IUIT.L vs. HNSS.L
IUIT.L (iShares S&P 500 Information Technology Sector UCITS ETF) and HNSS.L (HSBC Nasdaq Global Semiconductor UCITS ETF) are both exchange-traded funds - IUIT.L is a Technology Equities fund tracking the S&P 500 Capped 35/20 Information Technology Index, while HNSS.L is a Semiconductors fund tracking the Nasdaq Global Semiconductor Index. Both are passively managed. Over the past 3 years, IUIT.L returned 34.42%/yr vs 62.55%/yr for HNSS.L. Their correlation of 0.85 suggests significant overlap in exposure. IUIT.L charges 0.15%/yr vs 0.35%/yr for HNSS.L.
Performance
IUIT.L vs. HNSS.L - Performance Comparison
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Different Trading Currencies
IUIT.L is traded in USD, while HNSS.L is traded in GBP. To make them comparable, the HNSS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IUIT.L achieves a 23.04% return, which is significantly lower than HNSS.L's 91.30% return.
IUIT.L
- 1D
- -2.11%
- 1M
- 13.14%
- YTD
- 23.04%
- 6M
- 22.75%
- 1Y
- 51.87%
- 3Y*
- 34.42%
- 5Y*
- 24.18%
- 10Y*
- 26.33%
HNSS.L
- 1D
- -2.62%
- 1M
- 20.84%
- YTD
- 91.30%
- 6M
- 94.68%
- 1Y
- 191.36%
- 3Y*
- 62.55%
- 5Y*
- —
- 10Y*
- —
IUIT.L vs. HNSS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IUIT.L iShares S&P 500 Information Technology Sector UCITS ETF | 23.04% | 22.93% | 38.51% | 59.45% | -20.40% |
HNSS.L HSBC Nasdaq Global Semiconductor UCITS ETF | 91.30% | 56.48% | 17.97% | 69.39% | -27.37% |
Correlation
The correlation between IUIT.L and HNSS.L is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.85 |
The correlation between IUIT.L and HNSS.L has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.
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Return for Risk
IUIT.L vs. HNSS.L — Risk / Return Rank
IUIT.L
HNSS.L
IUIT.L vs. HNSS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.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.
| IUIT.L | HNSS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.22 | ||
| Sortino ratioReturn per unit of downside risk | -2.46 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.74 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 12.24 | -9.21 |
| Martin ratioReturn relative to average drawdown | 8.99 | 45.22 | -36.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IUIT.L | HNSS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.55 | 5.77 | -3.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.20 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 1.26 | -0.10 |
Drawdowns
IUIT.L vs. HNSS.L - Drawdown Comparison
The maximum IUIT.L drawdown since its inception was -33.46%, smaller than the maximum HNSS.L drawdown of -41.16%. Use the drawdown chart below to compare losses from any high point for IUIT.L and HNSS.L.
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Drawdown Indicators
| IUIT.L | HNSS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.46% | -41.16% | +7.70% |
Max Drawdown (1Y)Largest decline over 1 year | -17.03% | -15.53% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -26.40% | -37.48% | +11.08% |
Max Drawdown (5Y)Largest decline over 5 years | -33.46% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.46% | — | — |
Current DrawdownCurrent decline from peak | -3.14% | -2.62% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -6.02% | -11.69% | +5.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.76% | 4.21% | +1.55% |
Volatility
IUIT.L vs. HNSS.L - Volatility Comparison
The current volatility for iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L) is 7.49%, while HSBC Nasdaq Global Semiconductor UCITS ETF (HNSS.L) has a volatility of 13.92%. This indicates that IUIT.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
| IUIT.L | HNSS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.49% | 13.92% | -6.43% |
Volatility (6M)Calculated over the trailing 6-month period | 15.53% | 25.91% | -10.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.28% | 32.97% | -12.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.61% | 31.99% | -8.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.47% | 31.99% | -9.52% |
IUIT.L vs. HNSS.L - Expense Ratio Comparison
IUIT.L has a 0.15% expense ratio, which is lower than HNSS.L's 0.35% expense ratio.
Dividends
IUIT.L vs. HNSS.L - Dividend Comparison
Neither IUIT.L nor HNSS.L has paid dividends to shareholders.
Frequently Asked Questions
IUIT.L and HNSS.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUIT.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUIT.L is cheaper with a 0.15% expense ratio, compared with 0.35% for HNSS.L.
IUIT.L is categorized as Technology Equities, while HNSS.L is Semiconductors. IUIT.L tracks S&P 500 Capped 35/20 Information Technology Index, while HNSS.L tracks Nasdaq Global Semiconductor Index. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.15% for IUIT.L and 0.35% for HNSS.L.
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