HSJP.L vs. GLD
Compare and contrast key facts about HSBC Japan Sustainable Equity UCITS ETF USD (HSJP.L) and SPDR Gold Shares (GLD).
HSJP.L and GLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HSJP.L is a passively managed fund by HSBC that tracks the performance of the TOPIX TR JPY. It was launched on Jun 4, 2020. GLD is a passively managed fund by State Street that tracks the performance of the LBMA Gold Price PM. It was launched on Nov 18, 2004. Both HSJP.L and GLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HSJP.L vs. GLD - Performance Comparison
Loading graphics...
HSJP.L vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HSJP.L HSBC Japan Sustainable Equity UCITS ETF USD | 1.51% | 18.24% | 13.93% | 13.26% | -5.31% | 4.55% | 14.34% |
GLD SPDR Gold Shares | 10.64% | 52.02% | 28.87% | 7.06% | 11.03% | -3.24% | 4.67% |
Different Trading Currencies
HSJP.L is traded in GBP, while GLD is traded in USD. To make them comparable, the GLD values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, HSJP.L achieves a 1.51% return, which is significantly lower than GLD's 10.64% return.
HSJP.L
- 1D
- 0.11%
- 1M
- -9.94%
- YTD
- 1.51%
- 6M
- 8.23%
- 1Y
- 19.87%
- 3Y*
- 14.19%
- 5Y*
- 8.56%
- 10Y*
- —
GLD
- 1D
- 3.49%
- 1M
- -9.30%
- YTD
- 10.64%
- 6M
- 23.12%
- 1Y
- 45.90%
- 3Y*
- 29.88%
- 5Y*
- 22.68%
- 10Y*
- 14.76%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HSJP.L vs. GLD - Expense Ratio Comparison
HSJP.L has a 0.18% expense ratio, which is lower than GLD's 0.40% expense ratio.
Return for Risk
HSJP.L vs. GLD — Risk / Return Rank
HSJP.L
GLD
HSJP.L vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Japan Sustainable Equity UCITS ETF USD (HSJP.L) and SPDR Gold Shares (GLD). 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.
| HSJP.L | GLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.78 | -0.74 |
Sortino ratioReturn per unit of downside risk | 1.47 | 2.23 | -0.75 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.34 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.63 | 2.70 | -1.07 |
Martin ratioReturn relative to average drawdown | 5.54 | 10.37 | -4.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| HSJP.L | GLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.78 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 1.38 | -0.84 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.70 | -0.06 |
Correlation
The correlation between HSJP.L and GLD is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
HSJP.L vs. GLD - Dividend Comparison
Neither HSJP.L nor GLD has paid dividends to shareholders.
Drawdowns
HSJP.L vs. GLD - Drawdown Comparison
The maximum HSJP.L drawdown since its inception was -16.22%, smaller than the maximum GLD drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for HSJP.L and GLD.
Loading graphics...
Drawdown Indicators
| HSJP.L | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.22% | -45.56% | +29.34% |
Max Drawdown (1Y)Largest decline over 1 year | -12.15% | -19.21% | +7.06% |
Max Drawdown (5Y)Largest decline over 5 years | -16.22% | -21.03% | +4.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.00% | — |
Current DrawdownCurrent decline from peak | -10.64% | -13.23% | +2.59% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -16.17% | +11.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 5.20% | -1.62% |
Volatility
HSJP.L vs. GLD - Volatility Comparison
The current volatility for HSBC Japan Sustainable Equity UCITS ETF USD (HSJP.L) is 8.88%, while SPDR Gold Shares (GLD) has a volatility of 11.31%. This indicates that HSJP.L experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| HSJP.L | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.88% | 11.31% | -2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 14.48% | 23.24% | -8.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 25.92% | -6.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.79% | 16.54% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.75% | 16.23% | -0.48% |