ETF UK HPJSLSEJapan Large-Cap Blend EquityHSBC Investment Funds (Luxembourg) S.A. · Ireland

HSBC MSCI Japan Climate Paris Aligned UCITS ETF (HPJS) ETF Analysis | Japan Large-Cap Blend Equity

£13.55+0.85 (+6.69%) Previous close · LSE

AUM £10.1M

Reward Ratingⓘ54Moderate reward assessment · 28.72% 1Y return

Risk Ratingⓘ49Moderate risk assessment

Educational tool only – Scores are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

Up 28.7% over the past year, reflecting strong price momentum.

Cost Efficiency

Ongoing charge of 0.18% — competitive for the exposure provided.

What is HPJS?

HSBC MSCI Japan Climate Paris Aligned UCITS ETF GBP tracks Morningstar Japan TME NR JPY, providing diversified exposure across 47 holdings. Its ongoing charge is 0.18%.

Performance Highlights

Investment Breakdown

Strong Recent Performance

HPJS delivered 28.7% over the past year. Historical returns only — past performance is not indicative of future results.

Competitive Ongoing Charge

Ongoing charge of 0.18% — reasonable for the index exposure provided.

Moderate Concentration

Top 10 holdings make up 40.6% of the ETF — a moderate level of name concentration.

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Analysis

Performance: Moderate (54)

The scoring profile reflects moderate historical performance, with a 28.7% 1-year return (historical). The ongoing charge of 0.18% is reasonable for this exposure. Risk indicators are moderate, in line with typical market exposure (historical).

For informational and educational purposes only. Not financial advice. Past performance is not indicative of future results.

ETF Information

AUM£10.1M

Ongoing Charge0.18%

Dividend Yield0.00%

Holdings47

Inception DateNov 2021

DomicileIreland

Distribution–

IndexMorningstar Japan TME NR JPY

ProviderHSBC Investment Funds (Luxembourg) S.A.

Beta–

CategoryJapan Large-Cap Blend Equity

CurrencyGBP

Top holdings

Advantest Corp. (6857)6.40%
Fanuc Corporation (6954)4.62%
Chugai Pharmaceutical Co. Ltd. (4519)4.33%
Fast Retailing Co. Ltd. (9983)4.08%
Sumitomo Realty & Development Co. (8830)3.66%
SMC Corp (6273)3.62%
Central Japan Railway Co. (9022)3.61%
Softbank Group Corp. (9984)3.49%
Astellas Pharma Inc. (4503)3.45%
Shionogi & Co. Ltd. (4507)3.32%

Portfolio Impact

How would HPJS affect your portfolio?

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6168

+7 points · better diversified

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Year	HPJS
2026 YTD	+7.8%
2025	+13.2%
2024	-1.6%
2023	+8.9%
2022	-15.8%
CAGR 4yr	+0.6%

Reward Rating Breakdown

Our reward rating analyses HPJS's attractiveness using 4 weighted factors. Each factor is scored 0-100, then combined using the weights shown below. Past performance does not guarantee future results.

Overall Reward Rating

Moderate REWARD

Data Coverage: %

Factor Framework

Performance

Has the ETF delivered strong historical returns versus similar ETFs?

Cost Efficiency

Is the ETF cheap to own over long periods?

Income

Does it provide attractive and consistent distributions?

Diversification Quality

Does it spread exposure across holdings, sectors, and regions?

Performance

Weight: 30%

55/100

Has the ETF delivered strong historical returns versus similar ETFs? Combines 1/3/5/10-year returns with the Sharpe ratio (risk-adjusted return).

1Y Return

28.72%

Very Good

3Y Return

13.57%

Very Good

5Y Return

0.00%

Weak

10Y Return

0.00%

Weak

Sharpe Ratio

—

No Data

Solid historical performance: 1-year return of 28.72%, 3-year annualised 13.57%, 5-year annualised 0.00%. Past performance is not indicative of future results.

Cost Efficiency

Weight: 30%

65/100

Is the ETF cheap to own over long periods? Low ongoing charges compound into meaningful additional returns over a 10-year horizon.

Ongoing Charge

0.18%

Good

Net Expense Ratio

—

No Data

Annual Turnover

—

No Data

Tracking Difference

—

No Data

Reasonable cost profile: ongoing charge of 0.18%.

