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HSPD.L vs. XEWG.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HSPD.L vs. XEWG.L

Last updated Jun 5, 2026

HSPD.L (HSBC S&P 500 UCITS ETF) and XEWG.L (Xtrackers S&P 500 Equal Weight UCITS ETF 1D GBP Hedged) are both S&P 500 funds - HSPD.L tracks the S&P 500 Index while XEWG.L tracks the S&P 500 Equal Weight (GBP Hedged) Index. Both are passively managed. Over the past 3 years, HSPD.L returned 22.18%/yr vs 17.23%/yr for XEWG.L. A 0.79 correlation means they provide meaningful diversification when combined. HSPD.L charges 0.09%/yr vs 0.30%/yr for XEWG.L.

Performance

HSPD.L vs. XEWG.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 Xtrackers S&P 500 Equal Weight UCITS ETF 1D GBP Hedged (XEWG.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, HSPD.L achieves a 10.31% return, which is significantly higher than XEWG.L's 8.49% return.

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%

XEWG.L

1D
-0.32%
1M
2.48%
YTD
8.49%
6M
10.77%
1Y
17.61%
3Y*
17.23%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021
HSPD.L
HSBC S&P 500 UCITS ETF		10.31%17.39%25.26%26.91%-18.83%2.20%
XEWG.L
Xtrackers S&P 500 Equal Weight UCITS ETF 1D GBP Hedged		8.49%19.45%9.80%17.77%-23.26%1.14%

Correlation

The correlation between HSPD.L and XEWG.L is 0.69, 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

0.69

Correlation (3Y)
Calculated over the trailing 3-year period

0.72

Correlation (All Time)
Calculated using the full available price history since Nov 10, 2021

0.79

The correlation between HSPD.L and XEWG.L shifts across timeframes, from 0.69 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.

HSPD.L vs. XEWG.L - Sectors Allocation Comparison

Sectors
HSPD.L
XEWG.L

Technology

35.6%
18.3%

Financial Services

11.8%
14.4%

Communication Services

11.2%
4.0%

Consumer Cyclical

10.1%
10.3%

Healthcare

8.5%
10.9%

Industrials

8.3%
14.7%

Consumer Defensive

4.9%
6.5%

Energy

3.5%
4.6%

Utilities

2.3%
6.1%

Real Estate

1.9%
6.2%

Basic Materials

1.8%
4.1%

Technology

HSPD.L
35.6%
XEWG.L
18.3%

Financial Services

HSPD.L
11.8%
XEWG.L
14.4%

Communication Services

HSPD.L
11.2%
XEWG.L
4.0%

Consumer Cyclical

HSPD.L
10.1%
XEWG.L
10.3%

Healthcare

HSPD.L
8.5%
XEWG.L
10.9%

Industrials

HSPD.L
8.3%
XEWG.L
14.7%

Consumer Defensive

HSPD.L
4.9%
XEWG.L
6.5%

Energy

HSPD.L
3.5%
XEWG.L
4.6%

Utilities

HSPD.L
2.3%
XEWG.L
6.1%

Real Estate

HSPD.L
1.9%
XEWG.L
6.2%

Basic Materials

HSPD.L
1.8%
XEWG.L
4.1%

Compare stocks, funds, or ETFs

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HSBC S&P 500 UCITS ETF

Xtrackers S&P 500 Equal Weight UCITS ETF 1D GBP Hedged

Often compared with HSPD.L:
HSPD.L vs. HSPX.LHSPD.L vs. CSPX.LHSPD.L vs. HUKX.LHSPD.L vs. HSBCHSPD.L vs. VOOHSPD.L vs. SPYHSPD.L vs. CNDX.L
Often compared with XEWG.L:
XEWG.L vs. IUMS.LXEWG.L vs. XDEQ.LXEWG.L vs. IDUS.LXEWG.L vs. XDPP.LXEWG.L vs. XS2D.LXEWG.L vs. S5EE.LXEWG.L vs. PQVM.L

