HSTE.L vs. KROP.L
HSTE.L (HSBC Hang Seng Tech UCITS ETF) and KROP.L (Global X AgTech & Food Innovation UCITS ETF USD Acc) are both Technology Equities funds - HSTE.L tracks the MSCI World/Information Tech NR USD while KROP.L tracks the Global X AgTech & Food Innovation UCITS ETF USD Acc. Both are passively managed. Over the past 3 years, HSTE.L returned 5.00%/yr vs -1.04%/yr for KROP.L. At a 0.42 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
HSTE.L vs. KROP.L - 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 KROP.L's 14.16% 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*
- —
KROP.L
- 1D
- 0.00%
- 1M
- 1.11%
- 6M
- 6.61%
- YTD
- 14.16%
- 1Y
- 9.77%
- 3Y*
- -1.04%
- 5Y*
- —
- 10Y*
- —
HSTE.L vs. KROP.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% | -24.78% |
KROP.L Global X AgTech & Food Innovation UCITS ETF USD Acc | 14.16% | 7.62% | -8.33% | -22.51% | -24.21% |
Correlation
The correlation between HSTE.L and KROP.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.42 |
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Return for Risk
HSTE.L vs. KROP.L — Risk / Return Rank
HSTE.L
KROP.L
HSTE.L vs. KROP.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 Global X AgTech & Food Innovation UCITS ETF USD Acc (KROP.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 | KROP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.11 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 0.91 | -1.23 |
| Martin ratioReturn relative to average drawdown | -0.57 | 1.87 | -2.44 |
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Drawdowns
HSTE.L vs. KROP.L - Drawdown Comparison
The maximum HSTE.L drawdown since its inception was -95.65%, which is greater than KROP.L's maximum drawdown of -52.04%. Use the drawdown chart below to compare losses from any high point for HSTE.L and KROP.L.
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Drawdown Indicators
| HSTE.L | KROP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.65% | -52.04% | -43.61% |
Max Drawdown (1Y)Largest decline over 1 year | -35.09% | -10.68% | -24.41% |
Max Drawdown (3Y)Largest decline over 3 years | -35.09% | -27.32% | -7.77% |
Max Drawdown (5Y)Largest decline over 5 years | -63.71% | — | — |
Current DrawdownCurrent decline from peak | -92.33% | -38.04% | -54.29% |
Average DrawdownAverage peak-to-trough decline | -91.81% | -36.93% | -54.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.67% | 5.21% | +14.46% |
Volatility
HSTE.L vs. KROP.L - Volatility Comparison
HSBC Hang Seng Tech UCITS ETF (HSTE.L) has a higher volatility of 8.04% compared to Global X AgTech & Food Innovation UCITS ETF USD Acc (KROP.L) at 4.31%. This indicates that HSTE.L's price experiences larger fluctuations and is considered to be riskier than KROP.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 | KROP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 4.31% | +3.73% |
Volatility (6M)Calculated over the trailing 6-month period | 21.08% | 12.96% | +8.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.05% | 16.56% | +11.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.45% | 21.25% | +18.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.48% | 21.25% | +32.23% |
HSTE.L vs. KROP.L - Expense Ratio Comparison
Both HSTE.L and KROP.L have an expense ratio of 0.50%.
Dividends
HSTE.L vs. KROP.L - Dividend Comparison
Neither HSTE.L nor KROP.L has paid dividends to shareholders.
Frequently Asked Questions
HSTE.L and KROP.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
HSTE.L and KROP.L have the same expense ratio: 0.50% per year.
HSTE.L tracks MSCI World/Information Tech NR USD, while KROP.L tracks Global X AgTech & Food Innovation UCITS ETF USD Acc. They also come from different issuers: HSBC and Global X.
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