UKX.PA vs. RR.L

Last updated Jun 5, 2026

UKX.PA (HSBC FTSE 100 UCITS ETF) is Europe Equities fund tracking the FTSE 100 Index, while RR.L (Rolls-Royce Holdings PLC) is a stock. Over the past 10 years, UKX.PA returned 8.03%/yr vs 20.07%/yr for RR.L. At a 0.40 correlation, their price movements are largely independent.

Performance

UKX.PA vs. RR.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in HSBC FTSE 100 UCITS ETF (UKX.PA) and Rolls-Royce Holdings PLC (RR.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

UKX.PA is traded in EUR, while RR.L is traded in GBp. To make them comparable, the RR.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, UKX.PA achieves a 6.41% return, which is significantly lower than RR.L's 11.33% return. Over the past 10 years, UKX.PA has underperformed RR.L with an annualized return of 8.03%, while RR.L has yielded a comparatively higher 20.07% annualized return.

UKX.PA

• 1D: -0.05%
• 1M: -0.94%
• YTD: 6.41%
• 6M: 9.37%
• 1Y: 17.43%
• 3Y*: 14.61%
• 5Y*: 11.68%
• 10Y*: 8.03%

RR.L

• 1D: 0.32%
• 1M: -1.34%
• YTD: 11.33%
• 6M: 18.10%
• 1Y: 41.73%
• 3Y*: 105.54%
• 5Y*: 64.08%
• 10Y*: 20.07%

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

UKX.PA vs. RR.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UKX.PA HSBC FTSE 100 UCITS ETF	6.41%	20.20%	14.80%	9.42%	-1.01%	26.33%	-16.22%	24.05%	-9.60%	7.64%
RR.L Rolls-Royce Holdings PLC	11.33%	94.10%	98.88%	228.38%	-28.06%	17.64%	-55.13%	-9.94%	-0.44%	27.42%

Correlation

The correlation between UKX.PA and RR.L is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Dec 9, 2009	0.40

The correlation between UKX.PA and RR.L shifts across timeframes, from 0.40 (all time) to 0.51 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

UKX.PA vs. RR.L — Risk / Return Rank

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

UKX.PA

UKX.PA Risk / Return Rank: 45
UKX.PA Sharpe Ratio Rank: 42
UKX.PA Sortino Ratio Rank: 41
UKX.PA Omega Ratio Rank: 43
UKX.PA Calmar Ratio Rank: 48
UKX.PA Martin Ratio Rank: 50

RR.L

RR.L Risk / Return Rank: 75
RR.L Sharpe Ratio Rank: 76
RR.L Sortino Ratio Rank: 72
RR.L Omega Ratio Rank: 70
RR.L Calmar Ratio Rank: 77
RR.L Martin Ratio Rank: 80

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.

UKX.PA vs. RR.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC FTSE 100 UCITS ETF (UKX.PA) and Rolls-Royce Holdings PLC (RR.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.

	UKX.PA	RR.L	Difference
Sharpe ratio: Return per unit of total volatility	1.45	1.07	+0.38
Sortino ratio: Return per unit of downside risk	2.06	1.73	+0.33
Omega ratio: Gain probability vs. loss probability	1.27	1.21	+0.06
Calmar ratio: Return relative to maximum drawdown	2.32	2.08	+0.24
Martin ratio: Return relative to average drawdown	8.21	5.74	+2.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UKX.PA vs. RR.L - Sharpe Ratio Comparison

The current UKX.PA Sharpe Ratio is 1.45, which is higher than the RR.L Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of UKX.PA and RR.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.

Sharpe Ratios by Period

	UKX.PA	RR.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	1.07	+0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	1.50	-0.67
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.41	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.33	+0.23

Drawdowns

UKX.PA vs. RR.L - Drawdown Comparison

The maximum UKX.PA drawdown since its inception was -40.11%, smaller than the maximum RR.L drawdown of -89.99%. Use the drawdown chart below to compare losses from any high point for UKX.PA and RR.L.

Drawdown Indicators

	UKX.PA	RR.L	Difference
Max Drawdown Largest peak-to-trough decline	-40.11%	-89.99%	+49.88%
Max Drawdown (1Y) Largest decline over 1 year	-7.72%	-18.74%	+11.02%
Max Drawdown (3Y) Largest decline over 3 years	-16.96%	-23.57%	+6.61%
Max Drawdown (5Y) Largest decline over 5 years	-16.96%	-56.76%	+39.80%
Max Drawdown (10Y) Largest decline over 10 years	-40.11%	-89.39%	+49.28%
Current Drawdown Current decline from peak	-2.89%	-6.38%	+3.49%
Average Drawdown Average peak-to-trough decline	-5.93%	-28.13%	+22.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	6.82%	-4.66%

Volatility

UKX.PA vs. RR.L - Volatility Comparison

The current volatility for HSBC FTSE 100 UCITS ETF (UKX.PA) is 4.71%, while Rolls-Royce Holdings PLC (RR.L) has a volatility of 13.46%. This indicates that UKX.PA experiences smaller price fluctuations and is considered to be less risky than RR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UKX.PA	RR.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.71%	13.46%	-8.75%
Volatility (6M) Calculated over the trailing 6-month period	10.40%	31.31%	-20.91%
Volatility (1Y) Calculated over the trailing 1-year period	12.36%	36.53%	-24.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.51%	42.64%	-28.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.13%	49.46%	-31.33%

Dividends

UKX.PA vs. RR.L - Dividend Comparison

UKX.PA's dividend yield for the trailing twelve months is around 2.84%, more than RR.L's 0.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RR.L Rolls-Royce Holdings PLC	0.75%	0.91%	0.00%	0.00%	0.00%	0.00%	0.00%	1.71%	1.43%	3.07%	1.83%	4.31%
UKX.PA HSBC FTSE 100 UCITS ETF	2.84%	3.01%	3.63%	3.48%	3.86%	3.07%	4.17%	4.10%	4.42%	3.80%	3.65%	3.87%

Frequently Asked Questions

Can I hold both UKX.PA and RR.L in my portfolio?

UKX.PA and RR.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.