MVEA.L vs. HSUS.L

Last updated Jun 5, 2026

MVEA.L (iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF) and HSUS.L (HSBC USA Sustainable Equity UCITS ETF USD) 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 7.01%/yr vs 14.14%/yr for HSUS.L. A 0.79 correlation means they provide meaningful diversification when combined. MVEA.L charges 0.20%/yr vs 0.12%/yr for HSUS.L.

Performance

MVEA.L vs. HSUS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.L) and HSBC USA Sustainable Equity UCITS ETF USD (HSUS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MVEA.L achieves a 1.73% return, which is significantly lower than HSUS.L's 14.52% return.

MVEA.L

• 1D: 0.03%
• 1M: 3.05%
• YTD: 1.73%
• 6M: 1.61%
• 1Y: 3.60%
• 3Y*: 6.81%
• 5Y*: 7.01%
• 10Y*: —

HSUS.L

• 1D: 0.49%
• 1M: 8.65%
• YTD: 14.52%
• 6M: 15.61%
• 1Y: 36.29%
• 3Y*: 18.49%
• 5Y*: 14.14%
• 10Y*: —

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

MVEA.L vs. HSUS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MVEA.L iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF	1.73%	-2.72%	14.94%	6.35%	-1.55%	26.04%	0.75%
HSUS.L HSBC USA Sustainable Equity UCITS ETF USD	14.52%	10.79%	21.83%	15.09%	-7.73%	29.76%	6.67%

Correlation

The correlation between MVEA.L and HSUS.L is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jul 20, 2020	0.79

Over the past year, the correlation between MVEA.L and HSUS.L has dropped to 0.54 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.

MVEA.L vs. HSUS.L - Sectors Allocation Comparison

Sectors	MVEA.L	HSUS.L
Technology	30.2%	45.5%
Healthcare	15.0%	13.8%
Financial Services	12.7%	14.4%
Consumer Defensive	9.3%	2.0%
Consumer Cyclical	6.6%	8.2%
Communication Services	6.2%	6.5%
Industrials	5.7%	2.8%
Utilities	4.7%	0.2%
Energy	3.4%	2.2%
Basic Materials	3.2%	4.0%
Real Estate	3.1%	0.6%

Return for Risk

MVEA.L vs. HSUS.L — Risk / Return Rank

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

MVEA.L

MVEA.L Risk / Return Rank: 16
MVEA.L Sharpe Ratio Rank: 16
MVEA.L Sortino Ratio Rank: 15
MVEA.L Omega Ratio Rank: 15
MVEA.L Calmar Ratio Rank: 17
MVEA.L Martin Ratio Rank: 17

HSUS.L

HSUS.L Risk / Return Rank: 93
HSUS.L Sharpe Ratio Rank: 94
HSUS.L Sortino Ratio Rank: 94
HSUS.L Omega Ratio Rank: 93
HSUS.L Calmar Ratio Rank: 93
HSUS.L Martin Ratio Rank: 92

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.

MVEA.L vs. HSUS.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 USA Sustainable Equity UCITS ETF USD (HSUS.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.

	MVEA.L	HSUS.L	Difference
Sharpe ratio: Return per unit of total volatility	0.42	3.49	-3.07
Sortino ratio: Return per unit of downside risk	0.65	4.69	-4.04
Omega ratio: Gain probability vs. loss probability	1.08	1.64	-0.56
Calmar ratio: Return relative to maximum drawdown	0.66	6.41	-5.75
Martin ratio: Return relative to average drawdown	1.64	22.69	-21.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MVEA.L vs. HSUS.L - Sharpe Ratio Comparison

The current MVEA.L Sharpe Ratio is 0.42, which is lower than the HSUS.L Sharpe Ratio of 3.49. The chart below compares the historical Sharpe Ratios of MVEA.L and HSUS.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MVEA.L	HSUS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.42	3.49	-3.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	1.03	-0.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	1.09	-0.47

Drawdowns

MVEA.L vs. HSUS.L - Drawdown Comparison

The maximum MVEA.L drawdown since its inception was -14.36%, smaller than the maximum HSUS.L drawdown of -20.92%. Use the drawdown chart below to compare losses from any high point for MVEA.L and HSUS.L.

Drawdown Indicators

	MVEA.L	HSUS.L	Difference
Max Drawdown Largest peak-to-trough decline	-14.36%	-20.92%	+6.56%
Max Drawdown (1Y) Largest decline over 1 year	-5.43%	-5.63%	+0.20%
Max Drawdown (3Y) Largest decline over 3 years	-14.36%	-20.92%	+6.56%
Max Drawdown (5Y) Largest decline over 5 years	-14.36%	-20.92%	+6.56%
Current Drawdown Current decline from peak	-6.95%	0.00%	-6.95%
Average Drawdown Average peak-to-trough decline	-4.43%	-3.18%	-1.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	1.59%	+0.60%

Volatility

MVEA.L vs. HSUS.L - Volatility Comparison

iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.L) and HSBC USA Sustainable Equity UCITS ETF USD (HSUS.L) have volatilities of 2.87% and 2.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MVEA.L	HSUS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	2.97%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	6.11%	7.46%	-1.35%
Volatility (1Y) Calculated over the trailing 1-year period	8.60%	10.36%	-1.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.61%	13.77%	-2.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.94%	14.20%	-2.26%

MVEA.L vs. HSUS.L - Expense Ratio Comparison

MVEA.L has a 0.20% expense ratio, which is higher than HSUS.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

MVEA.L vs. HSUS.L - Dividend Comparison

Neither MVEA.L nor HSUS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MVEA.L and HSUS.L in my portfolio?

MVEA.L and HSUS.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MVEA.L or HSUS.L?

On fees, HSUS.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MVEA.L or HSUS.L?

HSUS.L is cheaper with a 0.12% expense ratio, compared with 0.20% for MVEA.L.

What is the main difference between MVEA.L and HSUS.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 0.12% for HSUS.L.