HSBA.L vs. VUKE.L

Last updated Jun 9, 2026

HSBA.L (HSBC Holdings plc) is a stock, while VUKE.L (Vanguard FTSE 100 UCITS ETF Distributing) is Europe Equities fund tracking the FTSE AllSh TR GBP. Over the past 10 years, HSBA.L returned 18.05%/yr vs 9.33%/yr for VUKE.L. A 0.68 correlation means they provide meaningful diversification when combined.

Performance

HSBA.L vs. VUKE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC Holdings plc (HSBA.L) and Vanguard FTSE 100 UCITS ETF Distributing (VUKE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, HSBA.L achieves a 20.63% return, which is significantly higher than VUKE.L's 5.54% return. Over the past 10 years, HSBA.L has outperformed VUKE.L with an annualized return of 18.05%, while VUKE.L has yielded a comparatively lower 9.33% annualized return.

HSBA.L

• 1D: 0.76%
• 1M: 4.48%
• YTD: 20.63%
• 6M: 33.00%
• 1Y: 62.97%
• 3Y*: 40.74%
• 5Y*: 33.67%
• 10Y*: 18.05%

VUKE.L

• 1D: 0.02%
• 1M: 1.68%
• YTD: 5.54%
• 6M: 8.75%
• 1Y: 20.73%
• 3Y*: 14.88%
• 5Y*: 11.76%
• 10Y*: 9.33%

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

HSBA.L vs. VUKE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HSBA.L HSBC Holdings plc	20.63%	57.77%	36.43%	32.14%	19.91%	22.90%	-35.99%	-2.41%	-11.05%	23.54%
VUKE.L Vanguard FTSE 100 UCITS ETF Distributing	5.54%	26.18%	9.55%	7.08%	5.28%	17.69%	-11.62%	17.52%	-8.80%	11.86%

Correlation

The correlation between HSBA.L and VUKE.L is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since May 22, 2012	0.68

The correlation between HSBA.L and VUKE.L has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.

Return for Risk

HSBA.L vs. VUKE.L — Risk / Return Rank

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

HSBA.L

HSBA.L Risk / Return Rank: 91
HSBA.L Sharpe Ratio Rank: 93
HSBA.L Sortino Ratio Rank: 90
HSBA.L Omega Ratio Rank: 92
HSBA.L Calmar Ratio Rank: 88
HSBA.L Martin Ratio Rank: 93

VUKE.L

VUKE.L Risk / Return Rank: 60
VUKE.L Sharpe Ratio Rank: 64
VUKE.L Sortino Ratio Rank: 66
VUKE.L Omega Ratio Rank: 68
VUKE.L Calmar Ratio Rank: 53
VUKE.L Martin Ratio Rank: 50

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.

HSBA.L vs. VUKE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC Holdings plc (HSBA.L) and Vanguard FTSE 100 UCITS ETF Distributing (VUKE.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.

	HSBA.L	VUKE.L	Difference
Sharpe ratio: Return per unit of total volatility	2.49	1.93	+0.56
Sortino ratio: Return per unit of downside risk	3.13	2.72	+0.41
Omega ratio: Gain probability vs. loss probability	1.45	1.36	+0.08
Calmar ratio: Return relative to maximum drawdown	3.93	2.37	+1.56
Martin ratio: Return relative to average drawdown	14.65	7.76	+6.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HSBA.L vs. VUKE.L - Sharpe Ratio Comparison

The current HSBA.L Sharpe Ratio is 2.49, which is comparable to the VUKE.L Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of HSBA.L and VUKE.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

	HSBA.L	VUKE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	1.93	+0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.37	0.93	+0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.62	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.59	-0.37

Drawdowns

HSBA.L vs. VUKE.L - Drawdown Comparison

The maximum HSBA.L drawdown since its inception was -66.05%, which is greater than VUKE.L's maximum drawdown of -34.27%. Use the drawdown chart below to compare losses from any high point for HSBA.L and VUKE.L.

Drawdown Indicators

	HSBA.L	VUKE.L	Difference
Max Drawdown Largest peak-to-trough decline	-66.05%	-34.27%	-31.78%
Max Drawdown (1Y) Largest decline over 1 year	-15.96%	-8.72%	-7.24%
Max Drawdown (3Y) Largest decline over 3 years	-21.98%	-12.81%	-9.17%
Max Drawdown (5Y) Largest decline over 5 years	-21.98%	-12.81%	-9.17%
Max Drawdown (10Y) Largest decline over 10 years	-59.96%	-34.27%	-25.69%
Current Drawdown Current decline from peak	-2.74%	-4.13%	+1.39%
Average Drawdown Average peak-to-trough decline	-18.74%	-4.25%	-14.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.27%	2.66%	+1.61%

Volatility

HSBA.L vs. VUKE.L - Volatility Comparison

HSBC Holdings plc (HSBA.L) has a higher volatility of 5.97% compared to Vanguard FTSE 100 UCITS ETF Distributing (VUKE.L) at 2.93%. This indicates that HSBA.L's price experiences larger fluctuations and is considered to be riskier than VUKE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HSBA.L	VUKE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.97%	2.93%	+3.04%
Volatility (6M) Calculated over the trailing 6-month period	20.94%	9.30%	+11.64%
Volatility (1Y) Calculated over the trailing 1-year period	25.25%	10.73%	+14.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.59%	12.64%	+11.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.77%	15.01%	+9.76%

Dividends

HSBA.L vs. VUKE.L - Dividend Comparison

HSBA.L's dividend yield for the trailing twelve months is around 4.06%, more than VUKE.L's 3.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HSBA.L HSBC Holdings plc	4.06%	4.28%	8.28%	6.80%	4.11%	3.54%	0.00%	6.79%	5.83%	5.18%	0.00%	0.00%
VUKE.L Vanguard FTSE 100 UCITS ETF Distributing	3.00%	3.12%	3.74%	3.82%	3.94%	3.90%	3.02%	4.65%	4.64%	3.99%	3.75%	4.25%

Frequently Asked Questions

Can I hold both HSBA.L and VUKE.L in my portfolio?

HSBA.L and VUKE.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.