HIDD.L vs. LGUS.L

Last updated Jul 16, 2026

HIDD.L (HSBC MSCI Indonesia UCITS ETF) and LGUS.L (L&G US Equity UCITS ETF) are both Global Equities funds - HIDD.L tracks the HSBC MSCI Indonesia UCITS ETF while LGUS.L tracks the L&G US Equity UCITS ETF. Both are passively managed. Over the past 5 years, HIDD.L returned -7.25%/yr vs 12.82%/yr for LGUS.L. At a 0.38 correlation, their price movements are largely independent. HIDD.L charges 0.50%/yr vs 0.05%/yr for LGUS.L.

Performance

HIDD.L vs. LGUS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HSBC MSCI Indonesia UCITS ETF (HIDD.L) and L&G US Equity UCITS ETF (LGUS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HIDD.L achieves a -36.42% return, which is significantly lower than LGUS.L's 10.34% return.

HIDD.L

• 1D: 1.58%
• 1M: -4.14%
• 6M: -36.79%
• YTD: -36.42%
• 1Y: -35.17%
• 3Y*: -19.87%
• 5Y*: -7.25%
• 10Y*: -4.40%

LGUS.L

• 1D: 0.00%
• 1M: 0.20%
• 6M: 9.90%
• YTD: 10.34%
• 1Y: 21.64%
• 3Y*: 20.40%
• 5Y*: 12.82%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HIDD.L vs. LGUS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
HIDD.L HSBC MSCI Indonesia UCITS ETF	-36.42%	-1.93%	-13.92%	5.16%	3.01%	1.09%	-7.68%	7.53%	6.19%
LGUS.L L&G US Equity UCITS ETF	10.34%	17.98%	25.09%	28.66%	-20.46%	27.91%	21.16%	30.91%	-9.25%

Correlation

The correlation between HIDD.L and LGUS.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018	0.38

The correlation between HIDD.L and LGUS.L shifts across timeframes, from 0.27 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HIDD.L vs. LGUS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HIDD.L

HIDD.L Risk / Return Rank: 1
HIDD.L Sharpe Ratio Rank: 0
HIDD.L Sortino Ratio Rank: 1
HIDD.L Omega Ratio Rank: 1
HIDD.L Calmar Ratio Rank: 3
HIDD.L Martin Ratio Rank: 0

LGUS.L

LGUS.L Risk / Return Rank: 69
LGUS.L Sharpe Ratio Rank: 69
LGUS.L Sortino Ratio Rank: 75
LGUS.L Omega Ratio Rank: 67
LGUS.L Calmar Ratio Rank: 64
LGUS.L Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HIDD.L vs. LGUS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Indonesia UCITS ETF (HIDD.L) and L&G US Equity UCITS ETF (LGUS.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.

	HIDD.L	LGUS.L	Difference
Sharpe ratio: Return per unit of total volatility	-1.23	1.79	-3.02
Sortino ratio: Return per unit of downside risk	-1.83	2.69	-4.52
Omega ratio: Gain probability vs. loss probability	0.78	1.32	-0.54
Calmar ratio: Return relative to maximum drawdown	-0.73	2.59	-3.32
Martin ratio: Return relative to average drawdown	-1.71	9.99	-11.70

HIDD.L vs. LGUS.L - Sharpe Ratio Comparison

The current HIDD.L Sharpe Ratio is -1.23, which is lower than the LGUS.L Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of HIDD.L and LGUS.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HIDD.L vs. LGUS.L - Drawdown Comparison

The maximum HIDD.L drawdown since its inception was -57.94%, which is greater than LGUS.L's maximum drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for HIDD.L and LGUS.L.

Drawdown Indicators

	HIDD.L	LGUS.L	Difference
Max Drawdown Largest peak-to-trough decline	-57.94%	-34.26%	-23.68%
Max Drawdown (1Y) Largest decline over 1 year	-48.39%	-8.58%	-39.81%
Max Drawdown (3Y) Largest decline over 3 years	-57.94%	-19.46%	-38.48%
Max Drawdown (5Y) Largest decline over 5 years	-57.94%	-25.64%	-32.30%
Max Drawdown (10Y) Largest decline over 10 years	-57.94%	—	—
Current Drawdown Current decline from peak	-50.85%	-0.49%	-50.36%
Average Drawdown Average peak-to-trough decline	-17.98%	-5.30%	-12.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.75%	2.23%	+18.52%

Volatility

HIDD.L vs. LGUS.L - Volatility Comparison

HSBC MSCI Indonesia UCITS ETF (HIDD.L) has a higher volatility of 7.64% compared to L&G US Equity UCITS ETF (LGUS.L) at 2.86%. This indicates that HIDD.L's price experiences larger fluctuations and is considered to be riskier than LGUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIDD.L	LGUS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.64%	2.86%	+4.78%
Volatility (6M) Calculated over the trailing 6-month period	25.43%	9.41%	+16.02%
Volatility (1Y) Calculated over the trailing 1-year period	28.76%	12.47%	+16.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.26%	16.51%	+5.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.87%	18.10%	+6.77%

HIDD.L vs. LGUS.L - Expense Ratio Comparison

HIDD.L has a 0.50% expense ratio, which is higher than LGUS.L's 0.05% expense ratio.

Dividends

HIDD.L vs. LGUS.L - Dividend Comparison

HIDD.L's dividend yield for the trailing twelve months is around 5.94%, while LGUS.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HIDD.L HSBC MSCI Indonesia UCITS ETF	5.94%	4.73%	3.52%	3.47%	2.08%	1.30%	1.63%	1.54%	2.69%	1.10%	1.19%	1.67%
LGUS.L L&G US Equity UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HIDD.L and LGUS.L in my portfolio?

HIDD.L and LGUS.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HIDD.L or LGUS.L?

On fees, LGUS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HIDD.L or LGUS.L?

LGUS.L is cheaper with a 0.05% expense ratio, compared with 0.50% for HIDD.L.

What is the main difference between HIDD.L and LGUS.L?

HIDD.L tracks HSBC MSCI Indonesia UCITS ETF, while LGUS.L tracks L&G US Equity UCITS ETF. They also come from different issuers: HSBC and L&G. Their fees differ too: 0.50% for HIDD.L and 0.05% for LGUS.L.