HPRD.L vs. VUAG.L

Last updated Jun 26, 2026

HPRD.L (HSBC FTSE EPRA NAREIT Developed UCITS ETF) and VUAG.L (Vanguard S&P 500 UCITS ETF (USD) Accumulating) are both exchange-traded funds - HPRD.L is a REIT fund tracking the FTSE EPRA Nareit Global TR USD, while VUAG.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, HPRD.L returned 1.60%/yr vs 12.85%/yr for VUAG.L. A 0.59 correlation means they provide meaningful diversification when combined. HPRD.L charges 0.24%/yr vs 0.07%/yr for VUAG.L.

Performance

HPRD.L vs. VUAG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HSBC FTSE EPRA NAREIT Developed UCITS ETF (HPRD.L) and Vanguard S&P 500 UCITS ETF (USD) Accumulating (VUAG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HPRD.L is traded in USD, while VUAG.L is traded in GBP. To make them comparable, the VUAG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HPRD.L achieves a 9.16% return, which is significantly higher than VUAG.L's 7.41% return.

HPRD.L

• 1D: 0.08%
• 1M: -0.00%
• YTD: 9.16%
• 6M: 9.94%
• 1Y: 13.55%
• 3Y*: 10.92%
• 5Y*: 1.60%
• 10Y*: 4.05%

VUAG.L

• 1D: -0.73%
• 1M: -1.95%
• YTD: 7.41%
• 6M: 7.19%
• 1Y: 21.75%
• 3Y*: 20.61%
• 5Y*: 12.85%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HPRD.L vs. VUAG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HPRD.L HSBC FTSE EPRA NAREIT Developed UCITS ETF	9.16%	10.91%	-0.18%	10.87%	-24.75%	26.42%	-8.90%	7.57%
VUAG.L Vanguard S&P 500 UCITS ETF (USD) Accumulating	7.41%	17.61%	25.21%	25.96%	-18.62%	29.78%	19.79%	-10.64%

Correlation

The correlation between HPRD.L and VUAG.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since May 14, 2019	0.59

Over the past year, the correlation between HPRD.L and VUAG.L has dropped to 0.37 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.

Return for Risk

HPRD.L vs. VUAG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HPRD.L

HPRD.L Risk / Return Rank: 33
HPRD.L Sharpe Ratio Rank: 33
HPRD.L Sortino Ratio Rank: 34
HPRD.L Omega Ratio Rank: 31
HPRD.L Calmar Ratio Rank: 29
HPRD.L Martin Ratio Rank: 35

VUAG.L

VUAG.L Risk / Return Rank: 82
VUAG.L Sharpe Ratio Rank: 85
VUAG.L Sortino Ratio Rank: 83
VUAG.L Omega Ratio Rank: 84
VUAG.L Calmar Ratio Rank: 80
VUAG.L Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HPRD.L vs. VUAG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC FTSE EPRA NAREIT Developed UCITS ETF (HPRD.L) and Vanguard S&P 500 UCITS ETF (USD) Accumulating (VUAG.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.

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.

	HPRD.L	VUAG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.12	1.88	-0.76
Sortino ratio: Return per unit of downside risk	1.68	2.73	-1.05
Omega ratio: Gain probability vs. loss probability	1.20	1.33	-0.14
Calmar ratio: Return relative to maximum drawdown	1.33	2.49	-1.16
Martin ratio: Return relative to average drawdown	4.84	10.34	-5.50

HPRD.L vs. VUAG.L - Sharpe Ratio Comparison

The current HPRD.L Sharpe Ratio is 1.12, which is lower than the VUAG.L Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of HPRD.L and VUAG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HPRD.L vs. VUAG.L - Drawdown Comparison

The maximum HPRD.L drawdown since its inception was -41.80%, which is greater than VUAG.L's maximum drawdown of -37.82%. Use the drawdown chart below to compare losses from any high point for HPRD.L and VUAG.L.

Drawdown Indicators

	HPRD.L	VUAG.L	Difference
Max Drawdown Largest peak-to-trough decline	-41.80%	-37.82%	-3.98%
Max Drawdown (1Y) Largest decline over 1 year	-10.11%	-8.69%	-1.42%
Max Drawdown (3Y) Largest decline over 3 years	-18.26%	-18.69%	+0.43%
Max Drawdown (5Y) Largest decline over 5 years	-33.48%	-25.18%	-8.30%
Max Drawdown (10Y) Largest decline over 10 years	-41.80%	—	—
Current Drawdown Current decline from peak	-1.45%	-3.13%	+1.68%
Average Drawdown Average peak-to-trough decline	-9.09%	-7.05%	-2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	2.10%	+0.70%

Volatility

HPRD.L vs. VUAG.L - Volatility Comparison

The current volatility for HSBC FTSE EPRA NAREIT Developed UCITS ETF (HPRD.L) is 3.53%, while Vanguard S&P 500 UCITS ETF (USD) Accumulating (VUAG.L) has a volatility of 3.78%. This indicates that HPRD.L experiences smaller price fluctuations and is considered to be less risky than VUAG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HPRD.L	VUAG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	3.78%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	9.65%	8.60%	+1.05%
Volatility (1Y) Calculated over the trailing 1-year period	12.15%	11.53%	+0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.34%	15.72%	+0.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	19.15%	-2.24%

HPRD.L vs. VUAG.L - Expense Ratio Comparison

HPRD.L has a 0.24% expense ratio, which is higher than VUAG.L's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

HPRD.L vs. VUAG.L - Dividend Comparison

HPRD.L's dividend yield for the trailing twelve months is around 2.99%, while VUAG.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HPRD.L HSBC FTSE EPRA NAREIT Developed UCITS ETF	2.99%	3.17%	3.39%	3.35%	3.53%	2.30%	2.88%	2.96%	3.43%	2.89%	3.13%	2.72%
VUAG.L Vanguard S&P 500 UCITS ETF (USD) Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.80%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HPRD.L and VUAG.L in my portfolio?

HPRD.L and VUAG.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HPRD.L or VUAG.L?

On fees, VUAG.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HPRD.L or VUAG.L?

VUAG.L is cheaper with a 0.07% expense ratio, compared with 0.24% for HPRD.L.

What is the main difference between HPRD.L and VUAG.L?

HPRD.L is categorized as REIT, while VUAG.L is S&P 500. HPRD.L tracks FTSE EPRA Nareit Global TR USD, while VUAG.L tracks S&P 500 Index. They also come from different issuers: HSBC and Vanguard. Their fees differ too: 0.24% for HPRD.L and 0.07% for VUAG.L.