VNRT.L vs. HSUS.L

Last updated Jun 5, 2026

VNRT.L (Vanguard FTSE North America UCITS ETF Distributing) and HSUS.L (HSBC USA Sustainable Equity UCITS ETF USD) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from Vanguard and HSBC respectively. Both are passively managed. Over the past 5 years, VNRT.L returned 14.08%/yr vs 14.14%/yr for HSUS.L. With a 0.96 correlation, they move nearly in lockstep. VNRT.L charges 0.10%/yr vs 0.12%/yr for HSUS.L.

Performance

VNRT.L vs. HSUS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE North America UCITS ETF Distributing (VNRT.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, VNRT.L achieves a 10.09% return, which is significantly lower than HSUS.L's 14.52% return.

VNRT.L

• 1D: 0.13%
• 1M: 5.67%
• YTD: 10.09%
• 6M: 9.79%
• 1Y: 27.47%
• 3Y*: 18.48%
• 5Y*: 14.08%
• 10Y*: 15.64%

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)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VNRT.L Vanguard FTSE North America UCITS ETF Distributing	10.09%	8.77%	26.36%	19.99%	-9.98%	28.99%	10.83%
HSUS.L HSBC USA Sustainable Equity UCITS ETF USD	14.52%	10.79%	21.83%	15.09%	-7.73%	29.76%	11.33%

Correlation

The correlation between VNRT.L and HSUS.L is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jun 8, 2020	0.96

The correlation between VNRT.L and HSUS.L has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.

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

Sectors	VNRT.L	HSUS.L
Technology	34.4%	45.5%
Financial Services	13.0%	14.4%
Communication Services	10.9%	6.5%
Consumer Cyclical	9.8%	8.2%
Industrials	8.3%	2.8%
Healthcare	8.2%	13.8%
Consumer Defensive	4.7%	2.0%
Energy	4.3%	2.2%
Basic Materials	2.4%	4.0%
Utilities	2.3%	0.2%
Real Estate	1.8%	0.6%

Return for Risk

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

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

VNRT.L

VNRT.L Risk / Return Rank: 77
VNRT.L Sharpe Ratio Rank: 81
VNRT.L Sortino Ratio Rank: 79
VNRT.L Omega Ratio Rank: 82
VNRT.L Calmar Ratio Rank: 71
VNRT.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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE North America UCITS ETF Distributing (VNRT.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.

	VNRT.L	HSUS.L	Difference
Sharpe ratio: Return per unit of total volatility	2.62	3.49	-0.86
Sortino ratio: Return per unit of downside risk	3.50	4.69	-1.19
Omega ratio: Gain probability vs. loss probability	1.49	1.64	-0.15
Calmar ratio: Return relative to maximum drawdown	3.52	6.41	-2.89
Martin ratio: Return relative to average drawdown	12.56	22.69	-10.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current VNRT.L Sharpe Ratio is 2.62, which is comparable to the HSUS.L Sharpe Ratio of 3.49. The chart below compares the historical Sharpe Ratios of VNRT.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

	VNRT.L	HSUS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.62	3.49	-0.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	1.03	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	1.09	-0.12

Drawdowns

VNRT.L vs. HSUS.L - Drawdown Comparison

The maximum VNRT.L drawdown since its inception was -26.17%, which is greater than HSUS.L's maximum drawdown of -20.92%. Use the drawdown chart below to compare losses from any high point for VNRT.L and HSUS.L.

Drawdown Indicators

	VNRT.L	HSUS.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.17%	-20.92%	-5.25%
Max Drawdown (1Y) Largest decline over 1 year	-7.77%	-5.63%	-2.14%
Max Drawdown (3Y) Largest decline over 3 years	-21.38%	-20.92%	-0.46%
Max Drawdown (5Y) Largest decline over 5 years	-21.38%	-20.92%	-0.46%
Max Drawdown (10Y) Largest decline over 10 years	-26.17%	—	—
Current Drawdown Current decline from peak	-0.15%	0.00%	-0.15%
Average Drawdown Average peak-to-trough decline	-3.58%	-3.18%	-0.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	1.59%	+0.59%

Volatility

VNRT.L vs. HSUS.L - Volatility Comparison

The current volatility for Vanguard FTSE North America UCITS ETF Distributing (VNRT.L) is 2.57%, while HSBC USA Sustainable Equity UCITS ETF USD (HSUS.L) has a volatility of 2.97%. This indicates that VNRT.L experiences smaller price fluctuations and is considered to be less risky than HSUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VNRT.L	HSUS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.57%	2.97%	-0.40%
Volatility (6M) Calculated over the trailing 6-month period	7.12%	7.46%	-0.34%
Volatility (1Y) Calculated over the trailing 1-year period	10.43%	10.36%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.36%	13.77%	+0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.55%	14.20%	+1.35%

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

VNRT.L has a 0.10% 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

VNRT.L vs. HSUS.L - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
VNRT.L Vanguard FTSE North America UCITS ETF Distributing	0.00%	0.00%	0.49%	1.24%	1.41%	1.02%	1.43%	1.48%	1.76%	1.61%	1.51%	1.68%

Frequently Asked Questions

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

VNRT.L and HSUS.L have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, VNRT.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

VNRT.L is cheaper with a 0.10% expense ratio, compared with 0.12% for HSUS.L.

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

Both ETFs track Russell 1000 TR USD. They also come from different issuers: Vanguard and HSBC. Their fees differ too: 0.10% for VNRT.L and 0.12% for HSUS.L.