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 -9.33%/yr vs 10.35%/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 -10.40% return, which is significantly lower than BRK-B's -4.78% 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*
- —
BRK-B
- 1D
- 0.69%
- 1M
- 2.82%
- YTD
- -4.78%
- 6M
- -4.89%
- 1Y
- -2.52%
- 3Y*
- 13.36%
- 5Y*
- 10.35%
- 10Y*
- 12.93%
HSTE.L vs. BRK-B - 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% |
BRK-B Berkshire Hathaway Inc. | -4.78% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 1.99% |
Correlation
The correlation between HSTE.L and BRK-B is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2020 | 0.08 |
The correlation between HSTE.L and BRK-B shifts across timeframes, from -0.05 (1 year) to 0.10 (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.
| HSTE.L | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.98 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | -0.27 | +0.11 |
| Martin ratioReturn relative to average drawdown | -0.30 | -0.57 | +0.27 |
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 | BRK-B | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.18 | -0.18 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | 0.61 | -0.84 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.22 | 0.48 | -0.69 |
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.
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Drawdown Indicators
| HSTE.L | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.82% | -53.86% | -20.96% |
Max Drawdown (1Y)Largest decline over 1 year | -30.70% | -9.42% | -21.28% |
Max Drawdown (3Y)Largest decline over 3 years | -34.92% | -14.95% | -19.97% |
Max Drawdown (5Y)Largest decline over 5 years | -67.13% | -26.58% | -40.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.57% | — |
Current DrawdownCurrent decline from peak | -53.93% | -11.33% | -42.60% |
Average DrawdownAverage peak-to-trough decline | -52.77% | -11.07% | -41.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.59% | 4.46% | +12.13% |
Volatility
HSTE.L vs. BRK-B - Volatility Comparison
HSBC Hang Seng Tech UCITS ETF (HSTE.L) has a higher volatility of 10.94% compared to Berkshire Hathaway Inc. (BRK-B) at 3.72%. 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 | 10.94% | 3.72% | +7.22% |
Volatility (6M)Calculated over the trailing 6-month period | 20.11% | 10.70% | +9.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.47% | 14.32% | +13.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.38% | 17.11% | +22.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.03% | 19.43% | +19.60% |
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 -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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