HSPS.L vs. HSTC.L
HSPS.L (HSBC S&P 500 UCITS ETF USD (Acc)) and HSTC.L (HSBC Hang Seng Tech UCITS ETF) are both exchange-traded funds - HSPS.L is a S&P 500 fund tracking the S&P 500 Index, while HSTC.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 3 years, HSPS.L returned 19.33%/yr vs 6.80%/yr for HSTC.L. At a 0.24 correlation, their price movements are largely independent. HSPS.L charges 0.09%/yr vs 0.50%/yr for HSTC.L.
Performance
HSPS.L vs. HSTC.L - Performance Comparison
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Returns By Period
In the year-to-date period, HSPS.L achieves a 10.55% return, which is significantly higher than HSTC.L's -9.80% return.
HSPS.L
- 1D
- -0.19%
- 1M
- 5.98%
- YTD
- 10.55%
- 6M
- 10.55%
- 1Y
- 29.12%
- 3Y*
- 19.33%
- 5Y*
- —
- 10Y*
- —
HSTC.L
- 1D
- -3.18%
- 1M
- 1.90%
- YTD
- -9.80%
- 6M
- -10.54%
- 1Y
- -2.06%
- 3Y*
- 6.80%
- 5Y*
- -8.28%
- 10Y*
- —
HSPS.L vs. HSTC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HSPS.L HSBC S&P 500 UCITS ETF USD (Acc) | 10.55% | 9.33% | 27.36% | 19.90% | 4.27% |
HSTC.L HSBC Hang Seng Tech UCITS ETF | -9.80% | 16.17% | 21.37% | -13.38% | -8.63% |
Correlation
The correlation between HSPS.L and HSTC.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2022 | 0.24 |
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Return for Risk
HSPS.L vs. HSTC.L — Risk / Return Rank
HSPS.L
HSTC.L
HSPS.L vs. HSTC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC S&P 500 UCITS ETF USD (Acc) (HSPS.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.
| HSPS.L | HSTC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.84 | ||
| Sortino ratioReturn per unit of downside risk | +3.62 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.01 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 3.94 | -0.07 | +4.00 |
| Martin ratioReturn relative to average drawdown | 14.14 | -0.12 | +14.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HSPS.L | HSTC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.76 | -0.08 | +2.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.31 | -0.23 | +1.54 |
Drawdowns
HSPS.L vs. HSTC.L - Drawdown Comparison
The maximum HSPS.L drawdown since its inception was -20.94%, smaller than the maximum HSTC.L drawdown of -69.93%. Use the drawdown chart below to compare losses from any high point for HSPS.L and HSTC.L.
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Drawdown Indicators
| HSPS.L | HSTC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.94% | -69.93% | +48.99% |
Max Drawdown (1Y)Largest decline over 1 year | -7.37% | -29.97% | +22.60% |
Max Drawdown (3Y)Largest decline over 3 years | -20.94% | -33.73% | +12.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -60.66% | — |
Current DrawdownCurrent decline from peak | -0.19% | -52.33% | +52.14% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -50.05% | +46.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 16.62% | -14.57% |
Volatility
HSPS.L vs. HSTC.L - Volatility Comparison
The current volatility for HSBC S&P 500 UCITS ETF USD (Acc) (HSPS.L) is 2.62%, while HSBC Hang Seng Tech UCITS ETF (HSTC.L) has a volatility of 10.04%. This indicates that HSPS.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.
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Volatility by Period
| HSPS.L | HSTC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 10.04% | -7.42% |
Volatility (6M)Calculated over the trailing 6-month period | 7.14% | 18.64% | -11.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.57% | 25.82% | -15.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.73% | 38.00% | -24.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.73% | 37.66% | -23.93% |
HSPS.L vs. HSTC.L - Expense Ratio Comparison
HSPS.L has a 0.09% expense ratio, which is lower than HSTC.L's 0.50% expense ratio.
Dividends
HSPS.L vs. HSTC.L - Dividend Comparison
Neither HSPS.L nor HSTC.L has paid dividends to shareholders.
Frequently Asked Questions
HSPS.L and HSTC.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HSPS.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HSPS.L is cheaper with a 0.09% expense ratio, compared with 0.50% for HSTC.L.
HSPS.L is categorized as S&P 500, while HSTC.L is Technology Equities. HSPS.L tracks S&P 500 Index, while HSTC.L tracks MSCI World/Information Tech NR USD. Their fees differ too: 0.09% for HSPS.L and 0.50% for HSTC.L.
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