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HIDR.L vs. VOO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HIDR.L vs. VOO

Last updated Jun 5, 2026

HIDR.L (HSBC MSCI Indonesia UCITS ETF USD) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - HIDR.L is a Asia Pacific Equities fund tracking the MSCI Indonesia NR IDR, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, HIDR.L returned -3.49%/yr vs 16.47%/yr for VOO. At a 0.29 correlation, their price movements are largely independent. HIDR.L charges 0.50%/yr vs 0.03%/yr for VOO.

Performance

HIDR.L vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC MSCI Indonesia UCITS ETF USD (HIDR.L) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

HIDR.L is traded in GBp, while VOO is traded in USD. To make them comparable, the VOO values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, HIDR.L achieves a -39.26% return, which is significantly lower than VOO's 11.79% return. Over the past 10 years, HIDR.L has underperformed VOO with an annualized return of -3.49%, while VOO has yielded a comparatively higher 16.47% annualized return.

HIDR.L

1D
-0.63%
1M
-19.21%
YTD
-39.26%
6M
-40.64%
1Y
-39.99%
3Y*
-23.10%
5Y*
-9.04%
10Y*
-3.49%

VOO

1D
0.00%
1M
4.51%
YTD
11.79%
6M
10.33%
1Y
30.71%
3Y*
19.48%
5Y*
15.22%
10Y*
16.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HIDR.L vs. VOO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HIDR.L
HSBC MSCI Indonesia UCITS ETF USD		-39.26%-8.13%-13.17%-0.80%15.43%2.40%-11.41%4.86%-4.08%12.22%
VOO
Vanguard S&P 500 ETF		9.54%9.43%27.16%20.01%-8.44%30.01%14.85%26.37%1.16%11.24%

Correlation

The correlation between HIDR.L and VOO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.20

Correlation (3Y)
Calculated over the trailing 3-year period

0.17

Correlation (5Y)
Calculated over the trailing 5-year period

0.20

Correlation (10Y)
Calculated over the trailing 10-year period

0.24

Correlation (All Time)
Calculated using the full available price history since Apr 5, 2011

0.29

The correlation between HIDR.L and VOO shifts across timeframes, from 0.17 (3 years) to 0.29 (all time), reflecting how their relationship changes across market environments.

HIDR.L vs. VOO - Sectors Allocation Comparison

Sectors
HIDR.L
VOO

Financial Services

56.9%
11.6%

Basic Materials

12.8%
1.8%

Communication Services

11.6%
11.3%

Industrials

7.9%
8.3%

Consumer Defensive

4.2%
4.9%

Technology

3.4%
35.7%

Energy

1.7%
3.5%

Utilities

1.6%
2.4%

Consumer Cyclical

-

10.2%

Healthcare

-

8.5%

Real Estate

-

1.9%

Financial Services

HIDR.L
56.9%
VOO
11.6%

Basic Materials

HIDR.L
12.8%
VOO
1.8%

Communication Services

HIDR.L
11.6%
VOO
11.3%

Industrials

HIDR.L
7.9%
VOO
8.3%

Consumer Defensive

HIDR.L
4.2%
VOO
4.9%

Technology

HIDR.L
3.4%
VOO
35.7%

Energy

HIDR.L
1.7%
VOO
3.5%

Utilities

HIDR.L
1.6%
VOO
2.4%

Consumer Cyclical

HIDR.L

-

VOO
10.2%

Healthcare

HIDR.L

-

VOO
8.5%

Real Estate

HIDR.L

-

VOO
1.9%

Compare stocks, funds, or ETFs

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HSBC MSCI Indonesia UCITS ETF USD

Vanguard S&P 500 ETF

Often compared with HIDR.L:
HIDR.L vs. XDUS.LHIDR.L vs. IAUHIDR.L vs. SPYHIDR.L vs. HKOR.LHIDR.L vs. CP9U.LHIDR.L vs. CP9G.LHIDR.L vs. HMUD.L
Often compared with VOO:
VOO vs. VTIVOO vs. QQQVOO vs. SCHDVOO vs. VTVOO vs. SPYVOO vs. FXAIXVOO vs. IVV

Return for Risk

HIDR.L vs. VOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HIDR.L
HIDR.L Risk / Return Rank: 00
Overall Rank
HIDR.L Sharpe Ratio Rank: 00
Sharpe Ratio Rank
HIDR.L Sortino Ratio Rank: 00
Sortino Ratio Rank
HIDR.L Omega Ratio Rank: 00
Omega Ratio Rank
HIDR.L Calmar Ratio Rank: 11
Calmar Ratio Rank
HIDR.L Martin Ratio Rank: 00
Martin Ratio Rank
VOO
VOO Risk / Return Rank: 6666
Overall Rank
VOO Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
VOO Sortino Ratio Rank: 6363
Sortino Ratio Rank
VOO Omega Ratio Rank: 6666
Omega Ratio Rank
VOO Calmar Ratio Rank: 6060
Calmar Ratio Rank
VOO Martin Ratio Rank: 7373
Martin Ratio Rank
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.

