AGED.L vs. HKOD.L
AGED.L (iShares Ageing Population UCITS ETF USD (Acc)) and HKOD.L (HSBC MSCI KOREA CAPPED UCITS ETF) are both Global Equities funds - AGED.L tracks the Stoxx Global Ageing Population Net USD Index while HKOD.L tracks the HSBC MSCI KOREA CAPPED UCITS ETF. Both are passively managed. Over the past 5 years, AGED.L returned 6.71%/yr vs 14.71%/yr for HKOD.L. A 0.57 correlation means they provide meaningful diversification when combined. AGED.L charges 0.40%/yr vs 0.50%/yr for HKOD.L.
Performance
AGED.L vs. HKOD.L - Performance Comparison
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Returns By Period
In the year-to-date period, AGED.L achieves a 11.02% return, which is significantly lower than HKOD.L's 70.37% return.
AGED.L
- 1D
- -0.14%
- 1M
- 5.51%
- 6M
- 9.54%
- YTD
- 11.02%
- 1Y
- 25.89%
- 3Y*
- 15.70%
- 5Y*
- 6.71%
- 10Y*
- —
HKOD.L
- 1D
- -1.67%
- 1M
- -20.60%
- 6M
- 52.67%
- YTD
- 70.37%
- 1Y
- 138.83%
- 3Y*
- 37.85%
- 5Y*
- 14.71%
- 10Y*
- 14.34%
AGED.L vs. HKOD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGED.L iShares Ageing Population UCITS ETF USD (Acc) | 11.02% | 26.75% | 7.86% | 9.03% | -14.29% | 4.61% | 13.29% | 19.47% | -13.28% | 22.24% |
HKOD.L HSBC MSCI KOREA CAPPED UCITS ETF | 70.37% | 99.54% | -22.90% | 19.95% | -28.44% | -8.49% | 45.08% | 10.64% | -21.06% | 45.79% |
Correlation
The correlation between AGED.L and HKOD.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2016 | 0.57 |
Over the past year, the correlation between AGED.L and HKOD.L has dropped to 0.28 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
AGED.L vs. HKOD.L — Risk / Return Rank
AGED.L
HKOD.L
AGED.L vs. HKOD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ageing Population UCITS ETF USD (Acc) (AGED.L) and HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.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.
| AGED.L | HKOD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.45 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 5.77 | -2.65 |
| Martin ratioReturn relative to average drawdown | 11.36 | 17.93 | -6.57 |
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Drawdowns
AGED.L vs. HKOD.L - Drawdown Comparison
The maximum AGED.L drawdown since its inception was -40.12%, smaller than the maximum HKOD.L drawdown of -50.54%. Use the drawdown chart below to compare losses from any high point for AGED.L and HKOD.L.
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Drawdown Indicators
| AGED.L | HKOD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.12% | -50.54% | +10.42% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -24.00% | +15.60% |
Max Drawdown (3Y)Largest decline over 3 years | -16.38% | -29.48% | +13.10% |
Max Drawdown (5Y)Largest decline over 5 years | -27.68% | -47.65% | +19.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.54% | — |
Current DrawdownCurrent decline from peak | -1.16% | -24.00% | +22.84% |
Average DrawdownAverage peak-to-trough decline | -8.54% | -18.79% | +10.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 7.75% | -5.44% |
Volatility
AGED.L vs. HKOD.L - Volatility Comparison
The current volatility for iShares Ageing Population UCITS ETF USD (Acc) (AGED.L) is 3.77%, while HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.L) has a volatility of 20.20%. This indicates that AGED.L experiences smaller price fluctuations and is considered to be less risky than HKOD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGED.L | HKOD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 20.20% | -16.43% |
Volatility (6M)Calculated over the trailing 6-month period | 12.23% | 41.23% | -29.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.33% | 45.10% | -29.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.78% | 29.74% | -11.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.74% | 26.96% | -9.22% |
AGED.L vs. HKOD.L - Expense Ratio Comparison
AGED.L has a 0.40% expense ratio, which is lower than HKOD.L's 0.50% expense ratio.
Dividends
AGED.L vs. HKOD.L - Dividend Comparison
AGED.L has not paid dividends to shareholders, while HKOD.L's dividend yield for the trailing twelve months is around 0.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AGED.L iShares Ageing Population UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HKOD.L HSBC MSCI KOREA CAPPED UCITS ETF | 0.43% | 0.68% | 1.54% | 1.08% | 0.72% | 0.61% | 0.02% | 0.29% | 0.56% | 0.10% |
Frequently Asked Questions
AGED.L and HKOD.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AGED.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AGED.L is cheaper with a 0.40% expense ratio, compared with 0.50% for HKOD.L.
AGED.L tracks Stoxx Global Ageing Population Net USD Index, while HKOD.L tracks HSBC MSCI KOREA CAPPED UCITS ETF. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.40% for AGED.L and 0.50% for HKOD.L.
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