HNSS.L vs. HSJP.L
HNSS.L (HSBC Nasdaq Global Semiconductor UCITS ETF) and HSJP.L (HSBC Japan Sustainable Equity UCITS ETF USD) are both exchange-traded funds - HNSS.L is a Semiconductors fund tracking the Nasdaq Global Semiconductor Index, while HSJP.L is a Japan Equities fund tracking the TOPIX TR JPY. Both are passively managed. Over the past 3 years, HNSS.L returned 61.28%/yr vs 17.72%/yr for HSJP.L. At a 0.40 correlation, their price movements are largely independent. HNSS.L charges 0.35%/yr vs 0.18%/yr for HSJP.L.
Performance
HNSS.L vs. HSJP.L - Performance Comparison
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Returns By Period
In the year-to-date period, HNSS.L achieves a 100.95% return, which is significantly higher than HSJP.L's 13.35% return.
HNSS.L
- 1D
- 0.00%
- 1M
- 9.06%
- YTD
- 100.95%
- 6M
- 103.80%
- 1Y
- 180.67%
- 3Y*
- 61.28%
- 5Y*
- —
- 10Y*
- —
HSJP.L
- 1D
- 0.05%
- 1M
- 1.18%
- YTD
- 13.35%
- 6M
- 13.96%
- 1Y
- 34.04%
- 3Y*
- 17.72%
- 5Y*
- 11.05%
- 10Y*
- —
HNSS.L vs. HSJP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HNSS.L HSBC Nasdaq Global Semiconductor UCITS ETF | 100.95% | 45.50% | 19.96% | 32.89% | -25.65% |
HSJP.L HSBC Japan Sustainable Equity UCITS ETF USD | 13.35% | 18.26% | 13.86% | 13.29% | -2.46% |
Correlation
The correlation between HNSS.L and HSJP.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2022 | 0.40 |
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Return for Risk
HNSS.L vs. HSJP.L — Risk / Return Rank
HNSS.L
HSJP.L
HNSS.L vs. HSJP.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 HSBC Japan Sustainable Equity UCITS ETF USD (HSJP.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.
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 | HSJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.33 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 6.07 | 2.80 | +3.28 |
| Martin ratioReturn relative to average drawdown | 15.69 | 8.33 | +7.36 |
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Drawdowns
HNSS.L vs. HSJP.L - Drawdown Comparison
The maximum HNSS.L drawdown since its inception was -41.32%, which is greater than HSJP.L's maximum drawdown of -25.60%. Use the drawdown chart below to compare losses from any high point for HNSS.L and HSJP.L.
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Drawdown Indicators
| HNSS.L | HSJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.32% | -25.60% | -15.72% |
Max Drawdown (1Y)Largest decline over 1 year | -29.74% | -12.12% | -17.62% |
Max Drawdown (3Y)Largest decline over 3 years | -36.83% | -20.24% | -16.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.24% | — |
Current DrawdownCurrent decline from peak | -7.24% | -2.77% | -4.47% |
Average DrawdownAverage peak-to-trough decline | -16.35% | -8.95% | -7.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.52% | 4.08% | +7.44% |
Volatility
HNSS.L vs. HSJP.L - Volatility Comparison
HSBC Nasdaq Global Semiconductor UCITS ETF (HNSS.L) has a higher volatility of 15.25% compared to HSBC Japan Sustainable Equity UCITS ETF USD (HSJP.L) at 4.79%. This indicates that HNSS.L's price experiences larger fluctuations and is considered to be riskier than HSJP.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 | HSJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.25% | 4.79% | +10.46% |
Volatility (6M)Calculated over the trailing 6-month period | 27.89% | 15.49% | +12.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.98% | 19.00% | +35.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.52% | 21.26% | +17.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.52% | 22.18% | +16.34% |
HNSS.L vs. HSJP.L - Expense Ratio Comparison
HNSS.L has a 0.35% expense ratio, which is higher than HSJP.L's 0.18% expense ratio.
Dividends
HNSS.L vs. HSJP.L - Dividend Comparison
Neither HNSS.L nor HSJP.L has paid dividends to shareholders.
Frequently Asked Questions
HNSS.L and HSJP.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HSJP.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HSJP.L is cheaper with a 0.18% expense ratio, compared with 0.35% for HNSS.L.
HNSS.L is categorized as Semiconductors, while HSJP.L is Japan Equities. HNSS.L tracks Nasdaq Global Semiconductor Index, while HSJP.L tracks TOPIX TR JPY. Their fees differ too: 0.35% for HNSS.L and 0.18% for HSJP.L.
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