ETF · HSBC
HPAE HSBC MSCI EUROPE CLIMATE PARIS ALIGNED UCITS ETF AccumEUR
ISIN IE00BP2C0316London Stock Exchange: HPAEHSBC Holdings Plc
- Sustainable & clean energy
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE£24.78
on
- Ongoing charge
- 0.15% a year
- Fund size
- £31.9m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, HPAE (HSBC MSCI EUROPE CLIMATE PARIS ALIGNED UCITS ETF AccumEUR, ISIN IE00BP2C0316) closed at £24.78 on the London Stock Exchange. Its ongoing charge is 0.15% a year (about £15 on £10,000). Over the five years to 13/11/2026 its total return was +32.2%, or +3.2% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +9.1%
- +5.2% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +47.5%
- +33.3% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +32.2%
- +3.2% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,322 on 13/11/2026 — about £1,032 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
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 MSCI EUROPE CLIMATE PARIS ALIGNED UCITS ETF AccumEUR in pounds (price, with income reinvested in the fund): 2022 −7.8%, 2023 +14.7%, 2024 +2.4%, 2025 +21.5%; 2026 to 13/11/2026 +8.2%. Returns of HSBC MSCI EUROPE CLIMATE PARIS ALIGNED UCITS ETF AccumEUR in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +8.3%; to 30/09/2025: +11.9%; to 30/09/2024: +17.8%; to 30/09/2023: +16.7%; to 30/09/2022: −10.9%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +8.2% | +4.8% | |
| to | +21.5% | +17.3% | |
| to | +2.4% | −1.1% | |
| +14.7% | +10.1% | ||
| −7.8% | −15.6% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +8.3% | +4.4% |
| from | +11.9% | +7.5% |
| from | +17.8% | +14.8% |
| from | +16.7% | +9.7% |
| from | −10.9% | −18.1% |
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)
14.0%over 5 years
| 1 year | 14.2% |
|---|---|
| 3 years | 12.6% |
| 5 years | 14.0% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −17.5%
- From to
- Lowest 12-month return
- −13.5%
- 12 months to
- Highest 12-month return
- +24.8%
- 12 months to
- Below its highest weekly close since November 2021
- 1.5%
- High of , latest
In words: Volatility of HSBC MSCI EUROPE CLIMATE PARIS ALIGNED UCITS ETF AccumEUR in pounds, annualised from weekly returns to 13/11/2026: 14.2% over 1 year, 12.6% over 3 years, 14.0% over 5 years. Largest fall in the price of HSBC MSCI EUROPE CLIMATE PARIS ALIGNED UCITS ETF AccumEUR since November 2021, in pounds: −17.5% from 31/12/2021 to 14/10/2022. The lowest 12-month return of HSBC MSCI EUROPE CLIMATE PARIS ALIGNED UCITS ETF AccumEUR in pounds (price, with income reinvested in the fund) since August 2021 was −13.5% (12 months to 14/10/2022); the highest was +24.8% (12 months to 17/04/2026). On 13/11/2026 the price of HSBC MSCI EUROPE CLIMATE PARIS ALIGNED UCITS ETF AccumEUR was 1.5% below its highest weekly close since November 2021 (07/08/2026), 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
- 0.15%
- a year
- On £10,000
- £15
- a year, roughly
- Over five years
- £75
- of £10,000, before growth
- 8 charge less
- 7 the same
- 162 charge more
Ongoing charge of HSBC MSCI EUROPE CLIMATE PARIS ALIGNED UCITS ETF AccumEUR 0.15% a year. Compared on 14/11/2026, 162 of the 177 other sustainable and clean-energy funds charge more, 7 the same and 8 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 MSCI EUROPE CLIMATE PARIS ALIGNED UCITS ETF AccumEUR is an exchange-traded fund (ETF) from HSBC, launched in 2021.
It tracks the MSCI ACWI Climate Paris Aligned Index — large and medium-sized companies across developed and emerging markets.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.15% a year — about £15 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.
Sustainable & clean energy: Funds that screen companies on environmental, social or governance grounds, or focus on clean energy.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- HPAE
- ISIN
- IE00BP2C0316
- Provider
- HSBC
- 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
- 0.15% a year · about £15 on £10,000
- Fund size
- £31.9m
- 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
- Sustainable & clean energy
Price chart
Over the last year, the closing price went from £22.53 on 14/11/2025 to £24.78 on 13/11/2026 (+10.0%). The lowest close shown was £21.73 on 20/03/2026 and the highest £25.14 on 07/08/2026.
