HSXD.L vs. JPSG.L
HSXD.L (HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF USD (Acc)) and JPSG.L (iShares MSCI Japan SRI UCITS ETF GBP Hedged (Acc)) 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 JPSG.L is a Japan Equities fund tracking the MSCI Japan SRI Select Reduced Fossil Fuel Index. Both are passively managed. Over the past 3 years, HSXD.L returned 23.11%/yr vs 20.93%/yr for JPSG.L. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
HSXD.L vs. JPSG.L - Performance Comparison
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Different Trading Currencies
HSXD.L is traded in USD, while JPSG.L is traded in GBP. To make them comparable, the JPSG.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 JPSG.L's 11.80% 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*
- —
JPSG.L
- 1D
- -1.64%
- 1M
- 4.01%
- 6M
- 7.70%
- YTD
- 11.80%
- 1Y
- 32.43%
- 3Y*
- 20.93%
- 5Y*
- —
- 10Y*
- —
HSXD.L vs. JPSG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HSXD.L HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF USD (Acc) | 24.31% | 32.35% | 14.83% | 2.99% |
JPSG.L iShares MSCI Japan SRI UCITS ETF GBP Hedged (Acc) | 11.80% | 32.57% | 15.36% | 25.70% |
Correlation
The correlation between HSXD.L and JPSG.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2023 | 0.52 |
The correlation between HSXD.L and JPSG.L has been stable across timeframes, ranging from 0.50 to 0.52 - a consistent structural relationship.
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Return for Risk
HSXD.L vs. JPSG.L — Risk / Return Rank
HSXD.L
JPSG.L
HSXD.L vs. JPSG.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 iShares MSCI Japan SRI UCITS ETF GBP Hedged (Acc) (JPSG.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 | JPSG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.28 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 2.89 | +0.30 |
| Martin ratioReturn relative to average drawdown | 9.72 | 9.09 | +0.62 |
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Drawdowns
HSXD.L vs. JPSG.L - Drawdown Comparison
The maximum HSXD.L drawdown since its inception was -38.23%, which is greater than JPSG.L's maximum drawdown of -20.59%. Use the drawdown chart below to compare losses from any high point for HSXD.L and JPSG.L.
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Drawdown Indicators
| HSXD.L | JPSG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.23% | -20.59% | -17.64% |
Max Drawdown (1Y)Largest decline over 1 year | -12.86% | -11.17% | -1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -20.22% | -20.59% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -32.61% | — | — |
Current DrawdownCurrent decline from peak | -11.92% | -1.77% | -10.15% |
Average DrawdownAverage peak-to-trough decline | -14.15% | -3.75% | -10.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.23% | 3.56% | +0.67% |
Volatility
HSXD.L vs. JPSG.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 iShares MSCI Japan SRI UCITS ETF GBP Hedged (Acc) (JPSG.L) at 5.61%. This indicates that HSXD.L's price experiences larger fluctuations and is considered to be riskier than JPSG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSXD.L | JPSG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.07% | 5.61% | +4.46% |
Volatility (6M)Calculated over the trailing 6-month period | 20.26% | 15.97% | +4.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.33% | 21.11% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.63% | 21.03% | -1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.16% | 21.03% | -1.87% |
HSXD.L vs. JPSG.L - Expense Ratio Comparison
Both HSXD.L and JPSG.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
HSXD.L vs. JPSG.L - Dividend Comparison
Neither HSXD.L nor JPSG.L has paid dividends to shareholders.
Frequently Asked Questions
HSXD.L and JPSG.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
HSXD.L and JPSG.L have the same expense ratio: 0.25% per year.
HSXD.L is categorized as Asia-Pacific ex-Japan Equity, while JPSG.L is Japan Equities. HSXD.L tracks FTSE Asia Pacific ex Japan ESG Low Carbon Select Index, while JPSG.L tracks MSCI Japan SRI Select Reduced Fossil Fuel Index. They also come from different issuers: HSBC and iShares.
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