HSTE.L vs. ^NDX
Compare and contrast key facts about HSBC Hang Seng Tech UCITS ETF (HSTE.L) and NASDAQ 100 (^NDX).
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 ^NDX.
Performance
HSTE.L vs. ^NDX - Performance Comparison
Returns By Period
In the year-to-date period, HSTE.L achieves a 16.66% return, which is significantly lower than ^NDX's 22.07% return.
HSTE.L
16.66%
-4.47%
6.88%
8.94%
N/A
N/A
^NDX
22.07%
1.06%
9.99%
29.68%
19.98%
17.11%
Key characteristics
| HSTE.L | ^NDX | |
|---|---|---|
| Sharpe Ratio | 0.15 | 1.69 |
| Sortino Ratio | 0.51 | 2.27 |
| Omega Ratio | 1.06 | 1.30 |
| Calmar Ratio | 0.08 | 2.19 |
| Martin Ratio | 0.39 | 7.89 |
| Ulcer Index | 14.56% | 3.77% |
| Daily Std Dev | 36.79% | 17.66% |
| Max Drawdown | -74.82% | -82.90% |
| Current Drawdown | -59.77% | -2.74% |
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Correlation
The correlation between HSTE.L and ^NDX is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
HSTE.L vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Hang Seng Tech UCITS ETF (HSTE.L) and NASDAQ 100 (^NDX). 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. ^NDX - Drawdown Comparison
The maximum HSTE.L drawdown since its inception was -74.82%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for HSTE.L and ^NDX. For additional features, visit the drawdowns tool.
Volatility
HSTE.L vs. ^NDX - Volatility Comparison
HSBC Hang Seng Tech UCITS ETF (HSTE.L) has a higher volatility of 11.09% compared to NASDAQ 100 (^NDX) at 5.63%. This indicates that HSTE.L's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.