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HSUK.L vs. H50E.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HSUK.L vs. H50E.L

Last updated Jun 5, 2026

HSUK.L (HSBC UK Sustainable Equity UCITS ETF GBP) and H50E.L (HSBC EURO STOXX 50 UCITS ETF) are both Europe Equities funds from HSBC - HSUK.L tracks the FTSE AllSh TR GBP while H50E.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, HSUK.L returned 6.94%/yr vs 11.75%/yr for H50E.L. A 0.73 correlation means they provide meaningful diversification when combined. HSUK.L charges 0.12%/yr vs 0.25%/yr for H50E.L.

Performance

HSUK.L vs. H50E.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC UK Sustainable Equity UCITS ETF GBP (HSUK.L) and HSBC EURO STOXX 50 UCITS ETF (H50E.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

HSUK.L is traded in GBP, while H50E.L is traded in GBp. To make them comparable, the H50E.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, HSUK.L achieves a 0.34% return, which is significantly lower than H50E.L's 6.58% return.

HSUK.L

1D
0.86%
1M
2.53%
YTD
0.34%
6M
1.85%
1Y
11.06%
3Y*
12.03%
5Y*
6.94%
10Y*
—

H50E.L

1D
0.97%
1M
5.00%
YTD
6.58%
6M
7.69%
1Y
18.97%
3Y*
15.76%
5Y*
11.75%
10Y*
11.61%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HSUK.L vs. H50E.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
HSUK.L
HSBC UK Sustainable Equity UCITS ETF GBP		0.34%25.60%10.73%2.55%-6.10%17.82%6.12%
H50E.L
HSBC EURO STOXX 50 UCITS ETF		6.58%28.02%6.20%20.06%-3.33%15.58%7.81%

Correlation

The correlation between HSUK.L and H50E.L is 0.69, 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

0.69

Correlation (3Y)
Calculated over the trailing 3-year period

0.67

Correlation (5Y)
Calculated over the trailing 5-year period

0.72

Correlation (All Time)
Calculated using the full available price history since Oct 12, 2020

0.73

The correlation between HSUK.L and H50E.L has been stable across timeframes, ranging from 0.67 to 0.73 - a consistent structural relationship.

HSUK.L vs. H50E.L - Sectors Allocation Comparison

Sectors
HSUK.L
H50E.L

Financial Services

30.9%
24.8%

Consumer Defensive

17.1%
5.4%

Consumer Cyclical

11.2%
9.7%

Communication Services

11.0%
2.4%

Healthcare

10.4%
5.2%

Industrials

6.6%
21.5%

Basic Materials

5.9%
3.5%

Utilities

3.4%
4.6%

Real Estate

2.5%

-

Technology

1.0%
17.9%

Energy

0.0%
5.0%

Financial Services

HSUK.L
30.9%
H50E.L
24.8%

Consumer Defensive

HSUK.L
17.1%
H50E.L
5.4%

Consumer Cyclical

HSUK.L
11.2%
H50E.L
9.7%

Communication Services

HSUK.L
11.0%
H50E.L
2.4%

Healthcare

HSUK.L
10.4%
H50E.L
5.2%

Industrials

HSUK.L
6.6%
H50E.L
21.5%

Basic Materials

HSUK.L
5.9%
H50E.L
3.5%

Utilities

HSUK.L
3.4%
H50E.L
4.6%

Real Estate

HSUK.L
2.5%
H50E.L

-

Technology

HSUK.L
1.0%
H50E.L
17.9%

Energy

HSUK.L
0.0%
H50E.L
5.0%

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HSBC UK Sustainable Equity UCITS ETF GBP

HSBC EURO STOXX 50 UCITS ETF

Often compared with HSUK.L:
HSUK.L vs. VUKG.LHSUK.L vs. CUKX.LHSUK.L vs. HMUD.LHSUK.L vs. HSTC.LHSUK.L vs. HNSS.LHSUK.L vs. LCPE.LHSUK.L vs. MVED.L
Often compared with H50E.L:
H50E.L vs. HMEU.LH50E.L vs. SPX5.LH50E.L vs. JREE.DEH50E.L vs. EUHD.LH50E.L vs. EUE.LH50E.L vs. SPYH50E.L vs. EQQQ.L