Income

Weight: 15%

Not applicable

This is an accumulating ETF. It reinvests distributions inside the fund rather than paying cash to unit-holders, so income metrics don't apply. Reward is scored on the other three factors with the 15% income weight redistributed proportionally.

Diversification Quality

Weight: 25%

40/100

Does the ETF spread exposure across many holdings, sectors, and regions? Concentrated funds can be doing exactly what they're meant to do — treat the score as context, not a verdict.

Holdings

Very Weak

Top 10 Concentration

40.59%

Weak

Top Sector

Technology24.7%

Neutral

Top Region

Japan100.0%

Very Weak

Concentrated but typical for its category: 47 holdings, top 10 at 40.6%, Technology sector at 24.7%, Japan at 100.0%.

Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Past performance is not indicative of future results.

Risk Rating Breakdown

Our risk rating analyses HPJS using 4 weighted factors. A higher score indicates higher risk. This is a framework for understanding exposure — concentrated funds can still be doing exactly what they're meant to do.

Overall Risk Rating

Moderate RISK

Data Coverage: 75%

Factor Framework

Holdings Concentration

How much of the fund sits in its largest positions? Few dominant names mean returns ride on those companies.

Market Exposure

Geographic, sector and cyclical dependencies. High single-country or single-sector weight increases macro sensitivity.

Volatility

Historical price movement, beta and drawdowns — how sharply the fund moves relative to the market.

Income Reliability

How dependable the distribution yield is — cyclical-sector dependency and unusually high yields can flag payout risk.

Holdings Concentration

Weight: 25%

48/100

How much of the fund sits in a small number of positions? If the top holdings dominate, returns will be driven by those specific companies rather than the broader index.

Top 10 Weight

40.59%

Moderate

Largest Holding

6.40%

Moderate

Number of Holdings

Elevated

HHI (weight²)

172

Low Risk

Reasonable spread across positions: top 10 holdings at 40.6%, largest single position at 6.40%, 47 total holdings.

Market Exposure

Weight: 25%

68/100

How dependent is the fund on a single country, sector or economic cycle? Heavy exposure to one market means a single macro event can drive most of the return.

Top Region

Japan100.0%

High Risk

Top Sector

Technology24.7%

Moderate

Top 2 Sectors

47.39%

Moderate

Cyclical Sectors

41.02%

Moderate

Notable regional or sector dependency: Japan at 100.0%, Technology sector at 24.7%, 41.0% in cyclical sectors.

Volatility

Weight: 35%

35/100

How sharply does the fund move day-to-day and how deep have its drawdowns been? High volatility means wider return outcomes over short horizons.

1Y Volatility

11.81%

Lower Risk

Beta

—

No Data

Max Drawdown

—

No Data

Moderate volatility in line with broad market: 1Y volatility of 11.81% (historical).

Income Reliability

Weight: 15%

Not applicable

This is an accumulating ETF. Distributions are reinvested inside the fund, so there's no dividend-reliability risk to assess. The 15% income weight is redistributed to the other three factors.

Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Risk scoring is model-based and past data does not guarantee future results.

HSBC MSCI Japan Climate Paris Aligned UCITS ETF (HPJS) ETF Analysis | Japan Large-Cap Blend Equity

Market Performance

Cost Efficiency

What is HPJS?

Performance Highlights

Investment Breakdown

The brief on HSBC MSCI Japan Climate Paris Aligned UCITS ETF

Analysis

How would HPJS affect your portfolio?

Performance Metrics

Annual Returns

Technical Analysis Summary

Reward Rating Breakdown

Performance

Cost Efficiency

Income

Diversification Quality

Risk Rating Breakdown

Holdings Concentration

Market Exposure

Volatility

Income Reliability

HSBC MSCI Japan Climate Paris Aligned UCITS ETF (HPJS) ETF Analysis | Japan Large-Cap Blend Equity

Market Performance

Cost Efficiency

What is HPJS?

Performance Highlights

Investment Breakdown

The brief on HSBC MSCI Japan Climate Paris Aligned UCITS ETF

Analysis

How would HPJS affect your portfolio?

Price & display

Indicators

Date range

Performance Metrics

Annual Returns

Technical Analysis Summary

Reward Rating Breakdown

Risk Rating Breakdown