HPAS.L vs. CAPS.L
Compare and contrast key facts about HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc (HPAS.L) and First Trust Capital Strength UCITS ETF Acc (CAPS.L).
HPAS.L and CAPS.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. CAPS.L is a passively managed fund by First Trust that tracks the performance of the Russell 1000 TR USD. It was launched on Dec 17, 2019. Both HPAS.L and CAPS.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. CAPS.L - Performance Comparison
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HPAS.L vs. CAPS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HPAS.L HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc | -6.96% | 5.65% | 26.90% | 22.43% | -14.66% | 11.67% |
CAPS.L First Trust Capital Strength UCITS ETF Acc | 1.07% | -0.65% | 12.99% | 2.23% | 0.10% | 12.15% |
Different Trading Currencies
HPAS.L is traded in GBP, while CAPS.L is traded in GBp. To make them comparable, the CAPS.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 CAPS.L's 1.07% return.
HPAS.L
- 1D
- 1.83%
- 1M
- -2.28%
- YTD
- -6.96%
- 6M
- -4.22%
- 1Y
- 10.20%
- 3Y*
- 13.08%
- 5Y*
- —
- 10Y*
- —
CAPS.L
- 1D
- 0.03%
- 1M
- -5.45%
- YTD
- 1.07%
- 6M
- 1.25%
- 1Y
- 1.25%
- 3Y*
- 7.18%
- 5Y*
- —
- 10Y*
- —
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HPAS.L vs. CAPS.L - Expense Ratio Comparison
HPAS.L has a 0.12% expense ratio, which is lower than CAPS.L's 0.60% expense ratio.
Return for Risk
HPAS.L vs. CAPS.L — Risk / Return Rank
HPAS.L
CAPS.L
HPAS.L vs. CAPS.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 First Trust Capital Strength UCITS ETF Acc (CAPS.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.L | CAPS.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 0.10 | +0.52 |
Sortino ratioReturn per unit of downside risk | 0.95 | 0.22 | +0.73 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.03 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.81 | 0.25 | +0.56 |
Martin ratioReturn relative to average drawdown | 2.42 | 0.67 | +1.75 |
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
| HPAS.L | CAPS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.10 | +0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.36 | +0.17 |
Correlation
The correlation between HPAS.L and CAPS.L is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HPAS.L vs. CAPS.L - Dividend Comparison
Neither HPAS.L nor CAPS.L has paid dividends to shareholders.
Drawdowns
HPAS.L vs. CAPS.L - Drawdown Comparison
The maximum HPAS.L drawdown since its inception was -23.23%, roughly equal to the maximum CAPS.L drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for HPAS.L and CAPS.L.
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Drawdown Indicators
| HPAS.L | CAPS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.23% | -22.86% | -0.37% |
Max Drawdown (1Y)Largest decline over 1 year | -12.57% | -7.66% | -4.91% |
Current DrawdownCurrent decline from peak | -9.58% | -15.11% | +5.53% |
Average DrawdownAverage peak-to-trough decline | -6.12% | -10.02% | +3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.21% | 2.39% | +1.82% |
Volatility
HPAS.L vs. CAPS.L - Volatility Comparison
HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc (HPAS.L) has a higher volatility of 4.06% compared to First Trust Capital Strength UCITS ETF Acc (CAPS.L) at 2.87%. This indicates that HPAS.L's price experiences larger fluctuations and is considered to be riskier than CAPS.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.L | CAPS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 2.87% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 9.35% | 6.73% | +2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.59% | 12.44% | +4.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.83% | 19.49% | -3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.83% | 19.49% | -3.66% |