MVEA.L vs. HMUD.L
MVEA.L (iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF) and HMUD.L (HSBC MSCI USA UCITS ETF) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from iShares and HSBC respectively. Both are passively managed. Over the past 5 years, MVEA.L returned 5.66%/yr vs 12.48%/yr for HMUD.L. A 0.71 correlation means they provide meaningful diversification when combined. MVEA.L charges 0.20%/yr vs 0.30%/yr for HMUD.L.
Performance
MVEA.L vs. HMUD.L - Performance Comparison
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Different Trading Currencies
MVEA.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, MVEA.L achieves a 1.58% return, which is significantly lower than HMUD.L's 11.10% return.
MVEA.L
- 1D
- -1.38%
- 1M
- 0.00%
- 6M
- 1.74%
- YTD
- 1.58%
- 1Y
- 3.05%
- 3Y*
- 7.35%
- 5Y*
- 5.66%
- 10Y*
- —
HMUD.L
- 1D
- 0.54%
- 1M
- 0.42%
- 6M
- 9.66%
- YTD
- 11.10%
- 1Y
- 20.78%
- 3Y*
- 18.00%
- 5Y*
- 12.48%
- 10Y*
- 14.28%
MVEA.L vs. HMUD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MVEA.L iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF | 1.58% | -2.77% | 15.04% | 6.33% | -1.36% | 25.81% | 0.75% |
HMUD.L HSBC MSCI USA UCITS ETF | 11.10% | 5.78% | 27.23% | 21.11% | -10.74% | 28.57% | 9.31% |
Correlation
The correlation between MVEA.L and HMUD.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2020 | 0.71 |
Over the past year, the correlation between MVEA.L and HMUD.L has dropped to 0.48 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
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Return for Risk
MVEA.L vs. HMUD.L — Risk / Return Rank
MVEA.L
HMUD.L
MVEA.L vs. HMUD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.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.
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.
| MVEA.L | HMUD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.33 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 3.19 | -2.63 |
| Martin ratioReturn relative to average drawdown | 1.41 | 11.20 | -9.79 |
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Drawdowns
MVEA.L vs. HMUD.L - Drawdown Comparison
The maximum MVEA.L drawdown since its inception was -14.33%, smaller than the maximum HMUD.L drawdown of -26.44%. Use the drawdown chart below to compare losses from any high point for MVEA.L and HMUD.L.
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Drawdown Indicators
| MVEA.L | HMUD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.33% | -26.44% | +12.11% |
Max Drawdown (1Y)Largest decline over 1 year | -5.39% | -6.79% | +1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -14.33% | -21.52% | +7.19% |
Max Drawdown (5Y)Largest decline over 5 years | -14.33% | -21.52% | +7.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.44% | — |
Current DrawdownCurrent decline from peak | -7.09% | -0.89% | -6.20% |
Average DrawdownAverage peak-to-trough decline | -4.45% | -3.45% | -1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 1.94% | +0.22% |
Volatility
MVEA.L vs. HMUD.L - Volatility Comparison
The current volatility for iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.L) is 2.75%, while HSBC MSCI USA UCITS ETF (HMUD.L) has a volatility of 3.59%. This indicates that MVEA.L experiences smaller price fluctuations and is considered to be less risky 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
| MVEA.L | HMUD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.75% | 3.59% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 6.52% | 8.92% | -2.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.91% | 11.67% | -2.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.68% | 15.62% | -3.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.89% | 16.40% | -4.51% |
MVEA.L vs. HMUD.L - Expense Ratio Comparison
MVEA.L has a 0.20% expense ratio, which is lower than HMUD.L's 0.30% expense ratio.
Dividends
MVEA.L vs. HMUD.L - Dividend Comparison
MVEA.L has not paid dividends to shareholders, while HMUD.L's dividend yield for the trailing twelve months is around 0.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMUD.L HSBC MSCI USA UCITS ETF | 0.90% | 0.95% | 0.82% | 0.97% | 1.07% | 0.78% | 1.11% | 1.22% | 1.45% | 1.24% | 1.43% | 1.43% |
MVEA.L iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MVEA.L and HMUD.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVEA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVEA.L is cheaper with a 0.20% expense ratio, compared with 0.30% for HMUD.L.
Both ETFs track Russell 1000 TR USD. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.20% for MVEA.L and 0.30% for HMUD.L.
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