HSBH vs. TMH

Last updated Jun 6, 2026

HSBH (HSBC Holdings plc ADRhedged ETF) and TMH (Toyota Motor Corporation ADRhedged) are both exchange-traded funds - HSBH is a Financials Equities fund tracking the HSBC Holdings plc Local Shares Total Return, while TMH is a Consumer Discretionary Equities fund tracking the Toyota Motor Corporation Local Shares Total Return. Both are passively managed. At a correlation of -0.49, they often move in opposite directions. Both charge a 0.19% expense ratio.

Performance

HSBH vs. TMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HSBC Holdings plc ADRhedged ETF (HSBH) and Toyota Motor Corporation ADRhedged (TMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HSBH

• 1D: -1.17%
• 1M: 1.73%
• YTD: 19.58%
• 6M: 30.69%
• 1Y: 60.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TMH

• 1D: -1.43%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HSBH vs. TMH - Yearly Performance Comparison

	2026 (YTD)
HSBH HSBC Holdings plc ADRhedged ETF	-1.57%
TMH Toyota Motor Corporation ADRhedged	-7.17%

Correlation

The correlation between HSBH and TMH is -0.49, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	-0.49

Return for Risk

HSBH vs. TMH — Risk / Return Rank

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

HSBH

HSBH Risk / Return Rank: 84
HSBH Sharpe Ratio Rank: 88
HSBH Sortino Ratio Rank: 84
HSBH Omega Ratio Rank: 84
HSBH Calmar Ratio Rank: 83
HSBH Martin Ratio Rank: 82

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. TMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC Holdings plc ADRhedged ETF (HSBH) and Toyota Motor Corporation ADRhedged (TMH). 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.

	HSBH	TMH	Difference
Sharpe ratio: Return per unit of total volatility	2.64	—	—
Sortino ratio: Return per unit of downside risk	3.42	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	4.07	—	—
Martin ratio: Return relative to average drawdown	14.96	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HSBH	TMH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.62	-5.85	+8.48

Drawdowns

HSBH vs. TMH - Drawdown Comparison

The maximum HSBH drawdown since its inception was -14.81%, which is greater than TMH's maximum drawdown of -7.17%. Use the drawdown chart below to compare losses from any high point for HSBH and TMH.

Drawdown Indicators

	HSBH	TMH	Difference
Max Drawdown Largest peak-to-trough decline	-14.81%	-7.17%	-7.64%
Max Drawdown (1Y) Largest decline over 1 year	-14.81%	—	—
Current Drawdown Current decline from peak	-3.52%	-7.17%	+3.65%
Average Drawdown Average peak-to-trough decline	-2.34%	-4.98%	+2.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.02%	—	—

Volatility

Volatility by Period

	HSBH	TMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.83%	17.89%	+4.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.43%	17.89%	+4.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.43%	17.89%	+4.54%

HSBH vs. TMH - Expense Ratio Comparison

Both HSBH and TMH have an expense ratio of 0.19%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

HSBH vs. TMH - Dividend Comparison

HSBH's dividend yield for the trailing twelve months is around 0.34%, while TMH has not paid dividends to shareholders.

Position	TTM
HSBH HSBC Holdings plc ADRhedged ETF	0.34%
TMH Toyota Motor Corporation ADRhedged	0.00%

Frequently Asked Questions

Can I hold both HSBH and TMH in my portfolio?

HSBH and TMH 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.

Which ETF is better, HSBH or TMH?

Both ETFs have the same 0.19% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HSBH or TMH?

HSBH and TMH have the same expense ratio: 0.19% per year.

Which ETF pays a higher dividend yield, HSBH or TMH?

HSBH has the higher dividend yield at 0.34%, compared with 0.00% for TMH.

What is the main difference between HSBH and TMH?

HSBH is categorized as Financials Equities, while TMH is Consumer Discretionary Equities. HSBH tracks HSBC Holdings plc Local Shares Total Return, while TMH tracks Toyota Motor Corporation Local Shares Total Return.