Return for Risk

HSPD.L vs. XEWG.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: 7575
Overall Rank
HSPD.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
HSPD.L Sortino Ratio Rank: 7979
Sortino Ratio Rank
HSPD.L Omega Ratio Rank: 7575
Omega Ratio Rank
HSPD.L Calmar Ratio Rank: 6868
Calmar Ratio Rank
HSPD.L Martin Ratio Rank: 7676
Martin Ratio Rank
XEWG.L
XEWG.L Risk / Return Rank: 5656
Overall Rank
XEWG.L Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
XEWG.L Sortino Ratio Rank: 5959
Sortino Ratio Rank
XEWG.L Omega Ratio Rank: 5353
Omega Ratio Rank
XEWG.L Calmar Ratio Rank: 5757
Calmar Ratio Rank
XEWG.L Martin Ratio Rank: 5858
Martin Ratio Rank
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. XEWG.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 Xtrackers S&P 500 Equal Weight UCITS ETF 1D GBP Hedged (XEWG.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.LXEWG.LDifference
Sharpe ratioReturn per unit of total volatility
2.39
1.32

+1.07

Sortino ratioReturn per unit of downside risk
3.47
2.02

+1.46

Omega ratioGain probability vs. loss probability

1.44

1.23

+0.21

Calmar ratioReturn relative to maximum drawdown

3.37

1.91

+1.46

Martin ratioReturn relative to average drawdown

14.45

6.27

+8.18

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. XEWG.L - Sharpe Ratio Comparison

The current HSPD.L Sharpe Ratio is 2.39, which is higher than the XEWG.L Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of HSPD.L and XEWG.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.

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Sharpe Ratios by Period

HSPD.LXEWG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.39

1.32

+1.07

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

0.28

+0.68

Drawdowns

HSPD.L vs. XEWG.L - Drawdown Comparison

The maximum HSPD.L drawdown since its inception was -34.00%, smaller than the maximum XEWG.L drawdown of -38.44%. Use the drawdown chart below to compare losses from any high point for HSPD.L and XEWG.L.

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Drawdown Indicators

HSPD.LXEWG.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.00%

-38.44%

+4.44%

Max Drawdown (1Y)

Largest decline over 1 year

-8.24%

-9.65%

+1.41%

Max Drawdown (3Y)

Largest decline over 3 years

-18.39%

-18.75%

+0.36%

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%

-0.32%

-0.20%

Average Drawdown

Average peak-to-trough decline

-3.76%

-11.03%

+7.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.92%

2.95%

-1.03%

Volatility

HSPD.L vs. XEWG.L - Volatility Comparison

The current volatility for HSBC S&P 500 UCITS ETF (HSPD.L) is 3.23%, while Xtrackers S&P 500 Equal Weight UCITS ETF 1D GBP Hedged (XEWG.L) has a volatility of 3.52%. This indicates that HSPD.L experiences smaller price fluctuations and is considered to be less risky than XEWG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HSPD.LXEWG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.23%

3.52%

-0.29%

Volatility (6M)

Calculated over the trailing 6-month period

8.47%

9.78%

-1.31%

Volatility (1Y)

Calculated over the trailing 1-year period

11.59%

13.99%

-2.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.91%

21.08%

-5.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.23%

21.08%

-4.85%

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

HSPD.L has a 0.09% expense ratio, which is lower than XEWG.L's 0.30% expense ratio.

Dividends

HSPD.L vs. XEWG.L - Dividend Comparison

HSPD.L's dividend yield for the trailing twelve months is around 0.83%, less than XEWG.L's 1.19% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XEWG.L
Xtrackers S&P 500 Equal Weight UCITS ETF 1D GBP Hedged		1.19%1.25%1.50%1.24%1.20%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

HSPD.L and XEWG.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HSPD.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HSPD.L is cheaper with a 0.09% expense ratio, compared with 0.30% for XEWG.L.

HSPD.L tracks S&P 500 Index, while XEWG.L tracks S&P 500 Equal Weight (GBP Hedged) Index. They also come from different issuers: HSBC and Xtrackers. Their fees differ too: 0.09% for HSPD.L and 0.30% for XEWG.L.

Portfolio Optimizer

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