HSTE.L vs. SOL-USD

Last updated Jun 14, 2026

HSTE.L (HSBC Hang Seng Tech UCITS ETF) is Technology Equities fund tracking the MSCI World/Information Tech NR USD, while SOL-USD (Solana) is a cryptocurrency. Over the past 5 years, HSTE.L returned -9.96%/yr vs 12.17%/yr for SOL-USD. At a 0.12 correlation, their price movements are largely independent.

Performance

HSTE.L vs. SOL-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HSBC Hang Seng Tech UCITS ETF (HSTE.L) and Solana (SOL-USD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HSTE.L achieves a -15.63% return, which is significantly higher than SOL-USD's -44.76% return.

HSTE.L

• 1D: 1.56%
• 1M: -7.38%
• YTD: -15.63%
• 6M: -15.96%
• 1Y: -10.18%
• 3Y*: 5.51%
• 5Y*: -9.96%
• 10Y*: —

SOL-USD

• 1D: 0.85%
• 1M: -25.39%
• YTD: -44.76%
• 6M: -48.38%
• 1Y: -53.76%
• 3Y*: 68.07%
• 5Y*: 12.17%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HSTE.L vs. SOL-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
HSTE.L HSBC Hang Seng Tech UCITS ETF	-15.63%	24.64%	19.65%	-8.46%	-27.99%	-32.88%	-86.54%
SOL-USD Solana	-44.76%	-34.09%	85.68%	919.96%	-94.13%	11,143.63%	-9.27%

Correlation

The correlation between HSTE.L and SOL-USD is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (All Time) Calculated using the full available price history since Dec 9, 2020	0.12

Return for Risk

HSTE.L vs. SOL-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HSTE.L

HSTE.L Risk / Return Rank: 6
HSTE.L Sharpe Ratio Rank: 6
HSTE.L Sortino Ratio Rank: 6
HSTE.L Omega Ratio Rank: 6
HSTE.L Calmar Ratio Rank: 6
HSTE.L Martin Ratio Rank: 6

SOL-USD

SOL-USD Risk / Return Rank: 51
SOL-USD Sharpe Ratio Rank: 44
SOL-USD Sortino Ratio Rank: 51
SOL-USD Omega Ratio Rank: 52
SOL-USD Calmar Ratio Rank: 60
SOL-USD Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HSTE.L vs. SOL-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC Hang Seng Tech UCITS ETF (HSTE.L) and Solana (SOL-USD). 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	SOL-USD	Difference
Sharpe ratio: Return per unit of total volatility	-0.44	-0.74	+0.30
Sortino ratio: Return per unit of downside risk	-0.47	-0.98	+0.51
Omega ratio: Gain probability vs. loss probability	0.95	0.91	+0.04
Calmar ratio: Return relative to maximum drawdown	-0.39	-0.72	+0.32
Martin ratio: Return relative to average drawdown	-0.71	-1.16	+0.45

HSTE.L vs. SOL-USD - Sharpe Ratio Comparison

The current HSTE.L Sharpe Ratio is -0.44, which is higher than the SOL-USD Sharpe Ratio of -0.74. The chart below compares the historical Sharpe Ratios of HSTE.L and SOL-USD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HSTE.L vs. SOL-USD - Drawdown Comparison

The maximum HSTE.L drawdown since its inception was -95.65%, roughly equal to the maximum SOL-USD drawdown of -96.27%. Use the drawdown chart below to compare losses from any high point for HSTE.L and SOL-USD.

Drawdown Indicators

	HSTE.L	SOL-USD	Difference
Max Drawdown Largest peak-to-trough decline	-95.65%	-96.27%	+0.62%
Max Drawdown (1Y) Largest decline over 1 year	-31.01%	-74.89%	+43.88%
Max Drawdown (3Y) Largest decline over 3 years	-34.96%	-76.28%	+41.32%
Max Drawdown (5Y) Largest decline over 5 years	-67.13%	-96.27%	+29.14%
Current Drawdown Current decline from peak	-92.51%	-73.76%	-18.75%
Average Drawdown Average peak-to-trough decline	-91.79%	-51.42%	-40.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.20%	53.06%	-35.86%

Volatility

HSTE.L vs. SOL-USD - Volatility Comparison

The current volatility for HSBC Hang Seng Tech UCITS ETF (HSTE.L) is 9.98%, while Solana (SOL-USD) has a volatility of 17.62%. This indicates that HSTE.L experiences smaller price fluctuations and is considered to be less risky than SOL-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HSTE.L	SOL-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.98%	17.62%	-7.64%
Volatility (6M) Calculated over the trailing 6-month period	20.46%	46.90%	-26.44%
Volatility (1Y) Calculated over the trailing 1-year period	27.54%	60.08%	-32.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.39%	82.35%	-42.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.79%	99.82%	-46.03%

Frequently Asked Questions

Can I hold both HSTE.L and SOL-USD in my portfolio?

HSTE.L and SOL-USD have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.