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HSUS.L vs. HMUD.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

HSUS.L vs. HMUD.L

Last updated Apr 1, 2026

Compare and contrast key facts about HSBC USA Sustainable Equity UCITS ETF USD (HSUS.L) and HSBC MSCI USA UCITS ETF (HMUD.L).

HSUS.L and HMUD.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HSUS.L is a passively managed fund by HSBC that tracks the performance of the Russell 1000 TR USD. It was launched on Jun 4, 2020. HMUD.L is a passively managed fund by HSBC that tracks the performance of the Russell 1000 TR USD. It was launched on Jun 1, 2010. Both HSUS.L and HMUD.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

HSUS.L vs. HMUD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC USA Sustainable Equity UCITS ETF USD (HSUS.L) and HSBC MSCI USA UCITS ETF (HMUD.L). The values are adjusted to include any dividend payments, if applicable.

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HSUS.L vs. HMUD.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
HSUS.L
HSBC USA Sustainable Equity UCITS ETF USD		-3.97%10.79%21.83%15.09%-7.73%29.76%11.33%
HMUD.L
HSBC MSCI USA UCITS ETF		-3.61%5.78%27.24%21.09%-10.74%28.57%11.28%
Different Trading Currencies

HSUS.L is traded in GBP, while HMUD.L is traded in USD. To make them comparable, the HMUD.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, HSUS.L achieves a -3.97% return, which is significantly lower than HMUD.L's -3.61% return.

HSUS.L

1D
0.41%
1M
-3.54%
YTD
-3.97%
6M
1.01%
1Y
15.96%
3Y*
13.36%
5Y*
10.80%
10Y*
—

HMUD.L

1D
0.00%
1M
-5.49%
YTD
-3.61%
6M
-0.74%
1Y
10.88%
3Y*
14.31%
5Y*
11.28%
10Y*
14.12%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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HSBC USA Sustainable Equity UCITS ETF USD

HSBC MSCI USA UCITS ETF

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Often compared with HMUD.L:
HMUD.L vs. MVUS.LHMUD.L vs. XD9D.DEHMUD.L vs. HMUS.LHMUD.L vs. AAPLHMUD.L vs. XMU.TOHMUD.L vs. VOOHMUD.L vs. VBK

HSUS.L vs. HMUD.L - Expense Ratio Comparison

HSUS.L has a 0.12% expense ratio, which is lower than HMUD.L's 0.30% expense ratio.

HMUD.L
HSBC MSCI USA UCITS ETF
HSUS.L
HSBC USA Sustainable Equity UCITS ETF USD

Return for Risk

HSUS.L vs. HMUD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HSUS.L
HSUS.L Risk / Return Rank: 5858
Overall Rank
HSUS.L Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
HSUS.L Sortino Ratio Rank: 5858
Sortino Ratio Rank
HSUS.L Omega Ratio Rank: 5959
Omega Ratio Rank
HSUS.L Calmar Ratio Rank: 5454
Calmar Ratio Rank
HSUS.L Martin Ratio Rank: 5858
Martin Ratio Rank
HMUD.L
HMUD.L Risk / Return Rank: 5959
Overall Rank
HMUD.L Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
HMUD.L Sortino Ratio Rank: 5454
Sortino Ratio Rank
HMUD.L Omega Ratio Rank: 5454
Omega Ratio Rank
HMUD.L Calmar Ratio Rank: 6565
Calmar Ratio Rank
HMUD.L Martin Ratio Rank: 7070
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HSUS.L vs. HMUD.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 HSBC MSCI USA UCITS ETF (HMUD.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.

HSUS.LHMUD.LDifference

Sharpe ratio

Return per unit of total volatility

1.06

0.69

+0.37

Sortino ratio

Return per unit of downside risk

1.50

1.05

+0.45

Omega ratio

Gain probability vs. loss probability

1.22

1.15

+0.07

Calmar ratio

Return relative to maximum drawdown

1.39

1.62

-0.23

Martin ratio

Return relative to average drawdown

5.69

5.37

+0.32

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HSUS.L vs. HMUD.L - Sharpe Ratio Comparison

The current HSUS.L Sharpe Ratio is 1.06, which is higher than the HMUD.L Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of HSUS.L and HMUD.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

HSUS.LHMUD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.06

0.69

+0.37

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.78

0.73

+0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.85

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.88

0.90

-0.03

Correlation

The correlation between HSUS.L and HMUD.L is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

HSUS.L vs. HMUD.L - Dividend Comparison

HSUS.L has not paid dividends to shareholders, while HMUD.L's dividend yield for the trailing twelve months is around 0.81%.

TTM20252024202320222021202020192018201720162015
HSUS.L
HSBC USA Sustainable Equity UCITS ETF USD		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
HMUD.L
HSBC MSCI USA UCITS ETF		0.81%0.95%0.82%0.97%1.07%0.78%1.11%1.22%1.45%1.24%1.43%1.43%

Drawdowns

HSUS.L vs. HMUD.L - Drawdown Comparison

The maximum HSUS.L drawdown since its inception was -20.92%, smaller than the maximum HMUD.L drawdown of -26.43%. Use the drawdown chart below to compare losses from any high point for HSUS.L and HMUD.L.

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Drawdown Indicators

HSUS.LHMUD.LDifference

Max Drawdown

Largest peak-to-trough decline

-20.92%

-34.30%

+13.38%

Max Drawdown (1Y)

Largest decline over 1 year

-10.88%

-12.44%

+1.56%

Max Drawdown (5Y)

Largest decline over 5 years

-20.92%

-25.47%

+4.55%

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.30%

—

Current Drawdown

Current decline from peak

-4.79%

-5.53%

+0.74%

Average Drawdown

Average peak-to-trough decline

-3.26%

-4.09%

+0.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.64%

2.02%

+0.62%

Volatility

HSUS.L vs. HMUD.L - Volatility Comparison

The current volatility for HSBC USA Sustainable Equity UCITS ETF USD (HSUS.L) is 3.23%, while HSBC MSCI USA UCITS ETF (HMUD.L) has a volatility of 4.22%. This indicates that HSUS.L experiences smaller price fluctuations and is considered to be less risky than HMUD.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.LHMUD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.23%

4.22%

-0.99%

Volatility (6M)

Calculated over the trailing 6-month period

7.68%

8.34%

-0.66%

Volatility (1Y)

Calculated over the trailing 1-year period

15.03%

15.74%

-0.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.79%

15.53%

-1.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.28%

16.57%

-2.29%