ETF · HSBC
HCAA HSBC MSCI China A UCITS ETF AccumUSD
ISIN IE000Z4OYPZ6London Stock Exchange: HCAAHSBC Holdings Plc
- Emerging markets
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE$11.13
on
- Ongoing charge
- 0.30% a year
- Fund size
- £2.9m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, HCAA (HSBC MSCI China A UCITS ETF AccumUSD, ISIN IE000Z4OYPZ6) closed at $11.13 on the London Stock Exchange. Its ongoing charge is 0.30% a year (about £30 on £10,000). Over the three years to 13/11/2026 its total return was +7.1%, or −3.3% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −7.1%
- −10.4% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +7.1%
- −3.3% after inflation (UK CPIH)
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of HSBC MSCI China A UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund): 2023 −18.6%, 2024 +9.8%, 2025 +22.5%; 2026 to 13/11/2026 −9.9%. Returns of HSBC MSCI China A UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +1.6%; to 30/09/2025: +23.1%; to 30/09/2024: −2.4%; to 30/09/2023: −15.0%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −9.9% | −12.7% | |
| to | +22.5% | +18.3% | |
| to | +9.8% | +6.0% | |
| −18.6% | −21.9% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +1.6% | −2.0% |
| from | +23.1% | +18.3% |
| from | −2.4% | −4.9% |
| from | −15.0% | −20.1% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
22.8%over 3 years
| 1 year | 15.6% |
|---|---|
| 3 years | 22.8% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since July 2022
- −35.5%
- From to
- Lowest 12-month return
- −31.8%
- 12 months to
- Highest 12-month return
- +41.0%
- 12 months to
- Below its highest weekly close since July 2022
- 18.6%
- High of , latest
In words: Volatility of HSBC MSCI China A UCITS ETF AccumUSD in pounds, annualised from weekly returns to 13/11/2026: 15.6% over 1 year, 22.8% over 3 years. Largest fall in the price of HSBC MSCI China A UCITS ETF AccumUSD since July 2022, in pounds: −35.5% from 15/07/2022 to 02/02/2024. The lowest 12-month return of HSBC MSCI China A UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) since July 2022 was −31.8% (12 months to 02/02/2024); the highest was +41.0% (12 months to 19/06/2026). On 13/11/2026 the price of HSBC MSCI China A UCITS ETF AccumUSD was 18.6% below its highest weekly close since July 2022 (19/06/2026), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.30%
- a year
- On £10,000
- £30
- a year, roughly
- Over five years
- £149
- of £10,000, before growth
- 61 charge less
- 5 the same
- 85 charge more
Ongoing charge of HSBC MSCI China A UCITS ETF AccumUSD 0.30% a year. Compared on 14/11/2026, 85 of the 151 other emerging-market share funds charge more, 5 the same and 61 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
HSBC MSCI China A UCITS ETF AccumUSD is an exchange-traded fund (ETF) from HSBC, launched in 2022.
It tracks the MSCI China A Inclusion Index.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.3% a year — about £30 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
Emerging markets: Companies in faster-growing but less mature economies such as China, India, Taiwan and Brazil. Prices tend to move more.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- HCAA
- ISIN
- IE000Z4OYPZ6
- Provider
- HSBC
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.30% a year · about £30 on £10,000
- Fund size
- £2.9m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- USD
- Category
- Emerging markets
Price chart
Over the last year, the closing price went from $12.18 on 14/11/2025 to $11.13 on 13/11/2026 (−8.6%). The lowest close shown was $11.08 on 30/10/2026 and the highest $13.68 on 19/06/2026.
One close a week. Before 04/08/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
220 weekly closes, from 15/07/2022 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 396
- on record
- Ten largest
- 20.4%
- of the whole fund
- Effective number of holdings
- 123
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 5.0%
- Kweichow Moutai · Class A
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Kweichow Moutai · Class A600519China | 5.03% |
| 2 | Contemporary Amperex Technology · Class A300750China | 2.89% |
| 3 | China Merchants Bank · Class A600036China | 2.36% |
| 4 | China Yangtze Power · Class A600900China | 1.94% |
| 5 | Byd · Class A002594China | 1.68% |
| 6 | Ping An Insurance (Group) Company of China · Class A601318China | 1.51% |
| 7 | Wuliangye Yibin · Class A000858China | 1.29% |
| 8 | Agricultural Bank of China · Class A601288China | 1.24% |
| 9 | Industrial Bank · Class A601166China | 1.24% |
| 10 | Industrial and Commercial Bank of China · Class A601398China | 1.17% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By country
- China98.7%
- Singapore0.6%
- Not classified0.7%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest.
