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HSEP.L vs. H50E.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HSEP.L vs. H50E.L

Last updated Jun 5, 2026

HSEP.L (HSBC Europe Sustainable Equity UCITS ETF EUR) and H50E.L (HSBC EURO STOXX 50 UCITS ETF) are both Europe Equities funds from HSBC - HSEP.L tracks the MSCI Europe NR EUR while H50E.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, HSEP.L returned 9.61%/yr vs 11.75%/yr for H50E.L. Their correlation of 0.92 suggests significant overlap in exposure. HSEP.L charges 0.15%/yr vs 0.25%/yr for H50E.L.

Performance

HSEP.L vs. H50E.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC Europe Sustainable Equity UCITS ETF EUR (HSEP.L) and HSBC EURO STOXX 50 UCITS ETF (H50E.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

HSEP.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, HSEP.L achieves a 10.84% return, which is significantly higher than H50E.L's 6.58% return.

HSEP.L

1D
-0.04%
1M
5.24%
YTD
10.84%
6M
13.51%
1Y
22.82%
3Y*
15.06%
5Y*
9.61%
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)

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

2026 (YTD)202520242023202220212020
HSEP.L
HSBC Europe Sustainable Equity UCITS ETF EUR		10.84%25.17%4.63%13.07%-6.18%11.05%10.18%
H50E.L
HSBC EURO STOXX 50 UCITS ETF		6.58%28.02%6.20%20.06%-3.33%15.58%7.36%

Correlation

The correlation between HSEP.L and H50E.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.90

Correlation (3Y)
Calculated over the trailing 3-year period

0.90

Correlation (5Y)
Calculated over the trailing 5-year period

0.92

Correlation (All Time)
Calculated using the full available price history since Jun 8, 2020

0.92

The correlation between HSEP.L and H50E.L has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

HSEP.L vs. H50E.L - Sectors Allocation Comparison

Sectors
HSEP.L
H50E.L

Financial Services

28.5%
24.8%

Consumer Defensive

16.3%
5.4%

Industrials

14.5%
21.5%

Technology

11.7%
17.9%

Healthcare

9.1%
5.2%

Utilities

6.4%
4.6%

Consumer Cyclical

5.4%
9.7%

Communication Services

3.7%
2.4%

Basic Materials

2.9%
3.5%

Energy

1.3%
5.0%

Real Estate

0.2%

-

Financial Services

HSEP.L
28.5%
H50E.L
24.8%

Consumer Defensive

HSEP.L
16.3%
H50E.L
5.4%

Industrials

HSEP.L
14.5%
H50E.L
21.5%

Technology

HSEP.L
11.7%
H50E.L
17.9%

Healthcare

HSEP.L
9.1%
H50E.L
5.2%

Utilities

HSEP.L
6.4%
H50E.L
4.6%

Consumer Cyclical

HSEP.L
5.4%
H50E.L
9.7%

Communication Services

HSEP.L
3.7%
H50E.L
2.4%

Basic Materials

HSEP.L
2.9%
H50E.L
3.5%

Energy

HSEP.L
1.3%
H50E.L
5.0%

Real Estate

HSEP.L
0.2%
H50E.L

-

Compare stocks, funds, or ETFs

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HSBC Europe Sustainable Equity UCITS ETF EUR

HSBC EURO STOXX 50 UCITS ETF

Often compared with HSEP.L:
HSEP.L vs. HSTC.LHSEP.L vs. HSPX.LHSEP.L vs. GLDHSEP.L vs. IMV.LHSEP.L vs. MVED.LHSEP.L vs. CS1.LHSEP.L vs. HSTE.L
Often compared with H50E.L:
H50E.L vs. HMEU.LH50E.L vs. SPX5.LH50E.L vs. JREE.DEH50E.L vs. EUHD.LH50E.L vs. EUE.LH50E.L vs. SPYH50E.L vs. EQQQ.L

