HSBC MSCI USA Quality vs UBS MSCI USA
HSBC MSCI USA Quality tracks MSCI USA Sector Neutral Quality and UBS MSCI USA tracks MSCI USA. They are realistic alternatives for the same slot in a portfolio, but because the indices are different nobody can tell you in advance which will return more. What can be compared objectively is the cost, the replication method, the domicile and how each one is structured — and that is what this page does.
What each one tracks
This is the underlying difference: they do not follow the same index, so their returns will diverge.
HSBC MSCI USA Quality
MSCI USA Sector Neutral Quality
UBS MSCI USA
MSCI USA
Comparison
| HSBC MSCI USA Quality | UBS MSCI USA | |
|---|---|---|
| Index | MSCI USA Sector Neutral Quality | MSCI USA |
| TER | 0.15% | 0.10% |
| Hist. return* | ~10% | ~10% |
| Replication | Physical | Physical |
| Distribution | Distributing | Accumulating |
| Domicile | Irlanda | Luxemburgo |
| Currency | USD | USD |
| Risk | 4/7 | 4/7 |
| ISIN | IE00B5WFQ436 | IE00BD4TXS21 |
What the fee gap actually costs
Applying the SAME 7% gross return to both and contributing €300/month, the only thing moving the result is the TER. This is not a return forecast: it is how much the fee weighs.
| Horizon | HSBC MSCI USA Quality | UBS MSCI USA | Difference |
|---|---|---|---|
| 10 years | €51,793 | €51,938 | €145 |
| 20 years | €154,339 | €155,282 | €943 |
| 30 years | €357,370 | €360,914 | €3,545 |
UBS MSCI USA is the cheaper of the two. Remember they track different indices: cost is one factor, not the verdict.
Nobody can know which will perform better: they track different indices and past performance is not a prediction. What is objective today is the cost, the replication, the domicile and the distribution policy.
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Create free accountFrequently asked questions
What is the difference between HSBC MSCI USA Quality and UBS MSCI USA?+
They track different indices: HSBC MSCI USA Quality follows MSCI USA Sector Neutral Quality and UBS MSCI USA follows MSCI USA. They also differ in cost (0.15% vs 0.10% TER), replication (physical vs physical) and domicile (Irlanda vs Luxemburgo).
Which one will perform better?+
Nobody can know that: they track different indices, so their returns will diverge, and past index performance is not a prediction. What you can control today is the cost, the tax structure and whether the index actually covers what you want exposure to.
Which one is cheaper?+
UBS MSCI USA has the lower annual fee. Applying the same 7% gross return to both with €300/month, that fee gap alone is worth about €943 after 20 years — that part is arithmetic, not a forecast.
Accumulating or distributing?+
UBS MSCI USA is accumulating (dividends are reinvested inside the fund) and HSBC MSCI USA Quality is distributing (dividends are paid out to you). For long-term compounding in Spain, accumulating usually defers taxation; distributing gives you income you are taxed on each year.
Can I hold both?+
Yes. Unlike two funds tracking the identical index, these give you genuinely different exposure, so holding both is not automatically redundant — just be aware you may end up overlapping on the largest companies and doubling your rebalancing work.