HIDR.L vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Indonesia UCITS ETF USD (HIDR.L) and Vanguard S&P 500 ETF (VOO). 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.

HIDR.LVOODifference
Sharpe ratioReturn per unit of total volatility
-1.59
2.70

-4.29

Sortino ratioReturn per unit of downside risk
-2.33
3.48

-5.81

Omega ratioGain probability vs. loss probability

0.71

1.51

-0.80

Calmar ratioReturn relative to maximum drawdown

-0.92

4.03

-4.94

Martin ratioReturn relative to average drawdown

-2.56

15.43

-18.00

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIDR.L vs. VOO - Sharpe Ratio Comparison

The current HIDR.L Sharpe Ratio is -1.59, which is lower than the VOO Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of HIDR.L and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

HIDR.LVOODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-1.59

2.70

-4.29

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.45

0.97

-1.42

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.16

0.91

-1.07

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.10

0.95

-1.05

Drawdowns

HIDR.L vs. VOO - Drawdown Comparison

The maximum HIDR.L drawdown since its inception was -58.31%, which is greater than VOO's maximum drawdown of -26.09%. Use the drawdown chart below to compare losses from any high point for HIDR.L and VOO.

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Drawdown Indicators

HIDR.LVOODifference

Max Drawdown

Largest peak-to-trough decline

-58.31%

-26.09%

-32.22%

Max Drawdown (1Y)

Largest decline over 1 year

-42.78%

-7.66%

-35.12%

Max Drawdown (3Y)

Largest decline over 3 years

-54.08%

-21.93%

-32.15%

Max Drawdown (5Y)

Largest decline over 5 years

-58.31%

-21.93%

-36.38%

Max Drawdown (10Y)

Largest decline over 10 years

-58.31%

-26.09%

-32.22%

Current Drawdown

Current decline from peak

-58.31%

0.00%

-58.31%

Average Drawdown

Average peak-to-trough decline

-18.11%

-3.29%

-14.82%

Ulcer Index

Depth and duration of drawdowns from previous peaks

15.35%

1.99%

+13.36%

Volatility

HIDR.L vs. VOO - Volatility Comparison

HSBC MSCI Indonesia UCITS ETF USD (HIDR.L) has a higher volatility of 7.79% compared to Vanguard S&P 500 ETF (VOO) at 2.43%. This indicates that HIDR.L's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HIDR.LVOODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.79%

2.43%

+5.36%

Volatility (6M)

Calculated over the trailing 6-month period

20.56%

8.10%

+12.46%

Volatility (1Y)

Calculated over the trailing 1-year period

24.69%

11.44%

+13.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.00%

15.76%

+4.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.57%

18.09%

+6.48%

HIDR.L vs. VOO - Expense Ratio Comparison

HIDR.L has a 0.50% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

HIDR.L vs. VOO - Dividend Comparison

HIDR.L's dividend yield for the trailing twelve months is around 6.25%, more than VOO's 1.05% yield.

PositionTTM20252024202320222021202020192018201720162015
HIDR.L
HSBC MSCI Indonesia UCITS ETF USD		6.25%4.87%3.49%3.49%2.04%1.27%1.75%1.61%1.50%1.14%1.12%1.59%
VOO
Vanguard S&P 500 ETF		1.05%1.13%1.24%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%

Frequently Asked Questions

HIDR.L and VOO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VOO is cheaper with a 0.03% expense ratio, compared with 0.50% for HIDR.L.

HIDR.L is categorized as Asia Pacific Equities, while VOO is S&P 500. HIDR.L tracks MSCI Indonesia NR IDR, while VOO tracks S&P 500 Index. They also come from different issuers: HSBC and Vanguard. Their fees differ too: 0.50% for HIDR.L and 0.03% for VOO.

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