# HSBC Plus World Equity Quant Active UCITS ETF (HQWS) **Page:** https://fundology.uk/fund/hqws · ISIN IE000ZURGSV2 ## 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, HQWS (HSBC Plus World Equity Quant Active UCITS ETF, ISIN IE000ZURGSV2) closed at £9.68 on the London Stock Exchange. Its ongoing charge is 0.20% a year (about £20 on £10,000). Over the year to 13/11/2026 its total return was +13.1%, or +9.1% after UK CPIH inflation. ## Summary HSBC Plus World Equity Quant Active UCITS ETF is an exchange-traded fund (ETF) from HSBC, launched in 2025. It tracks the No Underlying Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.2% a year — about £20 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: **£9.68** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | HQWS | | ISIN | IE000ZURGSV2 | | Also listed as | HQWA (London Stock Exchange, US dollars), H416 (Xetra, euros) | | Category | Global shares | | Type | ETF | | Provider | HSBC | | Income | Accumulating | | Ongoing charge | 0.20% a year (£20 per £10,000) | | Fund size | £739m | | Launched | 2025 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 24/02/2025 | ## 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 | +13.09% | +9.08% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of HSBC Plus World Equity Quant Active UCITS ETF in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +12.2%. Returns of HSBC Plus World Equity Quant Active UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +17.4%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2026 to 13/11/2026 | +12.2% | +8.6% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 10.46% | -6.33% | ## Largest fall Volatility of HSBC Plus World Equity Quant Active UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 10.5% over 1 year. Largest fall in the price of HSBC Plus World Equity Quant Active UCITS ETF since June 2025, in pounds: −6.3% from 27/02/2026 to 27/03/2026. On 13/11/2026 the price of HSBC Plus World Equity Quant Active UCITS ETF was 2.6% below its highest weekly close since June 2025 (09/10/2026), in pounds. ## Charges compared with similar funds Ongoing charge of HSBC Plus World Equity Quant Active UCITS ETF 0.20% a year. Compared on 14/11/2026, 135 of the 207 other global share funds charge more, 17 the same and 55 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.20%** 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, HQWS holds 652 positions, according to its published holdings. The largest is Apple at 5.88% of the fund; the ten largest make up 26.9%. ### Top holdings Largest positions (as of 06/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Apple | [AAPL](https://fundology.uk/stock/AAPL) | 5.88% | | 2 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 5.06% | | 3 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 4.46% | | 4 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 2.72% | | 5 | Alphabet · Class A | [GOOGL](https://fundology.uk/stock/GOOGL) | 2.00% | | 6 | Alphabet · Class C | [GOOG](https://fundology.uk/stock/GOOG) | 1.61% | | 7 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 1.53% | | 8 | Meta Platforms · Class A | [META](https://fundology.uk/stock/META) | 1.48% | | 9 | Eli Lilly | [LLY](https://fundology.uk/stock/LLY) | 1.11% | | 10 | Tesla | [TSLA](https://fundology.uk/stock/TSLA) | 1.03% | ## 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 | 71.7% | | Japan | 5.1% | | Canada | 4.3% | | United Kingdom | 3.1% | | Switzerland | 2.5% | | Australia | 1.8% | | France | 1.7% | | Germany | 1.5% | | Other countries | 8.0% | | Not classified | 0.3% | The 647 holdings on record (of 652 reported): https://fundology.uk/fund/hqws/holdings ## Questions people ask **What is the ongoing charge of HQWS?** The ongoing charge of HQWS is 0.20% a year — about £20 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 Plus World Equity Quant Active UCITS ETF 0.20% a year. Compared on 14/11/2026, 135 of the 207 other global share funds charge more, 17 the same and 55 less (share classes counted once). **Is HQWS accumulating or distributing?** HQWS 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 HQWS?** The ISIN of HQWS is IE000ZURGSV2. An ISIN identifies one exact share class of a fund; HQWS is its ticker on the London Stock Exchange. The same share class is also listed as HQWA (London Stock Exchange, US dollars) and H416 (Xetra, euros). **What does HQWS hold?** As of 06/11/2026, HQWS holds 652 positions, according to its published holdings. The largest is Apple at 5.88% of the fund; the ten largest make up 26.9%. Its ten largest holdings are Apple (5.88%), NVIDIA (5.06%), Microsoft (4.46%), Amazon (2.72%), Alphabet · Class A (2.00%), Alphabet · Class C (1.61%), Broadcom (1.53%), Meta Platforms · Class A (1.48%), Eli Lilly (1.11%) and Tesla (1.03%). **What were HQWS’s returns in each of the last five years?** Calendar-year returns of HQWS in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +12.2%. Past performance is not a guide to future returns. **How has HQWS done after inflation?** Over the year to 13/11/2026 HQWS’s total return was +13.1%, or +9.1% 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/ie000zurgsv2) - [Key investor information document (KIID)](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie000zurgsv2/gb/en/kiid) - [Factsheet](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie000zurgsv2/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.