HSPS.L vs. IUCM.L
HSPS.L (HSBC S&P 500 UCITS ETF USD (Acc)) and IUCM.L (iShares S&P 500 Communication 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 IUCM.L is a Communications Equities fund tracking the MSCI World/Comm Services NR USD. Both are passively managed. Over the past 3 years, HSPS.L returned 19.33%/yr vs 23.84%/yr for IUCM.L. A 0.70 correlation means they provide meaningful diversification when combined. HSPS.L charges 0.09%/yr vs 0.15%/yr for IUCM.L.
Performance
HSPS.L vs. IUCM.L - Performance Comparison
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Different Trading Currencies
HSPS.L is traded in GBP, while IUCM.L is traded in USD. To make them comparable, the IUCM.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 higher than IUCM.L's 0.46% return.
HSPS.L
- 1D
- -0.19%
- 1M
- 5.98%
- YTD
- 10.55%
- 6M
- 10.55%
- 1Y
- 29.12%
- 3Y*
- 19.33%
- 5Y*
- —
- 10Y*
- —
IUCM.L
- 1D
- -1.50%
- 1M
- -4.59%
- YTD
- 0.46%
- 6M
- -0.54%
- 1Y
- 20.67%
- 3Y*
- 23.84%
- 5Y*
- 12.25%
- 10Y*
- —
HSPS.L vs. IUCM.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% |
IUCM.L iShares S&P 500 Communication Sector UCITS ETF USD Acc | 0.46% | 17.47% | 41.41% | 47.96% | -13.10% |
Correlation
The correlation between HSPS.L and IUCM.L is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2022 | 0.70 |
The correlation between HSPS.L and IUCM.L shifts across timeframes, from 0.54 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HSPS.L vs. IUCM.L — Risk / Return Rank
HSPS.L
IUCM.L
HSPS.L vs. IUCM.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 Communication Sector UCITS ETF USD Acc (IUCM.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 | IUCM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.24 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.94 | 2.51 | +1.43 |
| Martin ratioReturn relative to average drawdown | 14.14 | 8.34 | +5.80 |
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 | IUCM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.76 | 1.43 | +1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.31 | 0.70 | +0.61 |
Drawdowns
HSPS.L vs. IUCM.L - Drawdown Comparison
The maximum HSPS.L drawdown since its inception was -20.94%, smaller than the maximum IUCM.L drawdown of -38.32%. Use the drawdown chart below to compare losses from any high point for HSPS.L and IUCM.L.
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Drawdown Indicators
| HSPS.L | IUCM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.94% | -38.32% | +17.38% |
Max Drawdown (1Y)Largest decline over 1 year | -7.37% | -8.21% | +0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -20.94% | -20.74% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.32% | — |
Current DrawdownCurrent decline from peak | -0.19% | -5.85% | +5.66% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -8.24% | +4.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.47% | -0.42% |
Volatility
HSPS.L vs. IUCM.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 Communication Sector UCITS ETF USD Acc (IUCM.L) has a volatility of 4.38%. This indicates that HSPS.L experiences smaller price fluctuations and is considered to be less risky than IUCM.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 | IUCM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 4.38% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 7.14% | 10.40% | -3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.57% | 14.36% | -3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.73% | 19.48% | -5.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.73% | 20.24% | -6.51% |
HSPS.L vs. IUCM.L - Expense Ratio Comparison
HSPS.L has a 0.09% expense ratio, which is lower than IUCM.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. IUCM.L - Dividend Comparison
Neither HSPS.L nor IUCM.L has paid dividends to shareholders.
Frequently Asked Questions
HSPS.L and IUCM.L have a correlation of 0.54, 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 IUCM.L.
HSPS.L is categorized as S&P 500, while IUCM.L is Communications Equities. HSPS.L tracks S&P 500 Index, while IUCM.L tracks MSCI World/Comm Services NR USD. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.09% for HSPS.L and 0.15% for IUCM.L.
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