HSEU.L vs. HNSS.L
HSEU.L (HSBC Europe Screened Equity UCITS ETF) and HNSS.L (HSBC Nasdaq Global Semiconductor UCITS ETF) are both exchange-traded funds - HSEU.L is a Europe Equities fund tracking the HSBC Europe Screened Equity UCITS ETF, while HNSS.L is a Semiconductors fund tracking the Nasdaq Global Semiconductor Index. Both are passively managed. Over the past 3 years, HSEU.L returned 15.85%/yr vs 55.67%/yr for HNSS.L. A 0.50 correlation means they provide meaningful diversification when combined. HSEU.L charges 0.15%/yr vs 0.35%/yr for HNSS.L.
Performance
HSEU.L vs. HNSS.L - Performance Comparison
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Different Trading Currencies
HSEU.L is traded in EUR, while HNSS.L is traded in GBP. To make them comparable, the HNSS.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, HSEU.L achieves a 14.74% return, which is significantly lower than HNSS.L's 92.08% return.
HSEU.L
- 1D
- -0.57%
- 1M
- 0.77%
- 6M
- 11.27%
- YTD
- 14.74%
- 1Y
- 26.09%
- 3Y*
- 15.85%
- 5Y*
- 10.23%
- 10Y*
- —
HNSS.L
- 1D
- 0.00%
- 1M
- -5.56%
- 6M
- 74.16%
- YTD
- 92.08%
- 1Y
- 149.91%
- 3Y*
- 55.67%
- 5Y*
- —
- 10Y*
- —
HSEU.L vs. HNSS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HSEU.L HSBC Europe Screened Equity UCITS ETF | 14.74% | 18.95% | 9.59% | 15.27% | -6.68% |
HNSS.L HSBC Nasdaq Global Semiconductor UCITS ETF | 92.08% | 37.91% | 25.75% | 35.71% | -29.72% |
Correlation
The correlation between HSEU.L and HNSS.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2022 | 0.50 |
The correlation between HSEU.L and HNSS.L has been stable across timeframes, ranging from 0.48 to 0.50 - a consistent structural relationship.
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Return for Risk
HSEU.L vs. HNSS.L — Risk / Return Rank
HSEU.L
HNSS.L
HSEU.L vs. HNSS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Europe Screened Equity UCITS ETF (HSEU.L) and HSBC Nasdaq Global Semiconductor UCITS ETF (HNSS.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.
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.
| HSEU.L | HNSS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.51 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 4.97 | -2.43 |
| Martin ratioReturn relative to average drawdown | 9.67 | 12.71 | -3.04 |
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Drawdowns
HSEU.L vs. HNSS.L - Drawdown Comparison
The maximum HSEU.L drawdown since its inception was -21.47%, smaller than the maximum HNSS.L drawdown of -43.52%. Use the drawdown chart below to compare losses from any high point for HSEU.L and HNSS.L.
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Drawdown Indicators
| HSEU.L | HNSS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.47% | -43.52% | +22.05% |
Max Drawdown (1Y)Largest decline over 1 year | -10.48% | -30.17% | +19.69% |
Max Drawdown (3Y)Largest decline over 3 years | -14.61% | -37.96% | +23.35% |
Max Drawdown (5Y)Largest decline over 5 years | -21.47% | — | — |
Current DrawdownCurrent decline from peak | -2.10% | -12.41% | +10.31% |
Average DrawdownAverage peak-to-trough decline | -3.94% | -17.15% | +13.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 11.79% | -9.04% |
Volatility
HSEU.L vs. HNSS.L - Volatility Comparison
The current volatility for HSBC Europe Screened Equity UCITS ETF (HSEU.L) is 3.76%, while HSBC Nasdaq Global Semiconductor UCITS ETF (HNSS.L) has a volatility of 18.10%. This indicates that HSEU.L experiences smaller price fluctuations and is considered to be less risky than HNSS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSEU.L | HNSS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 18.10% | -14.34% |
Volatility (6M)Calculated over the trailing 6-month period | 11.83% | 31.57% | -19.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.86% | 57.13% | -43.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.49% | 39.67% | -25.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.71% | 39.67% | -24.96% |
HSEU.L vs. HNSS.L - Expense Ratio Comparison
HSEU.L has a 0.15% expense ratio, which is lower than HNSS.L's 0.35% expense ratio.
Dividends
HSEU.L vs. HNSS.L - Dividend Comparison
Neither HSEU.L nor HNSS.L has paid dividends to shareholders.
Frequently Asked Questions
HSEU.L and HNSS.L 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.
On fees, HSEU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HSEU.L is cheaper with a 0.15% expense ratio, compared with 0.35% for HNSS.L.
HSEU.L is categorized as Europe Equities, while HNSS.L is Semiconductors. HSEU.L tracks HSBC Europe Screened Equity UCITS ETF, while HNSS.L tracks Nasdaq Global Semiconductor Index. Their fees differ too: 0.15% for HSEU.L and 0.35% for HNSS.L.
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