What this ETF is trying to do

The HSBH ETF is designed to provide investors with exposure to HSBC Holdings PLC. Based on its holdings, it is very focused, with 97.69% of its assets in HSBC Holdings PLC ADR and 2.31% in a cash management fund.

What the numbers show

As of October 9, 2026, the current price of the ETF is $104.33.

There are two ways to look at the returns:

• Price Return: This measures only the change in the share price. The one-year price return is 39.28%, and the year-to-date (YTD) price return is 20.72%.

• Total Return: This reflects the overall return, including distributions. The one-year total return is 42.70%, and the YTD total return is 23.69%.

To put the one-year price return into perspective, the estimated price from roughly one year ago was $74.91. If an investor had put $10,000 into the ETF at that estimated price, the value of those shares alone would have grown to approximately $13,927.70 based on the one-year price return.

Income and distribution explanation

This ETF pays out cash distributions to investors. The distribution yield is approximately 2.40%. Over the last 12 months, there were 2 payouts. The distribution frequency is described as irregular or less frequent.

It is important for beginners to remember that a distribution yield is not the same as a total return. While distributions provide cash income, they do not guarantee that the original investment (the principal) will stay the same or grow.

NAV erosion explanation

"NAV erosion" happens when the net asset value of a fund declines over time, which can eat away at an investor's principal.

For this ETF, the erosion score is 100, and the erosion severity is labeled as "good." The data indicates that no price erosion was detected, and the severe erosion-risk flag is false.

Pros

• Strong Recent Growth: The ETF has shown significant price and total returns over the last year and so far this year.

• Low Erosion Risk: The erosion-risk measurements suggest the fund has maintained its value well.

• High Income Grade: It has an income rating grade of "A."

Cons

• Concentration Risk: Because nearly all of the fund is in one company (HSBC), it is not diversified.

• Irregular Income: The distributions do not follow a strict, frequent schedule.

Beginner takeaway

HSBH is a focused ETF that tracks a specific company. While it has seen strong price growth and provides some cash income, it lacks diversification. Investors should remember that high yields or past returns do not guarantee future results.