HPAS.L vs. SUUS.L
HPAS.L (HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc) and SUUS.L (iShares MSCI USA SRI UCITS ETF USD (Acc)) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from HSBC and iShares respectively. Both are passively managed. Over the past 3 years, HPAS.L returned 17.97%/yr vs 14.91%/yr for SUUS.L. Their correlation of 0.90 suggests significant overlap in exposure. HPAS.L charges 0.12%/yr vs 0.20%/yr for SUUS.L.
Performance
HPAS.L vs. SUUS.L - Performance Comparison
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Different Trading Currencies
HPAS.L is traded in GBP, while SUUS.L is traded in GBp. To make them comparable, the SUUS.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 10.62% return, which is significantly lower than SUUS.L's 13.97% return.
HPAS.L
- 1D
- -0.13%
- 1M
- 9.13%
- YTD
- 10.62%
- 6M
- 10.58%
- 1Y
- 27.36%
- 3Y*
- 17.97%
- 5Y*
- —
- 10Y*
- —
SUUS.L
- 1D
- 0.28%
- 1M
- 7.44%
- YTD
- 13.97%
- 6M
- 14.23%
- 1Y
- 25.58%
- 3Y*
- 14.91%
- 5Y*
- 12.38%
- 10Y*
- —
HPAS.L vs. SUUS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HPAS.L HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc | 10.62% | 5.65% | 26.90% | 22.43% | -14.66% | 11.67% |
SUUS.L iShares MSCI USA SRI UCITS ETF USD (Acc) | 13.97% | 3.44% | 15.85% | 17.58% | -8.97% | 15.79% |
Correlation
The correlation between HPAS.L and SUUS.L is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2021 | 0.90 |
The correlation between HPAS.L and SUUS.L has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.
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Return for Risk
HPAS.L vs. SUUS.L — Risk / Return Rank
HPAS.L
SUUS.L
HPAS.L vs. SUUS.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 iShares MSCI USA SRI UCITS ETF USD (Acc) (SUUS.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 | SUUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.40 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 3.53 | -1.36 |
| Martin ratioReturn relative to average drawdown | 6.24 | 12.05 | -5.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HPAS.L | SUUS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.25 | 2.21 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.95 | -0.19 |
Drawdowns
HPAS.L vs. SUUS.L - Drawdown Comparison
The maximum HPAS.L drawdown since its inception was -23.23%, smaller than the maximum SUUS.L drawdown of -24.56%. Use the drawdown chart below to compare losses from any high point for HPAS.L and SUUS.L.
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Drawdown Indicators
| HPAS.L | SUUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.23% | -24.56% | +1.33% |
Max Drawdown (1Y)Largest decline over 1 year | -12.57% | -7.22% | -5.35% |
Max Drawdown (3Y)Largest decline over 3 years | -23.23% | -21.62% | -1.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.62% | — |
Current DrawdownCurrent decline from peak | -0.13% | 0.00% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -6.00% | -3.54% | -2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 2.12% | +2.26% |
Volatility
HPAS.L vs. SUUS.L - Volatility Comparison
The current volatility for HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc (HPAS.L) is 3.25%, while iShares MSCI USA SRI UCITS ETF USD (Acc) (SUUS.L) has a volatility of 3.60%. This indicates that HPAS.L experiences smaller price fluctuations and is considered to be less risky than SUUS.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 | SUUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 3.60% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 8.55% | 8.46% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 11.62% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.73% | 14.61% | +1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.73% | 15.69% | +0.04% |
HPAS.L vs. SUUS.L - Expense Ratio Comparison
HPAS.L has a 0.12% expense ratio, which is lower than SUUS.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
HPAS.L vs. SUUS.L - Dividend Comparison
Neither HPAS.L nor SUUS.L has paid dividends to shareholders.
Frequently Asked Questions
HPAS.L and SUUS.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HPAS.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HPAS.L is cheaper with a 0.12% expense ratio, compared with 0.20% for SUUS.L.
Both ETFs track Russell 1000 TR USD. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.12% for HPAS.L and 0.20% for SUUS.L.
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