HSWD.L vs. LGUS.L

Last updated Jul 16, 2026

HSWD.L (HSBC Developed World Screened Equity UCITS ETF) and LGUS.L (L&G US Equity UCITS ETF) are both Global Equities funds - HSWD.L tracks the HSBC Developed World Screened Equity UCITS ETF while LGUS.L tracks the L&G US Equity UCITS ETF. Both are passively managed. Over the past 5 years, HSWD.L returned 11.43%/yr vs 12.82%/yr for LGUS.L. Their correlation of 0.92 suggests significant overlap in exposure. HSWD.L charges 0.18%/yr vs 0.05%/yr for LGUS.L.

Performance

HSWD.L vs. LGUS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HSBC Developed World Screened Equity UCITS ETF (HSWD.L) and L&G US Equity UCITS ETF (LGUS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HSWD.L achieves a 12.86% return, which is significantly higher than LGUS.L's 10.34% return.

HSWD.L

• 1D: -0.07%
• 1M: -0.43%
• 6M: 12.22%
• YTD: 12.86%
• 1Y: 26.96%
• 3Y*: 19.12%
• 5Y*: 11.43%
• 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*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HSWD.L vs. LGUS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
HSWD.L HSBC Developed World Screened Equity UCITS ETF	12.86%	23.75%	14.96%	20.26%	-16.99%	22.28%	19.10%
LGUS.L L&G US Equity UCITS ETF	10.34%	17.98%	25.09%	28.66%	-20.46%	27.91%	21.16%

Correlation

The correlation between HSWD.L and LGUS.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	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jul 9, 2020	0.92

The correlation between HSWD.L and LGUS.L has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

Return for Risk

HSWD.L vs. LGUS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HSWD.L

HSWD.L Risk / Return Rank: 84
HSWD.L Sharpe Ratio Rank: 86
HSWD.L Sortino Ratio Rank: 89
HSWD.L Omega Ratio Rank: 86
HSWD.L Calmar Ratio Rank: 77
HSWD.L Martin Ratio Rank: 82

LGUS.L

LGUS.L Risk / Return Rank: 69
LGUS.L Sharpe Ratio Rank: 69
LGUS.L Sortino Ratio Rank: 75
LGUS.L Omega Ratio Rank: 67
LGUS.L Calmar Ratio Rank: 64
LGUS.L Martin Ratio Rank: 69

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.

HSWD.L vs. LGUS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC Developed World Screened Equity UCITS ETF (HSWD.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.

	HSWD.L	LGUS.L	Difference
Sharpe ratio: Return per unit of total volatility	2.24	1.79	+0.45
Sortino ratio: Return per unit of downside risk	3.33	2.69	+0.64
Omega ratio: Gain probability vs. loss probability	1.42	1.32	+0.10
Calmar ratio: Return relative to maximum drawdown	3.16	2.59	+0.57
Martin ratio: Return relative to average drawdown	12.64	9.99	+2.66

HSWD.L vs. LGUS.L - Sharpe Ratio Comparison

The current HSWD.L Sharpe Ratio is 2.24, which is comparable to the LGUS.L Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of HSWD.L and LGUS.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HSWD.L vs. LGUS.L - Drawdown Comparison

The maximum HSWD.L drawdown since its inception was -26.20%, smaller than the maximum LGUS.L drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for HSWD.L and LGUS.L.

Drawdown Indicators

	HSWD.L	LGUS.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.20%	-34.26%	+8.06%
Max Drawdown (1Y) Largest decline over 1 year	-8.52%	-8.58%	+0.06%
Max Drawdown (3Y) Largest decline over 3 years	-16.28%	-19.46%	+3.18%
Max Drawdown (5Y) Largest decline over 5 years	-26.20%	-25.64%	-0.56%
Current Drawdown Current decline from peak	-0.60%	-0.49%	-0.11%
Average Drawdown Average peak-to-trough decline	-5.03%	-5.30%	+0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	2.23%	-0.09%

Volatility

HSWD.L vs. LGUS.L - Volatility Comparison

HSBC Developed World Screened Equity UCITS ETF (HSWD.L) and L&G US Equity UCITS ETF (LGUS.L) have volatilities of 2.93% and 2.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HSWD.L	LGUS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	2.86%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	10.08%	9.41%	+0.67%
Volatility (1Y) Calculated over the trailing 1-year period	12.05%	12.47%	-0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.96%	16.51%	-1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.86%	18.10%	-3.24%

HSWD.L vs. LGUS.L - Expense Ratio Comparison

HSWD.L has a 0.18% 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

HSWD.L vs. LGUS.L - Dividend Comparison

Neither HSWD.L nor LGUS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both HSWD.L and LGUS.L in my portfolio?

HSWD.L and LGUS.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.

Which ETF is better, HSWD.L or LGUS.L?

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.

Which ETF is cheaper, HSWD.L or LGUS.L?

LGUS.L is cheaper with a 0.05% expense ratio, compared with 0.18% for HSWD.L.

What is the main difference between HSWD.L and LGUS.L?

HSWD.L tracks HSBC Developed World 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: 0.18% for HSWD.L and 0.05% for LGUS.L.