ETF · HSBC
HESS HSBC MSCI Emerging Markets Small Cap Screened UCITS ETF
ISIN IE000W080FK3London Stock Exchange: HESSHSBC Holdings Plc
- Smaller companies
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE£20.90
on
- Ongoing charge
- 0.35% a year
- Fund size
- £47.9m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, HESS (HSBC MSCI Emerging Markets Small Cap Screened UCITS ETF, ISIN IE000W080FK3) closed at £20.90 on the London Stock Exchange. Its ongoing charge is 0.35% a year (about £35 on £10,000). Over the three years to 13/11/2026 its total return was +30.6%, or +18.0% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +8.5%
- +4.7% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +30.6%
- +18.0% 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 ETFs PLC - HSBC MSCI Emerging Markets Small Cap Screened UCITS ETF in pounds (price, with income reinvested in the fund): 2023 +11.4%, 2024 +2.9%, 2025 +18.7%; 2026 to 13/11/2026 +7.3%. Returns of HSBC ETFs PLC - HSBC MSCI Emerging Markets Small Cap Screened UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +21.3%; to 30/09/2025: +15.0%; to 30/09/2024: +7.0%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +7.3% | +3.9% | |
| to | +18.7% | +14.7% | |
| to | +2.9% | −0.6% | |
| +11.4% | +7.0% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +21.3% | +17.0% |
| from | +15.0% | +10.5% |
| from | +7.0% | +4.3% |
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)
15.7%over 3 years
| 1 year | 21.5% |
|---|---|
| 3 years | 15.7% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2022
- −14.4%
- From to
- Lowest 12-month return
- −10.6%
- 12 months to
- Highest 12-month return
- +52.8%
- 12 months to
- Below its highest weekly close since November 2022
- 11.9%
- High of , latest
In words: Volatility of HSBC ETFs PLC - HSBC MSCI Emerging Markets Small Cap Screened UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 21.5% over 1 year, 15.7% over 3 years. Largest fall in the price of HSBC ETFs PLC - HSBC MSCI Emerging Markets Small Cap Screened UCITS ETF since November 2022, in pounds: −14.4% from 09/10/2026 to 06/11/2026. The lowest 12-month return of HSBC ETFs PLC - HSBC MSCI Emerging Markets Small Cap Screened UCITS ETF in pounds (price, with income reinvested in the fund) since November 2022 was −10.6% (12 months to 11/04/2025); the highest was +52.8% (12 months to 17/04/2026). On 13/11/2026 the price of HSBC ETFs PLC - HSBC MSCI Emerging Markets Small Cap Screened UCITS ETF was 11.9% below its highest weekly close since November 2022 (09/10/2026), 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
- 0.35%
- a year
- On £10,000
- £35
- a year, roughly
- Over five years
- £174
- of £10,000, before growth
- 21 charge less
- 2 the same
- 13 charge more
Ongoing charge of HSBC ETFs PLC - HSBC MSCI Emerging Markets Small Cap Screened UCITS ETF 0.35% a year. Compared on 14/11/2026, 13 of the 36 other smaller-company funds charge more, 2 the same and 21 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 ETFs PLC - HSBC MSCI Emerging Markets Small Cap Screened UCITS ETF is an exchange-traded fund (ETF) from HSBC, launched in 2022.
It tracks the MSCI Emerging Markets Small Cap Universal Screens Index - Benchmark TR Net — companies in emerging economies such as China, India, Taiwan and Brazil.
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 reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
Smaller companies: Smaller firms, which can grow faster than large ones but whose prices usually swing more.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- HESS
- ISIN
- IE000W080FK3
- Also listed as
- HESC (London Stock Exchange, US dollars), H41F (Xetra, euros)
- Provider
- HSBC
- Tracks
- MSCI Emerging Markets Small Cap Universal Screens Index
- 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
- 0.35% a year · about £35 on £10,000
- Fund size
- £47.9m
- 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
- Pounds (GBP)
- Category
- Smaller companies
Price chart
Over the last year, the closing price went from £19.73 on 14/11/2025 to £20.90 on 13/11/2026 (+5.9%). The lowest close shown was £19.05 on 12/12/2025 and the highest £23.73 on 09/10/2026.
