HNSS.L vs. ESP0.DE
HNSS.L (HSBC Nasdaq Global Semiconductor UCITS ETF) and ESP0.DE (VanEck Video Gaming and eSports UCITS ETF) are both exchange-traded funds - HNSS.L is a Semiconductors fund tracking the Nasdaq Global Semiconductor Index, while ESP0.DE is a Technology Equities fund tracking the MarketVector Global Video Gaming and eSports ESG. Both are passively managed. Over the past 3 years, HNSS.L returned 54.01%/yr vs 15.05%/yr for ESP0.DE. A 0.53 correlation means they provide meaningful diversification when combined. HNSS.L charges 0.35%/yr vs 0.55%/yr for ESP0.DE.
Performance
HNSS.L vs. ESP0.DE - Performance Comparison
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Different Trading Currencies
HNSS.L is traded in GBP, while ESP0.DE is traded in EUR. To make them comparable, the ESP0.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, HNSS.L achieves a 84.37% return, which is significantly higher than ESP0.DE's -15.26% return.
HNSS.L
- 1D
- 0.00%
- 1M
- 5.02%
- YTD
- 84.37%
- 6M
- 88.21%
- 1Y
- 173.28%
- 3Y*
- 54.01%
- 5Y*
- —
- 10Y*
- —
ESP0.DE
- 1D
- 0.78%
- 1M
- -2.38%
- YTD
- -15.26%
- 6M
- -16.25%
- 1Y
- -12.68%
- 3Y*
- 15.05%
- 5Y*
- 6.90%
- 10Y*
- —
HNSS.L vs. ESP0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HNSS.L HSBC Nasdaq Global Semiconductor UCITS ETF | 84.37% | 45.50% | 19.96% | 32.89% | -25.65% |
ESP0.DE VanEck Video Gaming and eSports UCITS ETF | -15.26% | 19.17% | 50.92% | 26.26% | -18.59% |
Correlation
The correlation between HNSS.L and ESP0.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2022 | 0.53 |
Over the past year, the correlation between HNSS.L and ESP0.DE has dropped to 0.32 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
HNSS.L vs. ESP0.DE — Risk / Return Rank
HNSS.L
ESP0.DE
HNSS.L vs. ESP0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Nasdaq Global Semiconductor UCITS ETF (HNSS.L) and VanEck Video Gaming and eSports UCITS ETF (ESP0.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HNSS.L | ESP0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.87 | ||
| Sortino ratioReturn per unit of downside risk | +4.64 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 0.89 | +0.75 |
| Calmar ratioReturn relative to maximum drawdown | 5.70 | -0.45 | +6.16 |
| Martin ratioReturn relative to average drawdown | 14.75 | -0.79 | +15.54 |
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Drawdowns
HNSS.L vs. ESP0.DE - Drawdown Comparison
The maximum HNSS.L drawdown since its inception was -41.32%, which is greater than ESP0.DE's maximum drawdown of -39.26%. Use the drawdown chart below to compare losses from any high point for HNSS.L and ESP0.DE.
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Drawdown Indicators
| HNSS.L | ESP0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.32% | -39.26% | -2.06% |
Max Drawdown (1Y)Largest decline over 1 year | -29.74% | -27.09% | -2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -36.83% | -27.09% | -9.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.41% | — |
Current DrawdownCurrent decline from peak | -6.42% | -26.52% | +20.10% |
Average DrawdownAverage peak-to-trough decline | -16.47% | -13.54% | -2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.50% | 15.55% | -4.05% |
Volatility
HNSS.L vs. ESP0.DE - Volatility Comparison
HSBC Nasdaq Global Semiconductor UCITS ETF (HNSS.L) has a higher volatility of 13.65% compared to VanEck Video Gaming and eSports UCITS ETF (ESP0.DE) at 4.22%. This indicates that HNSS.L's price experiences larger fluctuations and is considered to be riskier than ESP0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HNSS.L | ESP0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.65% | 4.22% | +9.43% |
Volatility (6M)Calculated over the trailing 6-month period | 26.17% | 13.15% | +13.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.01% | 16.84% | +37.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.29% | 22.25% | +16.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.29% | 23.26% | +15.03% |
HNSS.L vs. ESP0.DE - Expense Ratio Comparison
HNSS.L has a 0.35% expense ratio, which is lower than ESP0.DE's 0.55% expense ratio.
Dividends
HNSS.L vs. ESP0.DE - Dividend Comparison
Neither HNSS.L nor ESP0.DE has paid dividends to shareholders.
Frequently Asked Questions
HNSS.L and ESP0.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HNSS.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HNSS.L is cheaper with a 0.35% expense ratio, compared with 0.55% for ESP0.DE.
HNSS.L is categorized as Semiconductors, while ESP0.DE is Technology Equities. HNSS.L tracks Nasdaq Global Semiconductor Index, while ESP0.DE tracks MarketVector Global Video Gaming and eSports ESG. They also come from different issuers: HSBC and VanEck. Their fees differ too: 0.35% for HNSS.L and 0.55% for ESP0.DE.
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