HSTE.L vs. HSXE.L
HSTE.L (HSBC Hang Seng Tech UCITS ETF) and HSXE.L (HSBC Europe Ex UK Screened Equity UCITS ETF EUR Dis) are both exchange-traded funds - HSTE.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while HSXE.L is a Europe Equities fund tracking the HSBC Europe Ex UK Screened Equity UCITS ETF EUR Dis. Both are passively managed. Over the past 3 years, HSTE.L returned 5.00%/yr vs 17.59%/yr for HSXE.L. At a 0.39 correlation, their price movements are largely independent.
Performance
HSTE.L vs. HSXE.L - Performance Comparison
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Different Trading Currencies
HSTE.L is traded in USD, while HSXE.L is traded in GBP. To make them comparable, the HSXE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HSTE.L achieves a -13.70% return, which is significantly lower than HSXE.L's 14.14% 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*
- —
HSXE.L
- 1D
- 0.00%
- 1M
- -0.71%
- 6M
- 11.36%
- YTD
- 14.14%
- 1Y
- 25.87%
- 3Y*
- 17.59%
- 5Y*
- —
- 10Y*
- —
HSTE.L vs. HSXE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HSTE.L HSBC Hang Seng Tech UCITS ETF | -13.70% | 24.64% | 19.65% | -8.46% | 2.14% |
HSXE.L HSBC Europe Ex UK Screened Equity UCITS ETF EUR Dis | 14.14% | 33.54% | 1.87% | 24.60% | -21.29% |
Correlation
The correlation between HSTE.L and HSXE.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2022 | 0.39 |
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Return for Risk
HSTE.L vs. HSXE.L — Risk / Return Rank
HSTE.L
HSXE.L
HSTE.L vs. HSXE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Hang Seng Tech UCITS ETF (HSTE.L) and HSBC Europe Ex UK Screened Equity UCITS ETF EUR Dis (HSXE.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.
| HSTE.L | HSXE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.29 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 2.19 | -2.51 |
| Martin ratioReturn relative to average drawdown | -0.57 | 7.96 | -8.53 |
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Drawdowns
HSTE.L vs. HSXE.L - Drawdown Comparison
The maximum HSTE.L drawdown since its inception was -95.65%, which is greater than HSXE.L's maximum drawdown of -37.01%. Use the drawdown chart below to compare losses from any high point for HSTE.L and HSXE.L.
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Drawdown Indicators
| HSTE.L | HSXE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.65% | -37.01% | -58.64% |
Max Drawdown (1Y)Largest decline over 1 year | -35.09% | -11.72% | -23.37% |
Max Drawdown (3Y)Largest decline over 3 years | -35.09% | -13.44% | -21.65% |
Max Drawdown (5Y)Largest decline over 5 years | -63.71% | — | — |
Current DrawdownCurrent decline from peak | -92.33% | -1.55% | -90.78% |
Average DrawdownAverage peak-to-trough decline | -91.81% | -8.80% | -83.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.67% | 3.23% | +16.44% |
Volatility
HSTE.L vs. HSXE.L - Volatility Comparison
HSBC Hang Seng Tech UCITS ETF (HSTE.L) has a higher volatility of 8.04% compared to HSBC Europe Ex UK Screened Equity UCITS ETF EUR Dis (HSXE.L) at 4.06%. This indicates that HSTE.L's price experiences larger fluctuations and is considered to be riskier than HSXE.L 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 | HSXE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 4.06% | +3.98% |
Volatility (6M)Calculated over the trailing 6-month period | 21.08% | 13.23% | +7.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.05% | 15.60% | +12.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.45% | 21.57% | +17.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.48% | 21.57% | +31.91% |
Dividends
HSTE.L vs. HSXE.L - Dividend Comparison
HSTE.L has not paid dividends to shareholders, while HSXE.L's dividend yield for the trailing twelve months is around 2.52%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HSTE.L HSBC Hang Seng Tech UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
HSXE.L HSBC Europe Ex UK Screened Equity UCITS ETF EUR Dis | 2.52% | 2.65% | 2.73% | 3.93% |
Frequently Asked Questions
HSTE.L and HSXE.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSTE.L is categorized as Technology Equities, while HSXE.L is Europe Equities. HSTE.L tracks MSCI World/Information Tech NR USD, while HSXE.L tracks HSBC Europe Ex UK Screened Equity UCITS ETF EUR Dis.
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