HSBC Business Cycles Fund — rolling returns

What is a rolling return?

A rolling return measures what you would actually have earned by investing on any given day and holding for a fixed number of years. Instead of quoting one figure from a single convenient start date, it repeats that calculation for every start date in the fund's history — 715 separate one-year windows for this fund. The gap between the best and the worst of those windows shows how much your entry date mattered.

Common questions about HSBC Business Cycles Fund

What is the 1-year rolling return of HSBC Business Cycles Fund?

Across 715 overlapping 1-year holding periods between 28 November 2022 and 16 October 2026, the Direct plan of HSBC Business Cycles Fund returned an average of 20.60% a year, with a median of 9.63%. The best 1-year stretch returned 59.33% a year and the worst returned -8.09%.

Has HSBC Business Cycles Fund ever lost money over 1 years?

Yes. 18.9% of the 715 1-year holding periods in this fund's history ended below zero. The worst returned -8.09% a year, for someone who invested on 11 June 2025 and sold on 11 June 2026.

What is the difference between the Direct and Regular plans of HSBC Business Cycles Fund?

Both plans hold the same portfolio. The Regular plan pays a commission to the distributor who sold it, deducted from the NAV every year, so it returns less. Over the same period, 1-year rolling returns averaged 20.60% a year on the Direct plan against 19.28% on the Regular plan, a difference of 1.32% a year.

What is the 3-year rolling return of HSBC Business Cycles Fund?

HSBC Business Cycles Fund has 224 windows at the 3-year holding period, because its NAV record begins on 28 November 2022. Those windows all start within a few months of each other and cover nearly the same stretch of market, so an average across them describes one period rather than a range of conditions. The figures are in the table above, next to the window count they were computed from.