HPJS.L vs. H50E.L

Last updated Jun 5, 2026

HPJS.L (HSBC MSCI Japan Climate Paris Aligned UCITS ETF) and H50E.L (HSBC EURO STOXX 50 UCITS ETF) are both exchange-traded funds - HPJS.L is a Japan Equities fund tracking the TOPIX TR JPY, while H50E.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 3 years, HPJS.L returned 7.09%/yr vs 15.76%/yr for H50E.L. A 0.53 correlation means they provide meaningful diversification when combined. HPJS.L charges 0.18%/yr vs 0.25%/yr for H50E.L.

Performance

HPJS.L vs. H50E.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC MSCI Japan Climate Paris Aligned UCITS ETF (HPJS.L) and HSBC EURO STOXX 50 UCITS ETF (H50E.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HPJS.L is traded in GBP, while H50E.L is traded in GBp. To make them comparable, the H50E.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, HPJS.L achieves a 8.46% return, which is significantly higher than H50E.L's 6.58% return.

HPJS.L

• 1D: -1.17%
• 1M: 3.06%
• YTD: 8.46%
• 6M: 6.41%
• 1Y: 25.00%
• 3Y*: 7.09%
• 5Y*: —
• 10Y*: —

H50E.L

• 1D: 0.97%
• 1M: 5.00%
• YTD: 6.58%
• 6M: 7.69%
• 1Y: 18.97%
• 3Y*: 15.76%
• 5Y*: 11.75%
• 10Y*: 11.61%

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

HPJS.L vs. H50E.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HPJS.L HSBC MSCI Japan Climate Paris Aligned UCITS ETF	8.46%	14.99%	-1.51%	9.90%	-15.00%	-3.14%
H50E.L HSBC EURO STOXX 50 UCITS ETF	6.58%	28.02%	6.20%	20.06%	-3.33%	-3.19%

Correlation

The correlation between HPJS.L and H50E.L is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (All Time) Calculated using the full available price history since Nov 12, 2021	0.53

The correlation between HPJS.L and H50E.L has been stable across timeframes, ranging from 0.51 to 0.56 - a consistent structural relationship.

Return for Risk

HPJS.L vs. H50E.L — Risk / Return Rank

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

HPJS.L

HPJS.L Risk / Return Rank: 41
HPJS.L Sharpe Ratio Rank: 39
HPJS.L Sortino Ratio Rank: 42
HPJS.L Omega Ratio Rank: 40
HPJS.L Calmar Ratio Rank: 42
HPJS.L Martin Ratio Rank: 43

H50E.L

H50E.L Risk / Return Rank: 36
H50E.L Sharpe Ratio Rank: 36
H50E.L Sortino Ratio Rank: 37
H50E.L Omega Ratio Rank: 36
H50E.L Calmar Ratio Rank: 34
H50E.L Martin Ratio Rank: 36

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.

HPJS.L vs. H50E.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Japan Climate Paris Aligned UCITS ETF (HPJS.L) and HSBC EURO STOXX 50 UCITS ETF (H50E.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.

	HPJS.L	H50E.L	Difference
Sharpe ratio: Return per unit of total volatility	1.35	1.25	+0.10
Sortino ratio: Return per unit of downside risk	2.09	1.87	+0.22
Omega ratio: Gain probability vs. loss probability	1.25	1.23	+0.02
Calmar ratio: Return relative to maximum drawdown	2.04	1.64	+0.39
Martin ratio: Return relative to average drawdown	6.70	5.52	+1.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HPJS.L vs. H50E.L - Sharpe Ratio Comparison

The current HPJS.L Sharpe Ratio is 1.35, which is comparable to the H50E.L Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of HPJS.L and H50E.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HPJS.L	H50E.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	1.25	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.68	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.39	-0.24

Drawdowns

HPJS.L vs. H50E.L - Drawdown Comparison

The maximum HPJS.L drawdown since its inception was -24.65%, smaller than the maximum H50E.L drawdown of -34.68%. Use the drawdown chart below to compare losses from any high point for HPJS.L and H50E.L.

Drawdown Indicators

	HPJS.L	H50E.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.65%	-34.68%	+10.03%
Max Drawdown (1Y) Largest decline over 1 year	-12.22%	-11.49%	-0.73%
Max Drawdown (3Y) Largest decline over 3 years	-17.24%	-14.20%	-3.04%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.72%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.50%	—
Current Drawdown Current decline from peak	-1.70%	-0.42%	-1.28%
Average Drawdown Average peak-to-trough decline	-11.45%	-7.22%	-4.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.72%	3.43%	+0.29%

Volatility

HPJS.L vs. H50E.L - Volatility Comparison

HSBC MSCI Japan Climate Paris Aligned UCITS ETF (HPJS.L) and HSBC EURO STOXX 50 UCITS ETF (H50E.L) have volatilities of 4.72% and 4.79%, 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.

Volatility by Period

	HPJS.L	H50E.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	4.79%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	14.68%	12.32%	+2.36%
Volatility (1Y) Calculated over the trailing 1-year period	18.43%	15.11%	+3.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.94%	17.19%	-1.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.94%	17.99%	-2.05%

HPJS.L vs. H50E.L - Expense Ratio Comparison

HPJS.L has a 0.18% expense ratio, which is lower than H50E.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

HPJS.L vs. H50E.L - Dividend Comparison

HPJS.L has not paid dividends to shareholders, while H50E.L's dividend yield for the trailing twelve months is around 2.45%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
H50E.L HSBC EURO STOXX 50 UCITS ETF	2.45%	2.46%	2.98%	2.92%	2.77%	2.01%	2.05%	3.04%	3.50%	2.76%	2.79%	2.63%
HPJS.L HSBC MSCI Japan Climate Paris Aligned UCITS ETF	0.00%	0.00%	0.00%	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 HPJS.L and H50E.L in my portfolio?

HPJS.L and H50E.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HPJS.L or H50E.L?

On fees, HPJS.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HPJS.L or H50E.L?

HPJS.L is cheaper with a 0.18% expense ratio, compared with 0.25% for H50E.L.

What is the main difference between HPJS.L and H50E.L?

HPJS.L is categorized as Japan Equities, while H50E.L is Europe Equities. HPJS.L tracks TOPIX TR JPY, while H50E.L tracks MSCI EMU NR EUR. Their fees differ too: 0.18% for HPJS.L and 0.25% for H50E.L.