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Launched · SEC filings

HSBC Holdings plc ADRhedged

HSBHNYSE ArcaADRhedgedB

$98.06+4.16 (+4.43%)

As of Nov 4, 2026, 10:49 AM ET

B64/ 100

Rank 1 of 9 in Currency-Hedged Funds

B64/100Rank 1 of 9inCurrency-Hedged Funds
Intraday session: up, 17 prints from 93.90 to 98.06. Range 93.90 to 98.06. Use the arrow keys to read each point.95.0096.0097.0010 AM12 PM2 PM4 PM
Expense ratio
0.19%
Fund size
$3M
1Y total return
+21.8%
Yield · Last 12 months
2.66%
Holdings
2
Avg volume · 30D
8.06K sh
52W range
low $77.02high $118.30
Launched
Filings
SEC EDGAR

The ETF.net HSBH Grade

Based on 5 of 6 pillars

B

Score 64 out of 100

Category
Currency-Hedged Funds⁠
Rank
1 of 9
Six-pillar profile for HSBH. Scores out of 100: Cost 59, Risk 66, Mission not scored, Tradability 84, Holdings 54, Durability 59. Strongest: Tradability (84). Weakest: Holdings (54). Based on 5 of 6 pillars.

Score 64 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B59 out of 100
    Rank 1 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.
    B66 out of 100
    Rank 3 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.
    B59 out of 100
    Rank 3 of 9

Our read on HSBH

ETF.net Research

In short

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

  • The 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.
  • Charges 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.
  • A registered 1940 Act fund, not a bank-issued note, so no counterparty's balance sheet stands between you and the exposure.
  • Stands out as one of the stronger implementations in its small currency-hedged peer group.

Worth knowing

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

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$12,177
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,158
Nov 3, 2025 to Nov 3, 2026. HSBH $12,177. SPY $11,158. Use the arrow keys to read each point.$10,000$12,000$14,000Nov 2025May 2026Nov 2026

Nov 3, 2025 – Nov 3, 2026

Returns run to the Nov 3, 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+11.3%
1 month−12.7%
3 months−20.6%
1 year+21.8%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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+11.3%

HSBH in the news

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 Nov 3, 2026.
2.66%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

$10,000 in HSBH 1 year ago paid $312 in dividends.

HSBH Risk

Risk pillarB66 out of 100Rank 3 of 9 in Currency-Hedged Funds
How much the fund’s monthly returns vary, scaled to a year.
22.4%
Annualised · 18 months to Oct 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.
1.32
vs 3-month T-bills · 18 months to Oct 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.
−20.6%
19 months · trough Nov 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.

FMP measures it over up to five years of monthly returns.

HSBH Cost

Tied cheapest in Currency-Hedged Funds

$3,952

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • HSBH 0.19%

    $3,952

$10,000
30 years

Cost over time

  • HSBH 0.19%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530HSBH $3,952

Year by year

YearHSBH
10$347
20$1,351
30$3,952

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