XMU.TO vs. HMUD.L
XMU.TO (iShares MSCI Min Vol USA Index ETF) and HMUD.L (HSBC MSCI USA UCITS ETF) are both Large Cap Blend Equities funds - XMU.TO tracks the MSCI USA Minimum Volatility Index while HMUD.L tracks the Russell 1000 TR USD. Both are passively managed. Over the past 10 years, XMU.TO returned 9.17%/yr vs 15.43%/yr for HMUD.L. At a 0.45 correlation, their price movements are largely independent. XMU.TO charges 0.33%/yr vs 0.30%/yr for HMUD.L.
Performance
XMU.TO vs. HMUD.L - Performance Comparison
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Different Trading Currencies
XMU.TO is traded in CAD, while HMUD.L is traded in USD. To make them comparable, the HMUD.L values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XMU.TO achieves a 3.85% return, which is significantly lower than HMUD.L's 9.46% return. Over the past 10 years, XMU.TO has underperformed HMUD.L with an annualized return of 9.17%, while HMUD.L has yielded a comparatively higher 15.43% annualized return.
XMU.TO
- 1D
- -0.09%
- 1M
- 4.37%
- YTD
- 3.85%
- 6M
- -1.16%
- 1Y
- 1.98%
- 3Y*
- 10.21%
- 5Y*
- 8.15%
- 10Y*
- 9.17%
HMUD.L
- 1D
- 0.45%
- 1M
- 5.91%
- YTD
- 9.46%
- 6M
- 8.62%
- 1Y
- 23.61%
- 3Y*
- 21.71%
- 5Y*
- 15.29%
- 10Y*
- 15.43%
XMU.TO vs. HMUD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMU.TO iShares MSCI Min Vol USA Index ETF | 3.85% | -0.84% | 21.99% | 6.59% | -3.64% | 16.99% | 2.99% | 20.78% | 9.07% | 10.80% |
HMUD.L HSBC MSCI USA UCITS ETF | 9.46% | 8.67% | 35.80% | 24.66% | -14.54% | 26.21% | 18.68% | 24.06% | 2.28% | 13.82% |
Correlation
The correlation between XMU.TO and HMUD.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2012 | 0.45 |
The correlation between XMU.TO and HMUD.L shifts across timeframes, from 0.32 (3 years) to 0.45 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XMU.TO vs. HMUD.L — Risk / Return Rank
XMU.TO
HMUD.L
XMU.TO vs. HMUD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Min Vol USA Index ETF (XMU.TO) 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.
| XMU.TO | HMUD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.36 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | 2.99 | -2.74 |
| Martin ratioReturn relative to average drawdown | 0.56 | 10.97 | -10.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XMU.TO | HMUD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 2.04 | -1.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 1.00 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 1.00 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 1.09 | -0.11 |
Drawdowns
XMU.TO vs. HMUD.L - Drawdown Comparison
The maximum XMU.TO drawdown since its inception was -27.31%, roughly equal to the maximum HMUD.L drawdown of -27.98%. Use the drawdown chart below to compare losses from any high point for XMU.TO and HMUD.L.
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Drawdown Indicators
| XMU.TO | HMUD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.31% | -27.98% | +0.67% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -7.86% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -10.98% | -21.06% | +10.08% |
Max Drawdown (5Y)Largest decline over 5 years | -18.16% | -22.94% | +4.78% |
Max Drawdown (10Y)Largest decline over 10 years | -27.31% | -27.98% | +0.67% |
Current DrawdownCurrent decline from peak | -3.95% | 0.00% | -3.95% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -3.60% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 2.15% | +1.42% |
Volatility
XMU.TO vs. HMUD.L - Volatility Comparison
The current volatility for iShares MSCI Min Vol USA Index ETF (XMU.TO) is 2.18%, while HSBC MSCI USA UCITS ETF (HMUD.L) has a volatility of 2.96%. This indicates that XMU.TO 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
| XMU.TO | HMUD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.18% | 2.96% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 6.86% | 8.25% | -1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.20% | 11.58% | -2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.15% | 15.25% | -4.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.97% | 15.48% | -1.51% |
XMU.TO vs. HMUD.L - Expense Ratio Comparison
XMU.TO has a 0.33% expense ratio, which is higher than HMUD.L's 0.30% expense ratio.
Dividends
XMU.TO vs. HMUD.L - Dividend Comparison
XMU.TO's dividend yield for the trailing twelve months is around 1.12%, more than HMUD.L's 0.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMUD.L HSBC MSCI USA UCITS ETF | 0.92% | 0.95% | 0.82% | 0.97% | 1.07% | 0.78% | 1.11% | 1.22% | 1.45% | 1.24% | 1.43% | 1.43% |
XMU.TO iShares MSCI Min Vol USA Index ETF | 1.12% | 1.10% | 1.14% | 1.33% | 1.10% | 1.00% | 1.59% | 1.36% | 1.39% | 1.51% | 1.73% | 1.35% |
Frequently Asked Questions
XMU.TO and HMUD.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HMUD.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HMUD.L is cheaper with a 0.30% expense ratio, compared with 0.33% for XMU.TO.
XMU.TO tracks MSCI USA Minimum Volatility Index, while HMUD.L tracks Russell 1000 TR USD. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.33% for XMU.TO and 0.30% for HMUD.L.
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