One close a week. Before 10/09/2026 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
261 weekly closes, from 12/11/2021 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
- 249
- on record
- Ten largest
- 21.8%
- of the whole fund
- Effective number of holdings
- 102
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 4.4%
- ASML
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | ASMLASMLNetherlands | 4.36% |
| 2 | RocheROSwitzerland | 2.66% |
| 3 | NovartisNOVNSwitzerland | 2.46% |
| 4 | AstraZenecaAZNUnited Kingdom | 2.42% |
| 5 | HSBCHSBAUnited Kingdom | 2.08% |
| 6 | SAPSAPGermany | 1.89% |
| 7 | AllianzALVGermany | 1.56% |
| 8 | SiemensSIEGermany | 1.52% |
| 9 | Schneider ElectricSUFrance | 1.45% |
| 10 | ABBABBNSwitzerland | 1.44% |
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
- Switzerland18.2%
- United Kingdom17.7%
- France12.8%
- Germany11.0%
- Netherlands7.8%
- Spain6.3%
- Sweden6.0%
- Italy5.1%
- Other countries13.9%
- Not classified1.2%
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 249 holdings; the ten largest make up 21.8% 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. 97.2% of it is classified by sector; bonds, cash and positions that cannot be matched are left out rather than guessed.
- Finance28.5%
- Health Technology16.4%
- Producer Manufacturing9.1%
- Electronic Technology8.1%
- Consumer Non-Durables7.7%
- Utilities7.2%
- Technology Services4.5%
- Industrial Services3.0%
- Other classified sectors12.7%
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
2 funds track MSCI ACWI Climate Paris Aligned Index, this one included and share classes counted once; their ongoing charges range from 0.15% to 0.18% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| HSBC MSCI EUROPE CLIMATE PARIS ALIGNED UCITS ETF AccumEURThis fundAccumulating · 0.15% a year | 0.15% | +9.1% | +47.5% | +32.2% |
| HSBC MSCI World Climate Paris Aligned UCITS ETF AccumUSDAccumulating · 0.18% a year | 0.18% | +7.1% | +54.4% | Not reported |
As of
MSCI ACWI Climate Paris Aligned 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, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 223 rolling 12-month returns since August 2021, and of 119 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, 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 Europe UCITS ETF EUR (Acc), over the three years to 13/11/2026 (127 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 HPAE?
The ongoing charge of HPAE is 0.15% a year — about £15 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 EUROPE CLIMATE PARIS ALIGNED UCITS ETF AccumEUR 0.15% a year. Compared on 14/11/2026, 162 of the 177 other sustainable and clean-energy funds charge more, 7 the same and 8 less (share classes counted once).
What does HPAE track?
HPAE tracks the MSCI ACWI Climate Paris Aligned Index — large and medium-sized companies across developed and emerging markets.
Is HPAE accumulating or distributing?
HPAE 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 HPAE?
The ISIN of HPAE is IE00BP2C0316. An ISIN identifies one exact share class of a fund; HPAE is its ticker on the London Stock Exchange.
What does HPAE hold?
As of 06/11/2026, HPAE holds 249 positions, according to its published holdings. The largest is ASML at 4.36% of the fund; the ten largest make up 21.8%. Its ten largest holdings are ASML (4.36%), Roche (2.66%), Novartis (2.46%), AstraZeneca (2.42%), HSBC (2.08%), SAP (1.89%), Allianz (1.56%), Siemens (1.52%), Schneider Electric (1.45%) and ABB (1.44%).
What were HPAE’s returns in each of the last five years?
Calendar-year returns of HPAE in pounds (price, with income reinvested in the fund): 2022 −7.8%, 2023 +14.7%, 2024 +2.4%, 2025 +21.5%; 2026 to 13/11/2026 +8.2%. Past performance is not a guide to future returns.
How has HPAE done after inflation?
Over the five years to 13/11/2026 HPAE’s total return was +32.2%, or +3.2% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- XESUXtrackers MSCI USA ESG UCITS ETF0.15% a year · £6.8bn
- SUSWiShares MSCI World SRI UCITS ETF Acc0.20% a year · £6.1bn
- XESWXtrackers MSCI World ESG UCITS ETF0.22% a year · £4.2bn
- UC44UBS ETF - MSCI World Socially Responsible UCITS ETF A Distribution0.20% a year · £3.7bn
- WESGAmundi MSCI World SRI Climate Paris Aligned UCITS ETF Accum EUR0.19% a year · £3.1bn
- IESGiShares MSCI Europe SRI UCITS ETF0.20% a year · £2.6bn
- SUUSiShares MSCI USA SRI UCITS ETF0.20% a year · £2.5bn
- PABGAmundi S&P Eurozone Climate Paris Aligned UCITS ETF Capitalisation0.28% a year · £2.4bn
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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