HMUD.L vs. XZMD.L

Last updated Jun 4, 2026

HMUD.L (HSBC MSCI USA UCITS ETF) and XZMD.L (Xtrackers MSCI USA ESG UCITS ETF 1D) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from HSBC and Xtrackers respectively. Both are passively managed. Over the past 3 years, HMUD.L returned 20.31%/yr vs 22.39%/yr for XZMD.L. A 0.58 correlation means they provide meaningful diversification when combined. HMUD.L charges 0.30%/yr vs 0.15%/yr for XZMD.L.

Performance

HMUD.L vs. XZMD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HSBC MSCI USA UCITS ETF (HMUD.L) and Xtrackers MSCI USA ESG UCITS ETF 1D (XZMD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with HMUD.L having a 8.09% return and XZMD.L slightly lower at 8.03%.

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%

XZMD.L

• 1D: -0.99%
• 1M: 3.55%
• YTD: 8.03%
• 6M: 8.35%
• 1Y: 26.66%
• 3Y*: 22.39%
• 5Y*: —
• 10Y*: —

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

HMUD.L vs. XZMD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HMUD.L HSBC MSCI USA UCITS ETF	8.09%	13.89%	25.06%	27.46%	-9.16%
XZMD.L Xtrackers MSCI USA ESG UCITS ETF 1D	8.03%	15.91%	26.20%	29.82%	-9.60%

Correlation

The correlation between HMUD.L and XZMD.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (All Time) Calculated using the full available price history since May 3, 2022	0.58

The correlation between HMUD.L and XZMD.L shifts across timeframes, from 0.46 (3 years) to 0.58 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HMUD.L vs. XZMD.L — Risk / Return Rank

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

HMUD.L

HMUD.L Risk / Return Rank: 59
HMUD.L Sharpe Ratio Rank: 57
HMUD.L Sortino Ratio Rank: 64
HMUD.L Omega Ratio Rank: 58
HMUD.L Calmar Ratio Rank: 53
HMUD.L Martin Ratio Rank: 64

XZMD.L

XZMD.L Risk / Return Rank: 94
XZMD.L Sharpe Ratio Rank: 95
XZMD.L Sortino Ratio Rank: 95
XZMD.L Omega Ratio Rank: 94
XZMD.L Calmar Ratio Rank: 94
XZMD.L Martin Ratio Rank: 94

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.

HMUD.L vs. XZMD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI USA UCITS ETF (HMUD.L) and Xtrackers MSCI USA ESG UCITS ETF 1D (XZMD.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	XZMD.L	Difference
Sharpe ratio: Return per unit of total volatility	1.96	3.85	-1.89
Sortino ratio: Return per unit of downside risk	3.00	5.37	-2.37
Omega ratio: Gain probability vs. loss probability	1.36	1.66	-0.31
Calmar ratio: Return relative to maximum drawdown	2.65	7.20	-4.56
Martin ratio: Return relative to average drawdown	11.71	26.12	-14.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HMUD.L vs. XZMD.L - Sharpe Ratio Comparison

The current HMUD.L Sharpe Ratio is 1.96, which is lower than the XZMD.L Sharpe Ratio of 3.85. The chart below compares the historical Sharpe Ratios of HMUD.L and XZMD.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.

Sharpe Ratios by Period

	HMUD.L	XZMD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.96	3.85	-1.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.89	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	1.43	-0.54

Drawdowns

HMUD.L vs. XZMD.L - Drawdown Comparison

The maximum HMUD.L drawdown since its inception was -34.30%, which is greater than XZMD.L's maximum drawdown of -20.62%. Use the drawdown chart below to compare losses from any high point for HMUD.L and XZMD.L.

Drawdown Indicators

	HMUD.L	XZMD.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.30%	-20.62%	-13.68%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	-11.61%	+3.32%
Max Drawdown (3Y) Largest decline over 3 years	-19.47%	-20.62%	+1.15%
Max Drawdown (5Y) Largest decline over 5 years	-25.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.30%	—	—
Current Drawdown Current decline from peak	-0.14%	-1.08%	+0.94%
Average Drawdown Average peak-to-trough decline	-4.05%	-4.84%	+0.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	5.37%	-3.49%

Volatility

HMUD.L vs. XZMD.L - Volatility Comparison

The current volatility for HSBC MSCI USA UCITS ETF (HMUD.L) is 2.80%, while Xtrackers MSCI USA ESG UCITS ETF 1D (XZMD.L) has a volatility of 3.77%. This indicates that HMUD.L experiences smaller price fluctuations and is considered to be less risky than XZMD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HMUD.L	XZMD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.80%	3.77%	-0.97%
Volatility (6M) Calculated over the trailing 6-month period	8.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.23%	21.85%	-10.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.11%	24.29%	-8.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.36%	24.29%	-7.93%

HMUD.L vs. XZMD.L - Expense Ratio Comparison

HMUD.L has a 0.30% expense ratio, which is higher than XZMD.L's 0.15% expense ratio.

Dividends

HMUD.L vs. XZMD.L - Dividend Comparison

HMUD.L's dividend yield for the trailing twelve months is around 0.92%, more than XZMD.L's 0.69% 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%
XZMD.L Xtrackers MSCI USA ESG UCITS ETF 1D	0.69%	0.79%	0.95%	0.95%	0.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HMUD.L and XZMD.L in my portfolio?

HMUD.L and XZMD.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HMUD.L or XZMD.L?

On fees, XZMD.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HMUD.L or XZMD.L?

XZMD.L is cheaper with a 0.15% expense ratio, compared with 0.30% for HMUD.L.

What is the main difference between HMUD.L and XZMD.L?

Both ETFs track Russell 1000 TR USD. They also come from different issuers: HSBC and Xtrackers. Their fees differ too: 0.30% for HMUD.L and 0.15% for XZMD.L.