PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
HSBH vs. EUFN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HSBH vs. EUFN

Last updated Jun 14, 2026

HSBH (HSBC Holdings plc ADRhedged ETF) and EUFN (iShares MSCI Europe Financials ETF) are both Financials Equities funds - HSBH tracks the HSBC Holdings plc Local Shares Total Return while EUFN tracks the MSCI Europe Financials Index. Both are passively managed. Over the past year, HSBH returned 63.30% vs 28.57% for EUFN. A 0.71 correlation means they provide meaningful diversification when combined. HSBH charges 0.19%/yr vs 0.48%/yr for EUFN.

Performance

HSBH vs. EUFN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HSBC Holdings plc ADRhedged ETF (HSBH) and iShares MSCI Europe Financials ETF (EUFN). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, HSBH achieves a 21.18% return, which is significantly higher than EUFN's 4.75% return.

HSBH

1D
2.05%
1M
2.42%
YTD
21.18%
6M
26.13%
1Y
63.30%
3Y*
—
5Y*
—
10Y*
—

EUFN

1D
1.20%
1M
3.43%
YTD
4.75%
6M
9.10%
1Y
28.57%
3Y*
32.04%
5Y*
18.43%
10Y*
13.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HSBH vs. EUFN - Yearly Performance Comparison

2026 (YTD)2025
HSBH
HSBC Holdings plc ADRhedged ETF		21.18%39.95%
EUFN
iShares MSCI Europe Financials ETF		4.75%32.33%

Correlation

The correlation between HSBH and EUFN is 0.73, 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

0.73

Correlation (All Time)
Calculated using the full available price history since Apr 23, 2025

0.71

The correlation between HSBH and EUFN has been stable across timeframes, ranging from 0.71 to 0.73 - a consistent structural relationship.

HSBH vs. EUFN - Sectors Allocation Comparison

Sectors
HSBH
EUFN

Financial Services

97.4%
97.7%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

0.2%

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

0.4%

Real Estate

-

-

Technology

-

1.0%

Utilities

-

-

Financial Services

HSBH
97.4%
EUFN
97.7%

Basic Materials

HSBH

-

EUFN

-

Communication Services

HSBH

-

EUFN

-

Consumer Cyclical

HSBH

-

EUFN
0.2%

Consumer Defensive

HSBH

-

EUFN

-

Energy

HSBH

-

EUFN

-

Healthcare

HSBH

-

EUFN

-

Industrials

HSBH

-

EUFN
0.4%

Real Estate

HSBH

-

EUFN

-

Technology

HSBH

-

EUFN
1.0%

Utilities

HSBH

-

EUFN

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

HSBC Holdings plc ADRhedged ETF

iShares MSCI Europe Financials ETF

Often compared with HSBH:
HSBH vs. GSKHHSBH vs. GSIBHSBH vs. IXGHSBH vs. XLFHSBH vs. GABFHSBH vs. FDIQHSBH vs. FTXO
Often compared with EUFN:
EUFN vs. XLFEUFN vs. FDDEUFN vs. SPYEUFN vs. GSIBEUFN vs. EURLEUFN vs. IEUREUFN vs. EIRL

Return for Risk

HSBH vs. EUFN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HSBH
HSBH Risk / Return Rank: 8585
Overall Rank
HSBH Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
HSBH Sortino Ratio Rank: 8585
Sortino Ratio Rank
HSBH Omega Ratio Rank: 8484
Omega Ratio Rank
HSBH Calmar Ratio Rank: 8484
Calmar Ratio Rank
HSBH Martin Ratio Rank: 8383
Martin Ratio Rank
EUFN
EUFN Risk / Return Rank: 4242
Overall Rank
EUFN Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
EUFN Sortino Ratio Rank: 4242
Sortino Ratio Rank
EUFN Omega Ratio Rank: 3939
Omega Ratio Rank
EUFN Calmar Ratio Rank: 4141
Calmar Ratio Rank
EUFN Martin Ratio Rank: 4444
Martin Ratio Rank
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.

