HSXE.L vs. HNSS.L
HSXE.L (HSBC Europe Ex UK Screened Equity UCITS ETF EUR Dis) and HNSS.L (HSBC Nasdaq Global Semiconductor UCITS ETF) are both exchange-traded funds - HSXE.L is a Europe Equities fund tracking the HSBC Europe Ex UK Screened Equity UCITS ETF EUR Dis, while HNSS.L is a Semiconductors fund tracking the Nasdaq Global Semiconductor Index. Both are passively managed. Over the past 3 years, HSXE.L returned 16.10%/yr vs 55.41%/yr for HNSS.L. At a 0.48 correlation, their price movements are largely independent.
Performance
HSXE.L vs. HNSS.L - Performance Comparison
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Returns By Period
In the year-to-date period, HSXE.L achieves a 13.08% return, which is significantly lower than HNSS.L's 87.75% return.
HSXE.L
- 1D
- -0.35%
- 1M
- -1.94%
- 6M
- 10.19%
- YTD
- 13.08%
- 1Y
- 24.00%
- 3Y*
- 16.10%
- 5Y*
- —
- 10Y*
- —
HNSS.L
- 1D
- 0.00%
- 1M
- -6.74%
- 6M
- 71.51%
- YTD
- 87.75%
- 1Y
- 145.96%
- 3Y*
- 55.41%
- 5Y*
- —
- 10Y*
- —
HSXE.L vs. HNSS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HSXE.L HSBC Europe Ex UK Screened Equity UCITS ETF EUR Dis | 13.08% | 24.17% | 3.60% | 18.35% | -15.14% |
HNSS.L HSBC Nasdaq Global Semiconductor UCITS ETF | 87.75% | 45.50% | 19.96% | 32.89% | -18.85% |
Correlation
The correlation between HSXE.L and HNSS.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2022 | 0.48 |
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Return for Risk
HSXE.L vs. HNSS.L — Risk / Return Rank
HSXE.L
HNSS.L
HSXE.L vs. HNSS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Europe Ex UK Screened Equity UCITS ETF EUR Dis (HSXE.L) and HSBC Nasdaq Global Semiconductor UCITS ETF (HNSS.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.
| HSXE.L | HNSS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.51 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 4.91 | -2.61 |
| Martin ratioReturn relative to average drawdown | 8.41 | 12.35 | -3.94 |
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Drawdowns
HSXE.L vs. HNSS.L - Drawdown Comparison
The maximum HSXE.L drawdown since its inception was -25.98%, smaller than the maximum HNSS.L drawdown of -41.32%. Use the drawdown chart below to compare losses from any high point for HSXE.L and HNSS.L.
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Drawdown Indicators
| HSXE.L | HNSS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.98% | -41.32% | +15.34% |
Max Drawdown (1Y)Largest decline over 1 year | -10.50% | -29.74% | +19.24% |
Max Drawdown (3Y)Largest decline over 3 years | -11.48% | -36.83% | +25.35% |
Current DrawdownCurrent decline from peak | -3.27% | -13.33% | +10.06% |
Average DrawdownAverage peak-to-trough decline | -6.19% | -16.28% | +10.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 11.81% | -8.93% |
Volatility
HSXE.L vs. HNSS.L - Volatility Comparison
The current volatility for HSBC Europe Ex UK Screened Equity UCITS ETF EUR Dis (HSXE.L) is 3.88%, while HSBC Nasdaq Global Semiconductor UCITS ETF (HNSS.L) has a volatility of 18.23%. This indicates that HSXE.L experiences smaller price fluctuations and is considered to be less risky than HNSS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSXE.L | HNSS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 18.23% | -14.35% |
Volatility (6M)Calculated over the trailing 6-month period | 11.64% | 31.47% | -19.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.61% | 56.95% | -43.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.15% | 38.94% | -19.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.15% | 38.94% | -19.79% |
Dividends
HSXE.L vs. HNSS.L - Dividend Comparison
HSXE.L's dividend yield for the trailing twelve months is around 2.52%, while HNSS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HNSS.L HSBC Nasdaq Global Semiconductor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
HSXE.L HSBC Europe Ex UK Screened Equity UCITS ETF EUR Dis | 2.52% | 2.65% | 2.73% | 3.93% |
Frequently Asked Questions
HSXE.L and HNSS.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSXE.L is categorized as Europe Equities, while HNSS.L is Semiconductors. HSXE.L tracks HSBC Europe Ex UK Screened Equity UCITS ETF EUR Dis, while HNSS.L tracks Nasdaq Global Semiconductor Index.
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