HMUD.L vs. ISDU.L
HMUD.L (HSBC MSCI USA UCITS ETF) and ISDU.L (iShares MSCI USA Islamic UCITS ETF) are both Large Cap Blend Equities funds - HMUD.L tracks the Russell 1000 TR USD while ISDU.L tracks the MSCI USA Islamic Index. Both are passively managed. Over the past 10 years, HMUD.L returned 14.60%/yr vs 12.60%/yr for ISDU.L. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.
Performance
HMUD.L vs. ISDU.L - Performance Comparison
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Returns By Period
In the year-to-date period, HMUD.L achieves a 8.09% return, which is significantly lower than ISDU.L's 23.62% return. Over the past 10 years, HMUD.L has outperformed ISDU.L with an annualized return of 14.60%, while ISDU.L has yielded a comparatively lower 12.60% annualized return.
HMUD.L
- 1D
- 0.04%
- 1M
- 3.54%
- YTD
- 8.09%
- 6M
- 9.05%
- 1Y
- 22.04%
- 3Y*
- 20.31%
- 5Y*
- 12.09%
- 10Y*
- 14.60%
ISDU.L
- 1D
- 0.83%
- 1M
- 13.22%
- YTD
- 23.62%
- 6M
- 24.88%
- 1Y
- 42.22%
- 3Y*
- 20.40%
- 5Y*
- 14.50%
- 10Y*
- 12.60%
HMUD.L vs. ISDU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HMUD.L HSBC MSCI USA UCITS ETF | 8.09% | 13.89% | 25.06% | 27.46% | -20.22% | 27.36% | 20.72% | 30.48% | -5.72% | 21.56% |
ISDU.L iShares MSCI USA Islamic UCITS ETF | 23.62% | 16.32% | 9.36% | 25.84% | -11.90% | 29.59% | 6.85% | 20.62% | -6.04% | 14.03% |
Correlation
The correlation between HMUD.L and ISDU.L is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2010 | 0.83 |
The correlation between HMUD.L and ISDU.L shifts across timeframes, from 0.79 (1 year) to 0.91 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
HMUD.L vs. ISDU.L — Risk / Return Rank
HMUD.L
ISDU.L
HMUD.L vs. ISDU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI USA UCITS ETF (HMUD.L) and iShares MSCI USA Islamic UCITS ETF (ISDU.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.
| HMUD.L | ISDU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.56 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 6.09 | -3.44 |
| Martin ratioReturn relative to average drawdown | 11.71 | 20.40 | -8.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HMUD.L | ISDU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 3.24 | -1.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.90 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.78 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.66 | +0.23 |
Drawdowns
HMUD.L vs. ISDU.L - Drawdown Comparison
The maximum HMUD.L drawdown since its inception was -34.30%, smaller than the maximum ISDU.L drawdown of -37.79%. Use the drawdown chart below to compare losses from any high point for HMUD.L and ISDU.L.
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Drawdown Indicators
| HMUD.L | ISDU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.30% | -37.79% | +3.49% |
Max Drawdown (1Y)Largest decline over 1 year | -8.29% | -6.90% | -1.39% |
Max Drawdown (3Y)Largest decline over 3 years | -19.47% | -21.98% | +2.51% |
Max Drawdown (5Y)Largest decline over 5 years | -25.47% | -21.98% | -3.49% |
Max Drawdown (10Y)Largest decline over 10 years | -34.30% | -33.01% | -1.29% |
Current DrawdownCurrent decline from peak | -0.14% | 0.00% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -4.20% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 2.06% | -0.18% |
Volatility
HMUD.L vs. ISDU.L - Volatility Comparison
The current volatility for HSBC MSCI USA UCITS ETF (HMUD.L) is 2.80%, while iShares MSCI USA Islamic UCITS ETF (ISDU.L) has a volatility of 5.02%. This indicates that HMUD.L experiences smaller price fluctuations and is considered to be less risky than ISDU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HMUD.L | ISDU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 5.02% | -2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 9.93% | -1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.23% | 13.05% | -1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 16.17% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.36% | 16.18% | +0.18% |
HMUD.L vs. ISDU.L - Expense Ratio Comparison
Both HMUD.L and ISDU.L have an expense ratio of 0.30%.
Dividends
HMUD.L vs. ISDU.L - Dividend Comparison
HMUD.L's dividend yield for the trailing twelve months is around 0.92%, more than ISDU.L's 0.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMUD.L HSBC MSCI USA UCITS ETF | 0.92% | 0.95% | 0.82% | 0.97% | 1.07% | 0.78% | 1.11% | 1.22% | 1.45% | 1.24% | 1.43% | 1.43% |
ISDU.L iShares MSCI USA Islamic UCITS ETF | 0.61% | 0.74% | 0.90% | 1.10% | 1.52% | 1.01% | 1.39% | 1.37% | 1.49% | 1.38% | 1.34% | 1.43% |
Frequently Asked Questions
HMUD.L and ISDU.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
HMUD.L and ISDU.L have the same expense ratio: 0.30% per year.
HMUD.L tracks Russell 1000 TR USD, while ISDU.L tracks MSCI USA Islamic Index. They also come from different issuers: HSBC and iShares.
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