HUKX.L vs. ^STOXX
HUKX.L (HSBC FTSE 100 UCITS ETF GBP) is Europe Equities fund tracking the FTSE AllSh TR GBP, while ^STOXX (STOXX Europe 600 Index) is an index. Over the past 10 years, HUKX.L returned 9.82%/yr vs 7.94%/yr for ^STOXX. Their correlation of 0.84 suggests significant overlap in exposure.
Performance
HUKX.L vs. ^STOXX - Performance Comparison
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Different Trading Currencies
HUKX.L is traded in GBp, while ^STOXX is traded in EUR. To make them comparable, the ^STOXX values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, HUKX.L achieves a 6.75% return, which is significantly higher than ^STOXX's 5.67% return. Over the past 10 years, HUKX.L has outperformed ^STOXX with an annualized return of 9.82%, while ^STOXX has yielded a comparatively lower 7.94% annualized return.
HUKX.L
- 1D
- 1.47%
- 1M
- 0.89%
- YTD
- 6.75%
- 6M
- 9.96%
- 1Y
- 21.59%
- 3Y*
- 15.17%
- 5Y*
- 11.88%
- 10Y*
- 9.82%
^STOXX
- 1D
- 1.86%
- 1M
- 3.17%
- YTD
- 5.67%
- 6M
- 7.62%
- 1Y
- 17.81%
- 3Y*
- 11.28%
- 5Y*
- 6.84%
- 10Y*
- 7.94%
HUKX.L vs. ^STOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HUKX.L HSBC FTSE 100 UCITS ETF GBP | 6.75% | 26.20% | 9.58% | 7.36% | 5.07% | 17.54% | -11.64% | 17.42% | -8.67% | 12.39% |
^STOXX STOXX Europe 600 Index | 5.67% | 23.53% | 0.80% | 10.49% | -8.30% | 13.49% | 1.60% | 17.34% | -12.39% | 12.28% |
Correlation
The correlation between HUKX.L and ^STOXX is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2009 | 0.84 |
The correlation between HUKX.L and ^STOXX has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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Return for Risk
HUKX.L vs. ^STOXX — Risk / Return Rank
HUKX.L
^STOXX
HUKX.L vs. ^STOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC FTSE 100 UCITS ETF GBP (HUKX.L) and STOXX Europe 600 Index (^STOXX). 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.
| HUKX.L | ^STOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.26 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 1.62 | +0.76 |
| Martin ratioReturn relative to average drawdown | 7.97 | 5.47 | +2.50 |
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Drawdowns
HUKX.L vs. ^STOXX - Drawdown Comparison
The maximum HUKX.L drawdown since its inception was -34.22%, smaller than the maximum ^STOXX drawdown of -47.50%. Use the drawdown chart below to compare losses from any high point for HUKX.L and ^STOXX.
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Drawdown Indicators
| HUKX.L | ^STOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.22% | -47.50% | +13.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -10.52% | +1.74% |
Max Drawdown (3Y)Largest decline over 3 years | -12.95% | -14.04% | +1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -12.95% | -19.20% | +6.25% |
Max Drawdown (10Y)Largest decline over 10 years | -34.22% | -28.53% | -5.69% |
Current DrawdownCurrent decline from peak | -2.93% | -1.65% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -9.41% | +5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 3.11% | -0.48% |
Volatility
HUKX.L vs. ^STOXX - Volatility Comparison
HSBC FTSE 100 UCITS ETF GBP (HUKX.L) has a higher volatility of 3.60% compared to STOXX Europe 600 Index (^STOXX) at 3.06%. This indicates that HUKX.L's price experiences larger fluctuations and is considered to be riskier than ^STOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HUKX.L | ^STOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 3.06% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 9.63% | 10.20% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.01% | 12.07% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.67% | 14.09% | -1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.95% | 15.11% | -0.16% |
Frequently Asked Questions
HUKX.L and ^STOXX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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