HSTE.L vs. XFSN.L
HSTE.L (HSBC Hang Seng Tech UCITS ETF) and XFSN.L (Xtrackers MSCI Fintech Innovation UCITS ETF 1C) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from HSBC and DWS respectively. Both are passively managed. Over the past 3 years, HSTE.L returned 9.68%/yr vs 16.65%/yr for XFSN.L. A 0.61 correlation means they provide meaningful diversification when combined. HSTE.L charges 0.50%/yr vs 0.35%/yr for XFSN.L.
Performance
HSTE.L vs. XFSN.L - Performance Comparison
Loading charts...
Different Trading Currencies
HSTE.L is traded in USD, while XFSN.L is traded in GBP. To make them comparable, the XFSN.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 -10.40% return, which is significantly lower than XFSN.L's -3.14% 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*
- —
XFSN.L
- 1D
- 0.64%
- 1M
- 4.70%
- YTD
- -3.14%
- 6M
- -4.09%
- 1Y
- -2.44%
- 3Y*
- 16.65%
- 5Y*
- —
- 10Y*
- —
HSTE.L vs. XFSN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HSTE.L HSBC Hang Seng Tech UCITS ETF | -10.40% | 24.57% | 19.70% | -8.44% | -9.30% |
XFSN.L Xtrackers MSCI Fintech Innovation UCITS ETF 1C | -3.14% | 10.70% | 32.64% | 27.77% | -6.36% |
Correlation
The correlation between HSTE.L and XFSN.L is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2022 | 0.61 |
The correlation between HSTE.L and XFSN.L has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HSTE.L vs. XFSN.L — Risk / Return Rank
HSTE.L
XFSN.L
HSTE.L vs. XFSN.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 Xtrackers MSCI Fintech Innovation UCITS ETF 1C (XFSN.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.
| HSTE.L | XFSN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.99 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | -0.10 | -0.06 |
| Martin ratioReturn relative to average drawdown | -0.30 | -0.22 | -0.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HSTE.L | XFSN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.18 | -0.15 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.22 | 0.73 | -0.94 |
Drawdowns
HSTE.L vs. XFSN.L - Drawdown Comparison
The maximum HSTE.L drawdown since its inception was -74.82%, which is greater than XFSN.L's maximum drawdown of -24.74%. Use the drawdown chart below to compare losses from any high point for HSTE.L and XFSN.L.
Loading charts...
Drawdown Indicators
| HSTE.L | XFSN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.82% | -24.74% | -50.08% |
Max Drawdown (1Y)Largest decline over 1 year | -30.70% | -24.74% | -5.96% |
Max Drawdown (3Y)Largest decline over 3 years | -34.92% | -24.74% | -10.18% |
Max Drawdown (5Y)Largest decline over 5 years | -67.13% | — | — |
Current DrawdownCurrent decline from peak | -53.93% | -11.37% | -42.56% |
Average DrawdownAverage peak-to-trough decline | -52.77% | -6.01% | -46.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.59% | 11.19% | +5.40% |
Volatility
HSTE.L vs. XFSN.L - Volatility Comparison
HSBC Hang Seng Tech UCITS ETF (HSTE.L) has a higher volatility of 10.94% compared to Xtrackers MSCI Fintech Innovation UCITS ETF 1C (XFSN.L) at 4.32%. This indicates that HSTE.L's price experiences larger fluctuations and is considered to be riskier than XFSN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HSTE.L | XFSN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.94% | 4.32% | +6.62% |
Volatility (6M)Calculated over the trailing 6-month period | 20.11% | 12.43% | +7.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.47% | 16.34% | +11.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.38% | 20.25% | +19.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.03% | 20.25% | +18.78% |
HSTE.L vs. XFSN.L - Expense Ratio Comparison
HSTE.L has a 0.50% expense ratio, which is higher than XFSN.L's 0.35% expense ratio.
Dividends
HSTE.L vs. XFSN.L - Dividend Comparison
Neither HSTE.L nor XFSN.L has paid dividends to shareholders.
Frequently Asked Questions
HSTE.L and XFSN.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XFSN.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XFSN.L is cheaper with a 0.35% expense ratio, compared with 0.50% for HSTE.L.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: HSBC and DWS. Their fees differ too: 0.50% for HSTE.L and 0.35% for XFSN.L.
Find the right allocation for HSTE.L and XFSN.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer