IGDA.L vs. HMUS.L

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) and HSBC MSCI USA UCITS ETF (HMUS.L).

IGDA.L and HMUS.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGDA.L is a passively managed fund by Invesco that tracks the performance of the Dow Jones Islamic Market Developed Markets Index. It was launched on Jan 7, 2022. HMUS.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 IGDA.L and HMUS.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

IGDA.L vs. HMUS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) and HSBC MSCI USA UCITS ETF (HMUS.L). The values are adjusted to include any dividend payments, if applicable.

IGDA.L vs. HMUS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc	-5.89%	18.74%	17.94%	29.72%	-14.30%
HMUS.L HSBC MSCI USA UCITS ETF	-5.45%	14.43%	24.96%	26.88%	-11.65%

Different Trading Currencies

IGDA.L is traded in USD, while HMUS.L is traded in GBp. To make them comparable, the HMUS.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IGDA.L achieves a -5.89% return, which is significantly lower than HMUS.L's -5.45% return.

IGDA.L

• 1D: 0.81%
• 1M: -8.14%
• YTD: -5.89%
• 6M: -0.88%
• 1Y: 20.85%
• 3Y*: 15.76%
• 5Y*: —
• 10Y*: —

HMUS.L

• 1D: 0.97%
• 1M: -7.25%
• YTD: -5.45%
• 6M: -1.68%
• 1Y: 15.35%
• 3Y*: 17.19%
• 5Y*: 10.32%
• 10Y*: 13.27%

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

IGDA.L vs. HMUS.L - Expense Ratio Comparison

IGDA.L has a 0.40% expense ratio, which is higher than HMUS.L's 0.30% expense ratio.

IGDA.L

Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc

HMUS.L

HSBC MSCI USA UCITS ETF

Return for Risk

IGDA.L vs. HMUS.L — Risk / Return Rank

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

IGDA.L

IGDA.L Risk / Return Rank: 71
IGDA.L Sharpe Ratio Rank: 72
IGDA.L Sortino Ratio Rank: 72
IGDA.L Omega Ratio Rank: 68
IGDA.L Calmar Ratio Rank: 67
IGDA.L Martin Ratio Rank: 74

HMUS.L

HMUS.L Risk / Return Rank: 43
HMUS.L Sharpe Ratio Rank: 47
HMUS.L Sortino Ratio Rank: 46
HMUS.L Omega Ratio Rank: 46
HMUS.L Calmar Ratio Rank: 36
HMUS.L Martin Ratio Rank: 39

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.

IGDA.L vs. HMUS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) and HSBC MSCI USA UCITS ETF (HMUS.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.

	IGDA.L	HMUS.L	Difference
Sharpe ratio Return per unit of total volatility	1.23	0.96	+0.26
Sortino ratio Return per unit of downside risk	1.75	1.44	+0.32
Omega ratio Gain probability vs. loss probability	1.24	1.20	+0.04
Calmar ratio Return relative to maximum drawdown	1.62	0.97	+0.66
Martin ratio Return relative to average drawdown	7.29	4.78	+2.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGDA.L vs. HMUS.L - Sharpe Ratio Comparison

The current IGDA.L Sharpe Ratio is 1.23, which is comparable to the HMUS.L Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of IGDA.L and HMUS.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

	IGDA.L	HMUS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	0.96	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.69	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.90	-0.33

Correlation

The correlation between IGDA.L and HMUS.L is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

IGDA.L vs. HMUS.L - Dividend Comparison

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

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HMUS.L HSBC MSCI USA UCITS ETF	0.81%	0.98%	0.81%	0.99%	1.01%	0.76%	1.17%	1.27%	1.38%	1.33%	1.29%	1.38%

Drawdowns

IGDA.L vs. HMUS.L - Drawdown Comparison

The maximum IGDA.L drawdown since its inception was -24.18%, smaller than the maximum HMUS.L drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for IGDA.L and HMUS.L.

Drawdown Indicators

	IGDA.L	HMUS.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.18%	-25.78%	+1.60%
Max Drawdown (1Y) Largest decline over 1 year	-11.73%	-10.82%	-0.91%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.56%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-25.78%	—
Current Drawdown Current decline from peak	-8.98%	-6.04%	-2.94%
Average Drawdown Average peak-to-trough decline	-5.37%	-3.45%	-1.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	3.11%	-0.50%

Volatility

IGDA.L vs. HMUS.L - Volatility Comparison

Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) has a higher volatility of 5.17% compared to HSBC MSCI USA UCITS ETF (HMUS.L) at 3.85%. This indicates that IGDA.L's price experiences larger fluctuations and is considered to be riskier than HMUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGDA.L	HMUS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.17%	3.85%	+1.32%
Volatility (6M) Calculated over the trailing 6-month period	9.69%	8.31%	+1.38%
Volatility (1Y) Calculated over the trailing 1-year period	17.00%	16.47%	+0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.64%	16.60%	+2.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.64%	17.32%	+1.32%