HNSC.L vs. SEC0.DE
HNSC.L (HSBC Nasdaq Global Semiconductor UCITS ETF USD) and SEC0.DE (iShares MSCI Global Semiconductors UCITS ETF USD (Acc)) are both Semiconductors funds - HNSC.L tracks the Nasdaq Global Semiconductor while SEC0.DE tracks the MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped. Both are passively managed. Over the past 3 years, HNSC.L returned 63.81%/yr vs 61.76%/yr for SEC0.DE. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
HNSC.L vs. SEC0.DE - Performance Comparison
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Different Trading Currencies
HNSC.L is traded in USD, while SEC0.DE is traded in EUR. To make them comparable, the SEC0.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with HNSC.L having a 98.34% return and SEC0.DE slightly higher at 101.44%.
HNSC.L
- 1D
- 1.63%
- 1M
- 30.01%
- YTD
- 98.34%
- 6M
- 101.55%
- 1Y
- 205.51%
- 3Y*
- 63.81%
- 5Y*
- —
- 10Y*
- —
SEC0.DE
- 1D
- 1.79%
- 1M
- 32.09%
- YTD
- 101.44%
- 6M
- 105.83%
- 1Y
- 210.42%
- 3Y*
- 61.76%
- 5Y*
- —
- 10Y*
- —
HNSC.L vs. SEC0.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% |
SEC0.DE iShares MSCI Global Semiconductors UCITS ETF USD (Acc) | 101.44% | 54.06% | 13.94% | 66.10% | -26.74% |
Correlation
The correlation between HNSC.L and SEC0.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2022 | 0.73 |
Over the past year, HNSC.L and SEC0.DE have become more correlated (0.96) than their long-term average of 0.73, meaning their price movements have been converging.
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Return for Risk
HNSC.L vs. SEC0.DE — Risk / Return Rank
HNSC.L
SEC0.DE
HNSC.L vs. SEC0.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 MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.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 | SEC0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.78 | 1.80 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 13.62 | 14.13 | -0.51 |
| Martin ratioReturn relative to average drawdown | 49.03 | 52.77 | -3.74 |
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 | SEC0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.16 | 6.37 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.66 | 1.13 | +0.52 |
Drawdowns
HNSC.L vs. SEC0.DE - Drawdown Comparison
The maximum HNSC.L drawdown since its inception was -39.32%, smaller than the maximum SEC0.DE drawdown of -45.36%. Use the drawdown chart below to compare losses from any high point for HNSC.L and SEC0.DE.
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Drawdown Indicators
| HNSC.L | SEC0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.32% | -45.36% | +6.04% |
Max Drawdown (1Y)Largest decline over 1 year | -14.99% | -14.80% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -37.21% | -38.70% | +1.49% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -9.52% | -13.42% | +3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 3.97% | +0.20% |
Volatility
HNSC.L vs. SEC0.DE - Volatility Comparison
HSBC Nasdaq Global Semiconductor UCITS ETF USD (HNSC.L) has a higher volatility of 14.12% compared to iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.DE) at 13.28%. This indicates that HNSC.L's price experiences larger fluctuations and is considered to be riskier than SEC0.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 | SEC0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.12% | 13.28% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 25.99% | 25.73% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.21% | 32.87% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.72% | 31.26% | +6.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.72% | 31.26% | +6.46% |
HNSC.L vs. SEC0.DE - Expense Ratio Comparison
Both HNSC.L and SEC0.DE have an expense ratio of 0.35%.
Dividends
HNSC.L vs. SEC0.DE - Dividend Comparison
Neither HNSC.L nor SEC0.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, HNSC.L and SEC0.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
HNSC.L and SEC0.DE have the same expense ratio: 0.35% per year.
HNSC.L tracks Nasdaq Global Semiconductor, while SEC0.DE tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped. They also come from different issuers: HSBC and iShares.
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