HNSS.L vs. FLIN

Last updated Jun 13, 2026

HNSS.L (HSBC Nasdaq Global Semiconductor UCITS ETF) and FLIN (Franklin FTSE India ETF) are both exchange-traded funds - HNSS.L is a Semiconductors fund tracking the Nasdaq Global Semiconductor Index, while FLIN is a Asia Pacific Equities fund tracking the FTSE India RIC Capped Index. Both are passively managed. Over the past 3 years, HNSS.L returned 54.01%/yr vs 3.63%/yr for FLIN. At a 0.23 correlation, their price movements are largely independent. HNSS.L charges 0.35%/yr vs 0.19%/yr for FLIN.

Performance

HNSS.L vs. FLIN - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC Nasdaq Global Semiconductor UCITS ETF (HNSS.L) and Franklin FTSE India ETF (FLIN). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HNSS.L is traded in GBP, while FLIN is traded in USD. To make them comparable, the FLIN 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 FLIN's -9.83% return.

HNSS.L

• 1D: 0.00%
• 1M: 5.02%
• YTD: 84.37%
• 6M: 88.21%
• 1Y: 173.28%
• 3Y*: 54.01%
• 5Y*: —
• 10Y*: —

FLIN

• 1D: 1.20%
• 1M: 1.32%
• YTD: -9.83%
• 6M: -8.64%
• 1Y: -9.98%
• 3Y*: 3.63%
• 5Y*: 4.96%
• 10Y*: —

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

HNSS.L vs. FLIN - 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%
FLIN Franklin FTSE India ETF	-9.83%	-4.90%	12.26%	14.56%	6.25%

Correlation

The correlation between HNSS.L and FLIN is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (All Time) Calculated using the full available price history since Jan 25, 2022	0.23

Return for Risk

HNSS.L vs. FLIN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HNSS.L

HNSS.L Risk / Return Rank: 91
HNSS.L Sharpe Ratio Rank: 94
HNSS.L Sortino Ratio Rank: 90
HNSS.L Omega Ratio Rank: 95
HNSS.L Calmar Ratio Rank: 93
HNSS.L Martin Ratio Rank: 83

FLIN

FLIN Risk / Return Rank: 3
FLIN Sharpe Ratio Rank: 3
FLIN Sortino Ratio Rank: 4
FLIN Omega Ratio Rank: 4
FLIN Calmar Ratio Rank: 5
FLIN Martin Ratio Rank: 2

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.

HNSS.L vs. FLIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC Nasdaq Global Semiconductor UCITS ETF (HNSS.L) and Franklin FTSE India ETF (FLIN). 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	FLIN	Difference
Sharpe ratio: Return per unit of total volatility	3.14	-0.69	+3.83
Sortino ratio: Return per unit of downside risk	3.70	-0.94	+4.64
Omega ratio: Gain probability vs. loss probability	1.64	0.89	+0.75
Calmar ratio: Return relative to maximum drawdown	5.70	-0.56	+6.26
Martin ratio: Return relative to average drawdown	14.75	-1.20	+15.95

HNSS.L vs. FLIN - Sharpe Ratio Comparison

The current HNSS.L Sharpe Ratio is 3.14, which is higher than the FLIN Sharpe Ratio of -0.69. The chart below compares the historical Sharpe Ratios of HNSS.L and FLIN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HNSS.L vs. FLIN - Drawdown Comparison

The maximum HNSS.L drawdown since its inception was -41.32%, which is greater than FLIN's maximum drawdown of -36.53%. Use the drawdown chart below to compare losses from any high point for HNSS.L and FLIN.

Drawdown Indicators

	HNSS.L	FLIN	Difference
Max Drawdown Largest peak-to-trough decline	-41.32%	-36.53%	-4.79%
Max Drawdown (1Y) Largest decline over 1 year	-29.74%	-17.97%	-11.77%
Max Drawdown (3Y) Largest decline over 3 years	-36.83%	-22.51%	-14.32%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.51%	—
Current Drawdown Current decline from peak	-6.42%	-18.42%	+12.00%
Average Drawdown Average peak-to-trough decline	-16.47%	-7.04%	-9.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.50%	8.33%	+3.17%

Volatility

HNSS.L vs. FLIN - Volatility Comparison

HSBC Nasdaq Global Semiconductor UCITS ETF (HNSS.L) has a higher volatility of 13.65% compared to Franklin FTSE India ETF (FLIN) at 3.95%. This indicates that HNSS.L's price experiences larger fluctuations and is considered to be riskier than FLIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HNSS.L	FLIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.65%	3.95%	+9.70%
Volatility (6M) Calculated over the trailing 6-month period	26.17%	12.23%	+13.94%
Volatility (1Y) Calculated over the trailing 1-year period	54.01%	14.49%	+39.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.29%	15.03%	+23.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.29%	19.83%	+18.46%

HNSS.L vs. FLIN - Expense Ratio Comparison

HNSS.L has a 0.35% expense ratio, which is higher than FLIN's 0.19% expense ratio.

Dividends

HNSS.L vs. FLIN - Dividend Comparison

HNSS.L has not paid dividends to shareholders, while FLIN's dividend yield for the trailing twelve months is around 0.62%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FLIN Franklin FTSE India ETF	0.62%	0.56%	1.58%	0.73%	0.73%	2.26%	0.68%	0.90%	0.92%
HNSS.L HSBC Nasdaq Global Semiconductor UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HNSS.L and FLIN in my portfolio?

HNSS.L and FLIN have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HNSS.L or FLIN?

On fees, FLIN is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HNSS.L or FLIN?

FLIN is cheaper with a 0.19% expense ratio, compared with 0.35% for HNSS.L.

What is the main difference between HNSS.L and FLIN?

HNSS.L is categorized as Semiconductors, while FLIN is Asia Pacific Equities. HNSS.L tracks Nasdaq Global Semiconductor Index, while FLIN tracks FTSE India RIC Capped Index. They also come from different issuers: HSBC and Franklin Templeton. Their fees differ too: 0.35% for HNSS.L and 0.19% for FLIN.