ZPRG.DE vs. HNSC.L

Last updated Jun 5, 2026

ZPRG.DE (SPDR S&P Global Dividend Aristocrats UCITS) and HNSC.L (HSBC Nasdaq Global Semiconductor UCITS ETF USD) are both exchange-traded funds - ZPRG.DE is a Global Equity Income fund tracking the S&P Global Dividend Aristocrats Quality Income Index, while HNSC.L is a Semiconductors fund tracking the Nasdaq Global Semiconductor. Both are passively managed. Over the past 3 years, ZPRG.DE returned 11.58%/yr vs 58.37%/yr for HNSC.L. At a 0.22 correlation, their price movements are largely independent. ZPRG.DE charges 0.45%/yr vs 0.35%/yr for HNSC.L.

Performance

ZPRG.DE vs. HNSC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR S&P Global Dividend Aristocrats UCITS (ZPRG.DE) and HSBC Nasdaq Global Semiconductor UCITS ETF USD (HNSC.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ZPRG.DE is traded in EUR, while HNSC.L is traded in USD. To make them comparable, the HNSC.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ZPRG.DE achieves a 7.13% return, which is significantly lower than HNSC.L's 94.47% return.

ZPRG.DE

• 1D: 0.45%
• 1M: 0.15%
• YTD: 7.13%
• 6M: 7.99%
• 1Y: 15.14%
• 3Y*: 11.58%
• 5Y*: 6.51%
• 10Y*: 6.11%

HNSC.L

• 1D: -3.19%
• 1M: 17.24%
• YTD: 94.47%
• 6M: 92.43%
• 1Y: 182.87%
• 3Y*: 58.37%
• 5Y*: —
• 10Y*: —

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

ZPRG.DE vs. HNSC.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ZPRG.DE SPDR S&P Global Dividend Aristocrats UCITS	7.13%	5.03%	13.19%	3.49%	-1.03%
HNSC.L HSBC Nasdaq Global Semiconductor UCITS ETF USD	94.47%	37.34%	25.77%	45.06%	-12.33%

Correlation

The correlation between ZPRG.DE and HNSC.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (All Time) Calculated using the full available price history since Feb 8, 2022	0.22

Return for Risk

ZPRG.DE vs. HNSC.L — Risk / Return Rank

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

ZPRG.DE

ZPRG.DE Risk / Return Rank: 49
ZPRG.DE Sharpe Ratio Rank: 47
ZPRG.DE Sortino Ratio Rank: 47
ZPRG.DE Omega Ratio Rank: 43
ZPRG.DE Calmar Ratio Rank: 57
ZPRG.DE Martin Ratio Rank: 53

HNSC.L

HNSC.L Risk / Return Rank: 97
HNSC.L Sharpe Ratio Rank: 98
HNSC.L Sortino Ratio Rank: 96
HNSC.L Omega Ratio Rank: 95
HNSC.L Calmar Ratio Rank: 98
HNSC.L Martin Ratio Rank: 97

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.

ZPRG.DE vs. HNSC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Dividend Aristocrats UCITS (ZPRG.DE) and HSBC Nasdaq Global Semiconductor UCITS ETF USD (HNSC.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.

	ZPRG.DE	HNSC.L	Difference
Sharpe ratio: Return per unit of total volatility	1.61	5.60	-3.99
Sortino ratio: Return per unit of downside risk	2.31	5.63	-3.32
Omega ratio: Gain probability vs. loss probability	1.27	1.72	-0.44
Calmar ratio: Return relative to maximum drawdown	2.78	13.70	-10.92
Martin ratio: Return relative to average drawdown	8.86	47.79	-38.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZPRG.DE vs. HNSC.L - Sharpe Ratio Comparison

The current ZPRG.DE Sharpe Ratio is 1.61, which is lower than the HNSC.L Sharpe Ratio of 5.60. The chart below compares the historical Sharpe Ratios of ZPRG.DE and HNSC.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

	ZPRG.DE	HNSC.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	5.60	-3.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	1.66	-1.21

Drawdowns

ZPRG.DE vs. HNSC.L - Drawdown Comparison

The maximum ZPRG.DE drawdown since its inception was -42.08%, which is greater than HNSC.L's maximum drawdown of -37.73%. Use the drawdown chart below to compare losses from any high point for ZPRG.DE and HNSC.L.

Drawdown Indicators

	ZPRG.DE	HNSC.L	Difference
Max Drawdown Largest peak-to-trough decline	-42.08%	-37.73%	-4.35%
Max Drawdown (1Y) Largest decline over 1 year	-5.42%	-13.54%	+8.12%
Max Drawdown (3Y) Largest decline over 3 years	-17.07%	-37.73%	+20.66%
Max Drawdown (5Y) Largest decline over 5 years	-18.50%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.08%	—	—
Current Drawdown Current decline from peak	-1.47%	-3.19%	+1.72%
Average Drawdown Average peak-to-trough decline	-6.63%	-9.23%	+2.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	3.89%	-2.18%

Volatility

ZPRG.DE vs. HNSC.L - Volatility Comparison

The current volatility for SPDR S&P Global Dividend Aristocrats UCITS (ZPRG.DE) is 2.82%, while HSBC Nasdaq Global Semiconductor UCITS ETF USD (HNSC.L) has a volatility of 13.77%. This indicates that ZPRG.DE experiences smaller price fluctuations and is considered to be less risky than HNSC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZPRG.DE	HNSC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	13.77%	-10.95%
Volatility (6M) Calculated over the trailing 6-month period	6.56%	25.66%	-19.10%
Volatility (1Y) Calculated over the trailing 1-year period	9.38%	33.15%	-23.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.39%	36.22%	-23.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.93%	36.22%	-21.29%

ZPRG.DE vs. HNSC.L - Expense Ratio Comparison

ZPRG.DE has a 0.45% expense ratio, which is higher than HNSC.L's 0.35% expense ratio.

Dividends

ZPRG.DE vs. HNSC.L - Dividend Comparison

ZPRG.DE's dividend yield for the trailing twelve months is around 3.89%, while HNSC.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HNSC.L HSBC Nasdaq Global Semiconductor UCITS ETF USD	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ZPRG.DE SPDR S&P Global Dividend Aristocrats UCITS	3.89%	4.25%	3.73%	4.22%	4.49%	3.57%	3.98%	3.44%	3.95%	3.36%	3.62%	3.80%

Frequently Asked Questions

Can I hold both ZPRG.DE and HNSC.L in my portfolio?

ZPRG.DE and HNSC.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ZPRG.DE or HNSC.L?

On fees, HNSC.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZPRG.DE or HNSC.L?

HNSC.L is cheaper with a 0.35% expense ratio, compared with 0.45% for ZPRG.DE.

What is the main difference between ZPRG.DE and HNSC.L?

ZPRG.DE is categorized as Global Equity Income, while HNSC.L is Semiconductors. ZPRG.DE tracks S&P Global Dividend Aristocrats Quality Income Index, while HNSC.L tracks Nasdaq Global Semiconductor. They also come from different issuers: State Street and HSBC. Their fees differ too: 0.45% for ZPRG.DE and 0.35% for HNSC.L.