HSXJ.L vs. ASDV.L

Last updated Apr 2, 2026

Compare and contrast key facts about HSBC Asia Pacific ex Japan Sustainable Equity UCITS ETF USD (HSXJ.L) and SPDR S&P Pan Asia Dividend Aristocrats UCITS (ASDV.L).

HSXJ.L and ASDV.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HSXJ.L is a passively managed fund by HSBC that tracks the performance of the MSCI AC Asia Pac Ex JPN NR USD. It was launched on Aug 20, 2020. ASDV.L is a passively managed fund by State Street that tracks the performance of the MSCI AC Asia Pacific NR USD. It was launched on May 14, 2013. Both HSXJ.L and ASDV.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

HSXJ.L vs. ASDV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC Asia Pacific ex Japan Sustainable Equity UCITS ETF USD (HSXJ.L) and SPDR S&P Pan Asia Dividend Aristocrats UCITS (ASDV.L). The values are adjusted to include any dividend payments, if applicable.

HSXJ.L vs. ASDV.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
HSXJ.L HSBC Asia Pacific ex Japan Sustainable Equity UCITS ETF USD	7.29%	23.23%	16.70%	-1.41%	-5.93%	0.54%	16.27%
ASDV.L SPDR S&P Pan Asia Dividend Aristocrats UCITS	5.11%	14.49%	6.67%	9.70%	-5.57%	3.51%	6.10%

Different Trading Currencies

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

Returns By Period

In the year-to-date period, HSXJ.L achieves a 7.29% return, which is significantly higher than ASDV.L's 5.11% return.

HSXJ.L

• 1D: 3.05%
• 1M: -5.59%
• YTD: 7.29%
• 6M: 11.93%
• 1Y: 34.94%
• 3Y*: 14.66%
• 5Y*: 6.69%
• 10Y*: —

ASDV.L

• 1D: 1.81%
• 1M: -1.29%
• YTD: 5.11%
• 6M: 7.29%
• 1Y: 17.37%
• 3Y*: 11.77%
• 5Y*: 5.71%
• 10Y*: 7.82%

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

HSXJ.L vs. ASDV.L - Expense Ratio Comparison

HSXJ.L has a 0.25% expense ratio, which is lower than ASDV.L's 0.55% expense ratio.

ASDV.L

SPDR S&P Pan Asia Dividend Aristocrats UCITS

HSXJ.L

HSBC Asia Pacific ex Japan Sustainable Equity UCITS ETF USD

Return for Risk

HSXJ.L vs. ASDV.L — Risk / Return Rank

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

HSXJ.L

HSXJ.L Risk / Return Rank: 88
HSXJ.L Sharpe Ratio Rank: 89
HSXJ.L Sortino Ratio Rank: 88
HSXJ.L Omega Ratio Rank: 88
HSXJ.L Calmar Ratio Rank: 89
HSXJ.L Martin Ratio Rank: 86

ASDV.L

ASDV.L Risk / Return Rank: 78
ASDV.L Sharpe Ratio Rank: 79
ASDV.L Sortino Ratio Rank: 77
ASDV.L Omega Ratio Rank: 75
ASDV.L Calmar Ratio Rank: 84
ASDV.L Martin Ratio Rank: 75

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.

HSXJ.L vs. ASDV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC Asia Pacific ex Japan Sustainable Equity UCITS ETF USD (HSXJ.L) and SPDR S&P Pan Asia Dividend Aristocrats UCITS (ASDV.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.

	HSXJ.L	ASDV.L	Difference
Sharpe ratio Return per unit of total volatility	2.00	1.46	+0.54
Sortino ratio Return per unit of downside risk	2.54	1.97	+0.57
Omega ratio Gain probability vs. loss probability	1.38	1.27	+0.10
Calmar ratio Return relative to maximum drawdown	3.23	2.76	+0.47
Martin ratio Return relative to average drawdown	11.12	8.22	+2.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HSXJ.L vs. ASDV.L - Sharpe Ratio Comparison

The current HSXJ.L Sharpe Ratio is 2.00, which is higher than the ASDV.L Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of HSXJ.L and ASDV.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.

Sharpe Ratios by Period

	HSXJ.L	ASDV.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	1.46	+0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.43	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.50	+0.10

Correlation

The correlation between HSXJ.L and ASDV.L is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HSXJ.L vs. ASDV.L - Dividend Comparison

HSXJ.L has not paid dividends to shareholders, while ASDV.L's dividend yield for the trailing twelve months is around 2.88%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HSXJ.L HSBC Asia Pacific ex Japan 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%
ASDV.L SPDR S&P Pan Asia Dividend Aristocrats UCITS	2.88%	2.85%	3.11%	2.89%	3.63%	2.98%	2.82%	2.65%	2.52%	1.70%	2.37%	3.24%

Drawdowns

HSXJ.L vs. ASDV.L - Drawdown Comparison

The maximum HSXJ.L drawdown since its inception was -25.60%, smaller than the maximum ASDV.L drawdown of -27.03%. Use the drawdown chart below to compare losses from any high point for HSXJ.L and ASDV.L.

Drawdown Indicators

	HSXJ.L	ASDV.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.60%	-35.08%	+9.48%
Max Drawdown (1Y) Largest decline over 1 year	-12.10%	-8.61%	-3.49%
Max Drawdown (5Y) Largest decline over 5 years	-21.47%	-35.08%	+13.61%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.08%	—
Current Drawdown Current decline from peak	-7.90%	-4.71%	-3.19%
Average Drawdown Average peak-to-trough decline	-9.76%	-8.21%	-1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	2.45%	+0.73%

Volatility

HSXJ.L vs. ASDV.L - Volatility Comparison

HSBC Asia Pacific ex Japan Sustainable Equity UCITS ETF USD (HSXJ.L) has a higher volatility of 6.62% compared to SPDR S&P Pan Asia Dividend Aristocrats UCITS (ASDV.L) at 4.75%. This indicates that HSXJ.L's price experiences larger fluctuations and is considered to be riskier than ASDV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HSXJ.L	ASDV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.62%	4.75%	+1.87%
Volatility (6M) Calculated over the trailing 6-month period	12.34%	8.46%	+3.88%
Volatility (1Y) Calculated over the trailing 1-year period	17.40%	11.91%	+5.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.94%	13.24%	+2.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.97%	15.00%	+0.97%