One close a week. Before 28/07/2026 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
206 weekly closes, from 04/11/2022 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
- 836
- 841 reported in all
- Ten largest
- 9.5%
- of the whole fund
- Effective number of holdings
- 335
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 1.6%
- Samsung E&A
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Samsung E&A028050South Korea | 1.56% |
| 2 | Cash and other net assets | 1.41% |
| 3 | Auo2409Taiwan | 1.09% |
| 4 | Coway021240South Korea | 0.94% |
| 5 | Iteq6213Taiwan | 0.83% |
| 6 | Old MutualOMUSouth Africa | 0.79% |
| 7 | Samsung Securities016360South Korea | 0.76% |
| 8 | Growthpoint PropertiesGRTSouth Africa | 0.72% |
| 9 | Corporacion Inmobiliaria Vesta S.A.B. de C.VVESTAMexico | 0.70% |
| 10 | TotvsTOTS3Brazil | 0.70% |
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
- Taiwan26.2%
- South Korea18.8%
- China10.5%
- India10.0%
- South Africa7.2%
- Brazil5.5%
- Malaysia4.0%
- Thailand3.1%
- Other countries13.1%
- Not classified1.4%
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 and what changed since .
More of the portfolio
The fund publishes 841 holdings; the ten largest make up 9.5% 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. 71.3% of it is classified by sector; bonds, cash and positions that cannot be matched are left out rather than guessed.
- Electronic Technology15.9%
- Finance13.0%
- Producer Manufacturing6.9%
- Health Technology6.3%
- Technology Services4.3%
- Consumer Non-Durables3.2%
- Industrial Services2.8%
- Process Industries2.5%
- Other classified sectors16.5%
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
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 154 rolling 12-month returns since November 2022, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 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.
Moves 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 (149 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 HESS?
The ongoing charge of HESS 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 ETFs PLC - HSBC MSCI Emerging Markets Small Cap Screened UCITS ETF 0.35% a year. Compared on 14/11/2026, 13 of the 36 other smaller-company funds charge more, 2 the same and 21 less (share classes counted once).
What does HESS track?
HESS tracks the MSCI Emerging Markets Small Cap Universal Screens Index - Benchmark TR Net — companies in emerging economies such as China, India, Taiwan and Brazil.
Is HESS accumulating or distributing?
HESS 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 HESS?
The ISIN of HESS is IE000W080FK3. An ISIN identifies one exact share class of a fund; HESS is its ticker on the London Stock Exchange. The same share class is also listed as HESC (London Stock Exchange, US dollars) and H41F (Xetra, euros).
What does HESS hold?
As of 06/11/2026, HESS holds 841 positions, according to its published holdings. The largest is Samsung E&A at 1.56% of the fund; the ten largest make up 9.5%. Its ten largest holdings are Samsung E&A (1.56%), Cash and other net assets (1.41%), Auo (1.09%), Coway (0.94%), Iteq (0.83%), Old Mutual (0.79%), Samsung Securities (0.76%), Growthpoint Properties (0.72%), Corporacion Inmobiliaria Vesta S.A.B. de C.V (0.70%) and Totvs (0.70%).
What were HESS’s returns in each of the last five years?
Calendar-year returns of HESS in pounds (price, with income reinvested in the fund): 2023 +11.4%, 2024 +2.9%, 2025 +18.7%; 2026 to 13/11/2026 +7.3%. Past performance is not a guide to future returns.
How has HESS done after inflation?
Over the three years to 13/11/2026 HESS’s total return was +30.6%, or +18.0% after UK CPIH inflation. Past performance is not a guide to future returns.
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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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