"HSBC MSCI USA Climate Paris Aligned UCITS ETF" is an exchange-traded investment fund (ETF). It refers to the MSCI USA Climate Paris-Aligned Index. This index reflects the development of stocks . The ETF replicates its index using full physical replication, so it contains all the securities of its reference index. The ETF's earnings (dividends) are automatically reinvested (accumulated). The fund company HSBC ETF claims a total expense ratio (TER) of 0.12% per year. The yearly average divergence from the index performance (Tracking Difference) since 2022 was -0.10% per year. Therefore, the ETF was less expensive than the TER suggests and even exceeded the index performance.