BBUS.L vs. HPAS.L
BBUS.L (BetaBuilders US Equity UCITS USD Acc) and HPAS.L (HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from JPMorgan and HSBC respectively. Both are passively managed. Over the past 3 years, BBUS.L returned 22.24%/yr vs 20.75%/yr for HPAS.L. Their correlation of 0.92 suggests significant overlap in exposure. BBUS.L charges 0.04%/yr vs 0.12%/yr for HPAS.L.
Performance
BBUS.L vs. HPAS.L - Performance Comparison
Loading charts...
Different Trading Currencies
BBUS.L is traded in USD, while HPAS.L is traded in GBP. To make them comparable, the HPAS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with BBUS.L having a 10.13% return and HPAS.L slightly higher at 10.39%.
BBUS.L
- 1D
- 0.07%
- 1M
- 4.56%
- YTD
- 10.13%
- 6M
- 10.79%
- 1Y
- 27.37%
- 3Y*
- 22.24%
- 5Y*
- 13.29%
- 10Y*
- —
HPAS.L
- 1D
- 0.08%
- 1M
- 8.02%
- YTD
- 10.39%
- 6M
- 11.19%
- 1Y
- 26.14%
- 3Y*
- 20.75%
- 5Y*
- —
- 10Y*
- —
BBUS.L vs. HPAS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BBUS.L BetaBuilders US Equity UCITS USD Acc | 10.13% | 17.54% | 24.99% | 27.63% | -19.96% | 7.81% |
HPAS.L HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc | 10.39% | 13.62% | 24.79% | 28.89% | -23.78% | 8.81% |
Correlation
The correlation between BBUS.L and HPAS.L is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2021 | 0.92 |
The correlation between BBUS.L and HPAS.L has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BBUS.L vs. HPAS.L — Risk / Return Rank
BBUS.L
HPAS.L
BBUS.L vs. HPAS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaBuilders US Equity UCITS USD Acc (BBUS.L) and HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc (HPAS.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BBUS.L | HPAS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.37 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 2.20 | +0.96 |
| Martin ratioReturn relative to average drawdown | 13.61 | 8.06 | +5.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BBUS.L | HPAS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.35 | 2.06 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.66 | +0.24 |
Drawdowns
BBUS.L vs. HPAS.L - Drawdown Comparison
The maximum BBUS.L drawdown since its inception was -34.26%, which is greater than HPAS.L's maximum drawdown of -29.47%. Use the drawdown chart below to compare losses from any high point for BBUS.L and HPAS.L.
Loading charts...
Drawdown Indicators
| BBUS.L | HPAS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.26% | -29.47% | -4.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.62% | -11.83% | +3.21% |
Max Drawdown (3Y)Largest decline over 3 years | -19.35% | -21.38% | +2.03% |
Max Drawdown (5Y)Largest decline over 5 years | -25.33% | — | — |
Current DrawdownCurrent decline from peak | -0.46% | -0.41% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -8.01% | +2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 3.24% | -1.23% |
Volatility
BBUS.L vs. HPAS.L - Volatility Comparison
BetaBuilders US Equity UCITS USD Acc (BBUS.L) and HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc (HPAS.L) have volatilities of 3.23% and 3.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BBUS.L | HPAS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 3.17% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 8.55% | 9.26% | -0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.59% | 12.63% | -1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.10% | 17.11% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 17.11% | +0.75% |
BBUS.L vs. HPAS.L - Expense Ratio Comparison
BBUS.L has a 0.04% expense ratio, which is lower than HPAS.L's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BBUS.L vs. HPAS.L - Dividend Comparison
Neither BBUS.L nor HPAS.L has paid dividends to shareholders.
Frequently Asked Questions
BBUS.L and HPAS.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BBUS.L is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBUS.L is cheaper with a 0.04% expense ratio, compared with 0.12% for HPAS.L.
Both ETFs track Russell 1000 TR USD. They also come from different issuers: JPMorgan and HSBC. Their fees differ too: 0.04% for BBUS.L and 0.12% for HPAS.L.
Find the right allocation for BBUS.L and HPAS.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer