SDUS.L vs. HSUS.L

Last updated Jun 5, 2026

SDUS.L (iShares MSCI USA ESG Screened UCITS ETF USD (Dist)) 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, SDUS.L returned 14.04%/yr vs 12.94%/yr for HSUS.L. Their correlation of 0.89 suggests significant overlap in exposure. SDUS.L charges 0.07%/yr vs 0.12%/yr for HSUS.L.

Performance

SDUS.L vs. HSUS.L - Performance Comparison

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

Different Trading Currencies

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

Returns By Period

In the year-to-date period, SDUS.L achieves a 10.25% return, which is significantly lower than HSUS.L's 14.24% return.

SDUS.L

• 1D: 0.08%
• 1M: 5.05%
• YTD: 10.25%
• 6M: 10.89%
• 1Y: 28.55%
• 3Y*: 23.31%
• 5Y*: 14.04%
• 10Y*: —

HSUS.L

• 1D: 0.54%
• 1M: 7.73%
• YTD: 14.24%
• 6M: 16.46%
• 1Y: 34.99%
• 3Y*: 21.54%
• 5Y*: 12.94%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SDUS.L iShares MSCI USA ESG Screened UCITS ETF USD (Dist)	10.25%	17.72%	26.89%	30.69%	-21.32%	28.28%	20.57%
HSUS.L HSBC USA Sustainable Equity UCITS ETF USD	14.24%	19.15%	19.80%	21.17%	-17.59%	28.58%	20.05%

Correlation

The correlation between SDUS.L and HSUS.L is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jun 8, 2020	0.89

The correlation between SDUS.L and HSUS.L has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

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

Sectors	SDUS.L	HSUS.L
Technology	38.0%	45.5%
Financial Services	12.4%	14.4%
Communication Services	12.1%	6.5%
Consumer Cyclical	10.8%	8.2%
Healthcare	9.2%	13.8%
Industrials	7.7%	2.8%
Consumer Defensive	2.7%	2.0%
Real Estate	2.0%	0.6%
Energy	1.9%	2.2%
Basic Materials	1.8%	4.0%
Utilities	1.3%	0.2%

Return for Risk

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

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

SDUS.L

SDUS.L Risk / Return Rank: 70
SDUS.L Sharpe Ratio Rank: 71
SDUS.L Sortino Ratio Rank: 75
SDUS.L Omega Ratio Rank: 71
SDUS.L Calmar Ratio Rank: 62
SDUS.L Martin Ratio Rank: 69

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.

SDUS.L vs. HSUS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA ESG Screened UCITS ETF USD (Dist) (SDUS.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.

	SDUS.L	HSUS.L	Difference
Sharpe ratio: Return per unit of total volatility	2.28	3.24	-0.96
Sortino ratio: Return per unit of downside risk	3.33	4.61	-1.28
Omega ratio: Gain probability vs. loss probability	1.41	1.57	-0.16
Calmar ratio: Return relative to maximum drawdown	3.00	4.35	-1.36
Martin ratio: Return relative to average drawdown	12.48	17.11	-4.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current SDUS.L Sharpe Ratio is 2.28, which is comparable to the HSUS.L Sharpe Ratio of 3.24. The chart below compares the historical Sharpe Ratios of SDUS.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

	SDUS.L	HSUS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	3.24	-0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.86	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	1.08	-0.17

Drawdowns

SDUS.L vs. HSUS.L - Drawdown Comparison

The maximum SDUS.L drawdown since its inception was -33.90%, which is greater than HSUS.L's maximum drawdown of -25.41%. Use the drawdown chart below to compare losses from any high point for SDUS.L and HSUS.L.

Drawdown Indicators

	SDUS.L	HSUS.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.90%	-25.41%	-8.49%
Max Drawdown (1Y) Largest decline over 1 year	-9.48%	-8.00%	-1.48%
Max Drawdown (3Y) Largest decline over 3 years	-20.29%	-20.00%	-0.29%
Max Drawdown (5Y) Largest decline over 5 years	-26.23%	-25.41%	-0.82%
Current Drawdown Current decline from peak	-0.54%	0.00%	-0.54%
Average Drawdown Average peak-to-trough decline	-5.44%	-5.22%	-0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	2.04%	+0.24%

Volatility

SDUS.L vs. HSUS.L - Volatility Comparison

iShares MSCI USA ESG Screened UCITS ETF USD (Dist) (SDUS.L) has a higher volatility of 3.55% compared to HSBC USA Sustainable Equity UCITS ETF USD (HSUS.L) at 2.84%. This indicates that SDUS.L's price experiences larger fluctuations and is considered to be riskier than HSUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDUS.L	HSUS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.55%	2.84%	+0.71%
Volatility (6M) Calculated over the trailing 6-month period	9.26%	7.98%	+1.28%
Volatility (1Y) Calculated over the trailing 1-year period	12.46%	10.77%	+1.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.80%	15.04%	+1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.23%	15.37%	+2.86%

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

SDUS.L has a 0.07% expense ratio, which is lower than HSUS.L's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SDUS.L vs. HSUS.L - Dividend Comparison

SDUS.L's dividend yield for the trailing twelve months is around 0.73%, while HSUS.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HSUS.L HSBC USA Sustainable Equity UCITS ETF USD	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SDUS.L iShares MSCI USA ESG Screened UCITS ETF USD (Dist)	0.73%	0.80%	0.90%	1.06%	1.32%	0.95%	1.18%	1.40%	0.22%

Frequently Asked Questions

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

SDUS.L and HSUS.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, SDUS.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

SDUS.L is cheaper with a 0.07% expense ratio, compared with 0.12% for HSUS.L.

What is the main difference between SDUS.L and HSUS.L?

Both ETFs track Russell 1000 TR USD. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.07% for SDUS.L and 0.12% for HSUS.L.