HSBH vs. EUFN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC Holdings plc ADRhedged ETF (HSBH) and iShares MSCI Europe Financials ETF (EUFN). 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.

HSBHEUFNDifference
Sharpe ratioReturn per unit of total volatility
2.59
1.31

+1.28

Sortino ratioReturn per unit of downside risk
3.36
1.92

+1.44

Omega ratioGain probability vs. loss probability

1.45

1.23

+0.22

Calmar ratioReturn relative to maximum drawdown

4.15

1.79

+2.36

Martin ratioReturn relative to average drawdown

15.03

6.24

+8.79

HSBH vs. EUFN - Sharpe Ratio Comparison

The current HSBH Sharpe Ratio is 2.59, which is higher than the EUFN Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of HSBH and EUFN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

HSBH vs. EUFN - Drawdown Comparison

The maximum HSBH drawdown since its inception was -14.81%, smaller than the maximum EUFN drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for HSBH and EUFN.

Loading charts...

Drawdown Indicators

HSBHEUFNDifference

Max Drawdown

Largest peak-to-trough decline

-14.81%

-53.25%

+38.44%

Max Drawdown (1Y)

Largest decline over 1 year

-14.81%

-14.77%

-0.04%

Max Drawdown (3Y)

Largest decline over 3 years

—

-15.95%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-35.15%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-53.25%

—

Current Drawdown

Current decline from peak

-2.22%

-0.10%

-2.12%

Average Drawdown

Average peak-to-trough decline

-2.37%

-14.53%

+12.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.08%

4.23%

-0.15%

Volatility

HSBH vs. EUFN - Volatility Comparison

HSBC Holdings plc ADRhedged ETF (HSBH) has a higher volatility of 8.89% compared to iShares MSCI Europe Financials ETF (EUFN) at 6.96%. This indicates that HSBH's price experiences larger fluctuations and is considered to be riskier than EUFN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

HSBHEUFNDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.89%

6.96%

+1.93%

Volatility (6M)

Calculated over the trailing 6-month period

19.32%

17.05%

+2.27%

Volatility (1Y)

Calculated over the trailing 1-year period

23.69%

20.17%

+3.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.01%

21.88%

+1.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.01%

24.53%

-1.52%

HSBH vs. EUFN - Expense Ratio Comparison

HSBH has a 0.19% expense ratio, which is lower than EUFN's 0.48% expense ratio.

Dividends

HSBH vs. EUFN - Dividend Comparison

HSBH's dividend yield for the trailing twelve months is around 0.34%, less than EUFN's 3.41% yield.

PositionTTM20252024202320222021202020192018201720162015
EUFN
iShares MSCI Europe Financials ETF		3.41%3.57%5.36%5.00%4.24%4.15%1.38%4.55%6.48%3.04%4.03%3.65%
HSBH
HSBC Holdings plc ADRhedged ETF		0.34%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

HSBH and EUFN have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HSBH has higher volatility (8.89%) compared to EUFN (6.96%). In terms of maximum drawdown, HSBH dropped -14.81% vs EUFN's -53.25%.

On 1-year performance, HSBH leads with 63.30% vs 28.57% for EUFN. On fees, HSBH is cheaper at 0.19% per year. On volatility, EUFN has been the lower-risk option at 6.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, HSBH has performed better with a 63.30% return vs 28.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

HSBH is cheaper with a 0.19% expense ratio, compared with 0.48% for EUFN.

EUFN has the higher dividend yield at 3.41%, compared with 0.34% for HSBH.

HSBH tracks HSBC Holdings plc Local Shares Total Return, while EUFN tracks MSCI Europe Financials Index. They also come from different issuers: ADRhedged and iShares. Their fees differ too: 0.19% for HSBH and 0.48% for EUFN.

HSBH currently has the higher Sharpe Ratio (2.59 vs 1.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for HSBH and EUFN

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer