HSUD.L vs. LGUS.L
HSUD.L (HSBC USA Screened Equity UCITS ETF) and LGUS.L (L&G US Equity UCITS ETF) are both Global Equities funds - HSUD.L tracks the HSBC USA Screened Equity UCITS ETF while LGUS.L tracks the L&G US Equity UCITS ETF. Both are passively managed. Over the past 5 years, HSUD.L returned 11.96%/yr vs 12.82%/yr for LGUS.L. Their correlation of 0.94 suggests significant overlap in exposure. HSUD.L charges 0.12%/yr vs 0.05%/yr for LGUS.L.
Performance
HSUD.L vs. LGUS.L - Performance Comparison
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Returns By Period
In the year-to-date period, HSUD.L achieves a 12.55% return, which is significantly higher than LGUS.L's 10.34% return.
HSUD.L
- 1D
- -0.08%
- 1M
- -1.37%
- 6M
- 12.89%
- YTD
- 12.55%
- 1Y
- 26.40%
- 3Y*
- 19.30%
- 5Y*
- 11.96%
- 10Y*
- —
LGUS.L
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- 9.90%
- YTD
- 10.34%
- 1Y
- 21.64%
- 3Y*
- 20.40%
- 5Y*
- 12.82%
- 10Y*
- —
HSUD.L vs. LGUS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HSUD.L HSBC USA Screened Equity UCITS ETF | 12.55% | 18.98% | 19.90% | 21.64% | -17.56% | 28.13% | 20.16% |
LGUS.L L&G US Equity UCITS ETF | 10.34% | 17.98% | 25.09% | 28.66% | -20.46% | 27.91% | 22.72% |
Correlation
The correlation between HSUD.L and LGUS.L is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.94 |
The correlation between HSUD.L and LGUS.L has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
HSUD.L vs. LGUS.L — Risk / Return Rank
HSUD.L
LGUS.L
HSUD.L vs. LGUS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC USA Screened Equity UCITS ETF (HSUD.L) and L&G US Equity UCITS ETF (LGUS.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HSUD.L | LGUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.32 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 2.59 | +0.83 |
| Martin ratioReturn relative to average drawdown | 13.00 | 9.99 | +3.01 |
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Drawdowns
HSUD.L vs. LGUS.L - Drawdown Comparison
The maximum HSUD.L drawdown since its inception was -24.43%, smaller than the maximum LGUS.L drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for HSUD.L and LGUS.L.
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Drawdown Indicators
| HSUD.L | LGUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.43% | -34.26% | +9.83% |
Max Drawdown (1Y)Largest decline over 1 year | -7.77% | -8.58% | +0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -19.51% | -19.46% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -24.43% | -25.64% | +1.21% |
Current DrawdownCurrent decline from peak | -1.54% | -0.49% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -5.09% | -5.30% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.23% | -0.18% |
Volatility
HSUD.L vs. LGUS.L - Volatility Comparison
HSBC USA Screened Equity UCITS ETF (HSUD.L) has a higher volatility of 3.25% compared to L&G US Equity UCITS ETF (LGUS.L) at 2.86%. This indicates that HSUD.L's price experiences larger fluctuations and is considered to be riskier than LGUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSUD.L | LGUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 2.86% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 9.56% | 9.41% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.83% | 12.47% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.43% | 16.51% | -1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.59% | 18.10% | -2.51% |
HSUD.L vs. LGUS.L - Expense Ratio Comparison
HSUD.L has a 0.12% expense ratio, which is higher than LGUS.L's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
HSUD.L vs. LGUS.L - Dividend Comparison
Neither HSUD.L nor LGUS.L has paid dividends to shareholders.
Frequently Asked Questions
HSUD.L and LGUS.L have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGUS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGUS.L is cheaper with a 0.05% expense ratio, compared with 0.12% for HSUD.L.
HSUD.L tracks HSBC USA Screened Equity UCITS ETF, while LGUS.L tracks L&G US Equity UCITS ETF. They also come from different issuers: HSBC and L&G. Their fees differ too: 0.12% for HSUD.L and 0.05% for LGUS.L.
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