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HPAS.L vs. BBDD.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

HPAS.L vs. BBDD.L

Last updated Apr 2, 2026

Compare and contrast key facts about HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc (HPAS.L) and JPMorgan BetaBuilders US Equity UCITS ETF (Dist) (BBDD.L).

HPAS.L and BBDD.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HPAS.L is a passively managed fund by HSBC that tracks the performance of the Russell 1000 TR USD. It was launched on Aug 3, 2021. BBDD.L is a passively managed fund by JPMorgan that tracks the performance of the Russell 1000 TR USD. It was launched on Apr 3, 2019. Both HPAS.L and BBDD.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

HPAS.L vs. BBDD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc (HPAS.L) and JPMorgan BetaBuilders US Equity UCITS ETF (Dist) (BBDD.L). The values are adjusted to include any dividend payments, if applicable.

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HPAS.L vs. BBDD.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
HPAS.L
HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc		-6.96%5.65%26.90%22.43%-14.66%11.67%
BBDD.L
JPMorgan BetaBuilders US Equity UCITS ETF (Dist)		-3.43%9.41%27.20%20.72%-10.45%11.14%
Different Trading Currencies

HPAS.L is traded in GBP, while BBDD.L is traded in GBp. To make them comparable, the BBDD.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, HPAS.L achieves a -6.96% return, which is significantly lower than BBDD.L's -3.43% return.

HPAS.L

1D
1.83%
1M
-2.28%
YTD
-6.96%
6M
-4.22%
1Y
10.20%
3Y*
13.08%
5Y*
—
10Y*
—

BBDD.L

1D
1.60%
1M
-3.22%
YTD
-3.43%
6M
-0.36%
1Y
14.56%
3Y*
15.83%
5Y*
12.14%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc

JPMorgan BetaBuilders US Equity UCITS ETF (Dist)

Often compared with HPAS.L:
HPAS.L vs. HSUS.LHPAS.L vs. HSPX.LHPAS.L vs. MVEA.LHPAS.L vs. BBSU.LHPAS.L vs. HNSS.LHPAS.L vs. CAPS.LHPAS.L vs. HIUS.L
Often compared with BBDD.L:
BBDD.L vs. XBBBBDD.L vs. XCCCBBDD.L vs. BBBSBBDD.L vs. BBBLBBDD.L vs. XEMDBBDD.L vs. JPSC.DEBBDD.L vs. BBUS.DE

HPAS.L vs. BBDD.L - Expense Ratio Comparison

HPAS.L has a 0.12% expense ratio, which is higher than BBDD.L's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

HPAS.L
HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc
BBDD.L
JPMorgan BetaBuilders US Equity UCITS ETF (Dist)

Return for Risk

HPAS.L vs. BBDD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HPAS.L
HPAS.L Risk / Return Rank: 2929
Overall Rank
HPAS.L Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
HPAS.L Sortino Ratio Rank: 3030
Sortino Ratio Rank
HPAS.L Omega Ratio Rank: 3030
Omega Ratio Rank
HPAS.L Calmar Ratio Rank: 2929
Calmar Ratio Rank
HPAS.L Martin Ratio Rank: 2727
Martin Ratio Rank
BBDD.L
BBDD.L Risk / Return Rank: 5555
Overall Rank
BBDD.L Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
BBDD.L Sortino Ratio Rank: 4848
Sortino Ratio Rank
BBDD.L Omega Ratio Rank: 5050
Omega Ratio Rank
BBDD.L Calmar Ratio Rank: 6868
Calmar Ratio Rank
BBDD.L Martin Ratio Rank: 5959
Martin Ratio Rank
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.

HPAS.L vs. BBDD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc (HPAS.L) and JPMorgan BetaBuilders US Equity UCITS ETF (Dist) (BBDD.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.

HPAS.LBBDD.LDifference

Sharpe ratio

Return per unit of total volatility

0.62

0.94

-0.32

Sortino ratio

Return per unit of downside risk

0.95

1.37

-0.41

Omega ratio

Gain probability vs. loss probability

1.13

1.20

-0.07

Calmar ratio

Return relative to maximum drawdown

0.81

1.85

-1.04

Martin ratio

Return relative to average drawdown

2.42

6.24

-3.82

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HPAS.L vs. BBDD.L - Sharpe Ratio Comparison

The current HPAS.L Sharpe Ratio is 0.62, which is lower than the BBDD.L Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of HPAS.L and BBDD.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

HPAS.LBBDD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.62

0.94

-0.32

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.84

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.84

-0.31

Correlation

The correlation between HPAS.L and BBDD.L is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

HPAS.L vs. BBDD.L - Dividend Comparison

HPAS.L has not paid dividends to shareholders, while BBDD.L's dividend yield for the trailing twelve months is around 1.24%.

TTM2025202420232022202120202019
HPAS.L
HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
BBDD.L
JPMorgan BetaBuilders US Equity UCITS ETF (Dist)		1.24%1.12%0.99%1.31%1.44%0.94%1.46%0.79%

Drawdowns

HPAS.L vs. BBDD.L - Drawdown Comparison

The maximum HPAS.L drawdown since its inception was -23.23%, smaller than the maximum BBDD.L drawdown of -25.72%. Use the drawdown chart below to compare losses from any high point for HPAS.L and BBDD.L.

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Drawdown Indicators

HPAS.LBBDD.LDifference

Max Drawdown

Largest peak-to-trough decline

-23.23%

-25.72%

+2.49%

Max Drawdown (1Y)

Largest decline over 1 year

-12.57%

-10.75%

-1.82%

Max Drawdown (5Y)

Largest decline over 5 years

—

-21.41%

—

Current Drawdown

Current decline from peak

-9.58%

-5.40%

-4.18%

Average Drawdown

Average peak-to-trough decline

-6.12%

-3.79%

-2.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.21%

2.31%

+1.90%

Volatility

HPAS.L vs. BBDD.L - Volatility Comparison

HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc (HPAS.L) has a higher volatility of 4.06% compared to JPMorgan BetaBuilders US Equity UCITS ETF (Dist) (BBDD.L) at 3.78%. This indicates that HPAS.L's price experiences larger fluctuations and is considered to be riskier than BBDD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HPAS.LBBDD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.06%

3.78%

+0.28%

Volatility (6M)

Calculated over the trailing 6-month period

9.35%

8.41%

+0.94%

Volatility (1Y)

Calculated over the trailing 1-year period

16.59%

15.52%

+1.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.83%

14.54%

+1.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.83%

16.29%

-0.46%