HMUS.L vs. DGRP.L

Last updated Jun 5, 2026

HMUS.L (HSBC MSCI USA UCITS ETF) and DGRP.L (WisdomTree US Quality Dividend Growth UCITS ETF - USD) are both Large Cap Blend Equities funds - HMUS.L tracks the Russell 1000 TR USD while DGRP.L tracks the WisdomTree U.S. Quality Dividend Growth UCITS Index. Both are passively managed. Over the past 5 years, HMUS.L returned 12.41%/yr vs 12.90%/yr for DGRP.L. Their correlation of 0.81 suggests significant overlap in exposure. HMUS.L charges 0.30%/yr vs 0.33%/yr for DGRP.L.

Performance

HMUS.L vs. DGRP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC MSCI USA UCITS ETF (HMUS.L) and WisdomTree US Quality Dividend Growth UCITS ETF - USD (DGRP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HMUS.L achieves a 8.53% return, which is significantly higher than DGRP.L's 6.78% return.

HMUS.L

• 1D: 0.81%
• 1M: 5.82%
• YTD: 8.53%
• 6M: 8.62%
• 1Y: 22.08%
• 3Y*: 16.28%
• 5Y*: 12.41%
• 10Y*: 14.14%

DGRP.L

• 1D: 0.22%
• 1M: 4.26%
• YTD: 6.78%
• 6M: 6.28%
• 1Y: 21.07%
• 3Y*: 13.46%
• 5Y*: 12.90%
• 10Y*: —

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

HMUS.L vs. DGRP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HMUS.L HSBC MSCI USA UCITS ETF	8.53%	5.24%	25.87%	19.21%	-11.56%	27.15%	15.77%	24.66%	-1.56%	9.13%
DGRP.L WisdomTree US Quality Dividend Growth UCITS ETF - USD	6.78%	5.43%	20.19%	12.25%	2.72%	26.66%	10.26%	25.55%	-1.13%	15.25%

Correlation

The correlation between HMUS.L and DGRP.L is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Nov 9, 2016	0.81

The correlation between HMUS.L and DGRP.L has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.

HMUS.L vs. DGRP.L - Sectors Allocation Comparison

Sectors	HMUS.L	DGRP.L
Technology	38.7%	30.4%
Financial Services	11.2%	10.3%
Communication Services	10.6%	8.4%
Healthcare	9.3%	15.3%
Consumer Cyclical	9.0%	8.2%
Industrials	7.7%	10.9%
Consumer Defensive	4.7%	8.0%
Energy	3.8%	5.2%
Real Estate	1.8%	-
Utilities	1.7%	0.3%
Basic Materials	1.6%	3.1%

Return for Risk

HMUS.L vs. DGRP.L — Risk / Return Rank

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

HMUS.L

HMUS.L Risk / Return Rank: 68
HMUS.L Sharpe Ratio Rank: 68
HMUS.L Sortino Ratio Rank: 66
HMUS.L Omega Ratio Rank: 68
HMUS.L Calmar Ratio Rank: 70
HMUS.L Martin Ratio Rank: 70

DGRP.L

DGRP.L Risk / Return Rank: 72
DGRP.L Sharpe Ratio Rank: 74
DGRP.L Sortino Ratio Rank: 75
DGRP.L Omega Ratio Rank: 73
DGRP.L Calmar Ratio Rank: 70
DGRP.L Martin Ratio Rank: 70

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.

HMUS.L vs. DGRP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI USA UCITS ETF (HMUS.L) and WisdomTree US Quality Dividend Growth UCITS ETF - USD (DGRP.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.

	HMUS.L	DGRP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.19	2.36	-0.17
Sortino ratio: Return per unit of downside risk	3.04	3.30	-0.27
Omega ratio: Gain probability vs. loss probability	1.40	1.43	-0.03
Calmar ratio: Return relative to maximum drawdown	3.43	3.46	-0.03
Martin ratio: Return relative to average drawdown	12.82	12.96	-0.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HMUS.L vs. DGRP.L - Sharpe Ratio Comparison

The current HMUS.L Sharpe Ratio is 2.19, which is comparable to the DGRP.L Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of HMUS.L and DGRP.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

	HMUS.L	DGRP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	2.36	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	1.03	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.98	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.94	-0.01

Drawdowns

HMUS.L vs. DGRP.L - Drawdown Comparison

The maximum HMUS.L drawdown since its inception was -25.78%, which is greater than DGRP.L's maximum drawdown of -22.56%. Use the drawdown chart below to compare losses from any high point for HMUS.L and DGRP.L.

Drawdown Indicators

	HMUS.L	DGRP.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.78%	-22.56%	-3.22%
Max Drawdown (1Y) Largest decline over 1 year	-6.80%	-6.06%	-0.74%
Max Drawdown (3Y) Largest decline over 3 years	-21.87%	-17.76%	-4.11%
Max Drawdown (5Y) Largest decline over 5 years	-21.87%	-17.76%	-4.11%
Max Drawdown (10Y) Largest decline over 10 years	-25.78%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.65%	-2.97%	-0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	1.62%	+0.20%

Volatility

HMUS.L vs. DGRP.L - Volatility Comparison

HSBC MSCI USA UCITS ETF (HMUS.L) has a higher volatility of 2.54% compared to WisdomTree US Quality Dividend Growth UCITS ETF - USD (DGRP.L) at 2.40%. This indicates that HMUS.L's price experiences larger fluctuations and is considered to be riskier than DGRP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HMUS.L	DGRP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.54%	2.40%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	7.37%	6.17%	+1.20%
Volatility (1Y) Calculated over the trailing 1-year period	10.65%	8.88%	+1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.17%	12.55%	+2.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.78%	14.35%	+2.43%

HMUS.L vs. DGRP.L - Expense Ratio Comparison

HMUS.L has a 0.30% expense ratio, which is lower than DGRP.L's 0.33% expense ratio.

Dividends

HMUS.L vs. DGRP.L - Dividend Comparison

HMUS.L's dividend yield for the trailing twelve months is around 0.01%, less than DGRP.L's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRP.L WisdomTree US Quality Dividend Growth UCITS ETF - USD	1.01%	1.10%	1.16%	1.33%	1.47%	1.34%	2.74%	2.32%	1.90%	1.36%	0.00%	0.00%
HMUS.L HSBC MSCI USA UCITS ETF	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%

Frequently Asked Questions

Can I hold both HMUS.L and DGRP.L in my portfolio?

HMUS.L and DGRP.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HMUS.L or DGRP.L?

On fees, HMUS.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HMUS.L or DGRP.L?

HMUS.L is cheaper with a 0.30% expense ratio, compared with 0.33% for DGRP.L.

What is the main difference between HMUS.L and DGRP.L?

HMUS.L tracks Russell 1000 TR USD, while DGRP.L tracks WisdomTree U.S. Quality Dividend Growth UCITS Index. They also come from different issuers: HSBC and WisdomTree. Their fees differ too: 0.30% for HMUS.L and 0.33% for DGRP.L.