HSTC.L vs. IDTW.L
HSTC.L (HSBC Hang Seng Tech UCITS ETF) and IDTW.L (iShares MSCI Taiwan UCITS ETF USD (Dist)) are both Technology Equities funds - HSTC.L tracks the MSCI World/Information Tech NR USD while IDTW.L tracks the iShares MSCI Taiwan UCITS ETF USD (Dist). Both are passively managed. Over the past 5 years, HSTC.L returned -8.16%/yr vs 20.64%/yr for IDTW.L. At a 0.38 correlation, their price movements are largely independent. HSTC.L charges 0.50%/yr vs 0.74%/yr for IDTW.L.
Performance
HSTC.L vs. IDTW.L - Performance Comparison
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Different Trading Currencies
HSTC.L is traded in GBP, while IDTW.L is traded in USD. To make them comparable, the IDTW.L 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 -13.91% return, which is significantly lower than IDTW.L's 60.13% return.
HSTC.L
- 1D
- 1.43%
- 1M
- -0.20%
- 6M
- -18.85%
- YTD
- -13.91%
- 1Y
- -11.92%
- 3Y*
- 4.00%
- 5Y*
- -8.16%
- 10Y*
- —
IDTW.L
- 1D
- 0.00%
- 1M
- -5.60%
- 6M
- 52.61%
- YTD
- 60.13%
- 1Y
- 85.79%
- 3Y*
- 38.65%
- 5Y*
- 20.64%
- 10Y*
- 20.30%
HSTC.L vs. IDTW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HSTC.L HSBC Hang Seng Tech UCITS ETF | -13.91% | 16.16% | 21.32% | -13.30% | -19.39% | -31.98% | -90.15% |
IDTW.L iShares MSCI Taiwan UCITS ETF USD (Dist) | 60.13% | 22.39% | 25.77% | 22.40% | -21.17% | 29.73% | 0.01% |
Correlation
The correlation between HSTC.L and IDTW.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2020 | 0.38 |
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Return for Risk
HSTC.L vs. IDTW.L — Risk / Return Rank
HSTC.L
IDTW.L
HSTC.L vs. IDTW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Hang Seng Tech UCITS ETF (HSTC.L) and iShares MSCI Taiwan UCITS ETF USD (Dist) (IDTW.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.
| HSTC.L | IDTW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.63 | ||
| Sortino ratioReturn per unit of downside risk | -4.27 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.52 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 7.56 | -7.91 |
| Martin ratioReturn relative to average drawdown | -0.60 | 20.70 | -21.30 |
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Drawdowns
HSTC.L vs. IDTW.L - Drawdown Comparison
The maximum HSTC.L drawdown since its inception was -96.26%, which is greater than IDTW.L's maximum drawdown of -47.00%. Use the drawdown chart below to compare losses from any high point for HSTC.L and IDTW.L.
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Drawdown Indicators
| HSTC.L | IDTW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.26% | -47.00% | -49.26% |
Max Drawdown (1Y)Largest decline over 1 year | -34.34% | -11.21% | -23.13% |
Max Drawdown (3Y)Largest decline over 3 years | -34.34% | -29.91% | -4.43% |
Max Drawdown (5Y)Largest decline over 5 years | -56.84% | -30.18% | -26.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.18% | — |
Current DrawdownCurrent decline from peak | -94.34% | -11.21% | -83.13% |
Average DrawdownAverage peak-to-trough decline | -93.59% | -9.11% | -84.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.73% | 4.10% | +15.63% |
Volatility
HSTC.L vs. IDTW.L - Volatility Comparison
The current volatility for HSBC Hang Seng Tech UCITS ETF (HSTC.L) is 7.82%, while iShares MSCI Taiwan UCITS ETF USD (Dist) (IDTW.L) has a volatility of 11.22%. This indicates that HSTC.L experiences smaller price fluctuations and is considered to be less risky than IDTW.L 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 | IDTW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.82% | 11.22% | -3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 19.34% | 23.14% | -3.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.51% | 26.69% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.03% | 22.44% | +15.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.46% | 21.75% | +31.71% |
HSTC.L vs. IDTW.L - Expense Ratio Comparison
HSTC.L has a 0.50% expense ratio, which is lower than IDTW.L's 0.74% expense ratio.
Dividends
HSTC.L vs. IDTW.L - Dividend Comparison
HSTC.L has not paid dividends to shareholders, while IDTW.L's dividend yield for the trailing twelve months is around 0.96%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSTC.L HSBC Hang Seng Tech UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDTW.L iShares MSCI Taiwan UCITS ETF USD (Dist) | 0.96% | 1.51% | 1.43% | 2.09% | 3.39% | 1.35% | 1.73% | 2.15% | 2.78% | 2.70% | 3.10% | 3.33% |
Frequently Asked Questions
HSTC.L and IDTW.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HSTC.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HSTC.L is cheaper with a 0.50% expense ratio, compared with 0.74% for IDTW.L.
HSTC.L tracks MSCI World/Information Tech NR USD, while IDTW.L tracks iShares MSCI Taiwan UCITS ETF USD (Dist). They also come from different issuers: HSBC and iShares. Their fees differ too: 0.50% for HSTC.L and 0.74% for IDTW.L.
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