HSBC Holdings PLC ADRhedged (HSBH) Performance
HSBH total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +19.5% since Dec 31, 2025
- 1 year
- +40.2% total return
- Since first price
- +109.5% since 2024
HSBH trailing returns vs SPY, QQQ, AGG
| Period | HSBH total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −10.1% | −10.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −10.6% | −10.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.6% | +0.5% | +7.8% | +8.4% | −1.5% |
| YTD | +19.5% | +16.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +40.2% | +36.8% | +14.4% | +15.9% | −1.1% |
| Since inceptionOct 7, 2024 | +109.5% | +102.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: HSBH vs SPY
From Oct 7, 2024: HSBH grew to $20,954, SPY to $13,693.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
HSBH returns by calendar year
1 of 1 full years positive. Best 2025 (+53.3%), worst 2025 (+53.3%). 2026 is year to date.
HSBH annual returns table
| Year | HSBH | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +19.5% | −14.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +53.3% | −20.7% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
HSBH largest drawdowns
Now 14.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 5, 2025 | −20.7% | Apr 8, 2025 | Jul 10, 2025 | 34 days | 4 months |
| Feb 26, 2026 | −14.8% | Mar 20, 2026 | May 20, 2026 | 22 days | 3 months |
| Aug 3, 2026 | −14.8% | Oct 23, 2026 | not yet | 3 months | 3 months so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
HSBH risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +53.1% |
| Volatility (annualized) | 18.2% |
| Sharpe ratio | 2.25 |
| Sortino ratio | 5.30 |
| Best month | +11.9% |
| Worst month | −7.1% |
| Best 12 months | +75.0% |
| Worst 12 months | +45.9% |
| Positive months | 78% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
HSBH rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 13 | +31.1% | +56.7% | +75.0% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
HSBH performance overview
HSBC Holdings PLC ADRhedged (HSBH) returned +40.2% over the past year, with distributions reinvested. Since its first recorded price on Oct 7, 2024 it has returned +109.5%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −20.7%, from Mar 5, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 18.2% a year.
Related: HSBH chart, HSBH dividends. See the HSBH overview for the latest quote and fund facts.
HSBH performance FAQ
What is the HSBH return over the past year?
HSBH returned +40.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 36.8%.
How much would $10,000 invested in HSBH be worth?
$10,000 invested in HSBH at its first recorded close on October 7, 2024 would be worth about $20,954 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of HSBH?
The largest peak-to-trough decline was −20.7% between March 5, 2025 and April 8, 2025. It recovered to the old high on July 10, 2025, 3 months after the bottom.
How volatile is HSBH?
Over the past history HSBH had an annualized volatility of 18.2% and a Sharpe ratio of 2.25 (excess return over 1–3 month T-bills per unit of risk).