HPAS.L vs. HSUS.L
Compare and contrast key facts about HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc (HPAS.L) and HSBC USA Sustainable Equity UCITS ETF USD (HSUS.L).
HPAS.L and HSUS.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. HSUS.L is a passively managed fund by HSBC that tracks the performance of the Russell 1000 TR USD. It was launched on Jun 4, 2020. Both HPAS.L and HSUS.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HPAS.L or HSUS.L.
Key characteristics
| HPAS.L | HSUS.L | |
|---|---|---|
| YTD Return | 13.87% | 11.29% |
| 1Y Return | 21.38% | 16.54% |
| 3Y Return (Ann) | 9.08% | 8.95% |
| Sharpe Ratio | 1.68 | 1.51 |
| Daily Std Dev | 12.32% | 10.64% |
| Max Drawdown | -21.12% | -14.54% |
| Current Drawdown | -1.38% | -1.35% |
Correlation
The correlation between HPAS.L and HSUS.L is 0.97, 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.
Performance
HPAS.L vs. HSUS.L - Performance Comparison
In the year-to-date period, HPAS.L achieves a 13.87% return, which is significantly higher than HSUS.L's 11.29% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HPAS.L vs. HSUS.L - Expense Ratio Comparison
Both HPAS.L and HSUS.L have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
HPAS.L vs. HSUS.L - Risk-Adjusted Performance 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 HSBC USA Sustainable Equity UCITS ETF USD (HSUS.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.
Dividends
HPAS.L vs. HSUS.L - Dividend Comparison
Neither HPAS.L nor HSUS.L has paid dividends to shareholders.
Drawdowns
HPAS.L vs. HSUS.L - Drawdown Comparison
The maximum HPAS.L drawdown since its inception was -21.12%, which is greater than HSUS.L's maximum drawdown of -14.54%. Use the drawdown chart below to compare losses from any high point for HPAS.L and HSUS.L. For additional features, visit the drawdowns tool.
Volatility
HPAS.L vs. HSUS.L - Volatility Comparison
HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc (HPAS.L) has a higher volatility of 4.42% compared to HSBC USA Sustainable Equity UCITS ETF USD (HSUS.L) at 4.18%. This indicates that HPAS.L's price experiences larger fluctuations and is considered to be riskier than HSUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.