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 -8.37%/yr vs -1.81%/yr for ^HSI. A 0.60 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 -10.22% return, which is significantly lower than ^HSI's -1.68% return.
HSTC.L
- 1D
- -0.47%
- 1M
- 1.80%
- YTD
- -10.22%
- 6M
- -12.07%
- 1Y
- -4.10%
- 3Y*
- 6.84%
- 5Y*
- -8.37%
- 10Y*
- —
^HSI
- 1D
- -1.41%
- 1M
- -1.53%
- YTD
- -1.68%
- 6M
- -3.89%
- 1Y
- 7.99%
- 3Y*
- 7.02%
- 5Y*
- -1.81%
- 10Y*
- 2.53%
HSTC.L vs. ^HSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HSTC.L HSBC Hang Seng Tech UCITS ETF | -10.22% | 16.17% | 21.37% | -13.38% | -19.39% | -31.98% | 1.62% |
^HSI Hang Seng Index | -1.68% | 18.46% | 20.34% | -18.12% | -5.57% | -13.75% | 0.30% |
Correlation
The correlation between HSTC.L and ^HSI is 0.55, 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 | 0.55 |
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 11, 2020 | 0.60 |
The correlation between HSTC.L and ^HSI has been stable across timeframes, ranging from 0.55 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.
| HSTC.L | ^HSI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.08 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 0.67 | -0.81 |
| Martin ratioReturn relative to average drawdown | -0.25 | 1.66 | -1.91 |
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
| HSTC.L | ^HSI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | 0.44 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | -0.07 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.23 | 0.12 | -0.35 |
Drawdowns
HSTC.L vs. ^HSI - Drawdown Comparison
The maximum HSTC.L drawdown since its inception was -69.93%, 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 | -69.93% | -53.73% | -16.20% |
Max Drawdown (1Y)Largest decline over 1 year | -29.97% | -12.25% | -17.72% |
Max Drawdown (3Y)Largest decline over 3 years | -33.73% | -24.96% | -8.77% |
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 | -52.55% | -20.10% | -32.45% |
Average DrawdownAverage peak-to-trough decline | -50.05% | -17.21% | -32.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.69% | 4.87% | +11.82% |
Volatility
HSTC.L vs. ^HSI - Volatility Comparison
HSBC Hang Seng Tech UCITS ETF (HSTC.L) has a higher volatility of 10.05% compared to Hang Seng Index (^HSI) at 5.41%. 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 | 10.05% | 5.41% | +4.64% |
Volatility (6M)Calculated over the trailing 6-month period | 18.62% | 14.14% | +4.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.80% | 18.78% | +7.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.00% | 25.42% | +12.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.64% | 22.37% | +15.27% |
Frequently Asked Questions
HSTC.L and ^HSI have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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