ETF · HSBC
HCBG Global Corporate Bond UCITS ETF - GBP
ISIN IE0005FQHJC4London Stock Exchange: HCBGHSBC Holdings Plc
- Corporate & other bonds
- ETF
- ISA
- SIPP
- Distributing
Latest close
LSE£10.43
on
- Ongoing charge
- 0.13% a year
- Fund size
- £131m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, HCBG (Global Corporate Bond UCITS ETF - GBP, ISIN IE0005FQHJC4) closed at £10.43 on the London Stock Exchange. Its ongoing charge is 0.13% a year (about £13 on £10,000). Over the three years to 13/11/2026 its total return was +8.9%, or −1.6% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +2.4%
- −1.2% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +8.9%
- −1.6% 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 Global Funds ICAV - Global Corporate Bond UCITS ETF - GBP in pounds (price only, income paid out not included): 2024 +0.1%, 2025 +2.3%; 2026 to 13/11/2026 −5.2%. Returns of HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF - GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −6.0%; to 30/09/2025: +0.3%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −5.2% | −8.2% | |
| to | +2.3% | −1.2% | |
| to | +0.1% | −3.3% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −6.0% | −9.3% |
| from | +0.3% | −3.6% |
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)
5.5%over 3 years
| 1 year | 5.0% |
|---|---|
| 3 years | 5.5% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since October 2023
- −6.6%
- From to
- Lowest 12-month return
- −5.8%
- 12 months to
- Highest 12-month return
- +10.5%
- 12 months to
- Below its highest weekly close since October 2023
- 5.7%
- High of , latest
In words: Volatility of HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF - GBP in pounds, annualised from weekly returns to 13/11/2026: 5.0% over 1 year, 5.5% over 3 years. Largest fall in the price of HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF - GBP since October 2023, in pounds: −6.6% from 30/01/2026 to 02/10/2026. The lowest 12-month return of HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF - GBP in pounds (price only, income paid out not included) since October 2023 was −5.8% (12 months to 02/10/2026); the highest was +10.5% (12 months to 18/10/2024). On 13/11/2026 the price of HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF - GBP was 5.7% below its highest weekly close since October 2023 (30/01/2026), in pounds.
As of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.13%
- a year
- On £10,000
- £13
- a year, roughly
- Over five years
- £65
- of £10,000, before growth
- 79 charge less
- 5 the same
- 343 charge more
Ongoing charge of HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF - GBP 0.13% a year. Compared on 14/11/2026, 343 of the 427 other corporate and other bond funds charge more, 5 the same and 79 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF - GBP is an exchange-traded fund (ETF) from HSBC, launched in 2023.
It tracks the Bloomberg Global Aggregate - Corporate.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.13% a year — about £13 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.
Corporate & other bonds: Loans to companies and other borrowers, which usually pay more interest than government bonds in exchange for more risk.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- HCBG
- ISIN
- IE0005FQHJC4
- Provider
- HSBC
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid semi-annual
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.13% a year · about £13 on £10,000
- Fund size
- £131m
- 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
- Pounds (GBP)
- Category
- Corporate & other bonds
Price chart
Over the last year, the closing price went from £10.95 on 14/11/2025 to £10.43 on 13/11/2026 (−4.8%). The lowest close shown was £10.33 on 02/10/2026 and the highest £11.06 on 30/01/2026.
One close a week. Before 17/08/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included, so the line can end below the total return above.
As of , at least 15 min delayed
Five years of prices, and after inflation
156 weekly closes, from 20/10/2023 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
Funds tracking the same index
9 funds track Bloomberg Global Aggregate - Corporate, this one included and share classes counted once; their ongoing charges range from 0.07% to 0.25% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Global Corporate Bond UCITS ETF USDAccumulating · 0.13% a year | 0.13% | −0.1% | Not reported | Not reported |
| Global Corporate Bond UCITS ETF - GBPThis fundDistributing · 0.13% a year | 0.13% | +2.4% | +8.9% | Not reported |
| iShares Global Corp Bond EUR Hedged UCITS ETFDistributing · Currency hedged · 0.25% a year | 0.25% | −6.8% | +6.5% | −10.2% |
| iShares Global Corp Bond UCITS ETFDistributing · 0.20% a year | 0.20% | −2.4% | +7.7% | −0.7% |
| iShares Global Corp Bond UCITS ETF AccAccumulating · 0.20% a year | 0.20% | −1.5% | +8.8% | −1.1% |
| iShares Global Corp Bond UCITS ETF Hedged GBPDistributing · Currency hedged · 0.25% a year | 0.25% | 0.0% | +16.7% | −0.9% |
| iShares Global Corp Bond UCITS ETF USD Hedged (Acc)Accumulating · Currency hedged · 0.25% a year | 0.25% | −0.3% | +8.8% | +3.2% |
| Vanguard USD Corporate Bond UCITS ETFDistributing · 0.07% a year | 0.07% | −1.7% | Not reported | Not reported |
| Vanguard USD Corporate Bond UCITS ETF Accum Unhedged USDAccumulating · 0.07% a year | 0.07% | −1.3% | +8.8% | +1.3% |
As of
Bloomberg Global Aggregate Corporate 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 104 rolling 12-month returns since October 2023, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since October 2023, 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.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core UK Gilts UCITS ETF, over the three years to 13/11/2026 (150 weeks).
Pro
Pro — currently by invitation
Pro includes 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 HCBG?
The ongoing charge of HCBG is 0.13% a year — about £13 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 Global Funds ICAV - Global Corporate Bond UCITS ETF - GBP 0.13% a year. Compared on 14/11/2026, 343 of the 427 other corporate and other bond funds charge more, 5 the same and 79 less (share classes counted once).
What does HCBG track?
HCBG tracks the Bloomberg Global Aggregate - Corporate.
Is HCBG accumulating or distributing?
HCBG 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 HCBG?
The ISIN of HCBG is IE0005FQHJC4. An ISIN identifies one exact share class of a fund; HCBG is its ticker on the London Stock Exchange.
What were HCBG’s returns in each of the last five years?
Calendar-year returns of HCBG in pounds (price only, income paid out not included): 2024 +0.1%, 2025 +2.3%; 2026 to 13/11/2026 −5.2%. Past performance is not a guide to future returns.
How has HCBG done after inflation?
Over the three years to 13/11/2026 HCBG’s total return was +8.9%, or −1.6% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- IEBCiShares Core EUR Corp Bond UCITS ETF0.09% a year · £8.5bn
- SDIAiShares USD Short Duration Corp Bond UCITS ETF Unhedged USD0.20% a year · £5.0bn
- USC5State Street SPDR Bloomberg 1-5 Year U.S. Corporate Bond UCITS ETF Accum USD0.11% a year · £4.4bn
- SHYGiShares Euro High Yield Corp Bond UCITS ETF EUR0.50% a year · £4.4bn
- LQDAiShares USD Corp Bond UCITS ETF Acc0.20% a year · £4.1bn
- XBLCXtrackers II EUR Corporate Bond UCITS ETF0.09% a year · £3.9bn
- ECRPAmundi EUR Corporate Bond ESG UCITS ETF DR- Capitalisation0.19% a year · £3.6bn
- SUOEiShares Euro Corp Bond ESG SRI UCITS ETF Shs EUR0.14% a year · £3.3bn
Fund documents and methods
- Fund documents
- Fund page at HSBC Asset Management · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.