HSTE.L vs. BRK-B
HSTE.L (HSBC Hang Seng Tech UCITS ETF) is Technology Equities fund tracking the MSCI World/Information Tech NR USD, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 5 years, HSTE.L returned -8.55%/yr vs 11.94%/yr for BRK-B. At a 0.08 correlation, their price movements are largely independent.
Performance
HSTE.L vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, HSTE.L achieves a -13.70% return, which is significantly lower than BRK-B's -2.84% return.
HSTE.L
- 1D
- 2.14%
- 1M
- 0.30%
- 6M
- -18.64%
- YTD
- -13.70%
- 1Y
- -11.29%
- 3Y*
- 5.00%
- 5Y*
- -8.55%
- 10Y*
- —
BRK-B
- 1D
- -0.56%
- 1M
- -1.45%
- 6M
- -0.97%
- YTD
- -2.84%
- 1Y
- 3.88%
- 3Y*
- 12.71%
- 5Y*
- 11.94%
- 10Y*
- 12.84%
HSTE.L vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HSTE.L HSBC Hang Seng Tech UCITS ETF | -13.70% | 24.64% | 19.65% | -8.46% | -27.99% | -32.88% | -86.54% |
BRK-B Berkshire Hathaway Inc. | -2.84% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 1.61% |
Correlation
The correlation between HSTE.L and BRK-B is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2020 | 0.08 |
The correlation between HSTE.L and BRK-B shifts across timeframes, from -0.07 (1 year) to 0.09 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HSTE.L vs. BRK-B — Risk / Return Rank
HSTE.L
BRK-B
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.
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.
| HSTE.L | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.06 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 0.41 | -0.73 |
| Martin ratioReturn relative to average drawdown | -0.57 | 0.87 | -1.44 |
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Drawdowns
HSTE.L vs. BRK-B - Drawdown Comparison
The maximum HSTE.L drawdown since its inception was -95.65%, 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.
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Drawdown Indicators
| HSTE.L | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.65% | -53.86% | -41.79% |
Max Drawdown (1Y)Largest decline over 1 year | -35.09% | -9.42% | -25.67% |
Max Drawdown (3Y)Largest decline over 3 years | -35.09% | -14.95% | -20.14% |
Max Drawdown (5Y)Largest decline over 5 years | -63.71% | -26.58% | -37.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.57% | — |
Current DrawdownCurrent decline from peak | -92.33% | -9.53% | -82.80% |
Average DrawdownAverage peak-to-trough decline | -91.81% | -11.06% | -80.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.67% | 4.47% | +15.20% |
Volatility
HSTE.L vs. BRK-B - Volatility Comparison
HSBC Hang Seng Tech UCITS ETF (HSTE.L) has a higher volatility of 8.04% compared to Berkshire Hathaway Inc. (BRK-B) at 4.54%. 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.
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Volatility by Period
| HSTE.L | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 4.54% | +3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 21.08% | 11.04% | +10.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.05% | 14.57% | +13.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.45% | 17.12% | +22.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.48% | 19.40% | +34.08% |
Dividends
HSTE.L vs. BRK-B - Dividend Comparison
Neither HSTE.L nor BRK-B has paid dividends to shareholders.
Frequently Asked Questions
HSTE.L and BRK-B have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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