HSTE.L vs. ^NDX
HSTE.L (HSBC Hang Seng Tech UCITS ETF) is Technology Equities fund tracking the MSCI World/Information Tech NR USD, while ^NDX (NASDAQ 100 Index) is an index. Over the past 5 years, HSTE.L returned -9.33%/yr vs 17.17%/yr for ^NDX. At a 0.28 correlation, their price movements are largely independent.
Performance
HSTE.L vs. ^NDX - Performance Comparison
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Returns By Period
In the year-to-date period, HSTE.L achieves a -10.40% return, which is significantly lower than ^NDX's 20.43% return.
HSTE.L
- 1D
- -0.67%
- 1M
- 0.94%
- YTD
- -10.40%
- 6M
- -11.48%
- 1Y
- -4.91%
- 3Y*
- 9.68%
- 5Y*
- -9.33%
- 10Y*
- —
^NDX
- 1D
- -0.53%
- 1M
- 8.54%
- YTD
- 20.43%
- 6M
- 18.87%
- 1Y
- 39.99%
- 3Y*
- 27.83%
- 5Y*
- 17.17%
- 10Y*
- 20.99%
HSTE.L vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HSTE.L HSBC Hang Seng Tech UCITS ETF | -10.40% | 24.57% | 19.70% | -8.44% | -27.99% | -32.88% | 4.51% |
^NDX NASDAQ 100 Index | 20.43% | 20.17% | 24.88% | 53.81% | -32.97% | 26.63% | 3.92% |
Correlation
The correlation between HSTE.L and ^NDX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2020 | 0.28 |
The correlation between HSTE.L and ^NDX shifts across timeframes, from 0.28 (3 years) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HSTE.L vs. ^NDX — Risk / Return Rank
HSTE.L
^NDX
HSTE.L vs. ^NDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Hang Seng Tech UCITS ETF (HSTE.L) and NASDAQ 100 Index (^NDX). 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.
| HSTE.L | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.68 | ||
| Sortino ratioReturn per unit of downside risk | -3.35 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.43 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 3.31 | -3.47 |
| Martin ratioReturn relative to average drawdown | -0.30 | 12.67 | -12.96 |
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
| HSTE.L | ^NDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.18 | 2.50 | -2.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | 0.76 | -1.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.22 | 0.57 | -0.79 |
Drawdowns
HSTE.L vs. ^NDX - Drawdown Comparison
The maximum HSTE.L drawdown since its inception was -74.82%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for HSTE.L and ^NDX.
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Drawdown Indicators
| HSTE.L | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.82% | -82.90% | +8.08% |
Max Drawdown (1Y)Largest decline over 1 year | -30.70% | -12.12% | -18.58% |
Max Drawdown (3Y)Largest decline over 3 years | -34.92% | -22.93% | -11.99% |
Max Drawdown (5Y)Largest decline over 5 years | -67.13% | -35.56% | -31.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.56% | — |
Current DrawdownCurrent decline from peak | -53.93% | -0.82% | -53.11% |
Average DrawdownAverage peak-to-trough decline | -52.77% | -24.62% | -28.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.59% | 3.17% | +13.42% |
Volatility
HSTE.L vs. ^NDX - Volatility Comparison
HSBC Hang Seng Tech UCITS ETF (HSTE.L) has a higher volatility of 10.94% compared to NASDAQ 100 Index (^NDX) at 4.54%. This indicates that HSTE.L's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSTE.L | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.94% | 4.54% | +6.40% |
Volatility (6M)Calculated over the trailing 6-month period | 20.11% | 12.18% | +7.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.47% | 16.08% | +11.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.38% | 22.59% | +16.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.03% | 22.52% | +16.51% |
Frequently Asked Questions
HSTE.L and ^NDX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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