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HSEP.L
HSEP.L Risk / Return Rank: 4848
Overall Rank
HSEP.L Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
HSEP.L Sortino Ratio Rank: 5151
Sortino Ratio Rank
HSEP.L Omega Ratio Rank: 5353
Omega Ratio Rank
HSEP.L Calmar Ratio Rank: 4141
Calmar Ratio Rank
HSEP.L Martin Ratio Rank: 4545
Martin Ratio Rank
H50E.L
H50E.L Risk / Return Rank: 3636
Overall Rank
H50E.L Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
H50E.L Sortino Ratio Rank: 3737
Sortino Ratio Rank
H50E.L Omega Ratio Rank: 3636
Omega Ratio Rank
H50E.L Calmar Ratio Rank: 3434
Calmar Ratio Rank
H50E.L Martin Ratio Rank: 3636
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.

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

This table presents a comparison of risk-adjusted performance metrics for HSBC Europe Sustainable Equity UCITS ETF EUR (HSEP.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.

HSEP.LH50E.LDifference
Sharpe ratioReturn per unit of total volatility
1.73
1.25

+0.48

Sortino ratioReturn per unit of downside risk
2.42
1.87

+0.56

Omega ratioGain probability vs. loss probability

1.32

1.23

+0.09

Calmar ratioReturn relative to maximum drawdown

1.96

1.64

+0.32

Martin ratioReturn relative to average drawdown

7.14

5.52

+1.62

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current HSEP.L Sharpe Ratio is 1.73, which is higher than the H50E.L Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of HSEP.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.

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Sharpe Ratios by Period

HSEP.LH50E.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.73

1.25

+0.48

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.68

-0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.65

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.77

0.39

+0.38

Drawdowns

HSEP.L vs. H50E.L - Drawdown Comparison

The maximum HSEP.L drawdown since its inception was -17.96%, smaller than the maximum H50E.L drawdown of -34.68%. Use the drawdown chart below to compare losses from any high point for HSEP.L and H50E.L.

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Drawdown Indicators

HSEP.LH50E.LDifference

Max Drawdown

Largest peak-to-trough decline

-17.96%

-34.68%

+16.72%

Max Drawdown (1Y)

Largest decline over 1 year

-11.57%

-11.49%

-0.08%

Max Drawdown (3Y)

Largest decline over 3 years

-11.79%

-14.20%

+2.41%

Max Drawdown (5Y)

Largest decline over 5 years

-17.96%

-21.72%

+3.76%

Max Drawdown (10Y)

Largest decline over 10 years

—

-31.50%

—

Current Drawdown

Current decline from peak

-0.94%

-0.42%

-0.52%

Average Drawdown

Average peak-to-trough decline

-3.47%

-7.22%

+3.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.19%

3.43%

-0.24%

Volatility

HSEP.L vs. H50E.L - Volatility Comparison

HSBC Europe Sustainable Equity UCITS ETF EUR (HSEP.L) and HSBC EURO STOXX 50 UCITS ETF (H50E.L) have volatilities of 4.61% 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.

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Volatility by Period

HSEP.LH50E.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.61%

4.79%

-0.18%

Volatility (6M)

Calculated over the trailing 6-month period

11.07%

12.32%

-1.25%

Volatility (1Y)

Calculated over the trailing 1-year period

13.15%

15.11%

-1.96%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.17%

17.19%

-3.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.52%

17.99%

-3.47%

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

HSEP.L has a 0.15% 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

HSEP.L vs. H50E.L - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
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%
HSEP.L
HSBC Europe Sustainable Equity UCITS ETF EUR		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

With a correlation of 0.90, HSEP.L and H50E.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, HSEP.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HSEP.L is cheaper with a 0.15% expense ratio, compared with 0.25% for H50E.L.

HSEP.L tracks MSCI Europe NR EUR, while H50E.L tracks MSCI EMU NR EUR. Their fees differ too: 0.15% for HSEP.L and 0.25% for H50E.L.

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