HSTE.L vs. SHLD.L
HSTE.L (HSBC Hang Seng Tech UCITS ETF) and SHLD.L (iShares Digital Security UCITS ETF USD (Dist)) are both Technology Equities funds - HSTE.L tracks the MSCI World/Information Tech NR USD while SHLD.L tracks the STOXX Global Digital Security Open Net Index in USD. Both are passively managed. Over the past 5 years, HSTE.L returned -9.19%/yr vs 9.10%/yr for SHLD.L. At a 0.42 correlation, their price movements are largely independent. HSTE.L charges 0.50%/yr vs 0.40%/yr for SHLD.L.
Performance
HSTE.L vs. SHLD.L - Performance Comparison
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Returns By Period
In the year-to-date period, HSTE.L achieves a -16.67% return, which is significantly lower than SHLD.L's 16.56% return.
HSTE.L
- 1D
- -4.02%
- 1M
- -0.62%
- 6M
- -19.78%
- YTD
- -16.67%
- 1Y
- -15.47%
- 3Y*
- 4.70%
- 5Y*
- -9.19%
- 10Y*
- —
SHLD.L
- 1D
- -0.54%
- 1M
- 3.39%
- 6M
- 16.67%
- YTD
- 16.56%
- 1Y
- 21.82%
- 3Y*
- 19.12%
- 5Y*
- 9.10%
- 10Y*
- —
HSTE.L vs. SHLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HSTE.L HSBC Hang Seng Tech UCITS ETF | -16.67% | 24.64% | 19.65% | -8.46% | -27.99% | -32.88% | -86.54% |
SHLD.L iShares Digital Security UCITS ETF USD (Dist) | 16.56% | 11.51% | 16.55% | 33.91% | -29.11% | 16.50% | 6.13% |
Correlation
The correlation between HSTE.L and SHLD.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2020 | 0.42 |
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Return for Risk
HSTE.L vs. SHLD.L — Risk / Return Rank
HSTE.L
SHLD.L
HSTE.L vs. SHLD.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 iShares Digital Security UCITS ETF USD (Dist) (SHLD.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 | SHLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.18 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 1.91 | -2.34 |
| Martin ratioReturn relative to average drawdown | -0.78 | 4.12 | -4.90 |
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Drawdowns
HSTE.L vs. SHLD.L - Drawdown Comparison
The maximum HSTE.L drawdown since its inception was -95.65%, which is greater than SHLD.L's maximum drawdown of -36.07%. Use the drawdown chart below to compare losses from any high point for HSTE.L and SHLD.L.
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Drawdown Indicators
| HSTE.L | SHLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.65% | -36.07% | -59.58% |
Max Drawdown (1Y)Largest decline over 1 year | -35.09% | -11.40% | -23.69% |
Max Drawdown (3Y)Largest decline over 3 years | -35.09% | -22.72% | -12.37% |
Max Drawdown (5Y)Largest decline over 5 years | -63.46% | -36.07% | -27.39% |
Current DrawdownCurrent decline from peak | -92.60% | -5.36% | -87.24% |
Average DrawdownAverage peak-to-trough decline | -91.81% | -9.27% | -82.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.84% | 5.28% | +14.56% |
Volatility
HSTE.L vs. SHLD.L - Volatility Comparison
HSBC Hang Seng Tech UCITS ETF (HSTE.L) has a higher volatility of 8.97% compared to iShares Digital Security UCITS ETF USD (Dist) (SHLD.L) at 6.81%. This indicates that HSTE.L's price experiences larger fluctuations and is considered to be riskier than SHLD.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 | SHLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.97% | 6.81% | +2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 21.34% | 18.09% | +3.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.23% | 21.64% | +6.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.47% | 21.39% | +18.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.47% | 21.22% | +32.25% |
HSTE.L vs. SHLD.L - Expense Ratio Comparison
HSTE.L has a 0.50% expense ratio, which is higher than SHLD.L's 0.40% expense ratio.
Dividends
HSTE.L vs. SHLD.L - Dividend Comparison
HSTE.L has not paid dividends to shareholders, while SHLD.L's dividend yield for the trailing twelve months is around 0.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HSTE.L HSBC Hang Seng Tech UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHLD.L iShares Digital Security UCITS ETF USD (Dist) | 0.35% | 0.39% | 0.48% | 0.43% | 0.63% | 0.66% | 0.84% | 1.00% |
Frequently Asked Questions
HSTE.L and SHLD.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SHLD.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SHLD.L is cheaper with a 0.40% expense ratio, compared with 0.50% for HSTE.L.
HSTE.L tracks MSCI World/Information Tech NR USD, while SHLD.L tracks STOXX Global Digital Security Open Net Index in USD. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.50% for HSTE.L and 0.40% for SHLD.L.
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