HSXD.L vs. HSJP.L

Last updated Jul 18, 2026

HSXD.L (HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF USD (Acc)) and HSJP.L (HSBC Japan Sustainable Equity UCITS ETF USD) are both exchange-traded funds - HSXD.L is a Asia-Pacific ex-Japan Equity fund tracking the FTSE Asia Pacific ex Japan ESG Low Carbon Select Index, while HSJP.L is a Japan Equities fund tracking the TOPIX TR JPY. Both are passively managed. Over the past 5 years, HSXD.L returned 9.41%/yr vs 10.16%/yr for HSJP.L. A 0.56 correlation means they provide meaningful diversification when combined. HSXD.L charges 0.25%/yr vs 0.18%/yr for HSJP.L.

Performance

HSXD.L vs. HSJP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF USD (Acc) (HSXD.L) and HSBC Japan Sustainable Equity UCITS ETF USD (HSJP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, HSXD.L achieves a 24.31% return, which is significantly higher than HSJP.L's 10.83% return.

HSXD.L

• 1D: -2.06%
• 1M: -9.54%
• 6M: 18.38%
• YTD: 24.31%
• 1Y: 41.24%
• 3Y*: 23.11%
• 5Y*: 9.41%
• 10Y*: —

HSJP.L

• 1D: -1.96%
• 1M: -2.38%
• 6M: 4.48%
• YTD: 10.83%
• 1Y: 30.54%
• 3Y*: 17.88%
• 5Y*: 10.16%
• 10Y*: —

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

HSXD.L vs. HSJP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
HSXD.L HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF USD (Acc)	24.31%	32.35%	14.83%	4.23%	-15.92%	-0.71%	22.36%
HSJP.L HSBC Japan Sustainable Equity UCITS ETF USD	10.83%	27.18%	11.96%	19.27%	-15.43%	3.60%	17.29%

Correlation

The correlation between HSXD.L and HSJP.L is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020	0.56

The correlation between HSXD.L and HSJP.L has been stable across timeframes, ranging from 0.50 to 0.56 - a consistent structural relationship.

Return for Risk

HSXD.L vs. HSJP.L — Risk / Return Rank

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

HSXD.L

HSXD.L Risk / Return Rank: 76
HSXD.L Sharpe Ratio Rank: 77
HSXD.L Sortino Ratio Rank: 74
HSXD.L Omega Ratio Rank: 76
HSXD.L Calmar Ratio Rank: 82
HSXD.L Martin Ratio Rank: 72

HSJP.L

HSJP.L Risk / Return Rank: 61
HSJP.L Sharpe Ratio Rank: 62
HSJP.L Sortino Ratio Rank: 59
HSJP.L Omega Ratio Rank: 62
HSJP.L Calmar Ratio Rank: 65
HSJP.L Martin Ratio Rank: 56

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.

HSXD.L vs. HSJP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF USD (Acc) (HSXD.L) and HSBC Japan Sustainable Equity UCITS ETF USD (HSJP.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.

	HSXD.L	HSJP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.48	+0.36
Sortino ratio: Return per unit of downside risk	2.49	2.10	+0.39
Omega ratio: Gain probability vs. loss probability	1.33	1.27	+0.06
Calmar ratio: Return relative to maximum drawdown	3.19	2.07	+1.12
Martin ratio: Return relative to average drawdown	9.72	6.30	+3.42

HSXD.L vs. HSJP.L - Sharpe Ratio Comparison

The current HSXD.L Sharpe Ratio is 1.84, which is comparable to the HSJP.L Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of HSXD.L and HSJP.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

HSXD.L vs. HSJP.L - Drawdown Comparison

The maximum HSXD.L drawdown since its inception was -38.23%, which is greater than HSJP.L's maximum drawdown of -30.83%. Use the drawdown chart below to compare losses from any high point for HSXD.L and HSJP.L.

Drawdown Indicators

	HSXD.L	HSJP.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.23%	-30.83%	-7.40%
Max Drawdown (1Y) Largest decline over 1 year	-12.86%	-14.69%	+1.83%
Max Drawdown (3Y) Largest decline over 3 years	-20.22%	-18.97%	-1.25%
Max Drawdown (5Y) Largest decline over 5 years	-32.61%	-30.83%	-1.78%
Current Drawdown Current decline from peak	-11.92%	-3.83%	-8.09%
Average Drawdown Average peak-to-trough decline	-14.15%	-9.82%	-4.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.23%	4.83%	-0.60%

Volatility

HSXD.L vs. HSJP.L - Volatility Comparison

HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF USD (Acc) (HSXD.L) has a higher volatility of 10.07% compared to HSBC Japan Sustainable Equity UCITS ETF USD (HSJP.L) at 5.53%. This indicates that HSXD.L's price experiences larger fluctuations and is considered to be riskier than HSJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HSXD.L	HSJP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.07%	5.53%	+4.54%
Volatility (6M) Calculated over the trailing 6-month period	20.26%	16.72%	+3.54%
Volatility (1Y) Calculated over the trailing 1-year period	22.33%	20.59%	+1.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.63%	22.89%	-3.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.16%	23.43%	-4.27%

HSXD.L vs. HSJP.L - Expense Ratio Comparison

HSXD.L has a 0.25% expense ratio, which is higher than HSJP.L's 0.18% 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

HSXD.L vs. HSJP.L - Dividend Comparison

Neither HSXD.L nor HSJP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both HSXD.L and HSJP.L in my portfolio?

HSXD.L and HSJP.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HSXD.L or HSJP.L?

On fees, HSJP.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HSXD.L or HSJP.L?

HSJP.L is cheaper with a 0.18% expense ratio, compared with 0.25% for HSXD.L.

What is the main difference between HSXD.L and HSJP.L?

HSXD.L is categorized as Asia-Pacific ex-Japan Equity, while HSJP.L is Japan Equities. HSXD.L tracks FTSE Asia Pacific ex Japan ESG Low Carbon Select Index, while HSJP.L tracks TOPIX TR JPY. Their fees differ too: 0.25% for HSXD.L and 0.18% for HSJP.L.