# HSBC MSCI Canada UCITS ETF (HCAN) **Page:** https://fundology.uk/fund/hcan · ISIN IE00B51B7Z02 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, HCAN (HSBC MSCI Canada UCITS ETF, ISIN IE00B51B7Z02) closed at £27.32 on the London Stock Exchange. Its ongoing charge is 0.35% a year (about £35 on £10,000). Over the five years to 13/11/2026 its total return was +71.1%, or +33.5% after UK CPIH inflation. ## Summary HSBC MSCI Canada UCITS ETF is an exchange-traded fund (ETF) from HSBC, launched in 2011. It tracks the MSCI Canada. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.35% a year — about £35 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year. Latest close: **£27.32** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | HCAN | | ISIN | IE00B51B7Z02 | | Also listed as | HCAD (London Stock Exchange, US dollars) | | Category | Global shares | | Type | ETF | | Provider | HSBC | | Tracks | MSCI Canada | | Income | Distributing | | Ongoing charge | 0.35% a year (£35 per £10,000) | | Fund size | £101m | | Launched | 2011 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 24/02/2011 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +19.20% | +14.98% | income reinvested | | 3 years | +77.16% | +60.06% | income reinvested | | 5 years | +71.07% | +33.53% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of HSBC MSCI Canada UCITS ETF in pounds (price only, income paid out not included): 2022 −3.8%, 2023 +6.5%, 2024 +13.6%, 2025 +22.2%; 2026 to 13/11/2026 +12.7%. Returns of HSBC MSCI Canada UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +16.3%; to 30/09/2025: +22.2%; to 30/09/2024: +12.6%; to 30/09/2023: −1.0%; to 30/09/2022: +5.1%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -3.8% | -11.9% | Price | | 2023 | +6.5% | +2.2% | Price | | 2024 | +13.6% | +9.7% | Price | | 2025 | +22.2% | +18.0% | Price | | 2026 to 13/11/2026 | +12.7% | +9.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 10.92% | -6.74% | | 3 years | 10.99% | -12.19% | | 5 years | 13.26% | -14.82% | ## Largest fall Volatility of HSBC MSCI Canada UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 10.9% over 1 year, 11.0% over 3 years, 13.3% over 5 years. Largest fall in the price of HSBC MSCI Canada UCITS ETF since November 2021, in pounds: −14.8% from 01/04/2022 to 27/10/2023. The lowest 12-month return of HSBC MSCI Canada UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −13.6% (12 months to 24/03/2023); the highest was +40.3% (12 months to 10/04/2026). On 13/11/2026 the price of HSBC MSCI Canada UCITS ETF was 0.7% below its highest weekly close since November 2021 (26/08/2026), in pounds. ## Charges compared with similar funds Ongoing charge of HSBC MSCI Canada UCITS ETF 0.35% a year. Compared on 14/11/2026, 56 of the 207 other global share funds charge more, 9 the same and 142 less (share classes counted once). ## Funds tracking the same index 4 funds track MSCI Canada, this one included and share classes counted once; their ongoing charges range from 0.35% to 0.48% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | HSBC MSCI Canada UCITS ETF (this fund) | 0.35% | +19.2% | +77.2% | +71.1% | | iShares MSCI Canada UCITS ETF | 0.48% | +19.0% | +76.4% | +69.1% | | UBS MSCI Canada UCITS ETF -CAD dis- Distribution | 0.39% | +16.9% | +76.0% | +70.6% | | UBS MSCI Canada UCITS ETF-CAD acc- Capitalisation | 0.39% | +17.4% | +72.5% | +71.0% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.35%** per year (as of 13/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## What it holds As of 06/11/2026, HCAN holds 82 positions, according to its published holdings. The largest is Royal Bank of Canada at 9.13% of the fund; the ten largest make up 45.1%. ### Top holdings Largest positions (as of 06/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Royal Bank of Canada | [RY](https://fundology.uk/stock/RY) | 9.13% | | 2 | Toronto-Dominion Bank | [TD](https://fundology.uk/stock/TD) | 6.62% | | 3 | Shopify | [SHOP](https://fundology.uk/stock/SHOP) | 5.91% | | 4 | Bank of Montreal | [BMO](https://fundology.uk/stock/BMO) | 3.82% | | 5 | Bank of Nova Scotia | [BNS](https://fundology.uk/stock/BNS) | 3.68% | | 6 | Canadian Imperial Bank of Commerce | [CM](https://fundology.uk/stock/CM) | 3.44% | | 7 | Enbridge | [ENB](https://fundology.uk/stock/ENB) | 3.35% | | 8 | Canadian Natural Resources | [CNQ](https://fundology.uk/stock/CNQ) | 3.29% | | 9 | Agnico Eagle Mines | [AEM](https://fundology.uk/stock/AEM) | 3.18% | | 10 | Brookfield | [BN](https://fundology.uk/stock/BN) | 2.68% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By country Added up from the fund’s published holdings, as of 06/11/2026. | Country | Weight | |---|---| | Canada | 98.6% | | United States | 1.2% | | Not classified | 0.2% | The 81 holdings on record (of 82 reported): https://fundology.uk/fund/hcan/holdings ## Questions people ask **What is the ongoing charge of HCAN?** The ongoing charge of HCAN is 0.35% a year — about £35 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 Canada UCITS ETF 0.35% a year. Compared on 14/11/2026, 56 of the 207 other global share funds charge more, 9 the same and 142 less (share classes counted once). **What does HCAN track?** HCAN tracks the MSCI Canada. **Is HCAN accumulating or distributing?** HCAN is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual. **What is the ISIN of HCAN?** The ISIN of HCAN is IE00B51B7Z02. An ISIN identifies one exact share class of a fund; HCAN is its ticker on the London Stock Exchange. The same share class is also listed as HCAD (London Stock Exchange, US dollars). **What does HCAN hold?** As of 06/11/2026, HCAN holds 82 positions, according to its published holdings. The largest is Royal Bank of Canada at 9.13% of the fund; the ten largest make up 45.1%. Its ten largest holdings are Royal Bank of Canada (9.13%), Toronto-Dominion Bank (6.62%), Shopify (5.91%), Bank of Montreal (3.82%), Bank of Nova Scotia (3.68%), Canadian Imperial Bank of Commerce (3.44%), Enbridge (3.35%), Canadian Natural Resources (3.29%), Agnico Eagle Mines (3.18%) and Brookfield (2.68%). **What were HCAN’s returns in each of the last five years?** Calendar-year returns of HCAN in pounds (price only, income paid out not included): 2022 −3.8%, 2023 +6.5%, 2024 +13.6%, 2025 +22.2%; 2026 to 13/11/2026 +12.7%. Past performance is not a guide to future returns. **How has HCAN done after inflation?** Over the five years to 13/11/2026 HCAN’s total return was +71.1%, or +33.5% after UK CPIH inflation. Past performance is not a guide to future returns. ## Fund documents - [Fund page at HSBC Asset Management](https://www.assetmanagement.hsbc.co.uk/en/individual-investor/funds/ie00b51b7z02) - [Key investor information document (KIID)](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie00b51b7z02/gb/en/kiid) - [Factsheet](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie00b51b7z02/gb/en/factsheet) - Links checked 12/10/2026. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.