Fidelity vs HSBC
Both providers track indices, so neither "performs" better than the other — what separates them is cost, range and which markets they actually cover. Fidelity has 10 products in this catalog and HSBC has 6, overlapping in 3 categories. Fidelity offers the cheapest fund in 2 of those 3 categories.
Fidelity
- Products
- 10
- Lowest TER
- 0.06%
- Average TER
- 0.61%
- Categories
- 8
HSBC
- Products
- 6
- Lowest TER
- 0.09%
- Average TER
- 0.16%
- Categories
- 3
Which one is cheaper, and where
Fidelity offers the cheapest fund in 2 of the 3 categories both cover.
The cheapest fund from each, category by category
Each provider’s lowest-fee product within every shared category, head to head. The index each one tracks is shown too, because two funds in the same category do not always track the same thing.
| Category | Fidelity | HSBC | Difference |
|---|---|---|---|
| Emerging | Fidelity MSCI Emerging Markets Index Fund P-ACC-EURMSCI Emerging Markets0.19% | HSBC MSCI Emerging MarketsMSCI Emerging Markets0.15% | €4/year per €10,000 |
| USA | Fidelity S&P 500 Index Fund P-ACC-EURS&P 5000.06% | HSBC S&P 500S&P 5000.09% | €3/year per €10,000 |
| Global | Fidelity MSCI World Index Fund P-ACC-EURMSCI World0.12% | HSBC FTSE All-WorldFTSE All-World0.13% | €1/year per €10,000 |
What each one covers
Only at Fidelity
Only at HSBC
—
Structural differences
Fidelity
- Accumulating
- 80%
- Physical replication
- 100%
- Are ETFs
- 20%
- Domicile
- Ireland, Luxembourg
HSBC
- Accumulating
- 83%
- Physical replication
- 100%
- Are ETFs
- 83%
- Domicile
- Ireland, United Kingdom
Other provider comparisons
Frequently asked questions
Is Fidelity or HSBC cheaper?+
Fidelity offers the cheapest fund in 2 of the 3 categories both cover, against 1 for HSBC. But "cheaper overall" is the wrong question: what matters is which is cheaper in the category you are actually buying.
Where is the difference between Fidelity and HSBC biggest?+
In emerging markets: Fidelity MSCI Emerging Markets Index Fund P-ACC-EUR charges 0.19% against 0.15% for HSBC MSCI Emerging Markets. On €10,000 invested that is a €4.00 difference every year, in favour of HSBC.
Which one has the wider range?+
Fidelity, with 10 products against 6. Coverage is not identical either: Fidelity covers European equities, the Japanese market, high-dividend companies, sustainable (ESG) criteria, the technology sector where HSBC does not.
Are there structural differences beyond fees?+
Yes. Fidelity's products in this catalog are 80% accumulating and 100% physically replicated, domiciled in Ireland, Luxembourg. HSBC's are 83% accumulating and 100% physical, domiciled in Ireland, United Kingdom. For a Spanish investor the accumulating/distributing split matters for tax, and domicile matters for dividend withholding.
Does this comparison look at past performance?+
No, deliberately. Two funds tracking the same index deliver almost identical returns before fees, so comparing their past returns tells you about the index, not about the provider. The fee is the part the provider actually controls, and the only one you know for certain the day you invest.
Cost and coverage comparison computed over this site’s catalog, which is a sample and not each provider’s full product range. Returns are not compared: two funds tracking the same index perform almost identically before fees, so past performance tells you about the index, not the provider. Educational content, not a recommendation.