HMXD.L vs. CP9U.L

Last updated Jun 5, 2026

HMXD.L (HSBC MSCI Pacific ex Japan UCITS ETF) and CP9U.L (Amundi MSCI Pacific ex Japan UCITS DR) are both Asia Pacific Equities funds tracking the MSCI Pacific Ex Japan NR USD, from HSBC and Amundi respectively. Both are passively managed. Over the past 5 years, HMXD.L returned 4.91%/yr vs 0.78%/yr for CP9U.L. At a 0.47 correlation, their price movements are largely independent. HMXD.L charges 0.40%/yr vs 0.35%/yr for CP9U.L.

Performance

HMXD.L vs. CP9U.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HSBC MSCI Pacific ex Japan UCITS ETF (HMXD.L) and Amundi MSCI Pacific ex Japan UCITS DR (CP9U.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HMXD.L achieves a 8.48% return, which is significantly higher than CP9U.L's 1.91% return.

HMXD.L

• 1D: -0.92%
• 1M: -0.51%
• YTD: 8.48%
• 6M: 10.08%
• 1Y: 16.27%
• 3Y*: 13.45%
• 5Y*: 4.91%
• 10Y*: 7.96%

CP9U.L

• 1D: -0.60%
• 1M: -4.41%
• YTD: 1.91%
• 6M: 2.27%
• 1Y: 3.21%
• 3Y*: 5.39%
• 5Y*: 0.78%
• 10Y*: —

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

HMXD.L vs. CP9U.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HMXD.L HSBC MSCI Pacific ex Japan UCITS ETF	8.48%	20.24%	5.29%	6.26%	-4.99%	2.80%	6.72%	3.53%
CP9U.L Amundi MSCI Pacific ex Japan UCITS DR	1.91%	12.86%	-0.05%	5.20%	-12.47%	7.60%	1.98%	8.52%

Correlation

The correlation between HMXD.L and CP9U.L is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Aug 7, 2019	0.47

Over the past year, HMXD.L and CP9U.L have become more correlated (0.88) than their long-term average of 0.47, meaning their price movements have been converging.

HMXD.L vs. CP9U.L - Sectors Allocation Comparison

Sectors	HMXD.L	CP9U.L
Financial Services	44.3%	48.0%
Basic Materials	15.6%	10.4%
Industrials	8.8%	11.3%
Real Estate	7.8%	12.3%
Consumer Cyclical	6.0%	3.9%
Healthcare	3.6%	4.7%
Energy	3.3%	-
Utilities	3.1%	1.6%
Consumer Defensive	2.9%	3.1%
Communication Services	2.7%	2.5%
Technology	1.0%	2.2%

Return for Risk

HMXD.L vs. CP9U.L — Risk / Return Rank

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

HMXD.L

HMXD.L Risk / Return Rank: 37
HMXD.L Sharpe Ratio Rank: 34
HMXD.L Sortino Ratio Rank: 38
HMXD.L Omega Ratio Rank: 34
HMXD.L Calmar Ratio Rank: 41
HMXD.L Martin Ratio Rank: 39

CP9U.L

CP9U.L Risk / Return Rank: 13
CP9U.L Sharpe Ratio Rank: 12
CP9U.L Sortino Ratio Rank: 12
CP9U.L Omega Ratio Rank: 12
CP9U.L Calmar Ratio Rank: 13
CP9U.L Martin Ratio Rank: 14

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.

HMXD.L vs. CP9U.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Pacific ex Japan UCITS ETF (HMXD.L) and Amundi MSCI Pacific ex Japan UCITS DR (CP9U.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.

	HMXD.L	CP9U.L	Difference
Sharpe ratio: Return per unit of total volatility	1.21	0.23	+0.98
Sortino ratio: Return per unit of downside risk	1.92	0.45	+1.47
Omega ratio: Gain probability vs. loss probability	1.22	1.05	+0.17
Calmar ratio: Return relative to maximum drawdown	1.96	0.37	+1.59
Martin ratio: Return relative to average drawdown	6.00	1.01	+4.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HMXD.L vs. CP9U.L - Sharpe Ratio Comparison

The current HMXD.L Sharpe Ratio is 1.21, which is higher than the CP9U.L Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of HMXD.L and CP9U.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

	HMXD.L	CP9U.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.21	0.23	+0.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.06	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.27	+0.17

Drawdowns

HMXD.L vs. CP9U.L - Drawdown Comparison

The maximum HMXD.L drawdown since its inception was -38.10%, roughly equal to the maximum CP9U.L drawdown of -38.03%. Use the drawdown chart below to compare losses from any high point for HMXD.L and CP9U.L.

Drawdown Indicators

	HMXD.L	CP9U.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.10%	-38.03%	-0.07%
Max Drawdown (1Y) Largest decline over 1 year	-8.59%	-8.58%	-0.01%
Max Drawdown (3Y) Largest decline over 3 years	-18.93%	-19.04%	+0.11%
Max Drawdown (5Y) Largest decline over 5 years	-24.73%	-25.90%	+1.17%
Max Drawdown (10Y) Largest decline over 10 years	-38.10%	—	—
Current Drawdown Current decline from peak	-3.35%	-6.97%	+3.62%
Average Drawdown Average peak-to-trough decline	-7.91%	-7.24%	-0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	3.18%	-0.42%

Volatility

HMXD.L vs. CP9U.L - Volatility Comparison

HSBC MSCI Pacific ex Japan UCITS ETF (HMXD.L) and Amundi MSCI Pacific ex Japan UCITS DR (CP9U.L) have volatilities of 4.66% and 4.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HMXD.L	CP9U.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.66%	4.56%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	10.99%	11.21%	-0.22%
Volatility (1Y) Calculated over the trailing 1-year period	13.98%	13.92%	+0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.97%	21.99%	-2.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.23%	27.12%	-4.89%

HMXD.L vs. CP9U.L - Expense Ratio Comparison

HMXD.L has a 0.40% expense ratio, which is higher than CP9U.L's 0.35% expense ratio.

Dividends

HMXD.L vs. CP9U.L - Dividend Comparison

HMXD.L's dividend yield for the trailing twelve months is around 3.05%, while CP9U.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CP9U.L Amundi MSCI Pacific ex Japan UCITS DR	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HMXD.L HSBC MSCI Pacific ex Japan UCITS ETF	3.05%	3.30%	3.86%	4.09%	4.06%	2.81%	2.85%	3.74%	4.15%	3.09%	3.62%	4.31%

Frequently Asked Questions

Can I hold both HMXD.L and CP9U.L in my portfolio?

HMXD.L and CP9U.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HMXD.L or CP9U.L?

On fees, CP9U.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HMXD.L or CP9U.L?

CP9U.L is cheaper with a 0.35% expense ratio, compared with 0.40% for HMXD.L.

What is the main difference between HMXD.L and CP9U.L?

Both ETFs track MSCI Pacific Ex Japan NR USD. They also come from different issuers: HSBC and Amundi. Their fees differ too: 0.40% for HMXD.L and 0.35% for CP9U.L.