# HSBC MSCI World Climate Paris Aligned UCITS ETF AccumUSD (HPAO) **Page:** https://fundology.uk/fund/hpao · ISIN IE00BP2C1V62 ## 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, HPAO (HSBC MSCI World Climate Paris Aligned UCITS ETF AccumUSD, ISIN IE00BP2C1V62) closed at £28.51 on the London Stock Exchange. Its ongoing charge is 0.18% a year (about £18 on £10,000). Over the five years to 13/11/2026 its price changed by +49.4%, or +16.6% after UK CPIH inflation. ## Summary HSBC MSCI World Climate Paris Aligned UCITS ETF AccumUSD 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 0.18% a year — about £18 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: **£28.51** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | HPAO | | ISIN | IE00BP2C1V62 | | Also listed as | HPAW (London Stock Exchange, US dollars) | | Category | Sustainable & clean energy | | Type | ETF | | Provider | HSBC | | Tracks | MSCI ACWI Climate Paris Aligned Index | | Income | Accumulating | | Ongoing charge | 0.18% a year (£18 per £10,000) | | Fund size | £281m | | Launched | 2021 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 07/08/2021 | ## 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 | +7.11% | +3.32% | income reinvested | | 3 years | +54.42% | +39.52% | income reinvested | | 5 years | +49.35% | +16.58% | 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 MSCI World Climate Paris Aligned UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund): 2022 −12.4%, 2023 +18.9%, 2024 +21.5%, 2025 +8.3%; 2026 to 13/11/2026 +9.1%. Returns of HSBC MSCI World Climate Paris Aligned UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +11.6%; to 30/09/2025: +14.9%; to 30/09/2024: +22.4%; to 30/09/2023: +9.0%; to 30/09/2022: −3.6%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -12.4% | -19.8% | Price | | 2023 | +18.9% | +14.1% | Price | | 2024 | +21.5% | +17.3% | Price | | 2025 | +8.3% | +4.6% | Price | | 2026 to 13/11/2026 | +9.1% | +5.6% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 11.59% | -9.09% | | 3 years | 11.88% | -16.57% | | 5 years | 13.01% | -17.41% | ## Largest fall Volatility of HSBC MSCI World Climate Paris Aligned UCITS ETF AccumUSD in pounds, annualised from weekly returns to 13/11/2026: 11.6% over 1 year, 11.9% over 3 years, 13.0% over 5 years. Largest fall in the price of HSBC MSCI World Climate Paris Aligned UCITS ETF AccumUSD since November 2021, in pounds: −17.4% from 10/12/2021 to 17/06/2022. The lowest 12-month return of HSBC MSCI World Climate Paris Aligned UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) since July 2021 was −12.4% (12 months to 30/12/2022); the highest was +30.9% (12 months to 25/10/2024). On 13/11/2026 the price of HSBC MSCI World Climate Paris Aligned UCITS ETF AccumUSD was 1.8% below its highest weekly close since November 2021 (09/10/2026), in pounds. ## Charges compared with similar funds Ongoing charge of HSBC MSCI World Climate Paris Aligned UCITS ETF AccumUSD 0.18% a year. Compared on 14/11/2026, 144 of the 177 other sustainable and clean-energy funds charge more, 13 the same and 20 less (share classes counted once). ## 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 | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | HSBC MSCI EUROPE CLIMATE PARIS ALIGNED UCITS ETF AccumEUR | 0.15% | +9.1% | +47.5% | +32.2% | | HSBC MSCI World Climate Paris Aligned UCITS ETF AccumUSD (this fund) | 0.18% | +7.1% | +54.4% | — | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.18%** 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, HPAO holds 408 positions, according to its published holdings. The largest is NVIDIA at 6.49% of the fund; the ten largest make up 31.3%. ### Top holdings Largest positions (as of 06/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 6.49% | | 2 | Apple | [AAPL](https://fundology.uk/stock/AAPL) | 6.34% | | 3 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 4.90% | | 4 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 2.96% | | 5 | Alphabet · Class C | [GOOG](https://fundology.uk/stock/GOOG) | 2.41% | | 6 | Tesla | [TSLA](https://fundology.uk/stock/TSLA) | 1.81% | | 7 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 1.66% | | 8 | Meta Platforms · Class A | [META](https://fundology.uk/stock/META) | 1.63% | | 9 | Eli Lilly | [LLY](https://fundology.uk/stock/LLY) | 1.56% | | 10 | Equinix | [EQIX](https://fundology.uk/stock/EQIX) | 1.51% | ## 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 06/11/2026. | Country | Weight | |---|---| | United States | 70.9% | | Canada | 5.2% | | Japan | 3.5% | | Switzerland | 3.3% | | United Kingdom | 2.7% | | France | 2.4% | | Australia | 1.8% | | Netherlands | 1.6% | | Other countries | 8.0% | | Not classified | 0.5% | All 408 holdings: https://fundology.uk/fund/hpao/holdings ## Questions people ask **What is the ongoing charge of HPAO?** The ongoing charge of HPAO is 0.18% a year — about £18 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 World Climate Paris Aligned UCITS ETF AccumUSD 0.18% a year. Compared on 14/11/2026, 144 of the 177 other sustainable and clean-energy funds charge more, 13 the same and 20 less (share classes counted once). **What does HPAO track?** HPAO tracks the MSCI ACWI Climate Paris Aligned Index — large and medium-sized companies across developed and emerging markets. **Is HPAO accumulating or distributing?** HPAO 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 HPAO?** The ISIN of HPAO is IE00BP2C1V62. An ISIN identifies one exact share class of a fund; HPAO is its ticker on the London Stock Exchange. The same share class is also listed as HPAW (London Stock Exchange, US dollars). **What does HPAO hold?** As of 06/11/2026, HPAO holds 408 positions, according to its published holdings. The largest is NVIDIA at 6.49% of the fund; the ten largest make up 31.3%. Its ten largest holdings are NVIDIA (6.49%), Apple (6.34%), Microsoft (4.90%), Amazon (2.96%), Alphabet · Class C (2.41%), Tesla (1.81%), Broadcom (1.66%), Meta Platforms · Class A (1.63%), Eli Lilly (1.56%) and Equinix (1.51%). **What were HPAO’s returns in each of the last five years?** Calendar-year returns of HPAO in pounds (price, with income reinvested in the fund): 2022 −12.4%, 2023 +18.9%, 2024 +21.5%, 2025 +8.3%; 2026 to 13/11/2026 +9.1%. Past performance is not a guide to future returns. **How has HPAO done after inflation?** Over the five years to 13/11/2026 HPAO’s price changed by +49.4%, or +16.6% 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/ie00bp2c1v62) - [Key investor information document (KIID)](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie00bp2c1v62/gb/en/kiid) - [Factsheet](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie00bp2c1v62/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.