LDAX.DE vs. HSBA.L
LDAX.DE (Amundi Dax III UCITS ETF Dist) is Europe Equities fund tracking the DAX®, while HSBA.L (HSBC Holdings plc) is a stock. Over the past 5 years, LDAX.DE returned 9.29%/yr vs 38.48%/yr for HSBA.L. At a 0.43 correlation, their price movements are largely independent.
Performance
LDAX.DE vs. HSBA.L - Performance Comparison
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Different Trading Currencies
LDAX.DE is traded in EUR, while HSBA.L is traded in GBp. To make them comparable, the HSBA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, LDAX.DE achieves a 1.18% return, which is significantly lower than HSBA.L's 34.73% return.
LDAX.DE
- 1D
- 0.00%
- 1M
- -0.09%
- 6M
- -1.89%
- YTD
- 1.18%
- 1Y
- 1.71%
- 3Y*
- 15.01%
- 5Y*
- 9.29%
- 10Y*
- —
HSBA.L
- 1D
- -0.29%
- 1M
- 5.67%
- 6M
- 27.50%
- YTD
- 34.73%
- 1Y
- 70.36%
- 3Y*
- 44.12%
- 5Y*
- 38.48%
- 10Y*
- 17.54%
LDAX.DE vs. HSBA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LDAX.DE Amundi Dax III UCITS ETF Dist | 1.18% | 22.70% | 18.08% | 19.61% | -12.89% | 15.29% | 8.40% |
HSBA.L HSBC Holdings plc | 34.73% | 49.54% | 43.06% | 34.94% | 13.73% | 30.89% | 0.23% |
Correlation
The correlation between LDAX.DE and HSBA.L is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2020 | 0.43 |
The correlation between LDAX.DE and HSBA.L shifts across timeframes, from 0.43 (all time) to 0.55 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LDAX.DE vs. HSBA.L — Risk / Return Rank
LDAX.DE
HSBA.L
LDAX.DE vs. HSBA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Dax III UCITS ETF Dist (LDAX.DE) and HSBC Holdings plc (HSBA.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.
| LDAX.DE | HSBA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.57 | ||
| Sortino ratioReturn per unit of downside risk | -3.04 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.47 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 4.56 | -4.42 |
| Martin ratioReturn relative to average drawdown | 0.44 | 16.76 | -16.32 |
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Drawdowns
LDAX.DE vs. HSBA.L - Drawdown Comparison
The maximum LDAX.DE drawdown since its inception was -26.68%, smaller than the maximum HSBA.L drawdown of -72.43%. Use the drawdown chart below to compare losses from any high point for LDAX.DE and HSBA.L.
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Drawdown Indicators
| LDAX.DE | HSBA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.68% | -72.43% | +45.75% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -15.35% | +2.99% |
Max Drawdown (3Y)Largest decline over 3 years | -15.92% | -24.61% | +8.69% |
Max Drawdown (5Y)Largest decline over 5 years | -26.68% | -24.61% | -2.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.21% | — |
Current DrawdownCurrent decline from peak | -3.53% | -0.29% | -3.24% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -25.43% | +20.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 4.19% | -0.26% |
Volatility
LDAX.DE vs. HSBA.L - Volatility Comparison
The current volatility for Amundi Dax III UCITS ETF Dist (LDAX.DE) is 4.62%, while HSBC Holdings plc (HSBA.L) has a volatility of 5.44%. This indicates that LDAX.DE experiences smaller price fluctuations and is considered to be less risky than HSBA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LDAX.DE | HSBA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 5.44% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 21.99% | -8.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.26% | 26.21% | -9.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 25.35% | -8.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.36% | 25.43% | -8.07% |
Dividends
LDAX.DE vs. HSBA.L - Dividend Comparison
LDAX.DE's dividend yield for the trailing twelve months is around 1.93%, less than HSBA.L's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HSBA.L HSBC Holdings plc | 3.73% | 4.28% | 8.30% | 6.80% | 4.11% | 3.53% | 0.00% | 6.79% | 5.83% | 5.18% |
LDAX.DE Amundi Dax III UCITS ETF Dist | 1.93% | 1.95% | 2.31% | 2.73% | 3.32% | 2.73% | 0.39% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LDAX.DE and HSBA.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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