More of the portfolio
The fund publishes 396 holdings; the ten largest make up 20.4% of it. The fund's portfolio is also split by currency.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Sector split
As a share of the whole fund. 99.2% of it is classified by sector; bonds, cash and positions that cannot be matched are left out rather than guessed.
- Finance23.6%
- Producer Manufacturing14.2%
- Electronic Technology10.8%
- Consumer Non-Durables10.3%
- Health Technology5.9%
- Process Industries5.3%
- Utilities4.9%
- Non-Energy Minerals4.5%
- Other classified sectors19.8%
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
5 funds track MSCI China A Inclusion Index, this one included and share classes counted once; their ongoing charges range from 0.30% to 0.46% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| HSBC MSCI China A UCITS ETF AccumHedged USDAccumulating · Currency hedged · 0.40% a year | 0.40% | −11.2% | Not reported | Not reported |
| HSBC MSCI China A UCITS ETF AccumUSDThis fundAccumulating · 0.30% a year | 0.30% | −7.1% | +7.1% | Not reported |
| HSBC MSCI China A UCITS ETF USDDistributing · 0.30% a year | 0.30% | −7.6% | +17.4% | −14.4% |
| iShares MSCI China A UCITS ETFAccumulating · 0.40% a year | 0.40% | −7.7% | +17.2% | −15.2% |
| Xtrackers MSCI China A UCITS ETF Capitalisation -1C-Accumulating · 0.46% a year | 0.46% | −7.7% | +28.9% | −4.9% |
As of
MSCI China A Inclusion funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 and 3 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 168 rolling 12-month returns since July 2022, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since July 2022, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Rank among similar funds
Rank by total return over 1 and 3 years among up to 142 emerging-market share funds, not currency-hedged, highest first.
ProMoves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI EM IMI UCITS ETF, over the three years to 13/11/2026 (148 weeks).
Pro
Pro — currently by invitation
Pro includes the rank among similar funds and moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of HCAA?
The ongoing charge of HCAA is 0.30% a year — about £30 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of HSBC MSCI China A UCITS ETF AccumUSD 0.30% a year. Compared on 14/11/2026, 85 of the 151 other emerging-market share funds charge more, 5 the same and 61 less (share classes counted once).
What does HCAA track?
HCAA tracks the MSCI China A Inclusion Index.
Is HCAA accumulating or distributing?
HCAA is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
What is the ISIN of HCAA?
The ISIN of HCAA is IE000Z4OYPZ6. An ISIN identifies one exact share class of a fund; HCAA is its ticker on the London Stock Exchange.
What does HCAA hold?
The latest published holdings of HCAA are dated 02/06/2025, more than three months older than the manager’s other lists. The fund’s portfolio today may differ. Its ten largest holdings are Kweichow Moutai · Class A (5.03%), Contemporary Amperex Technology · Class A (2.89%), China Merchants Bank · Class A (2.36%), China Yangtze Power · Class A (1.94%), Byd · Class A (1.68%), Ping An Insurance (Group) Company of China · Class A (1.51%), Wuliangye Yibin · Class A (1.29%), Agricultural Bank of China · Class A (1.24%), Industrial Bank · Class A (1.24%) and Industrial and Commercial Bank of China · Class A (1.17%).
What were HCAA’s returns in each of the last five years?
Calendar-year returns of HCAA in pounds (price, with income reinvested in the fund): 2023 −18.6%, 2024 +9.8%, 2025 +22.5%; 2026 to 13/11/2026 −9.9%. Past performance is not a guide to future returns.
How has HCAA done after inflation?
Over the three years to 13/11/2026 HCAA’s total return was +7.1%, or −3.3% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
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- XMMSXtrackers MSCI Emerging Markets UCITS ETF0.18% a year · £9.9bn
- SEMAiShares MSCI EM UCITS ETF USD (Acc)0.18% a year · £7.6bn
- IEEMiShares MSCI EM UCITS ETF USD (Dist)0.18% a year · £7.0bn
- EDG2iShares MSCI EM CTB Enhanced ESG UCITS ETF0.23% a year · £6.0bn
- CEA1iShares MSCI EM Asia UCITS ETF0.20% a year · £5.8bn
- E127Multi Units LU - Amundi MSCI Emerging Markets II0.14% a year · £4.5bn
- LEMAMulti Units LU - Amundi MSCI Emerging Markets II Acc0.14% a year · £4.4bn
Fund documents and methods
- Fund documents
- Fund page at HSBC Asset Management · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
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