risk | +2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.73 | 1.40 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 12.69 | 3.13 | +9.56 |
| Martin ratioReturn relative to average drawdown | 45.66 | 9.51 | +36.15 |
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 | QDVE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.71 | 2.53 | +3.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.02 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.61 | 1.11 | +0.50 |
Drawdowns
HNSC.L vs. QDVE.DE - Drawdown Comparison
The maximum HNSC.L drawdown since its inception was -39.32%, which is greater than QDVE.DE's maximum drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for HNSC.L and QDVE.DE.
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Drawdown Indicators
| HNSC.L | QDVE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.32% | -33.62% | -5.70% |
Max Drawdown (1Y)Largest decline over 1 year | -14.99% | -16.47% | +1.48% |
Max Drawdown (3Y)Largest decline over 3 years | -37.21% | -26.14% | -11.07% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.62% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.62% | — |
Current DrawdownCurrent decline from peak | -3.06% | -3.23% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -9.51% | -5.95% | -3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.18% | 5.43% | -1.25% |
Volatility
HNSC.L vs. QDVE.DE - Volatility Comparison
HSBC Nasdaq Global Semiconductor UCITS ETF USD (HNSC.L) has a higher volatility of 14.26% compared to iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) at 7.19%. This indicates that HNSC.L's price experiences larger fluctuations and is considered to be riskier than QDVE.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 | QDVE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.26% | 7.19% | +7.07% |
Volatility (6M)Calculated over the trailing 6-month period | 26.25% | 15.24% | +11.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.32% | 20.38% | +12.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.74% | 23.40% | +14.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.74% | 22.02% | +15.72% |
HNSC.L vs. QDVE.DE - Expense Ratio Comparison
HNSC.L has a 0.35% expense ratio, which is higher than QDVE.DE's 0.15% expense ratio.
Dividends
HNSC.L vs. QDVE.DE - Dividend Comparison
Neither HNSC.L nor QDVE.DE has paid dividends to shareholders.
Frequently Asked Questions
HNSC.L and QDVE.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVE.DE is cheaper with a 0.15% expense ratio, compared with 0.35% for HNSC.L.
HNSC.L is categorized as Semiconductors, while QDVE.DE is Technology Equities. HNSC.L tracks Nasdaq Global Semiconductor, while QDVE.DE tracks S&P 500 Capped 35/20 Information Technology Index. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.35% for HNSC.L and 0.15% for QDVE.DE.
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