ESES.L vs. HSUS.L
ESES.L (Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc)) and HSUS.L (HSBC USA Sustainable Equity UCITS ETF USD) are both exchange-traded funds - ESES.L is a Emerging Markets Equities fund tracking the MSCI EM Universal Select Business Screens Index, while HSUS.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, ESES.L returned 6.99%/yr vs 12.40%/yr for HSUS.L. A 0.50 correlation means they provide meaningful diversification when combined. ESES.L charges 0.19%/yr vs 0.12%/yr for HSUS.L.
Performance
ESES.L vs. HSUS.L - Performance Comparison
Loading charts...
Different Trading Currencies
ESES.L is traded in GBp, while HSUS.L is traded in GBP. To make them comparable, the HSUS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, ESES.L achieves a 20.07% return, which is significantly higher than HSUS.L's 12.03% return.
ESES.L
- 1D
- -1.40%
- 1M
- -8.29%
- 6M
- 13.84%
- YTD
- 20.07%
- 1Y
- 35.10%
- 3Y*
- 18.07%
- 5Y*
- 6.99%
- 10Y*
- —
HSUS.L
- 1D
- -0.13%
- 1M
- -1.20%
- 6M
- 11.74%
- YTD
- 12.03%
- 1Y
- 24.57%
- 3Y*
- 17.78%
- 5Y*
- 12.40%
- 10Y*
- —
ESES.L vs. HSUS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ESES.L Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) | 20.07% | 24.05% | 7.54% | 2.94% | -11.14% | 6,848.44% |
HSUS.L HSBC USA Sustainable Equity UCITS ETF USD | 12.03% | 10.79% | 21.80% | 15.11% | -7.73% | 12.76% |
Correlation
The correlation between ESES.L and HSUS.L is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2021 | 0.50 |
The correlation between ESES.L and HSUS.L has been stable across timeframes, ranging from 0.50 to 0.51 - 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
ESES.L vs. HSUS.L — Risk / Return Rank
ESES.L
HSUS.L
ESES.L vs. HSUS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) (ESES.L) and HSBC USA Sustainable Equity UCITS ETF USD (HSUS.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ESES.L | HSUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.41 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 4.34 | -1.10 |
| Martin ratioReturn relative to average drawdown | 9.91 | 14.69 | -4.78 |
Loading charts...
Drawdowns
ESES.L vs. HSUS.L - Drawdown Comparison
The maximum ESES.L drawdown since its inception was -23.59%, roughly equal to the maximum HSUS.L drawdown of -22.75%. Use the drawdown chart below to compare losses from any high point for ESES.L and HSUS.L.
Loading charts...
Drawdown Indicators
| ESES.L | HSUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.59% | -22.75% | -0.84% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -5.63% | -5.16% |
Max Drawdown (3Y)Largest decline over 3 years | -23.59% | -20.93% | -2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -23.59% | -20.93% | -2.66% |
Current DrawdownCurrent decline from peak | -10.05% | -2.69% | -7.36% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -7.57% | -2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 1.67% | +1.86% |
Volatility
ESES.L vs. HSUS.L - Volatility Comparison
Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) (ESES.L) has a higher volatility of 7.19% compared to HSBC USA Sustainable Equity UCITS ETF USD (HSUS.L) at 3.41%. This indicates that ESES.L's price experiences larger fluctuations and is considered to be riskier than HSUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ESES.L | HSUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.19% | 3.41% | +3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 17.05% | 8.46% | +8.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.11% | 11.03% | +8.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.67% | 23.85% | -2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,195.40% | 24.09% | +3,171.31% |
ESES.L vs. HSUS.L - Expense Ratio Comparison
ESES.L has a 0.19% expense ratio, which is higher than HSUS.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ESES.L vs. HSUS.L - Dividend Comparison
Neither ESES.L nor HSUS.L has paid dividends to shareholders.
Frequently Asked Questions
ESES.L and HSUS.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HSUS.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HSUS.L is cheaper with a 0.12% expense ratio, compared with 0.19% for ESES.L.
ESES.L is categorized as Emerging Markets Equities, while HSUS.L is Large Cap Blend Equities. ESES.L tracks MSCI EM Universal Select Business Screens Index, while HSUS.L tracks Russell 1000 TR USD. They also come from different issuers: Invesco and HSBC. Their fees differ too: 0.19% for ESES.L and 0.12% for HSUS.L.
Find the right allocation for ESES.L and HSUS.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