# HSBC MSCI Korea Capped UCITS ETF (HKOR) **Page:** https://fundology.uk/fund/hkor · ISIN IE00B3Z0X395 ## 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, HKOR (HSBC MSCI Korea Capped UCITS ETF, ISIN IE00B3Z0X395) closed at £89.30 on the London Stock Exchange. Its ongoing charge is 0.50% a year (about £50 on £10,000). Over the five years to 13/11/2026 its total return was +105.9%, or +60.8% after UK CPIH inflation. ## Summary HSBC MSCI Korea Capped UCITS ETF is an exchange-traded fund (ETF) from HSBC, launched in 2011. It tracks the 100% MSCI Korea Capped - USD - Benchmark TR Net. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.5% a year — about £50 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: **£89.30** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | HKOR | | ISIN | IE00B3Z0X395 | | Also listed as | HKOD (London Stock Exchange, US dollars) | | Category | Emerging markets | | Type | ETF | | Provider | HSBC | | Tracks | 100% MSCI Korea Capped - USD - Benchmark TR Net | | Income | Distributing | | Ongoing charge | 0.50% a year (£50 per £10,000) | | Fund size | £384m | | Launched | 2011 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 07/04/2011 | ## 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 | +58.02% | +52.42% | income reinvested | | 3 years | +144.22% | +120.64% | income reinvested | | 5 years | +105.95% | +60.76% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of HSBC MSCI Korea Capped UCITS ETF in pounds (price only, income paid out not included): 2022 −20.5%, 2023 +12.2%, 2024 −19.6%, 2025 +83.3%; 2026 to 13/11/2026 +42.1%. Returns of HSBC MSCI Korea Capped UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +130.0%; to 30/09/2025: +27.7%; to 30/09/2024: +1.6%; to 30/09/2023: +13.1%; to 30/09/2022: −27.4%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -20.5% | -27.2% | Price | | 2023 | +12.2% | +7.7% | Price | | 2024 | -19.6% | -22.4% | Price | | 2025 | +83.3% | +77.0% | Price | | 2026 to 13/11/2026 | +42.1% | +37.6% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 48.42% | -36.42% | | 3 years | 33.37% | -36.42% | | 5 years | 28.93% | -36.42% | ## Largest fall Volatility of HSBC MSCI Korea Capped UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 48.4% over 1 year, 33.4% over 3 years, 28.9% over 5 years. Largest fall in the price of HSBC MSCI Korea Capped UCITS ETF since November 2021, in pounds: −36.4% from 19/06/2026 to 06/11/2026. The lowest 12-month return of HSBC MSCI Korea Capped UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −30.0% (12 months to 01/07/2022); the highest was +251.5% (12 months to 29/05/2026). On 13/11/2026 the price of HSBC MSCI Korea Capped UCITS ETF was 34.1% below its highest weekly close since November 2021 (19/06/2026), in pounds. ## Charges compared with similar funds Ongoing charge of HSBC MSCI Korea Capped UCITS ETF 0.50% a year. Compared on 14/11/2026, 47 of the 151 other emerging-market share funds charge more, 12 the same and 92 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.50%** per year - 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, HKOR holds 76 positions, according to its published holdings. The largest is Samsung Electronics at 27.03% of the fund; the ten largest make up 64.2%. ### Top holdings Largest positions (as of 06/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Samsung Electronics | [005930](https://fundology.uk/stock/005930) | 27.03% | | 2 | SK hynix | [000660](https://fundology.uk/stock/000660) | 16.21% | | 3 | SK Square | [402340](https://fundology.uk/stock/402340) | 3.81% | | 4 | Samsung Electronics | [005930](https://fundology.uk/stock/005930) | 3.69% | | 5 | KB Financial Group | [105560](https://fundology.uk/stock/105560) | 2.90% | | 6 | Samsung Electro-Mechanics | [009150](https://fundology.uk/stock/009150) | 2.77% | | 7 | Hyundai Motor | [005380](https://fundology.uk/stock/005380) | 2.12% | | 8 | Shinhan Financial Group | [055550](https://fundology.uk/stock/055550) | 2.05% | | 9 | Celltrion | [068270](https://fundology.uk/stock/068270) | 1.82% | | 10 | Hana Financial Group | [086790](https://fundology.uk/stock/086790) | 1.81% | All 76 holdings: https://fundology.uk/fund/hkor/holdings ## Questions people ask **What is the ongoing charge of HKOR?** The ongoing charge of HKOR is 0.50% a year — about £50 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 Korea Capped UCITS ETF 0.50% a year. Compared on 14/11/2026, 47 of the 151 other emerging-market share funds charge more, 12 the same and 92 less (share classes counted once). **What does HKOR track?** HKOR tracks the 100% MSCI Korea Capped - USD - Benchmark TR Net. **Is HKOR accumulating or distributing?** HKOR 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 HKOR?** The ISIN of HKOR is IE00B3Z0X395. An ISIN identifies one exact share class of a fund; HKOR is its ticker on the London Stock Exchange. The same share class is also listed as HKOD (London Stock Exchange, US dollars). **What does HKOR hold?** As of 06/11/2026, HKOR holds 76 positions, according to its published holdings. The largest is Samsung Electronics at 27.03% of the fund; the ten largest make up 64.2%. Its ten largest holdings are Samsung Electronics (27.03%), SK hynix (16.21%), SK Square (3.81%), Samsung Electronics (3.69%), KB Financial Group (2.90%), Samsung Electro-Mechanics (2.77%), Hyundai Motor (2.12%), Shinhan Financial Group (2.05%), Celltrion (1.82%) and Hana Financial Group (1.81%). **What were HKOR’s returns in each of the last five years?** Calendar-year returns of HKOR in pounds (price only, income paid out not included): 2022 −20.5%, 2023 +12.2%, 2024 −19.6%, 2025 +83.3%; 2026 to 13/11/2026 +42.1%. Past performance is not a guide to future returns. **How has HKOR done after inflation?** Over the five years to 13/11/2026 HKOR’s total return was +105.9%, or +60.8% 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/ie00b3z0x395) - [Key investor information document (KIID)](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie00b3z0x395/gb/en/kiid) - [Factsheet](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie00b3z0x395/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.