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HSBH

GradeBNew York Stock Exchange Arca

HSBC Holdings plc ADRhedged

Multi-Asset & Alternatives · ADR hedged · Inception 2024-10-01

$112.58−0.35 (−0.31%)

As of Sep 23, 2026, 11:33 AM EDT

History starts Apr 3, 2025.
Intraday session: down, 6 prints from 112.93 to 112.58. Range 112.45 to 113.06. Use the arrow keys to read each point.$112.40$112.80$113.0010 AM12 PM2 PM4 PM
Expense ratio
0.19%
Fund size
$3M
1Y return
+51.0%
Yield · Last 12 months
2.21%
Volume · 30D
0M sh
NAV per share
$113.92
52W range
low $71.92high $118.30

The ETF.net HSBH Grade

B

65/ 100

Rank 1 of 9 in Currency-Hedged Funds⁠

Confidence Medium

Six-pillar profile for HSBH. Scores out of 100: Cost 55, Risk 79, Mission not scored, Tradability 81, Holdings 53, Durability 65. Strongest: Tradability (81). Weakest: Holdings (53). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 65 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 55
    Category rank3/9 · top 33%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 79
    Category rank1/9 · top 11%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 81
    Category rank2/9 · top 22%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 53
    Category rank3/8 · top 38%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 65
    Category rank2/9 · top 22%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on HSBH

ETF.net Research

BMost 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 Sep 20, 2026, 10:31 PM
Asset class
Stocks
Holdings
—
Top-10 weight
100%
Largest holding
HSBC98.0%

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 plc98.02%32,141$3M30
002—Cash (US$)1.98%0$67K10

Showing 1–2 of 2 holdings

HSBH Performance

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

HSBH$15,105
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. HSBH $15,105. SPY $11,723. Use the arrow keys to read each point.$8,969$12,645$16,321Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+33.9%
1 month−0.0%
3 months+5.0%
1 year+51.0%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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+33.9%
2025+45.5%

History from Apr 3, 2025

HSBH in the news

ETF.net Research hasn’t filed on HSBH yet — coverage lands here as it’s written.

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 Sep 22, 2026.
2.21%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.
17.1%
Annualised · 16 months to Aug 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.
2.68
vs 3-month T-bills · 16 months to Aug 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%
17 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.
0.48
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.