# HSBC ETFs NASDAQ Global Climate Tech UCITS ETF USD Cap Accum- USD (HNCS)

**Page:** https://fundology.uk/fund/hncs · ISIN IE000XC6EVL9

## 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, HNCS (HSBC ETFs NASDAQ Global Climate Tech UCITS ETF USD Cap Accum- USD, ISIN IE000XC6EVL9) closed at £10.72 on the London Stock Exchange. Its ongoing charge is 0.50% a year (about £50 on £10,000). Over the three years to 13/11/2026 its price changed by +45.2%, or +31.1% after UK CPIH inflation.

## Summary

HSBC ETFs NASDAQ Global Climate Tech UCITS ETF USD Cap Accum- USD is an exchange-traded fund (ETF) from HSBC, launched in 2023. It tracks the NASDAQ CTA Global Climate Technology Index - 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 reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Latest close: **£10.72** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | HNCS |
| ISIN | IE000XC6EVL9 |
| Also listed as | HNCT (London Stock Exchange, US dollars), H41V (Xetra, euros) |
| Category | Sustainable & clean energy |
| Type | ETF |
| Provider | HSBC |
| Tracks | NASDAQ CTA Global Climate Technology Index - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 0.50% a year (£50 per £10,000) |
| Fund size | £98.7m |
| Launched | 2023 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2023 |

## 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 | +6.28% | +2.52% | income reinvested |
| 3 years | +45.16% | +31.15% | price only |

Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of HSBC ETFs NASDAQ Global Climate Tech UCITS ETF USD Cap Accum- USD in pounds (price, with income reinvested in the fund): 2024 +7.2%, 2025 +14.7%; 2026 to 13/11/2026 +6.1%. Returns of HSBC ETFs NASDAQ Global Climate Tech UCITS ETF USD Cap Accum- USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +16.1%; to 30/09/2025: +18.4%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2024 | +7.2% | +3.6% | Price |
| 2025 | +14.7% | +10.7% | Price |
| 2026 to 13/11/2026 | +6.1% | +2.7% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 22.12% | -20.03% |
| 3 years | 19.32% | -21.86% |

## Largest fall

Volatility of HSBC ETFs NASDAQ Global Climate Tech UCITS ETF USD Cap Accum- USD in pounds, annualised from weekly returns to 13/11/2026: 22.1% over 1 year, 19.3% over 3 years. Largest fall in the price of HSBC ETFs NASDAQ Global Climate Tech UCITS ETF USD Cap Accum- USD since October 2023, in pounds: −21.9% from 17/01/2025 to 04/04/2025. The lowest 12-month return of HSBC ETFs NASDAQ Global Climate Tech UCITS ETF USD Cap Accum- USD in pounds (price, with income reinvested in the fund) since October 2023 was −9.5% (12 months to 04/04/2025); the highest was +62.7% (12 months to 17/04/2026). On 13/11/2026 the price of HSBC ETFs NASDAQ Global Climate Tech UCITS ETF USD Cap Accum- USD was 18.1% below its highest weekly close since October 2023 (19/06/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of HSBC ETFs NASDAQ Global Climate Tech UCITS ETF USD Cap Accum- USD 0.50% a year. Compared on 14/11/2026, 28 of the 177 other sustainable and clean-energy funds charge more, 3 the same and 146 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.50%** 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, HNCS holds 133 positions, according to its published holdings. The largest is Deere at 6.43% of the fund; the ten largest make up 44.8%.

### Top holdings

Largest positions (as of 06/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Deere | [DE](https://fundology.uk/stock/DE) | 6.43% |
| 2 | Analog Devices | [ADI](https://fundology.uk/stock/ADI) | 4.93% |
| 3 | Eaton | [ETN](https://fundology.uk/stock/ETN) | 4.78% |
| 4 | Tesla | [TSLA](https://fundology.uk/stock/TSLA) | 4.61% |
| 5 | Schneider Electric | [SU](https://fundology.uk/stock/SU) | 4.54% |
| 6 | GE Vernova | [GEV](https://fundology.uk/stock/GEV) | 4.48% |
| 7 | ABB | [ABBN](https://fundology.uk/stock/ABBN) | 4.28% |
| 8 | Johnson Controls International | [JCI](https://fundology.uk/stock/JCI) | 4.16% |
| 9 | Emerson Electric | [EMR](https://fundology.uk/stock/EMR) | 3.45% |
| 10 | Bloom Energy · Class A | [BE](https://fundology.uk/stock/BE) | 3.15% |

## 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 03/11/2026.

| Country | Weight |
|---|---|
| United States | 58.3% |
| Switzerland | 8.1% |
| France | 6.1% |
| Japan | 3.4% |
| Germany | 3.2% |
| China | 3.1% |
| Taiwan | 2.8% |
| Denmark | 2.4% |
| Other countries | 12.5% |
| Not classified | 0.3% |

All 133 holdings: https://fundology.uk/fund/hncs/holdings

## Questions people ask

**What is the ongoing charge of HNCS?**

The ongoing charge of HNCS 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 ETFs NASDAQ Global Climate Tech UCITS ETF USD Cap Accum- USD 0.50% a year. Compared on 14/11/2026, 28 of the 177 other sustainable and clean-energy funds charge more, 3 the same and 146 less (share classes counted once).

**What does HNCS track?**

HNCS tracks the NASDAQ CTA Global Climate Technology Index - Benchmark TR Net.

**Is HNCS accumulating or distributing?**

HNCS 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 HNCS?**

The ISIN of HNCS is IE000XC6EVL9. An ISIN identifies one exact share class of a fund; HNCS is its ticker on the London Stock Exchange. The same share class is also listed as HNCT (London Stock Exchange, US dollars) and H41V (Xetra, euros).

**What does HNCS hold?**

As of 06/11/2026, HNCS holds 133 positions, according to its published holdings. The largest is Deere at 6.43% of the fund; the ten largest make up 44.8%. Its ten largest holdings are Deere (6.43%), Analog Devices (4.93%), Eaton (4.78%), Tesla (4.61%), Schneider Electric (4.54%), GE Vernova (4.48%), ABB (4.28%), Johnson Controls International (4.16%), Emerson Electric (3.45%) and Bloom Energy · Class A (3.15%).

**What were HNCS’s returns in each of the last five years?**

Calendar-year returns of HNCS in pounds (price, with income reinvested in the fund): 2024 +7.2%, 2025 +14.7%; 2026 to 13/11/2026 +6.1%. Past performance is not a guide to future returns.

**How has HNCS done after inflation?**

Over the three years to 13/11/2026 HNCS’s price changed by +45.2%, or +31.1% 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/ie000xc6evl9)
- [Key investor information document (KIID)](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie000xc6evl9/gb/en/kiid)
- [Factsheet](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie000xc6evl9/gb/en/factsheet)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.