HSWD.L vs. HSTE.L
HSWD.L (HSBC Developed World Screened Equity UCITS ETF) and HSTE.L (HSBC Hang Seng Tech UCITS ETF) are both exchange-traded funds - HSWD.L is a Global Equities fund tracking the HSBC Developed World Screened Equity UCITS ETF, while HSTE.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, HSWD.L returned 11.43%/yr vs -8.55%/yr for HSTE.L. At a 0.42 correlation, their price movements are largely independent. HSWD.L charges 0.18%/yr vs 0.50%/yr for HSTE.L.
Performance
HSWD.L vs. HSTE.L - Performance Comparison
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Returns By Period
In the year-to-date period, HSWD.L achieves a 12.86% return, which is significantly higher than HSTE.L's -13.70% return.
HSWD.L
- 1D
- -0.07%
- 1M
- -0.43%
- 6M
- 12.22%
- YTD
- 12.86%
- 1Y
- 26.96%
- 3Y*
- 19.12%
- 5Y*
- 11.43%
- 10Y*
- —
HSTE.L
- 1D
- 2.14%
- 1M
- 0.30%
- 6M
- -18.64%
- YTD
- -13.70%
- 1Y
- -11.29%
- 3Y*
- 5.00%
- 5Y*
- -8.55%
- 10Y*
- —
HSWD.L vs. HSTE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HSWD.L HSBC Developed World Screened Equity UCITS ETF | 12.86% | 23.75% | 14.96% | 20.26% | -16.99% | 22.28% | 2.05% |
HSTE.L HSBC Hang Seng Tech UCITS ETF | -13.70% | 24.64% | 19.65% | -8.46% | -27.99% | -32.88% | -86.54% |
Correlation
The correlation between HSWD.L and HSTE.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2020 | 0.42 |
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Return for Risk
HSWD.L vs. HSTE.L — Risk / Return Rank
HSWD.L
HSTE.L
HSWD.L vs. HSTE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Developed World Screened Equity UCITS ETF (HSWD.L) and HSBC Hang Seng Tech UCITS ETF (HSTE.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.
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.
| HSWD.L | HSTE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.64 | ||
| Sortino ratioReturn per unit of downside risk | +3.74 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.95 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | -0.32 | +3.48 |
| Martin ratioReturn relative to average drawdown | 12.64 | -0.57 | +13.21 |
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Drawdowns
HSWD.L vs. HSTE.L - Drawdown Comparison
The maximum HSWD.L drawdown since its inception was -26.20%, smaller than the maximum HSTE.L drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for HSWD.L and HSTE.L.
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Drawdown Indicators
| HSWD.L | HSTE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.20% | -95.65% | +69.45% |
Max Drawdown (1Y)Largest decline over 1 year | -8.52% | -35.09% | +26.57% |
Max Drawdown (3Y)Largest decline over 3 years | -16.28% | -35.09% | +18.81% |
Max Drawdown (5Y)Largest decline over 5 years | -26.20% | -63.71% | +37.51% |
Current DrawdownCurrent decline from peak | -0.60% | -92.33% | +91.73% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -91.81% | +86.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 19.67% | -17.53% |
Volatility
HSWD.L vs. HSTE.L - Volatility Comparison
The current volatility for HSBC Developed World Screened Equity UCITS ETF (HSWD.L) is 2.93%, while HSBC Hang Seng Tech UCITS ETF (HSTE.L) has a volatility of 8.04%. This indicates that HSWD.L experiences smaller price fluctuations and is considered to be less risky than HSTE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSWD.L | HSTE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 8.04% | -5.11% |
Volatility (6M)Calculated over the trailing 6-month period | 10.08% | 21.08% | -11.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.05% | 28.05% | -16.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.96% | 39.45% | -24.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.86% | 53.48% | -38.62% |
HSWD.L vs. HSTE.L - Expense Ratio Comparison
HSWD.L has a 0.18% expense ratio, which is lower than HSTE.L's 0.50% expense ratio.
Dividends
HSWD.L vs. HSTE.L - Dividend Comparison
Neither HSWD.L nor HSTE.L has paid dividends to shareholders.
Frequently Asked Questions
HSWD.L and HSTE.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HSWD.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HSWD.L is cheaper with a 0.18% expense ratio, compared with 0.50% for HSTE.L.
HSWD.L is categorized as Global Equities, while HSTE.L is Technology Equities. HSWD.L tracks HSBC Developed World Screened Equity UCITS ETF, while HSTE.L tracks MSCI World/Information Tech NR USD. Their fees differ too: 0.18% for HSWD.L and 0.50% for HSTE.L.
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