HSUS.L vs. FUSS.L
HSUS.L (HSBC USA Sustainable Equity UCITS ETF USD) and FUSS.L (Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from HSBC and Fidelity respectively. Both are passively managed. Over the past 5 years, HSUS.L returned 13.59%/yr vs 14.05%/yr for FUSS.L. Their correlation of 0.94 suggests significant overlap in exposure. HSUS.L charges 0.12%/yr vs 0.30%/yr for FUSS.L.
Performance
HSUS.L vs. FUSS.L - Performance Comparison
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Returns By Period
In the year-to-date period, HSUS.L achieves a 14.87% return, which is significantly higher than FUSS.L's 9.95% return.
HSUS.L
- 1D
- 0.91%
- 1M
- 1.83%
- YTD
- 14.87%
- 6M
- 15.38%
- 1Y
- 35.75%
- 3Y*
- 19.00%
- 5Y*
- 13.59%
- 10Y*
- —
FUSS.L
- 1D
- 0.79%
- 1M
- 0.79%
- YTD
- 9.95%
- 6M
- 10.18%
- 1Y
- 27.60%
- 3Y*
- 19.97%
- 5Y*
- 14.05%
- 10Y*
- —
HSUS.L vs. FUSS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HSUS.L HSBC USA Sustainable Equity UCITS ETF USD | 14.87% | 10.79% | 21.80% | 15.11% | -7.73% | 29.76% | -12.05% |
FUSS.L Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc | 9.95% | 9.86% | 28.35% | 22.16% | -11.82% | 28.48% | 13.94% |
Correlation
The correlation between HSUS.L and FUSS.L is 0.87, 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 | 0.87 |
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 HSUS.L and FUSS.L has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.
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Return for Risk
HSUS.L vs. FUSS.L — Risk / Return Rank
HSUS.L
FUSS.L
HSUS.L vs. FUSS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC USA Sustainable Equity UCITS ETF USD (HSUS.L) and Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc (FUSS.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.
| HSUS.L | FUSS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.41 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 6.32 | 3.33 | +2.99 |
| Martin ratioReturn relative to average drawdown | 21.91 | 11.73 | +10.18 |
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Drawdowns
HSUS.L vs. FUSS.L - Drawdown Comparison
The maximum HSUS.L drawdown since its inception was -22.75%, roughly equal to the maximum FUSS.L drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for HSUS.L and FUSS.L.
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Drawdown Indicators
| HSUS.L | FUSS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.75% | -22.13% | -0.62% |
Max Drawdown (1Y)Largest decline over 1 year | -5.63% | -8.25% | +2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -20.93% | -22.13% | +1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -20.93% | -22.13% | +1.20% |
Current DrawdownCurrent decline from peak | 0.00% | -0.49% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -3.59% | -4.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 2.35% | -0.72% |
Volatility
HSUS.L vs. FUSS.L - Volatility Comparison
HSBC USA Sustainable Equity UCITS ETF USD (HSUS.L) has a higher volatility of 3.77% compared to Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc (FUSS.L) at 3.57%. This indicates that HSUS.L's price experiences larger fluctuations and is considered to be riskier than FUSS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSUS.L | FUSS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 3.57% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 8.12% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.78% | 11.91% | -1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.83% | 14.91% | +8.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.19% | 15.08% | +9.11% |
HSUS.L vs. FUSS.L - Expense Ratio Comparison
HSUS.L has a 0.12% expense ratio, which is lower than FUSS.L's 0.30% expense ratio.
Dividends
HSUS.L vs. FUSS.L - Dividend Comparison
Neither HSUS.L nor FUSS.L has paid dividends to shareholders.
Frequently Asked Questions
HSUS.L and FUSS.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HSUS.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HSUS.L is cheaper with a 0.12% expense ratio, compared with 0.30% for FUSS.L.
Both ETFs track Russell 1000 TR USD. They also come from different issuers: HSBC and Fidelity. Their fees differ too: 0.12% for HSUS.L and 0.30% for FUSS.L.
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