HSEU.L vs. HSTC.L

Last updated Jul 16, 2026

HSEU.L (HSBC Europe Screened Equity UCITS ETF) and HSTC.L (HSBC Hang Seng Tech UCITS ETF) are both exchange-traded funds - HSEU.L is a Europe Equities fund tracking the HSBC Europe Screened Equity UCITS ETF, while HSTC.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, HSEU.L returned 10.23%/yr vs -7.93%/yr for HSTC.L. At a 0.31 correlation, their price movements are largely independent. HSEU.L charges 0.15%/yr vs 0.50%/yr for HSTC.L.

Performance

HSEU.L vs. HSTC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in HSBC Europe Screened Equity UCITS ETF (HSEU.L) and HSBC Hang Seng Tech UCITS ETF (HSTC.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HSEU.L is traded in EUR, while HSTC.L is traded in GBP. To make them comparable, the HSTC.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 higher than HSTC.L's -11.34% 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*: —

HSTC.L

• 1D: 2.11%
• 1M: 1.74%
• 6M: -17.04%
• YTD: -11.34%
• 1Y: -9.91%
• 3Y*: 4.41%
• 5Y*: -7.93%
• 10Y*: —

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

HSEU.L vs. HSTC.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
HSEU.L HSBC Europe Screened Equity UCITS ETF	14.74%	18.95%	9.59%	15.27%	-11.04%	18.74%	1.62%
HSTC.L HSBC Hang Seng Tech UCITS ETF	-11.34%	10.10%	27.18%	-11.46%	-23.55%	-27.56%	-90.07%

Correlation

The correlation between HSEU.L and HSTC.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (All Time) Calculated using the full available price history since Dec 9, 2020	0.31

Return for Risk

HSEU.L vs. HSTC.L — Risk / Return Rank

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

HSEU.L

HSEU.L Risk / Return Rank: 72
HSEU.L Sharpe Ratio Rank: 75
HSEU.L Sortino Ratio Rank: 76
HSEU.L Omega Ratio Rank: 77
HSEU.L Calmar Ratio Rank: 63
HSEU.L Martin Ratio Rank: 67

HSTC.L

HSTC.L Risk / Return Rank: 6
HSTC.L Sharpe Ratio Rank: 5
HSTC.L Sortino Ratio Rank: 5
HSTC.L Omega Ratio Rank: 5
HSTC.L Calmar Ratio Rank: 6
HSTC.L Martin Ratio Rank: 6

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.

HSEU.L vs. HSTC.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 Hang Seng Tech UCITS ETF (HSTC.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	HSTC.L	Difference
Sharpe ratio: Return per unit of total volatility	1.92	-0.37	+2.28
Sortino ratio: Return per unit of downside risk	2.71	-0.35	+3.06
Omega ratio: Gain probability vs. loss probability	1.36	0.96	+0.40
Calmar ratio: Return relative to maximum drawdown	2.53	-0.29	+2.83
Martin ratio: Return relative to average drawdown	9.67	-0.51	+10.18

HSEU.L vs. HSTC.L - Sharpe Ratio Comparison

The current HSEU.L Sharpe Ratio is 1.92, which is higher than the HSTC.L Sharpe Ratio of -0.37. The chart below compares the historical Sharpe Ratios of HSEU.L and HSTC.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.

Drawdowns

HSEU.L vs. HSTC.L - Drawdown Comparison

The maximum HSEU.L drawdown since its inception was -21.47%, smaller than the maximum HSTC.L drawdown of -96.04%. Use the drawdown chart below to compare losses from any high point for HSEU.L and HSTC.L.

Drawdown Indicators

	HSEU.L	HSTC.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.47%	-96.04%	+74.57%
Max Drawdown (1Y) Largest decline over 1 year	-10.48%	-33.66%	+23.18%
Max Drawdown (3Y) Largest decline over 3 years	-14.61%	-33.66%	+19.05%
Max Drawdown (5Y) Largest decline over 5 years	-21.47%	-56.64%	+35.17%
Current Drawdown Current decline from peak	-2.10%	-93.96%	+91.86%
Average Drawdown Average peak-to-trough decline	-3.94%	-93.27%	+89.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	19.43%	-16.68%

Volatility

HSEU.L vs. HSTC.L - Volatility Comparison

The current volatility for HSBC Europe Screened Equity UCITS ETF (HSEU.L) is 3.76%, while HSBC Hang Seng Tech UCITS ETF (HSTC.L) has a volatility of 8.10%. This indicates that HSEU.L experiences smaller price fluctuations and is considered to be less risky than HSTC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HSEU.L	HSTC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	8.10%	-4.34%
Volatility (6M) Calculated over the trailing 6-month period	11.83%	19.92%	-8.09%
Volatility (1Y) Calculated over the trailing 1-year period	13.86%	27.19%	-13.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.49%	38.23%	-23.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.71%	53.58%	-38.87%

HSEU.L vs. HSTC.L - Expense Ratio Comparison

HSEU.L has a 0.15% expense ratio, which is lower than HSTC.L's 0.50% expense ratio.

Dividends

HSEU.L vs. HSTC.L - Dividend Comparison

Neither HSEU.L nor HSTC.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both HSEU.L and HSTC.L in my portfolio?

HSEU.L and HSTC.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HSEU.L or HSTC.L?

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.

Which ETF is cheaper, HSEU.L or HSTC.L?

HSEU.L is cheaper with a 0.15% expense ratio, compared with 0.50% for HSTC.L.

What is the main difference between HSEU.L and HSTC.L?

HSEU.L is categorized as Europe Equities, while HSTC.L is Technology Equities. HSEU.L tracks HSBC Europe Screened Equity UCITS ETF, while HSTC.L tracks MSCI World/Information Tech NR USD. Their fees differ too: 0.15% for HSEU.L and 0.50% for HSTC.L.