HPAS.L vs. UC95.L
HPAS.L (HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc) and UC95.L (UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from HSBC and UBS respectively. Both are passively managed. Over the past 3 years, HPAS.L returned 17.97%/yr vs 6.22%/yr for UC95.L. A 0.53 correlation means they provide meaningful diversification when combined. HPAS.L charges 0.12%/yr vs 0.25%/yr for UC95.L.
Performance
HPAS.L vs. UC95.L - Performance Comparison
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Different Trading Currencies
HPAS.L is traded in GBP, while UC95.L is traded in GBp. To make them comparable, the UC95.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 higher than UC95.L's -0.25% return.
HPAS.L
- 1D
- -0.13%
- 1M
- 9.13%
- YTD
- 10.62%
- 6M
- 10.58%
- 1Y
- 27.36%
- 3Y*
- 17.97%
- 5Y*
- —
- 10Y*
- —
UC95.L
- 1D
- 1.02%
- 1M
- -1.27%
- YTD
- -0.25%
- 6M
- -0.10%
- 1Y
- 0.97%
- 3Y*
- 6.22%
- 5Y*
- 6.97%
- 10Y*
- 9.91%
HPAS.L vs. UC95.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% |
UC95.L UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis | -0.25% | -0.82% | 15.46% | 0.42% | 4.20% | 11.47% |
Correlation
The correlation between HPAS.L and UC95.L is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2021 | 0.53 |
Over the past year, the correlation between HPAS.L and UC95.L has dropped to 0.06 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
HPAS.L vs. UC95.L — Risk / Return Rank
HPAS.L
UC95.L
HPAS.L vs. UC95.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 UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis (UC95.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 | UC95.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.02 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 0.11 | +2.06 |
| Martin ratioReturn relative to average drawdown | 6.24 | 0.30 | +5.94 |
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 | UC95.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.25 | 0.10 | +2.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.59 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.71 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.80 | -0.03 |
Drawdowns
HPAS.L vs. UC95.L - Drawdown Comparison
The maximum HPAS.L drawdown since its inception was -23.23%, smaller than the maximum UC95.L drawdown of -28.11%. Use the drawdown chart below to compare losses from any high point for HPAS.L and UC95.L.
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Drawdown Indicators
| HPAS.L | UC95.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.23% | -28.11% | +4.88% |
Max Drawdown (1Y)Largest decline over 1 year | -12.57% | -8.92% | -3.65% |
Max Drawdown (3Y)Largest decline over 3 years | -23.23% | -10.14% | -13.09% |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.11% | — |
Current DrawdownCurrent decline from peak | -0.13% | -7.47% | +7.34% |
Average DrawdownAverage peak-to-trough decline | -6.00% | -4.11% | -1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 3.23% | +1.15% |
Volatility
HPAS.L vs. UC95.L - Volatility Comparison
The current volatility for HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc (HPAS.L) is 3.25%, while UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis (UC95.L) has a volatility of 3.66%. This indicates that HPAS.L experiences smaller price fluctuations and is considered to be less risky than UC95.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 | UC95.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 3.66% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 8.55% | 7.63% | +0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 9.90% | +2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.73% | 11.91% | +3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.73% | 13.94% | +1.79% |
HPAS.L vs. UC95.L - Expense Ratio Comparison
HPAS.L has a 0.12% expense ratio, which is lower than UC95.L's 0.25% 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. UC95.L - Dividend Comparison
HPAS.L has not paid dividends to shareholders, while UC95.L's dividend yield for the trailing twelve months is around 1.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
UC95.L UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis | 1.89% | 1.99% | 1.61% | 1.54% | 1.29% | 1.13% | 1.79% | 1.66% | 1.64% | 1.68% | 1.37% |
Frequently Asked Questions
HPAS.L and UC95.L have a correlation of 0.06, 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 0.25% for UC95.L.
Both ETFs track Russell 1000 TR USD. They also come from different issuers: HSBC and UBS. Their fees differ too: 0.12% for HPAS.L and 0.25% for UC95.L.
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