CLIG.L vs. HMWD.L

Last updated Jun 5, 2026

CLIG.L (City Of London Investment Group) is a stock, while HMWD.L (HSBC MSCI World UCITS ETF) is Global Equities fund tracking the MSCI ACWI NR USD. Over the past 10 years, CLIG.L returned 11.84%/yr vs 14.09%/yr for HMWD.L. At a 0.10 correlation, their price movements are largely independent.

Performance

CLIG.L vs. HMWD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in City Of London Investment Group (CLIG.L) and HSBC MSCI World UCITS ETF (HMWD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CLIG.L is traded in GBp, while HMWD.L is traded in USD. To make them comparable, the HMWD.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CLIG.L achieves a 15.86% return, which is significantly higher than HMWD.L's 10.33% return. Over the past 10 years, CLIG.L has underperformed HMWD.L with an annualized return of 11.84%, while HMWD.L has yielded a comparatively higher 14.09% annualized return.

CLIG.L

• 1D: -1.62%
• 1M: 0.24%
• YTD: 15.86%
• 6M: 21.33%
• 1Y: 26.30%
• 3Y*: 7.72%
• 5Y*: 3.46%
• 10Y*: 11.84%

HMWD.L

• 1D: 0.09%
• 1M: 5.07%
• YTD: 10.33%
• 6M: 10.30%
• 1Y: 27.37%
• 3Y*: 17.84%
• 5Y*: 13.14%
• 10Y*: 14.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CLIG.L vs. HMWD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CLIG.L City Of London Investment Group	15.86%	3.96%	36.42%	-18.22%	-6.92%	21.55%	6.89%	27.33%	-1.86%	28.67%
HMWD.L HSBC MSCI World UCITS ETF	10.29%	12.43%	21.21%	18.40%	-8.52%	23.57%	13.01%	22.58%	-3.49%	12.48%

Correlation

The correlation between CLIG.L and HMWD.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.10
Correlation (All Time) Calculated using the full available price history since Dec 13, 2010	0.10

Return for Risk

CLIG.L vs. HMWD.L — Risk / Return Rank

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

CLIG.L

CLIG.L Risk / Return Rank: 69
CLIG.L Sharpe Ratio Rank: 68
CLIG.L Sortino Ratio Rank: 65
CLIG.L Omega Ratio Rank: 60
CLIG.L Calmar Ratio Rank: 75
CLIG.L Martin Ratio Rank: 76

HMWD.L

HMWD.L Risk / Return Rank: 69
HMWD.L Sharpe Ratio Rank: 68
HMWD.L Sortino Ratio Rank: 74
HMWD.L Omega Ratio Rank: 68
HMWD.L Calmar Ratio Rank: 64
HMWD.L Martin Ratio Rank: 72

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.

CLIG.L vs. HMWD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for City Of London Investment Group (CLIG.L) and HSBC MSCI World UCITS ETF (HMWD.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.

	CLIG.L	HMWD.L	Difference
Sharpe ratio: Return per unit of total volatility	0.86	2.34	-1.49
Sortino ratio: Return per unit of downside risk	1.45	3.23	-1.78
Omega ratio: Gain probability vs. loss probability	1.17	1.44	-0.27
Calmar ratio: Return relative to maximum drawdown	2.03	4.21	-2.18
Martin ratio: Return relative to average drawdown	5.16	15.84	-10.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CLIG.L vs. HMWD.L - Sharpe Ratio Comparison

The current CLIG.L Sharpe Ratio is 0.86, which is lower than the HMWD.L Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of CLIG.L and HMWD.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

	CLIG.L	HMWD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	2.34	-1.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	0.91	-0.81
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.91	-0.57
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.83	-0.47

Drawdowns

CLIG.L vs. HMWD.L - Drawdown Comparison

The maximum CLIG.L drawdown since its inception was -63.64%, which is greater than HMWD.L's maximum drawdown of -26.10%. Use the drawdown chart below to compare losses from any high point for CLIG.L and HMWD.L.

Drawdown Indicators

	CLIG.L	HMWD.L	Difference
Max Drawdown Largest peak-to-trough decline	-63.64%	-26.10%	-37.54%
Max Drawdown (1Y) Largest decline over 1 year	-13.04%	-6.47%	-6.57%
Max Drawdown (3Y) Largest decline over 3 years	-27.77%	-18.90%	-8.87%
Max Drawdown (5Y) Largest decline over 5 years	-33.07%	-18.90%	-14.17%
Max Drawdown (10Y) Largest decline over 10 years	-40.58%	-26.10%	-14.48%
Current Drawdown Current decline from peak	-7.61%	-0.05%	-7.56%
Average Drawdown Average peak-to-trough decline	-12.80%	-3.49%	-9.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.15%	1.72%	+3.43%

Volatility

CLIG.L vs. HMWD.L - Volatility Comparison

City Of London Investment Group (CLIG.L) has a higher volatility of 9.09% compared to HSBC MSCI World UCITS ETF (HMWD.L) at 3.47%. This indicates that CLIG.L's price experiences larger fluctuations and is considered to be riskier than HMWD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLIG.L	HMWD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.09%	3.47%	+5.62%
Volatility (6M) Calculated over the trailing 6-month period	23.98%	8.87%	+15.11%
Volatility (1Y) Calculated over the trailing 1-year period	31.01%	11.62%	+19.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.44%	14.41%	+19.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.97%	15.49%	+19.48%

Dividends

CLIG.L vs. HMWD.L - Dividend Comparison

CLIG.L's dividend yield for the trailing twelve months is around 7.76%, more than HMWD.L's 1.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CLIG.L City Of London Investment Group	7.76%	8.75%	8.35%	10.41%	11.07%	6.60%	6.85%	9.20%	7.10%	6.03%	8.14%	6.96%
HMWD.L HSBC MSCI World UCITS ETF	1.17%	1.24%	1.43%	1.57%	1.79%	1.31%	1.44%	1.91%	2.23%	1.81%	2.00%	1.93%

Frequently Asked Questions

Can I hold both CLIG.L and HMWD.L in my portfolio?

CLIG.L and HMWD.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.