ETF · HSBC
HCHS HSBC MSCI China UCITS ETF Accum USD
ISIN IE0007P4PBU1London Stock Exchange: HCHSHSBC Holdings Plc
- Emerging markets
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE£6.09
on
- Ongoing charge
- 0.28% a year
- Fund size
- £82.3m
Source: TradingView, as of , at least 15 min delayed
At a glance
As of 01/10/2026, HCHS (HSBC MSCI China UCITS ETF Accum USD, ISIN IE0007P4PBU1) closed at £6.09 on the London Stock Exchange. Its ongoing charge is 0.28% a year (about £28 on £10,000). Over the three years to 01/10/2026 its total return was +8.7%, or −2.0% after UK CPIH inflation.
Past returns
- 1 year to 01/10/2026
- −17.4%
- −20.0% after inflation (UK CPIH)
- 3 years to 01/10/2026
- +8.7%
- −2.0% after inflation (UK CPIH)
Returns: TradingView (delayed data). Inflation: ONS 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 UCITS ETF Accum USD in pounds (price, with income reinvested in the fund): 2023 −16.5%, 2024 +21.8%, 2025 +21.7%; 2026 to 01/10/2026 −11.5%. Returns of HSBC MSCI China UCITS ETF Accum USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −15.8%; to 30/09/2025: +30.7%; to 30/09/2024: +9.8%; to 30/09/2023: −5.4%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −11.5% | −13.9% | |
| +21.7% | +17.6% | ||
| +21.8% | +17.6% | ||
| −16.5% | −19.8% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −15.8% | Not available |
| from | +30.7% | +25.6% |
| from | +9.8% | +7.0% |
| from | −5.4% | −11.1% |
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , inflation: ONS CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
23.4%over 3 years
| 1 year | 16.2% |
|---|---|
| 3 years | 23.4% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since July 2022
- −34.5%
- From to
- Lowest 12-month return
- −32.4%
- 12 months to
- Highest 12-month return
- +55.8%
- 12 months to
- Below its highest weekly close since July 2022
- 18.7%
- High of , latest
In words: Volatility of HSBC MSCI China UCITS ETF Accum USD in pounds, annualised from weekly returns to 01/10/2026: 16.2% over 1 year, 23.4% over 3 years. Largest fall in the price of HSBC MSCI China UCITS ETF Accum USD since July 2022, in pounds: −34.5% from 27/01/2023 to 02/02/2024. The lowest 12-month return of HSBC MSCI China UCITS ETF Accum USD in pounds (price, with income reinvested in the fund) since July 2022 was −32.4% (12 months to 02/02/2024); the highest was +55.8% (12 months to 12/09/2025). On 01/10/2026 the price of HSBC MSCI China UCITS ETF Accum USD was 18.7% below its highest weekly close since July 2022 (03/10/2025), in pounds.
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.28%
- a year
- On £10,000
- £28
- a year, roughly
- Over five years
- £139
- of £10,000, before growth
- 55 charge less
- 2 the same
- 84 charge more
Ongoing charge of HSBC MSCI China UCITS ETF Accum USD 0.28% a year, as of 02/10/2026: 84 of the 141 other emerging-market share funds charge more, 2 the same and 55 less (share classes counted once).
Source: Fund ongoing charges via TradingView, as of
A lower charge is not a promise of a higher return: what the fund holds matters more. Charges are the fund’s own published ongoing charges figure.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
HSBC MSCI China UCITS ETF Accum USD is an exchange-traded fund (ETF) from HSBC, launched in 2022.
It tracks the MSCI China.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.28% a year — about £28 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
- HCHS
- ISIN
- IE0007P4PBU1
- Provider
- HSBC
- Tracks
- MSCI China
- 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
- 0.28% a year · about £28 on £10,000
- Fund size
- £82.3m
- Launched
- Domicile
- Ireland
- Can be held in
- ISA and SIPP
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Emerging markets
Price chart
Since 31/07/2026, the closing price went from £6.36 on 31/07/2026 to £6.09 on 01/10/2026 (−4.3%). The lowest close shown was £6.07 on 11/09/2026 and the highest £6.47 on 07/08/2026.
Chart: closing prices we have recorded since 31/07/2026.
Source: TradingView, as of , at least 15 min delayed
Five years of prices, and after inflation
9 weekly closes, from 31/07/2026 to 01/10/2026. The same history in October 2026 pounds, adjusted with ONS 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
- 401
- on record
- Ten largest
- 26.7%
- of the whole fund
- Effective number of holdings
- 87
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 7.5%
- Capital Cash Ctrl
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Capital Cash Ctrl | 7.51% |
| 2 | Kweichow Moutai · Class A600519China | 5.03% |
| 3 | Contemporary Amperex Technology · Class A300750China | 2.89% |
| 4 | China Merchants Bank · Class A600036China | 2.36% |
| 5 | China Yangtze Power · Class A600900China | 1.94% |
| 6 | Byd · Class A002594China | 1.68% |
| 7 | Ping An Insurance (Group) Co. of China · Class AChina | 1.51% |
| 8 | Wuliangye Yibin · Class A000858China | 1.29% |
| 9 | Agricultural Bank of China · Class A601288China | 1.24% |
| 10 | Industrial Bank · Class A601166China | 1.24% |
Source: HSBC, holdings as published, as of , company pages by TradingView
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.
