SHLD.L vs. HNSS.L
SHLD.L (iShares Digital Security UCITS ETF USD Dist) and HNSS.L (HSBC Nasdaq Global Semiconductor UCITS ETF) are both exchange-traded funds - SHLD.L is a Technology Equities fund tracking the iShares Digital Security UCITS ETF USD Dist, while HNSS.L is a Semiconductors fund tracking the Nasdaq Global Semiconductor Index. Both are passively managed. Over the past 3 years, SHLD.L returned 19.63%/yr vs 56.55%/yr for HNSS.L. A 0.62 correlation means they provide meaningful diversification when combined. SHLD.L charges 0.40%/yr vs 0.35%/yr for HNSS.L.
Performance
SHLD.L vs. HNSS.L - Performance Comparison
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Different Trading Currencies
SHLD.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, SHLD.L achieves a 17.77% return, which is significantly lower than HNSS.L's 86.71% return.
SHLD.L
- 1D
- 0.11%
- 1M
- 3.71%
- 6M
- 17.56%
- YTD
- 17.77%
- 1Y
- 25.07%
- 3Y*
- 19.63%
- 5Y*
- 9.32%
- 10Y*
- —
HNSS.L
- 1D
- 0.00%
- 1M
- -6.96%
- 6M
- 70.76%
- YTD
- 86.71%
- 1Y
- 145.99%
- 3Y*
- 56.55%
- 5Y*
- —
- 10Y*
- —
SHLD.L vs. HNSS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SHLD.L iShares Digital Security UCITS ETF USD Dist | 17.77% | 11.51% | 16.55% | 33.91% | -16.72% |
HNSS.L HSBC Nasdaq Global Semiconductor UCITS ETF | 86.71% | 56.48% | 17.97% | 39.90% | -33.45% |
Correlation
The correlation between SHLD.L and HNSS.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2022 | 0.62 |
The correlation between SHLD.L and HNSS.L shifts across timeframes, from 0.47 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SHLD.L vs. HNSS.L — Risk / Return Rank
SHLD.L
HNSS.L
SHLD.L vs. HNSS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Digital Security UCITS ETF USD Dist (SHLD.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.
| SHLD.L | HNSS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.50 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 4.73 | -2.50 |
| Martin ratioReturn relative to average drawdown | 4.84 | 12.45 | -7.61 |
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Drawdowns
SHLD.L vs. HNSS.L - Drawdown Comparison
The maximum SHLD.L drawdown since its inception was -36.07%, smaller than the maximum HNSS.L drawdown of -51.82%. Use the drawdown chart below to compare losses from any high point for SHLD.L and HNSS.L.
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Drawdown Indicators
| SHLD.L | HNSS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.07% | -51.82% | +15.75% |
Max Drawdown (1Y)Largest decline over 1 year | -11.40% | -30.87% | +19.47% |
Max Drawdown (3Y)Largest decline over 3 years | -22.72% | -37.48% | +14.76% |
Max Drawdown (5Y)Largest decline over 5 years | -36.07% | — | — |
Current DrawdownCurrent decline from peak | -4.38% | -12.47% | +8.09% |
Average DrawdownAverage peak-to-trough decline | -9.27% | -18.91% | +9.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.27% | 11.73% | -6.46% |
Volatility
SHLD.L vs. HNSS.L - Volatility Comparison
The current volatility for iShares Digital Security UCITS ETF USD Dist (SHLD.L) is 7.42%, while HSBC Nasdaq Global Semiconductor UCITS ETF (HNSS.L) has a volatility of 18.25%. This indicates that SHLD.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
| SHLD.L | HNSS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.42% | 18.25% | -10.83% |
Volatility (6M)Calculated over the trailing 6-month period | 18.10% | 32.57% | -14.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.64% | 57.52% | -35.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.39% | 41.06% | -19.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.23% | 41.06% | -19.83% |
SHLD.L vs. HNSS.L - Expense Ratio Comparison
SHLD.L has a 0.40% expense ratio, which is higher than HNSS.L's 0.35% expense ratio.
Dividends
SHLD.L vs. HNSS.L - Dividend Comparison
SHLD.L's dividend yield for the trailing twelve months is around 0.35%, while HNSS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HNSS.L HSBC Nasdaq Global Semiconductor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHLD.L iShares Digital Security UCITS ETF USD Dist | 0.35% | 0.39% | 0.48% | 0.43% | 0.63% | 0.66% | 0.84% | 1.00% |
Frequently Asked Questions
SHLD.L and HNSS.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HNSS.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HNSS.L is cheaper with a 0.35% expense ratio, compared with 0.40% for SHLD.L.
SHLD.L is categorized as Technology Equities, while HNSS.L is Semiconductors. SHLD.L tracks iShares Digital Security UCITS ETF USD Dist, while HNSS.L tracks Nasdaq Global Semiconductor Index. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.40% for SHLD.L and 0.35% for HNSS.L.
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