HSPD.L vs. HSPS.L

Last updated Jun 5, 2026

HSPD.L (HSBC S&P 500 UCITS ETF) and HSPS.L (HSBC S&P 500 UCITS ETF USD (Acc)) are both S&P 500 funds from HSBC tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, HSPD.L returned 22.18%/yr vs 22.08%/yr for HSPS.L. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.09% expense ratio.

Performance

HSPD.L vs. HSPS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HSBC S&P 500 UCITS ETF (HSPD.L) and HSBC S&P 500 UCITS ETF USD (Acc) (HSPS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

The year-to-date returns for both stocks are quite close, with HSPD.L having a 10.31% return and HSPS.L slightly lower at 10.24%.

HSPD.L

• 1D: 0.02%
• 1M: 4.45%
• YTD: 10.31%
• 6M: 11.11%
• 1Y: 27.87%
• 3Y*: 22.18%
• 5Y*: 13.69%
• 10Y*: 15.23%

HSPS.L

• 1D: 0.01%
• 1M: 4.56%
• YTD: 10.24%
• 6M: 11.23%
• 1Y: 27.86%
• 3Y*: 22.08%
• 5Y*: —
• 10Y*: —

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

HSPD.L vs. HSPS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HSPD.L HSBC S&P 500 UCITS ETF	10.31%	17.39%	25.26%	26.91%	2.05%
HSPS.L HSBC S&P 500 UCITS ETF USD (Acc)	10.24%	17.58%	25.24%	26.23%	2.78%

Correlation

The correlation between HSPD.L and HSPS.L is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jun 23, 2022	0.92

The correlation between HSPD.L and HSPS.L has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

Return for Risk

HSPD.L vs. HSPS.L — Risk / Return Rank

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

HSPD.L

HSPD.L Risk / Return Rank: 75
HSPD.L Sharpe Ratio Rank: 75
HSPD.L Sortino Ratio Rank: 79
HSPD.L Omega Ratio Rank: 75
HSPD.L Calmar Ratio Rank: 68
HSPD.L Martin Ratio Rank: 76

HSPS.L

HSPS.L Risk / Return Rank: 82
HSPS.L Sharpe Ratio Rank: 85
HSPS.L Sortino Ratio Rank: 83
HSPS.L Omega Ratio Rank: 86
HSPS.L Calmar Ratio Rank: 78
HSPS.L Martin Ratio Rank: 75

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.

HSPD.L vs. HSPS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC S&P 500 UCITS ETF (HSPD.L) and HSBC S&P 500 UCITS ETF USD (Acc) (HSPS.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.

	HSPD.L	HSPS.L	Difference
Sharpe ratio: Return per unit of total volatility	2.39	2.51	-0.12
Sortino ratio: Return per unit of downside risk	3.47	3.63	-0.16
Omega ratio: Gain probability vs. loss probability	1.44	1.45	-0.02
Calmar ratio: Return relative to maximum drawdown	3.37	3.11	+0.26
Martin ratio: Return relative to average drawdown	14.45	13.55	+0.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HSPD.L vs. HSPS.L - Sharpe Ratio Comparison

The current HSPD.L Sharpe Ratio is 2.39, which is comparable to the HSPS.L Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of HSPD.L and HSPS.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.

Sharpe Ratios by Period

	HSPD.L	HSPS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.39	2.51	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.94	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	1.40	-0.44

Drawdowns

HSPD.L vs. HSPS.L - Drawdown Comparison

The maximum HSPD.L drawdown since its inception was -34.00%, which is greater than HSPS.L's maximum drawdown of -19.02%. Use the drawdown chart below to compare losses from any high point for HSPD.L and HSPS.L.

Drawdown Indicators

	HSPD.L	HSPS.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.00%	-19.02%	-14.98%
Max Drawdown (1Y) Largest decline over 1 year	-8.24%	-8.92%	+0.68%
Max Drawdown (3Y) Largest decline over 3 years	-18.39%	-19.02%	+0.63%
Max Drawdown (5Y) Largest decline over 5 years	-24.59%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.00%	—	—
Current Drawdown Current decline from peak	-0.52%	-0.54%	+0.02%
Average Drawdown Average peak-to-trough decline	-3.76%	-2.95%	-0.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	2.05%	-0.13%

Volatility

HSPD.L vs. HSPS.L - Volatility Comparison

HSBC S&P 500 UCITS ETF (HSPD.L) has a higher volatility of 3.23% compared to HSBC S&P 500 UCITS ETF USD (Acc) (HSPS.L) at 2.57%. This indicates that HSPD.L's price experiences larger fluctuations and is considered to be riskier than HSPS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HSPD.L	HSPS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	2.57%	+0.66%
Volatility (6M) Calculated over the trailing 6-month period	8.47%	7.96%	+0.51%
Volatility (1Y) Calculated over the trailing 1-year period	11.59%	11.05%	+0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.91%	14.77%	+1.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.23%	14.77%	+1.46%

HSPD.L vs. HSPS.L - Expense Ratio Comparison

Both HSPD.L and HSPS.L have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

HSPD.L vs. HSPS.L - Dividend Comparison

HSPD.L's dividend yield for the trailing twelve months is around 0.83%, while HSPS.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HSPD.L HSBC S&P 500 UCITS ETF	0.83%	0.90%	1.00%	1.18%	1.34%	0.98%	1.32%	1.41%	1.68%	1.44%	1.65%	1.67%
HSPS.L HSBC S&P 500 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%	0.00%

Frequently Asked Questions

Can I hold both HSPD.L and HSPS.L in my portfolio?

With a correlation of 0.91, HSPD.L and HSPS.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, HSPD.L or HSPS.L?

Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HSPD.L or HSPS.L?

HSPD.L and HSPS.L have the same expense ratio: 0.09% per year.

What is the main difference between HSPD.L and HSPS.L?

Both ETFs track S&P 500 Index.