HMXJ.L vs. HMUD.L
HMXJ.L (HSBC MSCI Pacific ex Japan UCITS ETF) and HMUD.L (HSBC MSCI USA UCITS ETF) are both exchange-traded funds - HMXJ.L is a Asia Pacific Equities fund tracking the MSCI Pacific Ex Japan NR USD, while HMUD.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 10 years, HMXJ.L returned 8.45%/yr vs 15.45%/yr for HMUD.L. A 0.58 correlation means they provide meaningful diversification when combined. HMXJ.L charges 0.40%/yr vs 0.30%/yr for HMUD.L.
Performance
HMXJ.L vs. HMUD.L - Performance Comparison
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Different Trading Currencies
HMXJ.L is traded in GBp, while HMUD.L is traded in USD. To make them comparable, the HMUD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, HMXJ.L achieves a 8.91% return, which is significantly lower than HMUD.L's 9.40% return. Over the past 10 years, HMXJ.L has underperformed HMUD.L with an annualized return of 8.45%, while HMUD.L has yielded a comparatively higher 15.45% annualized return.
HMXJ.L
- 1D
- -0.47%
- 1M
- 0.55%
- YTD
- 8.91%
- 6M
- 9.65%
- 1Y
- 17.57%
- 3Y*
- 10.62%
- 5Y*
- 6.07%
- 10Y*
- 8.45%
HMUD.L
- 1D
- 0.81%
- 1M
- 5.73%
- YTD
- 9.40%
- 6M
- 8.96%
- 1Y
- 23.25%
- 3Y*
- 17.49%
- 5Y*
- 13.48%
- 10Y*
- 15.45%
HMXJ.L vs. HMUD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HMXJ.L HSBC MSCI Pacific ex Japan UCITS ETF | 8.91% | 12.37% | 6.43% | 0.38% | 5.35% | 5.41% | 3.21% | 13.89% | -5.45% | 14.45% |
HMUD.L HSBC MSCI USA UCITS ETF | 9.40% | 5.78% | 27.24% | 21.09% | -10.74% | 28.57% | 17.17% | 25.51% | -0.13% | 11.05% |
Correlation
The correlation between HMXJ.L and HMUD.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2010 | 0.58 |
The correlation between HMXJ.L and HMUD.L shifts across timeframes, from 0.43 (1 year) to 0.62 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
HMXJ.L vs. HMUD.L — Risk / Return Rank
HMXJ.L
HMUD.L
HMXJ.L vs. HMUD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Pacific ex Japan UCITS ETF (HMXJ.L) and HSBC MSCI USA UCITS ETF (HMUD.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.
| HMXJ.L | HMUD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 3.41 | -0.95 |
| Martin ratioReturn relative to average drawdown | 7.37 | 12.02 | -4.66 |
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
| HMXJ.L | HMUD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 2.04 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.87 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.93 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.95 | -0.53 |
Drawdowns
HMXJ.L vs. HMUD.L - Drawdown Comparison
The maximum HMXJ.L drawdown since its inception was -32.30%, which is greater than HMUD.L's maximum drawdown of -26.43%. Use the drawdown chart below to compare losses from any high point for HMXJ.L and HMUD.L.
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Drawdown Indicators
| HMXJ.L | HMUD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.30% | -26.43% | -5.87% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -6.80% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -17.47% | -21.51% | +4.04% |
Max Drawdown (5Y)Largest decline over 5 years | -17.65% | -21.51% | +3.86% |
Max Drawdown (10Y)Largest decline over 10 years | -32.30% | -26.43% | -5.87% |
Current DrawdownCurrent decline from peak | -2.76% | 0.00% | -2.76% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -3.54% | -3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 1.93% | +0.45% |
Volatility
HMXJ.L vs. HMUD.L - Volatility Comparison
HSBC MSCI Pacific ex Japan UCITS ETF (HMXJ.L) has a higher volatility of 3.58% compared to HSBC MSCI USA UCITS ETF (HMUD.L) at 3.33%. This indicates that HMXJ.L's price experiences larger fluctuations and is considered to be riskier than HMUD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HMXJ.L | HMUD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.58% | 3.33% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 8.32% | 8.31% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.89% | 11.33% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.80% | 15.54% | -1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 16.58% | -0.46% |
HMXJ.L vs. HMUD.L - Expense Ratio Comparison
HMXJ.L has a 0.40% expense ratio, which is higher than HMUD.L's 0.30% expense ratio.
Dividends
HMXJ.L vs. HMUD.L - Dividend Comparison
HMXJ.L's dividend yield for the trailing twelve months is around 3.02%, more than HMUD.L's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMUD.L HSBC MSCI USA UCITS ETF | 0.91% | 0.95% | 0.82% | 0.97% | 1.07% | 0.78% | 1.11% | 1.22% | 1.45% | 1.24% | 1.43% | 1.43% |
HMXJ.L HSBC MSCI Pacific ex Japan UCITS ETF | 3.02% | 3.43% | 3.80% | 4.13% | 3.79% | 2.71% | 3.05% | 3.88% | 3.80% | 3.23% | 3.32% | 4.03% |
Frequently Asked Questions
HMXJ.L and HMUD.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HMUD.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HMUD.L is cheaper with a 0.30% expense ratio, compared with 0.40% for HMXJ.L.
HMXJ.L is categorized as Asia Pacific Equities, while HMUD.L is Large Cap Blend Equities. HMXJ.L tracks MSCI Pacific Ex Japan NR USD, while HMUD.L tracks Russell 1000 TR USD. Their fees differ too: 0.40% for HMXJ.L and 0.30% for HMUD.L.
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