By country
- China99.3%
- Singapore0.6%
- Not classified10.6%
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 401 holdings; the ten largest make up 26.7% 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. The source classifies 94.4% of it by sector; bonds, cash and positions it cannot match are left out rather than guessed.
- Finance21.8%
- Producer Manufacturing13.9%
- Consumer Non-Durables10.3%
- Electronic Technology9.9%
- Health Technology5.8%
- Utilities4.9%
- Process Industries4.6%
- Technology Services4.2%
- Other classified sectors19.1%
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
7 funds track MSCI China, this one included and share classes counted once; their ongoing charges range from 0.22% to 0.65% a year (01/10/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Franklin MSCI China Paris Aligned Climate UCITS ETFAccumulating · 0.22% a year | 0.22% | −21.9% | +3.4% | Not reported |
| HSBC MSCI China UCITS ETFDistributing · 0.28% a year | 0.28% | −17.4% | +19.7% | −9.9% |
| HSBC MSCI China UCITS ETF Accum USDThis fundAccumulating · 0.28% a year | 0.28% | −17.4% | +8.7% | Not reported |
| iShares MSCI China UCITS ETF AccumUSDAccumulating · 0.28% a year | 0.28% | −17.1% | +21.6% | −9.0% |
| Multi Units LU -Amundi MSCI China ETF Acc- CapitalisationAccumulating · 0.29% a year | 0.29% | −16.5% | +21.6% | −8.8% |
| Xtrackers MSCI China UCITS ETF 1D DistributionDistributing · 0.30% a year | 0.30% | −17.4% | +8.6% | Not reported |
| Xtrackers MSCI CHINA UCITS ETF Capitalisation 1CAccumulating · 0.65% a year | 0.65% | −17.7% | +18.4% | −11.6% |
Source: TradingView reported returns and fund ongoing charges, as of
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 132 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 01/10/2026 (151 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 HCHS?
The ongoing charge of HCHS is 0.28% a year — about £28 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 UCITS ETF Accum USD 0.28% a year, as of 02/10/2026: 84 of the 141 other emerging-market share funds charge more, 2 the same and 55 less (share classes counted once).
What does HCHS track?
HCHS tracks the MSCI China.
Is HCHS accumulating or distributing?
HCHS 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 HCHS?
The ISIN of HCHS is IE0007P4PBU1. An ISIN identifies one exact share class of a fund; HCHS is its ticker on the London Stock Exchange.
What does HCHS hold?
As of 02/06/2025, HCHS holds 401 positions, according to the holdings HSBC publishes. The largest is Capital Cash Ctrl at 7.51% of the fund; the ten largest make up 26.7%. Its ten largest holdings are Capital Cash Ctrl (7.51%), 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) Co. of China · Class A (1.51%), Wuliangye Yibin · Class A (1.29%), Agricultural Bank of China · Class A (1.24%) and Industrial Bank · Class A (1.24%).
What were HCHS’s returns in each of the last five years?
Calendar-year returns of HCHS in pounds (price, with income reinvested in the fund): 2023 −16.5%, 2024 +21.8%, 2025 +21.7%; 2026 to 01/10/2026 −11.5%. Past performance is not a guide to future returns.
How has HCHS done after inflation?
Over the three years to 01/10/2026 HCHS’s total return was +8.7%, or −2.0% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- EMIMiShares Core MSCI EM IMI UCITS ETF0.18% a year · £26bn
- XMMSXtrackers MSCI Emerging Markets UCITS ETF0.18% a year · £8.1bn
- SEMAiShares MSCI EM UCITS ETF USD (Acc)0.18% a year · £6.0bn
- IEEMiShares MSCI EM UCITS ETF USD (Dist)0.18% a year · £5.8bn
- EDG2iShares MSCI EM CTB Enhanced ESG UCITS ETF0.26% a year · £5.0bn
- CEA1iShares MSCI EM Asia UCITS ETF0.20% a year · £4.9bn
- SEGMiShares MSCI EM IMI Screened UCITS ETF AccumUnhedged USD0.21% a year · £3.6bn
- E127Multi Units LU - Amundi MSCI Emerging Markets II0.14% a year · £3.5bn
Sources and dates
- Prices
- London Stock Exchange closes via TradingView, at least 15 minutes delayed, latest
- Returns
- TradingView reported returns (net asset value with income reinvested where available)
- Calendar years, risk
- Fundology, from recorded closes (weekly history from the data vendor where our record is short)
- Inflation
- ONS CPIH, latest month used August 2026
- Charges
- The fund’s ongoing charges figure, via TradingView
- Holdings
- HSBC, as published,
- Identity
- FCA Financial Instruments Reference Data System (FIRDS) and the issuer
- Fund size
- TradingView, converted to pounds at the latest ECB reference rate
Methodology:Data sourcesReturnsCategoriesAll methods
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