URTH vs. HNSS.L
URTH (iShares MSCI World ETF) and HNSS.L (HSBC Nasdaq Global Semiconductor UCITS ETF) are both exchange-traded funds - URTH is a Global Equities fund tracking the MSCI World Index (Net), while HNSS.L is a Semiconductors fund tracking the Nasdaq Global Semiconductor Index. Both are passively managed. Over the past 3 years, URTH returned 19.60%/yr vs 57.21%/yr for HNSS.L. A 0.64 correlation means they provide meaningful diversification when combined. URTH charges 0.24%/yr vs 0.35%/yr for HNSS.L.
Performance
URTH vs. HNSS.L - Performance Comparison
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Different Trading Currencies
URTH 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, URTH achieves a 8.91% return, which is significantly lower than HNSS.L's 83.82% return.
URTH
- 1D
- 0.39%
- 1M
- -0.21%
- YTD
- 8.91%
- 6M
- 9.60%
- 1Y
- 24.56%
- 3Y*
- 19.60%
- 5Y*
- 11.45%
- 10Y*
- 13.38%
HNSS.L
- 1D
- 0.00%
- 1M
- 5.13%
- YTD
- 83.82%
- 6M
- 88.94%
- 1Y
- 170.38%
- 3Y*
- 57.21%
- 5Y*
- —
- 10Y*
- —
URTH vs. HNSS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
URTH iShares MSCI World ETF | 8.91% | 21.36% | 18.66% | 23.95% | -11.97% |
HNSS.L HSBC Nasdaq Global Semiconductor UCITS ETF | 83.82% | 56.48% | 17.97% | 39.90% | -33.45% |
Correlation
The correlation between URTH and HNSS.L is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2022 | 0.64 |
The correlation between URTH and HNSS.L has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.
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Return for Risk
URTH vs. HNSS.L — Risk / Return Rank
URTH
HNSS.L
URTH vs. HNSS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World ETF (URTH) 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.
| URTH | HNSS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.61 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 5.37 | -2.81 |
| Martin ratioReturn relative to average drawdown | 11.37 | 14.49 | -3.12 |
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Drawdowns
URTH vs. HNSS.L - Drawdown Comparison
The maximum URTH drawdown since its inception was -34.01%, smaller than the maximum HNSS.L drawdown of -51.82%. Use the drawdown chart below to compare losses from any high point for URTH and HNSS.L.
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Drawdown Indicators
| URTH | HNSS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.01% | -51.82% | +17.81% |
Max Drawdown (1Y)Largest decline over 1 year | -9.06% | -30.87% | +21.81% |
Max Drawdown (3Y)Largest decline over 3 years | -16.94% | -37.48% | +20.54% |
Max Drawdown (5Y)Largest decline over 5 years | -26.05% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.01% | — | — |
Current DrawdownCurrent decline from peak | -1.87% | -6.42% | +4.55% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -19.16% | +14.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 11.43% | -9.39% |
Volatility
URTH vs. HNSS.L - Volatility Comparison
The current volatility for iShares MSCI World ETF (URTH) is 4.55%, while HSBC Nasdaq Global Semiconductor UCITS ETF (HNSS.L) has a volatility of 14.15%. This indicates that URTH 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
| URTH | HNSS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 14.15% | -9.60% |
Volatility (6M)Calculated over the trailing 6-month period | 10.11% | 27.54% | -17.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 54.65% | -42.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.26% | 40.49% | -24.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.29% | 40.49% | -23.20% |
URTH vs. HNSS.L - Expense Ratio Comparison
URTH has a 0.24% expense ratio, which is lower than HNSS.L's 0.35% expense ratio.
Dividends
URTH vs. HNSS.L - Dividend Comparison
URTH's dividend yield for the trailing twelve months is around 1.36%, while HNSS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HNSS.L HSBC Nasdaq Global Semiconductor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URTH iShares MSCI World ETF | 1.36% | 1.48% | 1.47% | 1.70% | 1.68% | 1.50% | 1.52% | 2.16% | 2.30% | 1.88% | 2.15% | 2.35% |
Frequently Asked Questions
URTH and HNSS.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, URTH is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
URTH is cheaper with a 0.24% expense ratio, compared with 0.35% for HNSS.L.
URTH is categorized as Global Equities, while HNSS.L is Semiconductors. URTH tracks MSCI World Index (Net), while HNSS.L tracks Nasdaq Global Semiconductor Index. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.24% for URTH and 0.35% for HNSS.L.
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