UQLT.L vs. HSUS.L
UQLT.L (UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist)) and HSUS.L (HSBC USA Sustainable Equity UCITS ETF USD) are both Large Cap Blend Equities funds - UQLT.L tracks the MSCI USA Quality Advanced Target Select 100% Hedged to GBP Index while HSUS.L tracks the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, UQLT.L returned 11.21%/yr vs 12.40%/yr for HSUS.L. A 0.74 correlation means they provide meaningful diversification when combined. UQLT.L charges 0.28%/yr vs 0.12%/yr for HSUS.L.
Performance
UQLT.L vs. HSUS.L - Performance Comparison
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Different Trading Currencies
UQLT.L is traded in GBp, while HSUS.L is traded in GBP. To make them comparable, the HSUS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, UQLT.L achieves a 10.15% return, which is significantly lower than HSUS.L's 12.03% return.
UQLT.L
- 1D
- -0.84%
- 1M
- 0.58%
- 6M
- 8.77%
- YTD
- 10.15%
- 1Y
- 23.33%
- 3Y*
- 18.68%
- 5Y*
- 11.21%
- 10Y*
- 14.42%
HSUS.L
- 1D
- -0.13%
- 1M
- -1.20%
- 6M
- 11.74%
- YTD
- 12.03%
- 1Y
- 24.57%
- 3Y*
- 17.78%
- 5Y*
- 12.40%
- 10Y*
- —
UQLT.L vs. HSUS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UQLT.L UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist) | 10.15% | 17.64% | 20.58% | 33.76% | -25.29% | 27.69% | 18.26% |
HSUS.L HSBC USA Sustainable Equity UCITS ETF USD | 12.03% | 10.79% | 21.80% | 15.11% | -7.73% | 29.76% | -12.05% |
Correlation
The correlation between UQLT.L and HSUS.L is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.74 |
The correlation between UQLT.L and HSUS.L has been stable across timeframes, ranging from 0.71 to 0.74 - a consistent structural relationship.
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Return for Risk
UQLT.L vs. HSUS.L — Risk / Return Rank
UQLT.L
HSUS.L
UQLT.L vs. HSUS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist) (UQLT.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.
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.
| UQLT.L | HSUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.41 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 4.34 | -2.35 |
| Martin ratioReturn relative to average drawdown | 8.36 | 14.69 | -6.33 |
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Drawdowns
UQLT.L vs. HSUS.L - Drawdown Comparison
The maximum UQLT.L drawdown since its inception was -33.41%, which is greater than HSUS.L's maximum drawdown of -22.75%. Use the drawdown chart below to compare losses from any high point for UQLT.L and HSUS.L.
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Drawdown Indicators
| UQLT.L | HSUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.41% | -22.75% | -10.66% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -5.63% | -6.00% |
Max Drawdown (3Y)Largest decline over 3 years | -21.34% | -20.93% | -0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -31.53% | -20.93% | -10.60% |
Max Drawdown (10Y)Largest decline over 10 years | -33.41% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | -2.69% | +1.85% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -7.57% | +2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 1.67% | +1.11% |
Volatility
UQLT.L vs. HSUS.L - Volatility Comparison
UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist) (UQLT.L) has a higher volatility of 3.81% compared to HSBC USA Sustainable Equity UCITS ETF USD (HSUS.L) at 3.41%. This indicates that UQLT.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.
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Volatility by Period
| UQLT.L | HSUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 3.41% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 8.46% | +2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.88% | 11.03% | +2.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.85% | 23.85% | -6.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 24.09% | -6.60% |
UQLT.L vs. HSUS.L - Expense Ratio Comparison
UQLT.L has a 0.28% expense ratio, which is higher than HSUS.L's 0.12% expense ratio.
Dividends
UQLT.L vs. HSUS.L - Dividend Comparison
UQLT.L's dividend yield for the trailing twelve months is around 0.22%, while HSUS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
UQLT.L UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist) | 0.22% | 0.54% | 0.30% | 0.78% | 0.81% | 0.70% | 0.86% | 0.93% | 1.24% | 1.04% | 0.65% |
Frequently Asked Questions
UQLT.L and HSUS.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
HSUS.L is cheaper with a 0.12% expense ratio, compared with 0.28% for UQLT.L.
UQLT.L tracks MSCI USA Quality Advanced Target Select 100% Hedged to GBP Index, while HSUS.L tracks Russell 1000 TR USD. They also come from different issuers: UBS and HSBC. Their fees differ too: 0.28% for UQLT.L and 0.12% for HSUS.L.
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