HSPX.L vs. SPY
Compare and contrast key facts about HSBC S&P 500 UCITS ETF (HSPX.L) and SPDR S&P 500 ETF (SPY).
HSPX.L and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HSPX.L is a passively managed fund by HSBC that tracks the performance of the Russell 1000 TR USD. It was launched on May 14, 2010. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both HSPX.L and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HSPX.L or SPY.
Key characteristics
| HSPX.L | SPY | |
|---|---|---|
| YTD Return | 19.30% | 21.27% |
| 1Y Return | 27.37% | 33.14% |
| 3Y Return (Ann) | 10.07% | 8.57% |
| 5Y Return (Ann) | 14.71% | 15.03% |
| 10Y Return (Ann) | 14.96% | 12.90% |
| Sharpe Ratio | 2.55 | 3.04 |
| Sortino Ratio | 3.53 | 4.03 |
| Omega Ratio | 1.49 | 1.57 |
| Calmar Ratio | 4.23 | 4.39 |
| Martin Ratio | 17.19 | 20.00 |
| Ulcer Index | 1.59% | 1.85% |
| Daily Std Dev | 10.80% | 12.15% |
| Max Drawdown | -25.43% | -55.19% |
| Current Drawdown | -1.39% | -2.32% |
Correlation
The correlation between HSPX.L and SPY is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HSPX.L vs. SPY - Performance Comparison
In the year-to-date period, HSPX.L achieves a 19.30% return, which is significantly lower than SPY's 21.27% return. Over the past 10 years, HSPX.L has outperformed SPY with an annualized return of 14.96%, while SPY has yielded a comparatively lower 12.90% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HSPX.L vs. SPY - Expense Ratio Comparison
Both HSPX.L and SPY 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%.
Risk-Adjusted Performance
HSPX.L vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC S&P 500 UCITS ETF (HSPX.L) and SPDR S&P 500 ETF (SPY). 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.
Dividends
HSPX.L vs. SPY - Dividend Comparison
HSPX.L's dividend yield for the trailing twelve months is around 1.04%, less than SPY's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSPX.L HSBC S&P 500 UCITS ETF | 1.04% | 1.19% | 1.27% | 0.95% | 1.41% | 1.47% | 1.60% | 1.54% | 1.49% | 1.61% | 1.36% | 1.62% |
SPY SPDR S&P 500 ETF | 1.23% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
HSPX.L vs. SPY - Drawdown Comparison
The maximum HSPX.L drawdown since its inception was -25.43%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HSPX.L and SPY. For additional features, visit the drawdowns tool.
Volatility
HSPX.L vs. SPY - Volatility Comparison
The current volatility for HSBC S&P 500 UCITS ETF (HSPX.L) is 2.33%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.28%. This indicates that HSPX.L experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.