HSTC.L vs. HSTE.L
Compare and contrast key facts about HSBC Hang Seng Tech UCITS ETF (HSTC.L) and HSBC Hang Seng Tech UCITS ETF (HSTE.L).
HSTC.L and HSTE.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HSTC.L is a passively managed fund by HSBC Investment Funds (Luxembourg) S.A. that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Dec 9, 2020. HSTE.L is a passively managed fund by HSBC Investment Funds (Luxembourg) S.A. that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Dec 9, 2020. Both HSTC.L and HSTE.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HSTC.L or HSTE.L.
Key characteristics
| HSTC.L | HSTE.L | |
|---|---|---|
| YTD Return | 17.41% | 17.23% |
| 1Y Return | 6.18% | 8.16% |
| 3Y Return (Ann) | -11.02% | -12.60% |
| Sharpe Ratio | 0.06 | 0.12 |
| Sortino Ratio | 0.36 | 0.45 |
| Omega Ratio | 1.04 | 1.05 |
| Calmar Ratio | 0.03 | 0.06 |
| Martin Ratio | 0.14 | 0.29 |
| Ulcer Index | 15.98% | 14.92% |
| Daily Std Dev | 36.68% | 37.45% |
| Max Drawdown | -69.93% | -74.82% |
| Current Drawdown | -55.99% | -59.57% |
Correlation
The correlation between HSTC.L and HSTE.L is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HSTC.L vs. HSTE.L - Performance Comparison
The year-to-date returns for both stocks are quite close, with HSTC.L having a 17.41% return and HSTE.L slightly lower at 17.23%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HSTC.L vs. HSTE.L - Expense Ratio Comparison
Both HSTC.L and HSTE.L have an expense ratio of 0.50%.
Risk-Adjusted Performance
HSTC.L vs. HSTE.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Hang Seng Tech UCITS ETF (HSTC.L) and HSBC Hang Seng Tech UCITS ETF (HSTE.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.
Dividends
HSTC.L vs. HSTE.L - Dividend Comparison
Neither HSTC.L nor HSTE.L has paid dividends to shareholders.
Drawdowns
HSTC.L vs. HSTE.L - Drawdown Comparison
The maximum HSTC.L drawdown since its inception was -69.93%, smaller than the maximum HSTE.L drawdown of -74.82%. Use the drawdown chart below to compare losses from any high point for HSTC.L and HSTE.L. For additional features, visit the drawdowns tool.
Volatility
HSTC.L vs. HSTE.L - Volatility Comparison
HSBC Hang Seng Tech UCITS ETF (HSTC.L) and HSBC Hang Seng Tech UCITS ETF (HSTE.L) have volatilities of 13.39% and 13.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.