HSTC.L vs. ^HSI
HSTC.L (HSBC Hang Seng Tech UCITS ETF) is Technology Equities fund tracking the MSCI World/Information Tech NR USD, while ^HSI (Hang Seng Index) is an index. Over the past 5 years, HSTC.L returned -10.90%/yr vs -3.57%/yr for ^HSI. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
HSTC.L vs. ^HSI - Performance Comparison
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Different Trading Currencies
HSTC.L is traded in GBP, while ^HSI is traded in HKD. To make them comparable, the ^HSI values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, HSTC.L achieves a -19.83% return, which is significantly lower than ^HSI's -7.23% return.
HSTC.L
- 1D
- -2.74%
- 1M
- -9.61%
- YTD
- -19.83%
- 6M
- -19.26%
- 1Y
- -15.26%
- 3Y*
- 3.24%
- 5Y*
- -10.90%
- 10Y*
- —
^HSI
- 1D
- 0.00%
- 1M
- -6.66%
- YTD
- -7.23%
- 6M
- -7.76%
- 1Y
- -0.64%
- 3Y*
- 6.29%
- 5Y*
- -3.57%
- 10Y*
- 1.42%
HSTC.L vs. ^HSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HSTC.L HSBC Hang Seng Tech UCITS ETF | -19.83% | 16.16% | 21.32% | -13.30% | -19.39% | -31.98% | -90.15% |
^HSI Hang Seng Index | -7.23% | 18.46% | 20.34% | -18.12% | -5.57% | -13.75% | 1.19% |
Correlation
The correlation between HSTC.L and ^HSI is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2020 | 0.59 |
The correlation between HSTC.L and ^HSI has been stable across timeframes, ranging from 0.54 to 0.60 - a consistent structural relationship.
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Return for Risk
HSTC.L vs. ^HSI — Risk / Return Rank
HSTC.L
^HSI
HSTC.L vs. ^HSI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Hang Seng Tech UCITS ETF (HSTC.L) and Hang Seng Index (^HSI). 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.
| HSTC.L | ^HSI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.01 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | -0.05 | -0.40 |
| Martin ratioReturn relative to average drawdown | -0.83 | -0.12 | -0.72 |
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Drawdowns
HSTC.L vs. ^HSI - Drawdown Comparison
The maximum HSTC.L drawdown since its inception was -96.26%, which is greater than ^HSI's maximum drawdown of -53.73%. Use the drawdown chart below to compare losses from any high point for HSTC.L and ^HSI.
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Drawdown Indicators
| HSTC.L | ^HSI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.26% | -53.73% | -42.53% |
Max Drawdown (1Y)Largest decline over 1 year | -33.76% | -14.62% | -19.14% |
Max Drawdown (3Y)Largest decline over 3 years | -33.76% | -24.96% | -8.80% |
Max Drawdown (5Y)Largest decline over 5 years | -60.66% | -44.62% | -16.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.94% | — |
Current DrawdownCurrent decline from peak | -94.73% | -24.61% | -70.12% |
Average DrawdownAverage peak-to-trough decline | -93.58% | -17.29% | -76.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.29% | 5.64% | +12.65% |
Volatility
HSTC.L vs. ^HSI - Volatility Comparison
HSBC Hang Seng Tech UCITS ETF (HSTC.L) has a higher volatility of 8.79% compared to Hang Seng Index (^HSI) at 5.23%. This indicates that HSTC.L's price experiences larger fluctuations and is considered to be riskier than ^HSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSTC.L | ^HSI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.79% | 5.23% | +3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 19.16% | 14.12% | +5.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.99% | 18.74% | +7.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.04% | 25.40% | +12.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.66% | 22.28% | +31.38% |
Frequently Asked Questions
HSTC.L and ^HSI have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for HSTC.L and ^HSI
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