Skip to content
etf.net

Launched · SEC filings

HSBC Holdings plc ADRhedged

HSBHNYSE ArcaC

$106.48+0.70 (+0.66%)

As of Oct 13, 2026, 1:05 PM

C40/ 100

Rank 2 of 9 in Currency-Hedged Funds

C40/100Rank 2 of 9inCurrency-Hedged Funds
Intraday session: up, 7 prints from 105.78 to 106.48. Range 106.48 to 107.23. Use the arrow keys to read each point.106.00106.25106.75107.00107.2510 AM12 PM2 PM4 PM
Expense ratio
0.19%
Fund size
$5M
1Y total return
+48.1%
Yield · Last 12 months
2.36%
Holdings
2
Avg volume · 30D
0M sh
NAV per share
$104.37
52W range
low $60.56high $118.30
Launched
Filings
SEC EDGAR

The ETF.net HSBH Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
Currency-Hedged Funds⁠
Rank
2 of 9
Six-pillar profile for HSBH. Scores out of 100: Cost 55, Risk 77, Mission not scored, Tradability 84, Holdings 54, Durability 65. Strongest: Tradability (84). Weakest: Holdings (54). Based on 5 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
66
This cap took
−26
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B55 out of 100
    Rank 2 of 9

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A77 out of 100
    Rank 1 of 9

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A84 out of 100
    Rank 1 of 9

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C54 out of 100
    Rank 2 of 8

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B65 out of 100
    Rank 2 of 9

Our read on HSBH

ETF.net Research

CMost ADRs are two bets in one: the company and its currency. HSBH keeps the first and uses currency swaps to strip out most of the second, tracking the local-currency total return of HSBC's ordinary shares.

Stated mandate

The fund seeks to generally match, before fees and expenses, the total return of HSBC Holdings plc ordinary shares in its local market. Normally, it invests at least 95% of net assets in the company’s ADRs and uses a currency swap to hedge U.S.-dollar and British-pound exchange-rate fluctuations.

Why people hold it

  1. 01The mechanism is the product: swaps work to remove most of the dollar-versus-local-currency move, leaving the local-currency total return of HSBC ordinary shares, before fees.
  2. 02Charges 0.19% a year, level with the rest of the ADRhedged shelf (STHH, BPH, SHEH, GSKH). The hedging plumbing isn't priced as a premium feature.
  3. 03A registered 1940 Act fund, not a bank-issued note, so no counterparty's balance sheet stands between you and the exposure.
  4. 04Stands out as one of the stronger implementations in its small currency-hedged peer group.

Worth knowing

  1. 01One company, one balance sheet. This tracks HSBC alone, so bank-specific news moves it; there is no index underneath to spread the risk.
  2. 02The hedge cuts both ways. Removing currency swings removes the favorable ones too, and running the swaps has a cost inside the fund.
  3. 03Young (launched 2024) and small, and it doesn't trade heavily, so bid-ask spreads can run wider than on mainstream ETFs.

HSBH Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
2
Top-10 weight
100%
Largest holding
HSBC95.4%

Sectors

  • Financials100.0%

Geography

  • United Kingdom100.00%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001HSBCHSBC Holdings plc95.44%53,567$5M30
002—Cash (US$)4.56%0$238K10

Showing 1–2 of 2 holdings

HSBH Performance

Launched Oct 1, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
HSBH$14,808
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. HSBH $14,808. SPY $12,044. Use the arrow keys to read each point.$9,187$13,142$17,097Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for HSBH. Periods over one year show the average yearly return.
PeriodHSBH
Year to date+25.4%
1 month−8.1%
3 months−3.2%
1 year+48.1%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for HSBH
YearReturn barHSBH
2026 YTD+25.4%
2025+45.5%

History from Apr 3, 2025

HSBH in the news

Filtered to HSBH · ADR hedged

HSBH Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
2.36%Last 12 months
Payout per share
$2.50Last 12 months
Last payment
$2.15 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2024–2026

One bar per payment. 3 payments from 2024 to 2026 YTD. Dec 16, 2024 $0.58; Mar 16, 2026 $0.35; Jun 16, 2026 $2.15. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Jun 16, 2026Jun 23, 2026$2.15
Mar 16, 2026Mar 23, 2026$0.35
Dec 16, 2024Dec 23, 2024$0.58

HSBH Risk

How much the fund’s monthly returns vary, scaled to a year.
17.2%
Annualised · 17 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
2.43
vs 3-month T-bills · 17 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−14.8%
18 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.51
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

HSBH Cost

Expense ratio0.19%
  • The middle half of Currency-Hedged Funds funds
  • Median 0.19%

1 of the 9 Currency-Hedged Funds funds charge less.

HSBH costs $19.00 a year on $10,000. The median Currency-Hedged Funds fund costs $19.00.

Other funds in Currency-Hedged Funds

See others