HSPS.L vs. IISU.L
HSPS.L (HSBC S&P 500 UCITS ETF USD (Acc)) and IISU.L (iShares S&P 500 Industrials Sector UCITS ETF USD (Acc)) are both exchange-traded funds - HSPS.L is a S&P 500 fund tracking the S&P 500 Index, while IISU.L is a Industrials Equities fund tracking the S&P 500 Capped 35/20 Industrials Index. Both are passively managed. Over the past 3 years, HSPS.L returned 19.33%/yr vs 18.99%/yr for IISU.L. A 0.73 correlation means they provide meaningful diversification when combined. HSPS.L charges 0.09%/yr vs 0.15%/yr for IISU.L.
Performance
HSPS.L vs. IISU.L - Performance Comparison
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Different Trading Currencies
HSPS.L is traded in GBP, while IISU.L is traded in GBp. To make them comparable, the IISU.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, HSPS.L achieves a 10.55% return, which is significantly lower than IISU.L's 12.69% return.
HSPS.L
- 1D
- -0.19%
- 1M
- 5.98%
- YTD
- 10.55%
- 6M
- 10.55%
- 1Y
- 29.12%
- 3Y*
- 19.33%
- 5Y*
- —
- 10Y*
- —
IISU.L
- 1D
- 1.33%
- 1M
- 2.70%
- YTD
- 12.69%
- 6M
- 14.16%
- 1Y
- 24.59%
- 3Y*
- 18.99%
- 5Y*
- 13.39%
- 10Y*
- —
HSPS.L vs. IISU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HSPS.L HSBC S&P 500 UCITS ETF USD (Acc) | 10.55% | 9.33% | 27.36% | 19.90% | 4.27% |
IISU.L iShares S&P 500 Industrials Sector UCITS ETF USD (Acc) | 12.69% | 11.24% | 19.29% | 11.45% | 16.78% |
Correlation
The correlation between HSPS.L and IISU.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2022 | 0.73 |
The correlation between HSPS.L and IISU.L has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.
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Return for Risk
HSPS.L vs. IISU.L — Risk / Return Rank
HSPS.L
IISU.L
HSPS.L vs. IISU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC S&P 500 UCITS ETF USD (Acc) (HSPS.L) and iShares S&P 500 Industrials Sector UCITS ETF USD (Acc) (IISU.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.
| HSPS.L | IISU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.32 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.94 | 2.62 | +1.32 |
| Martin ratioReturn relative to average drawdown | 14.14 | 8.33 | +5.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HSPS.L | IISU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.76 | 1.85 | +0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.31 | 0.64 | +0.67 |
Drawdowns
HSPS.L vs. IISU.L - Drawdown Comparison
The maximum HSPS.L drawdown since its inception was -20.94%, smaller than the maximum IISU.L drawdown of -34.66%. Use the drawdown chart below to compare losses from any high point for HSPS.L and IISU.L.
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Drawdown Indicators
| HSPS.L | IISU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.94% | -34.66% | +13.72% |
Max Drawdown (1Y)Largest decline over 1 year | -7.37% | -9.36% | +1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -20.94% | -21.12% | +0.18% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.12% | — |
Current DrawdownCurrent decline from peak | -0.19% | -1.30% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -4.51% | +1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.95% | -0.90% |
Volatility
HSPS.L vs. IISU.L - Volatility Comparison
The current volatility for HSBC S&P 500 UCITS ETF USD (Acc) (HSPS.L) is 2.62%, while iShares S&P 500 Industrials Sector UCITS ETF USD (Acc) (IISU.L) has a volatility of 4.54%. This indicates that HSPS.L experiences smaller price fluctuations and is considered to be less risky than IISU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSPS.L | IISU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 4.54% | -1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 7.14% | 10.39% | -3.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.57% | 13.31% | -2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.73% | 15.96% | -2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.73% | 18.65% | -4.92% |
HSPS.L vs. IISU.L - Expense Ratio Comparison
HSPS.L has a 0.09% expense ratio, which is lower than IISU.L's 0.15% 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
HSPS.L vs. IISU.L - Dividend Comparison
Neither HSPS.L nor IISU.L has paid dividends to shareholders.
Frequently Asked Questions
HSPS.L and IISU.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HSPS.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HSPS.L is cheaper with a 0.09% expense ratio, compared with 0.15% for IISU.L.
HSPS.L is categorized as S&P 500, while IISU.L is Industrials Equities. HSPS.L tracks S&P 500 Index, while IISU.L tracks S&P 500 Capped 35/20 Industrials Index. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.09% for HSPS.L and 0.15% for IISU.L.
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