HPJS.L vs. IUSK.DE
HPJS.L (HSBC MSCI Japan Climate Paris Aligned UCITS ETF) and IUSK.DE (iShares MSCI Europe SRI UCITS ETF (Acc)) are both exchange-traded funds - HPJS.L is a Japan Equities fund tracking the TOPIX TR JPY, while IUSK.DE is a Europe Equities fund tracking the MSCI Europe SRI Select Reduced Fossil Fuels. Both are passively managed. Over the past 3 years, HPJS.L returned 10.06%/yr vs 8.63%/yr for IUSK.DE. At a 0.49 correlation, their price movements are largely independent. HPJS.L charges 0.18%/yr vs 0.20%/yr for IUSK.DE.
Performance
HPJS.L vs. IUSK.DE - Performance Comparison
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Different Trading Currencies
HPJS.L is traded in GBP, while IUSK.DE is traded in EUR. To make them comparable, the IUSK.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, HPJS.L achieves a 11.91% return, which is significantly higher than IUSK.DE's 7.71% return.
HPJS.L
- 1D
- 0.86%
- 1M
- 3.58%
- YTD
- 11.91%
- 6M
- 12.15%
- 1Y
- 27.51%
- 3Y*
- 10.06%
- 5Y*
- —
- 10Y*
- —
IUSK.DE
- 1D
- -0.24%
- 1M
- 2.00%
- YTD
- 7.71%
- 6M
- 8.58%
- 1Y
- 13.05%
- 3Y*
- 8.63%
- 5Y*
- 5.40%
- 10Y*
- 9.35%
HPJS.L vs. IUSK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HPJS.L HSBC MSCI Japan Climate Paris Aligned UCITS ETF | 11.91% | 14.99% | -1.51% | 9.90% | -15.00% | -27.15% |
IUSK.DE iShares MSCI Europe SRI UCITS ETF (Acc) | 7.71% | 9.36% | 0.77% | 14.13% | -10.54% | -0.53% |
Correlation
The correlation between HPJS.L and IUSK.DE is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | 0.49 |
The correlation between HPJS.L and IUSK.DE has been stable across timeframes, ranging from 0.49 to 0.52 - a consistent structural relationship.
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Return for Risk
HPJS.L vs. IUSK.DE — Risk / Return Rank
HPJS.L
IUSK.DE
HPJS.L vs. IUSK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Japan Climate Paris Aligned UCITS ETF (HPJS.L) and iShares MSCI Europe SRI UCITS ETF (Acc) (IUSK.DE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HPJS.L | IUSK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.18 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 1.18 | -0.14 |
| Martin ratioReturn relative to average drawdown | 1.58 | 3.90 | -2.32 |
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Drawdowns
HPJS.L vs. IUSK.DE - Drawdown Comparison
The maximum HPJS.L drawdown since its inception was -44.01%, which is greater than IUSK.DE's maximum drawdown of -25.55%. Use the drawdown chart below to compare losses from any high point for HPJS.L and IUSK.DE.
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Drawdown Indicators
| HPJS.L | IUSK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.01% | -25.55% | -18.46% |
Max Drawdown (1Y)Largest decline over 1 year | -27.69% | -10.99% | -16.70% |
Max Drawdown (3Y)Largest decline over 3 years | -27.69% | -15.69% | -12.00% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.55% | — |
Current DrawdownCurrent decline from peak | -16.44% | -0.62% | -15.82% |
Average DrawdownAverage peak-to-trough decline | -32.68% | -5.14% | -27.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.22% | 3.34% | +14.88% |
Volatility
HPJS.L vs. IUSK.DE - Volatility Comparison
HSBC MSCI Japan Climate Paris Aligned UCITS ETF (HPJS.L) has a higher volatility of 7.02% compared to iShares MSCI Europe SRI UCITS ETF (Acc) (IUSK.DE) at 2.95%. This indicates that HPJS.L's price experiences larger fluctuations and is considered to be riskier than IUSK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPJS.L | IUSK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 2.95% | +4.07% |
Volatility (6M)Calculated over the trailing 6-month period | 15.84% | 11.07% | +4.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.56% | 13.27% | +32.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.64% | 14.57% | +13.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.64% | 15.14% | +12.50% |
HPJS.L vs. IUSK.DE - Expense Ratio Comparison
HPJS.L has a 0.18% expense ratio, which is lower than IUSK.DE'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
HPJS.L vs. IUSK.DE - Dividend Comparison
Neither HPJS.L nor IUSK.DE has paid dividends to shareholders.
Frequently Asked Questions
HPJS.L and IUSK.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HPJS.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HPJS.L is cheaper with a 0.18% expense ratio, compared with 0.20% for IUSK.DE.
HPJS.L is categorized as Japan Equities, while IUSK.DE is Europe Equities. HPJS.L tracks TOPIX TR JPY, while IUSK.DE tracks MSCI Europe SRI Select Reduced Fossil Fuels. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.18% for HPJS.L and 0.20% for IUSK.DE.
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