HPAW.L vs. HSTC.L
HPAW.L (HSBC ETFs PLC - HSBC MSCI World Climate Paris Aligned UCITS ETF) and HSTC.L (HSBC Hang Seng Tech UCITS ETF) are both exchange-traded funds - HPAW.L is a Global Equities fund tracking the HSBC ETFs PLC - HSBC MSCI World Climate Paris Aligned UCITS ETF, while HSTC.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, HPAW.L returned 9.58%/yr vs -8.46%/yr for HSTC.L. At a 0.41 correlation, their price movements are largely independent.
Performance
HPAW.L vs. HSTC.L - Performance Comparison
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Different Trading Currencies
HPAW.L is traded in USD, while HSTC.L is traded in GBP. To make them comparable, the HSTC.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HPAW.L achieves a 6.16% return, which is significantly higher than HSTC.L's -13.41% return.
HPAW.L
- 1D
- 0.24%
- 1M
- 0.03%
- 6M
- 6.34%
- YTD
- 6.16%
- 1Y
- 16.79%
- 3Y*
- 16.39%
- 5Y*
- 9.58%
- 10Y*
- —
HSTC.L
- 1D
- 2.59%
- 1M
- 0.70%
- 6M
- -18.28%
- YTD
- -13.41%
- 1Y
- -10.91%
- 3Y*
- 5.16%
- 5Y*
- -8.46%
- 10Y*
- —
HPAW.L vs. HSTC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HPAW.L HSBC ETFs PLC - HSBC MSCI World Climate Paris Aligned UCITS ETF | 6.16% | 17.97% | 18.58% | 25.68% | -21.73% | 7.56% |
HSTC.L HSBC Hang Seng Tech UCITS ETF | -13.41% | 24.93% | 19.30% | -8.73% | -28.01% | -24.76% |
Correlation
The correlation between HPAW.L and HSTC.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2021 | 0.41 |
The correlation between HPAW.L and HSTC.L shifts across timeframes, from 0.38 (3 years) to 0.49 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HPAW.L vs. HSTC.L — Risk / Return Rank
HPAW.L
HSTC.L
HPAW.L vs. HSTC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC ETFs PLC - HSBC MSCI World Climate Paris Aligned UCITS ETF (HPAW.L) and HSBC Hang Seng Tech UCITS ETF (HSTC.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.
| HPAW.L | HSTC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.96 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | -0.31 | +1.96 |
| Martin ratioReturn relative to average drawdown | 6.44 | -0.55 | +6.99 |
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Drawdowns
HPAW.L vs. HSTC.L - Drawdown Comparison
The maximum HPAW.L drawdown since its inception was -29.31%, smaller than the maximum HSTC.L drawdown of -96.76%. Use the drawdown chart below to compare losses from any high point for HPAW.L and HSTC.L.
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Drawdown Indicators
| HPAW.L | HSTC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.31% | -96.76% | +67.45% |
Max Drawdown (1Y)Largest decline over 1 year | -10.10% | -35.56% | +25.46% |
Max Drawdown (3Y)Largest decline over 3 years | -17.47% | -35.56% | +18.09% |
Max Drawdown (5Y)Largest decline over 5 years | -29.31% | -63.69% | +34.38% |
Current DrawdownCurrent decline from peak | -1.00% | -94.26% | +93.26% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -93.72% | +86.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 19.92% | -17.32% |
Volatility
HPAW.L vs. HSTC.L - Volatility Comparison
The current volatility for HSBC ETFs PLC - HSBC MSCI World Climate Paris Aligned UCITS ETF (HPAW.L) is 3.10%, while HSBC Hang Seng Tech UCITS ETF (HSTC.L) has a volatility of 8.34%. This indicates that HPAW.L experiences smaller price fluctuations and is considered to be less risky than HSTC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPAW.L | HSTC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 8.34% | -5.24% |
Volatility (6M)Calculated over the trailing 6-month period | 10.43% | 20.89% | -10.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.01% | 27.86% | -14.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 39.81% | -23.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 54.64% | -38.36% |
Dividends
HPAW.L vs. HSTC.L - Dividend Comparison
Neither HPAW.L nor HSTC.L has paid dividends to shareholders.
Frequently Asked Questions
HPAW.L and HSTC.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HPAW.L is categorized as Global Equities, while HSTC.L is Technology Equities. HPAW.L tracks HSBC ETFs PLC - HSBC MSCI World Climate Paris Aligned UCITS ETF, while HSTC.L tracks MSCI World/Information Tech NR USD.
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