HSTE.L vs. BRK-B

Last updated Apr 3, 2026

Compare and contrast key facts about HSBC Hang Seng Tech UCITS ETF (HSTE.L) and Berkshire Hathaway Inc. (BRK-B).

HSTE.L is a passively managed fund by HSBC that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Dec 9, 2020.

Performance

HSTE.L vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HSBC Hang Seng Tech UCITS ETF (HSTE.L) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

HSTE.L vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
HSTE.L HSBC Hang Seng Tech UCITS ETF	-15.71%	24.57%	19.70%	-8.44%	-27.99%	-32.88%	4.51%
BRK-B Berkshire Hathaway Inc.	-5.03%	10.89%	27.09%	15.46%	3.31%	28.95%	1.99%

Returns By Period

In the year-to-date period, HSTE.L achieves a -15.71% return, which is significantly lower than BRK-B's -5.03% return.

HSTE.L

• 1D: -1.53%
• 1M: -1.89%
• YTD: -15.71%
• 6M: -29.98%
• 1Y: -12.89%
• 3Y*: 3.50%
• 5Y*: -11.32%
• 10Y*: —

BRK-B

• 1D: -0.24%
• 1M: -0.83%
• YTD: -5.03%
• 6M: -3.74%
• 1Y: -11.23%
• 3Y*: 15.44%
• 5Y*: 13.08%
• 10Y*: 12.79%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

HSTE.L vs. BRK-B — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HSTE.L

HSTE.L Risk / Return Rank: 5
HSTE.L Sharpe Ratio Rank: 5
HSTE.L Sortino Ratio Rank: 5
HSTE.L Omega Ratio Rank: 5
HSTE.L Calmar Ratio Rank: 6
HSTE.L Martin Ratio Rank: 5

BRK-B

BRK-B Risk / Return Rank: 15
BRK-B Sharpe Ratio Rank: 14
BRK-B Sortino Ratio Rank: 15
BRK-B Omega Ratio Rank: 14
BRK-B Calmar Ratio Rank: 15
BRK-B Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HSTE.L vs. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC Hang Seng Tech UCITS ETF (HSTE.L) and Berkshire Hathaway Inc. (BRK-B). 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	BRK-B	Difference
Sharpe ratio Return per unit of total volatility	-0.44	-0.62	+0.17
Sortino ratio Return per unit of downside risk	-0.45	-0.73	+0.28
Omega ratio Gain probability vs. loss probability	0.95	0.90	+0.05
Calmar ratio Return relative to maximum drawdown	-0.38	-0.70	+0.32
Martin ratio Return relative to average drawdown	-0.88	-1.19	+0.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HSTE.L vs. BRK-B - Sharpe Ratio Comparison

The current HSTE.L Sharpe Ratio is -0.44, which is comparable to the BRK-B Sharpe Ratio of -0.62. The chart below compares the historical Sharpe Ratios of HSTE.L and BRK-B, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HSTE.L	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.44	-0.62	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.29	0.76	-1.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.25	0.48	-0.73

Correlation

The correlation between HSTE.L and BRK-B is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HSTE.L vs. BRK-B - Dividend Comparison

Neither HSTE.L nor BRK-B has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

HSTE.L vs. BRK-B - Drawdown Comparison

The maximum HSTE.L drawdown since its inception was -74.82%, which is greater than BRK-B's maximum drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for HSTE.L and BRK-B.

Drawdown Indicators

	HSTE.L	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-74.82%	-53.86%	-20.96%
Max Drawdown (1Y) Largest decline over 1 year	-29.99%	-14.95%	-15.04%
Max Drawdown (5Y) Largest decline over 5 years	-68.29%	-26.58%	-41.71%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.57%	—
Current Drawdown Current decline from peak	-56.66%	-11.57%	-45.09%
Average Drawdown Average peak-to-trough decline	-52.73%	-11.07%	-41.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.91%	8.75%	+4.16%

Volatility

HSTE.L vs. BRK-B - Volatility Comparison

HSBC Hang Seng Tech UCITS ETF (HSTE.L) has a higher volatility of 8.70% compared to Berkshire Hathaway Inc. (BRK-B) at 4.12%. This indicates that HSTE.L's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HSTE.L	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.70%	4.12%	+4.58%
Volatility (6M) Calculated over the trailing 6-month period	18.77%	11.11%	+7.66%
Volatility (1Y) Calculated over the trailing 1-year period	28.96%	18.30%	+10.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.11%	17.20%	+21.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.18%	19.44%	+19.74%