HPJP.L vs. HSTE.L
HPJP.L (HSBC MSCI Japan Climate Paris Aligned UCITS ETF) and HSTE.L (HSBC Hang Seng Tech UCITS ETF) are both exchange-traded funds - HPJP.L is a Japan Equities fund tracking the HSBC MSCI Japan Climate Paris Aligned UCITS ETF, while HSTE.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 3 years, HPJP.L returned 9.93%/yr vs 5.00%/yr for HSTE.L. At a 0.37 correlation, their price movements are largely independent. HPJP.L charges 0.18%/yr vs 0.50%/yr for HSTE.L.
Performance
HPJP.L vs. HSTE.L - Performance Comparison
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Returns By Period
In the year-to-date period, HPJP.L achieves a 7.76% return, which is significantly higher than HSTE.L's -13.70% return.
HPJP.L
- 1D
- -1.56%
- 1M
- -1.56%
- 6M
- 2.77%
- YTD
- 7.76%
- 1Y
- 24.60%
- 3Y*
- 9.93%
- 5Y*
- —
- 10Y*
- —
HSTE.L
- 1D
- 2.14%
- 1M
- 0.30%
- 6M
- -18.64%
- YTD
- -13.70%
- 1Y
- -11.29%
- 3Y*
- 5.00%
- 5Y*
- -8.55%
- 10Y*
- —
HPJP.L vs. HSTE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HPJP.L HSBC MSCI Japan Climate Paris Aligned UCITS ETF | 7.76% | 23.28% | -3.07% | 16.34% | -24.08% | -1.77% |
HSTE.L HSBC Hang Seng Tech UCITS ETF | -13.70% | 24.64% | 19.65% | -8.46% | -27.99% | -7.94% |
Correlation
The correlation between HPJP.L and HSTE.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | 0.37 |
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Return for Risk
HPJP.L vs. HSTE.L — Risk / Return Rank
HPJP.L
HSTE.L
HPJP.L vs. HSTE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Japan Climate Paris Aligned UCITS ETF (HPJP.L) and HSBC Hang Seng Tech UCITS ETF (HSTE.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.
| HPJP.L | HSTE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.95 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | -0.32 | +2.08 |
| Martin ratioReturn relative to average drawdown | 5.75 | -0.57 | +6.32 |
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Drawdowns
HPJP.L vs. HSTE.L - Drawdown Comparison
The maximum HPJP.L drawdown since its inception was -33.79%, smaller than the maximum HSTE.L drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for HPJP.L and HSTE.L.
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Drawdown Indicators
| HPJP.L | HSTE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.79% | -95.65% | +61.86% |
Max Drawdown (1Y)Largest decline over 1 year | -13.95% | -35.09% | +21.14% |
Max Drawdown (3Y)Largest decline over 3 years | -24.10% | -35.09% | +10.99% |
Max Drawdown (5Y)Largest decline over 5 years | — | -63.71% | — |
Current DrawdownCurrent decline from peak | -4.69% | -92.33% | +87.64% |
Average DrawdownAverage peak-to-trough decline | -15.31% | -91.81% | +76.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 19.67% | -15.40% |
Volatility
HPJP.L vs. HSTE.L - Volatility Comparison
HSBC MSCI Japan Climate Paris Aligned UCITS ETF (HPJP.L) and HSBC Hang Seng Tech UCITS ETF (HSTE.L) have volatilities of 7.80% and 8.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPJP.L | HSTE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.80% | 8.04% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 18.56% | 21.08% | -2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.49% | 28.05% | -5.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.74% | 39.45% | -14.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.74% | 53.48% | -28.74% |
HPJP.L vs. HSTE.L - Expense Ratio Comparison
HPJP.L has a 0.18% expense ratio, which is lower than HSTE.L's 0.50% expense ratio.
Dividends
HPJP.L vs. HSTE.L - Dividend Comparison
Neither HPJP.L nor HSTE.L has paid dividends to shareholders.
Frequently Asked Questions
HPJP.L and HSTE.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HPJP.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HPJP.L is cheaper with a 0.18% expense ratio, compared with 0.50% for HSTE.L.
HPJP.L is categorized as Japan Equities, while HSTE.L is Technology Equities. HPJP.L tracks HSBC MSCI Japan Climate Paris Aligned UCITS ETF, while HSTE.L tracks MSCI World/Information Tech NR USD. Their fees differ too: 0.18% for HPJP.L and 0.50% for HSTE.L.
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