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

HSXJ.L vs. HMUD.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 HSBC MSCI USA UCITS ETF (HMUD.L).

HSXJ.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. 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. 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 HSXJ.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

HSXJ.L vs. HMUD.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 HSBC MSCI USA UCITS ETF (HMUD.L). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)202520242023202220212020
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%
HMUD.L
HSBC MSCI USA UCITS ETF		-1.70%5.78%27.24%21.09%-10.74%28.57%7.33%
Different Trading Currencies

HSXJ.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, HSXJ.L achieves a 7.29% return, which is significantly higher than HMUD.L's -1.70% 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*
—

HMUD.L

1D
0.41%
1M
-2.97%
YTD
-1.70%
6M
0.55%
1Y
13.22%
3Y*
15.14%
5Y*
11.71%
10Y*
14.34%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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HSBC Asia Pacific ex Japan 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. VBKHMUD.L vs. VOO

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

HSXJ.L has a 0.25% expense ratio, which is lower than HMUD.L's 0.30% expense ratio.

HMUD.L
HSBC MSCI USA UCITS ETF
HSXJ.L
HSBC Asia Pacific ex Japan Sustainable Equity UCITS ETF USD

Return for Risk

HSXJ.L vs. HMUD.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: 8888
Overall Rank
HSXJ.L Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
HSXJ.L Sortino Ratio Rank: 8888
Sortino Ratio Rank
HSXJ.L Omega Ratio Rank: 8888
Omega Ratio Rank
HSXJ.L Calmar Ratio Rank: 8989
Calmar Ratio Rank
HSXJ.L Martin Ratio Rank: 8686
Martin Ratio Rank
HMUD.L
HMUD.L Risk / Return Rank: 6161
Overall Rank
HMUD.L Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
HMUD.L Sortino Ratio Rank: 4949
Sortino Ratio Rank
HMUD.L Omega Ratio Rank: 4949
Omega Ratio Rank
HMUD.L Calmar Ratio Rank: 7676
Calmar Ratio Rank
HMUD.L Martin Ratio Rank: 8383
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.

HSXJ.L vs. HMUD.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 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.

HSXJ.LHMUD.LDifference

Sharpe ratio

Return per unit of total volatility

2.00

0.84

+1.16

Sortino ratio

Return per unit of downside risk

2.54

1.24

+1.30

Omega ratio

Gain probability vs. loss probability

1.38

1.17

+0.20

Calmar ratio

Return relative to maximum drawdown

3.23

2.76

+0.47

Martin ratio

Return relative to average drawdown

11.12

9.67

+1.44

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. HMUD.L - Sharpe Ratio Comparison

The current HSXJ.L Sharpe Ratio is 2.00, which is higher than the HMUD.L Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of HSXJ.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

HSXJ.LHMUD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.00

0.84

+1.16

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.42

0.75

-0.33

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.87

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.60

0.91

-0.31

Correlation

The correlation between HSXJ.L and HMUD.L is 0.52, 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. HMUD.L - Dividend Comparison

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

TTM20252024202320222021202020192018201720162015
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%
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

HSXJ.L vs. HMUD.L - Drawdown Comparison

The maximum HSXJ.L drawdown since its inception was -25.60%, roughly equal to the maximum HMUD.L drawdown of -26.43%. Use the drawdown chart below to compare losses from any high point for HSXJ.L and HMUD.L.

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Drawdown Indicators

HSXJ.LHMUD.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.60%

-34.30%

+8.70%

Max Drawdown (1Y)

Largest decline over 1 year

-12.10%

-8.90%

-3.20%

Max Drawdown (5Y)

Largest decline over 5 years

-21.47%

-25.47%

+4.00%

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.30%

—

Current Drawdown

Current decline from peak

-7.90%

-5.72%

-2.18%

Average Drawdown

Average peak-to-trough decline

-9.76%

-4.09%

-5.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.18%

1.86%

+1.32%

Volatility

HSXJ.L vs. HMUD.L - Volatility Comparison

HSBC Asia Pacific ex Japan Sustainable Equity UCITS ETF USD (HSXJ.L) has a higher volatility of 6.62% compared to HSBC MSCI USA UCITS ETF (HMUD.L) at 4.47%. This indicates that HSXJ.L's price experiences larger fluctuations and is considered to be riskier 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

HSXJ.LHMUD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.62%

4.47%

+2.15%

Volatility (6M)

Calculated over the trailing 6-month period

12.34%

8.49%

+3.85%

Volatility (1Y)

Calculated over the trailing 1-year period

17.40%

15.75%

+1.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.94%

15.54%

+0.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.97%

16.57%

-0.60%