Return for Risk

HSUK.L vs. H50E.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HSUK.L
HSUK.L Risk / Return Rank: 2323
Overall Rank
HSUK.L Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
HSUK.L Sortino Ratio Rank: 2424
Sortino Ratio Rank
HSUK.L Omega Ratio Rank: 2323
Omega Ratio Rank
HSUK.L Calmar Ratio Rank: 2121
Calmar Ratio Rank
HSUK.L Martin Ratio Rank: 2323
Martin Ratio Rank
H50E.L
H50E.L Risk / Return Rank: 3636
Overall Rank
H50E.L Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
H50E.L Sortino Ratio Rank: 3737
Sortino Ratio Rank
H50E.L Omega Ratio Rank: 3636
Omega Ratio Rank
H50E.L Calmar Ratio Rank: 3434
Calmar Ratio Rank
H50E.L Martin Ratio Rank: 3636
Martin Ratio Rank
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.

HSUK.L vs. H50E.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC UK Sustainable Equity UCITS ETF GBP (HSUK.L) and HSBC EURO STOXX 50 UCITS ETF (H50E.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.

HSUK.LH50E.LDifference
Sharpe ratioReturn per unit of total volatility
0.82
1.25

-0.43

Sortino ratioReturn per unit of downside risk
1.24
1.87

-0.63

Omega ratioGain probability vs. loss probability

1.15

1.23

-0.08

Calmar ratioReturn relative to maximum drawdown

0.90

1.64

-0.74

Martin ratioReturn relative to average drawdown

2.87

5.52

-2.65

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HSUK.L vs. H50E.L - Sharpe Ratio Comparison

The current HSUK.L Sharpe Ratio is 0.82, which is lower than the H50E.L Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of HSUK.L and H50E.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

HSUK.LH50E.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.82

1.25

-0.43

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.50

0.68

-0.19

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.65

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.68

0.39

+0.29

Drawdowns

HSUK.L vs. H50E.L - Drawdown Comparison

The maximum HSUK.L drawdown since its inception was -14.87%, smaller than the maximum H50E.L drawdown of -34.68%. Use the drawdown chart below to compare losses from any high point for HSUK.L and H50E.L.

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Drawdown Indicators

HSUK.LH50E.LDifference

Max Drawdown

Largest peak-to-trough decline

-14.87%

-34.68%

+19.81%

Max Drawdown (1Y)

Largest decline over 1 year

-12.24%

-11.49%

-0.75%

Max Drawdown (3Y)

Largest decline over 3 years

-12.24%

-14.20%

+1.96%

Max Drawdown (5Y)

Largest decline over 5 years

-14.87%

-21.72%

+6.85%

Max Drawdown (10Y)

Largest decline over 10 years

—

-31.50%

—

Current Drawdown

Current decline from peak

-5.17%

-0.42%

-4.75%

Average Drawdown

Average peak-to-trough decline

-3.95%

-7.22%

+3.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.84%

3.43%

+0.41%

Volatility

HSUK.L vs. H50E.L - Volatility Comparison

HSBC UK Sustainable Equity UCITS ETF GBP (HSUK.L) has a higher volatility of 5.23% compared to HSBC EURO STOXX 50 UCITS ETF (H50E.L) at 4.79%. This indicates that HSUK.L's price experiences larger fluctuations and is considered to be riskier than H50E.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HSUK.LH50E.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.23%

4.79%

+0.44%

Volatility (6M)

Calculated over the trailing 6-month period

11.34%

12.32%

-0.98%

Volatility (1Y)

Calculated over the trailing 1-year period

13.50%

15.11%

-1.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.01%

17.19%

-3.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.21%

17.99%

-3.78%

HSUK.L vs. H50E.L - Expense Ratio Comparison

HSUK.L has a 0.12% expense ratio, which is lower than H50E.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

HSUK.L vs. H50E.L - Dividend Comparison

HSUK.L has not paid dividends to shareholders, while H50E.L's dividend yield for the trailing twelve months is around 2.45%.

PositionTTM20252024202320222021202020192018201720162015
H50E.L
HSBC EURO STOXX 50 UCITS ETF		2.45%2.46%2.98%2.92%2.77%2.01%2.05%3.04%3.50%2.76%2.79%2.63%
HSUK.L
HSBC UK Sustainable Equity UCITS ETF GBP		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

HSUK.L and H50E.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HSUK.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HSUK.L is cheaper with a 0.12% expense ratio, compared with 0.25% for H50E.L.

HSUK.L tracks FTSE AllSh TR GBP, while H50E.L tracks MSCI EMU NR EUR. Their fees differ too: 0.12% for HSUK.L and 0.25% for H50E.L.

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