SOL-USD vs. HSTE.L

Last updated Jun 14, 2026

SOL-USD (Solana) is a cryptocurrency, while HSTE.L (HSBC Hang Seng Tech UCITS ETF) is Technology Equities fund tracking the MSCI World/Information Tech NR USD. Over the past 5 years, SOL-USD returned 12.17%/yr vs -9.96%/yr for HSTE.L. At a 0.12 correlation, their price movements are largely independent.

Performance

SOL-USD vs. HSTE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Solana (SOL-USD) and HSBC Hang Seng Tech UCITS ETF (HSTE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOL-USD achieves a -44.76% return, which is significantly lower than HSTE.L's -15.63% return.

SOL-USD

• 1D: 0.85%
• 1M: -25.39%
• YTD: -44.76%
• 6M: -48.38%
• 1Y: -53.76%
• 3Y*: 68.07%
• 5Y*: 12.17%
• 10Y*: —

HSTE.L

• 1D: 1.56%
• 1M: -7.38%
• YTD: -15.63%
• 6M: -15.96%
• 1Y: -10.18%
• 3Y*: 5.51%
• 5Y*: -9.96%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SOL-USD vs. HSTE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SOL-USD Solana	-44.76%	-34.09%	85.68%	919.96%	-94.13%	11,143.63%	-9.27%
HSTE.L HSBC Hang Seng Tech UCITS ETF	-15.63%	24.64%	19.65%	-8.46%	-27.99%	-32.88%	-86.54%

Correlation

The correlation between SOL-USD and HSTE.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (All Time) Calculated using the full available price history since Dec 9, 2020	0.12

Return for Risk

SOL-USD vs. HSTE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SOL-USD

SOL-USD Risk / Return Rank: 51
SOL-USD Sharpe Ratio Rank: 44
SOL-USD Sortino Ratio Rank: 51
SOL-USD Omega Ratio Rank: 52
SOL-USD Calmar Ratio Rank: 60
SOL-USD Martin Ratio Rank: 51

HSTE.L

HSTE.L Risk / Return Rank: 6
HSTE.L Sharpe Ratio Rank: 6
HSTE.L Sortino Ratio Rank: 6
HSTE.L Omega Ratio Rank: 6
HSTE.L Calmar Ratio Rank: 6
HSTE.L Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SOL-USD vs. HSTE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Solana (SOL-USD) and HSBC Hang Seng Tech UCITS ETF (HSTE.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.

	SOL-USD	HSTE.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.74	-0.44	-0.30
Sortino ratio: Return per unit of downside risk	-0.98	-0.47	-0.51
Omega ratio: Gain probability vs. loss probability	0.91	0.95	-0.04
Calmar ratio: Return relative to maximum drawdown	-0.72	-0.39	-0.32
Martin ratio: Return relative to average drawdown	-1.16	-0.71	-0.45

SOL-USD vs. HSTE.L - Sharpe Ratio Comparison

The current SOL-USD Sharpe Ratio is -0.74, which is lower than the HSTE.L Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of SOL-USD and HSTE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SOL-USD vs. HSTE.L - Drawdown Comparison

The maximum SOL-USD drawdown since its inception was -96.27%, roughly equal to the maximum HSTE.L drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for SOL-USD and HSTE.L.

Drawdown Indicators

	SOL-USD	HSTE.L	Difference
Max Drawdown Largest peak-to-trough decline	-96.27%	-95.65%	-0.62%
Max Drawdown (1Y) Largest decline over 1 year	-74.89%	-31.01%	-43.88%
Max Drawdown (3Y) Largest decline over 3 years	-76.28%	-34.96%	-41.32%
Max Drawdown (5Y) Largest decline over 5 years	-96.27%	-67.13%	-29.14%
Current Drawdown Current decline from peak	-73.76%	-92.51%	+18.75%
Average Drawdown Average peak-to-trough decline	-51.42%	-91.79%	+40.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	53.06%	17.20%	+35.86%

Volatility

SOL-USD vs. HSTE.L - Volatility Comparison

Solana (SOL-USD) has a higher volatility of 17.62% compared to HSBC Hang Seng Tech UCITS ETF (HSTE.L) at 9.98%. This indicates that SOL-USD's price experiences larger fluctuations and is considered to be riskier than HSTE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOL-USD	HSTE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.62%	9.98%	+7.64%
Volatility (6M) Calculated over the trailing 6-month period	46.90%	20.46%	+26.44%
Volatility (1Y) Calculated over the trailing 1-year period	60.08%	27.54%	+32.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.35%	39.39%	+42.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	99.82%	53.79%	+46.03%

Frequently Asked Questions

Can I hold both SOL-USD and HSTE.L in my portfolio?

SOL-USD and HSTE.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.