HNSS.L vs. FDN.L
HNSS.L (HSBC Nasdaq Global Semiconductor UCITS ETF) and FDN.L (First Trust Dow Jones Internet UCITS ETF Class A USD) are both exchange-traded funds - HNSS.L is a Semiconductors fund tracking the Nasdaq Global Semiconductor Index, while FDN.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 3 years, HNSS.L returned 59.57%/yr vs 17.49%/yr for FDN.L. A 0.61 correlation means they provide meaningful diversification when combined. HNSS.L charges 0.35%/yr vs 0.55%/yr for FDN.L.
Performance
HNSS.L vs. FDN.L - Performance Comparison
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Different Trading Currencies
HNSS.L is traded in GBP, while FDN.L is traded in GBp. To make them comparable, the FDN.L 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 97.02% return, which is significantly higher than FDN.L's 3.78% return.
HNSS.L
- 1D
- 1.61%
- 1M
- 31.57%
- YTD
- 97.02%
- 6M
- 99.27%
- 1Y
- 206.01%
- 3Y*
- 59.57%
- 5Y*
- —
- 10Y*
- —
FDN.L
- 1D
- -1.74%
- 1M
- 6.51%
- YTD
- 3.78%
- 6M
- 2.71%
- 1Y
- 11.26%
- 3Y*
- 17.49%
- 5Y*
- 5.26%
- 10Y*
- —
HNSS.L vs. FDN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HNSS.L HSBC Nasdaq Global Semiconductor UCITS ETF | 97.02% | 45.50% | 19.96% | 60.90% | -19.12% |
FDN.L First Trust Dow Jones Internet UCITS ETF Class A USD | 3.78% | 2.35% | 32.65% | 45.94% | -27.96% |
Correlation
The correlation between HNSS.L and FDN.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.61 |
Over the past year, the correlation between HNSS.L and FDN.L has dropped to 0.37 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.
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Return for Risk
HNSS.L vs. FDN.L — Risk / Return Rank
HNSS.L
FDN.L
HNSS.L vs. FDN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Nasdaq Global Semiconductor UCITS ETF (HNSS.L) and First Trust Dow Jones Internet UCITS ETF Class A USD (FDN.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.
| HNSS.L | FDN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.87 | ||
| Sortino ratioReturn per unit of downside risk | +5.36 | ||
| Omega ratioGain probability vs. loss probability | 1.83 | 1.12 | +0.70 |
| Calmar ratioReturn relative to maximum drawdown | 15.56 | 0.54 | +15.02 |
| Martin ratioReturn relative to average drawdown | 53.42 | 1.24 | +52.18 |
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
| HNSS.L | FDN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.48 | 0.61 | +5.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.37 | 0.35 | +1.02 |
Drawdowns
HNSS.L vs. FDN.L - Drawdown Comparison
The maximum HNSS.L drawdown since its inception was -36.83%, smaller than the maximum FDN.L drawdown of -46.90%. Use the drawdown chart below to compare losses from any high point for HNSS.L and FDN.L.
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Drawdown Indicators
| HNSS.L | FDN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.83% | -46.90% | +10.07% |
Max Drawdown (1Y)Largest decline over 1 year | -13.16% | -20.87% | +7.71% |
Max Drawdown (3Y)Largest decline over 3 years | -36.83% | -27.22% | -9.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.90% | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.39% | +3.39% |
Average DrawdownAverage peak-to-trough decline | -9.56% | -14.81% | +5.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 9.07% | -5.23% |
Volatility
HNSS.L vs. FDN.L - Volatility Comparison
HSBC Nasdaq Global Semiconductor UCITS ETF (HNSS.L) has a higher volatility of 13.37% compared to First Trust Dow Jones Internet UCITS ETF Class A USD (FDN.L) at 5.76%. This indicates that HNSS.L's price experiences larger fluctuations and is considered to be riskier than FDN.L 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 | FDN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.37% | 5.76% | +7.61% |
Volatility (6M)Calculated over the trailing 6-month period | 24.40% | 14.18% | +10.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.66% | 18.42% | +13.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.10% | 24.41% | +5.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.10% | 24.51% | +5.59% |
HNSS.L vs. FDN.L - Expense Ratio Comparison
HNSS.L has a 0.35% expense ratio, which is lower than FDN.L's 0.55% expense ratio.
Dividends
HNSS.L vs. FDN.L - Dividend Comparison
Neither HNSS.L nor FDN.L has paid dividends to shareholders.
Frequently Asked Questions
HNSS.L and FDN.L have a correlation of 0.37, 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 FDN.L.
HNSS.L is categorized as Semiconductors, while FDN.L is Technology Equities. HNSS.L tracks Nasdaq Global Semiconductor Index, while FDN.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: HSBC and First Trust. Their fees differ too: 0.35% for HNSS.L and 0.55% for FDN.L.
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