HSTE.L vs. ^HSI
Compare and contrast key facts about HSBC Hang Seng Tech UCITS ETF (HSTE.L) and Hang Seng Index (^HSI).
HSTE.L is a passively managed fund by HSBC Investment Funds (Luxembourg) S.A. that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Dec 9, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HSTE.L or ^HSI.
Performance
HSTE.L vs. ^HSI - Performance Comparison
Returns By Period
In the year-to-date period, HSTE.L achieves a 15.87% return, which is significantly higher than ^HSI's 14.84% return.
HSTE.L
15.87%
-3.19%
4.00%
10.07%
N/A
N/A
^HSI
14.84%
-5.90%
0.12%
12.16%
-6.45%
-1.79%
Key characteristics
| HSTE.L | ^HSI | |
|---|---|---|
| Sharpe Ratio | 0.22 | 0.44 |
| Sortino Ratio | 0.61 | 0.81 |
| Omega Ratio | 1.07 | 1.10 |
| Calmar Ratio | 0.11 | 0.21 |
| Martin Ratio | 0.55 | 1.23 |
| Ulcer Index | 15.01% | 9.29% |
| Daily Std Dev | 37.29% | 25.59% |
| Max Drawdown | -74.82% | -91.54% |
| Current Drawdown | -60.04% | -40.95% |
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Correlation
The correlation between HSTE.L and ^HSI is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
HSTE.L vs. ^HSI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Hang Seng Tech UCITS ETF (HSTE.L) and Hang Seng Index (^HSI). 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.
Drawdowns
HSTE.L vs. ^HSI - Drawdown Comparison
The maximum HSTE.L drawdown since its inception was -74.82%, smaller than the maximum ^HSI drawdown of -91.54%. Use the drawdown chart below to compare losses from any high point for HSTE.L and ^HSI. For additional features, visit the drawdowns tool.
Volatility
HSTE.L vs. ^HSI - Volatility Comparison
HSBC Hang Seng Tech UCITS ETF (HSTE.L) has a higher volatility of 11.05% compared to Hang Seng Index (^HSI) at 6.28%. This indicates that HSTE.L's price experiences larger fluctuations and is considered to be riskier than ^HSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.