GERD.DE vs. HWWA.L

Last updated Apr 2, 2026

Compare and contrast key facts about L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc (GERD.DE) and HSBC Multi Factor Worldwide Equity UCITS ETF (HWWA.L).

GERD.DE and HWWA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GERD.DE is a passively managed fund by LGIM Managers (Europe) Limited that tracks the performance of the Solactive Gerd Kommer Multifactor Equity. It was launched on Jun 14, 2023. HWWA.L is a passively managed fund by HSBC that tracks the performance of the MSCI ACWI NR USD. It was launched on Jul 4, 2014. Both GERD.DE and HWWA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GERD.DE vs. HWWA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc (GERD.DE) and HSBC Multi Factor Worldwide Equity UCITS ETF (HWWA.L). The values are adjusted to include any dividend payments, if applicable.

GERD.DE vs. HWWA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GERD.DE L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc	1.42%	10.26%	18.54%	7.85%
HWWA.L HSBC Multi Factor Worldwide Equity UCITS ETF	1.49%	10.65%	23.52%	8.40%

Different Trading Currencies

GERD.DE is traded in EUR, while HWWA.L is traded in GBP. To make them comparable, the HWWA.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with GERD.DE having a 1.42% return and HWWA.L slightly higher at 1.49%.

GERD.DE

• 1D: 2.02%
• 1M: -3.96%
• YTD: 1.42%
• 6M: 4.65%
• 1Y: 13.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HWWA.L

• 1D: 2.65%
• 1M: -2.92%
• YTD: 1.49%
• 6M: 6.71%
• 1Y: 16.65%
• 3Y*: 16.01%
• 5Y*: 10.72%
• 10Y*: 11.22%

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

GERD.DE vs. HWWA.L - Expense Ratio Comparison

GERD.DE has a 0.50% expense ratio, which is higher than HWWA.L's 0.25% expense ratio.

GERD.DE

L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc

HWWA.L

HSBC Multi Factor Worldwide Equity UCITS ETF

Return for Risk

GERD.DE vs. HWWA.L — Risk / Return Rank

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

GERD.DE

GERD.DE Risk / Return Rank: 51
GERD.DE Sharpe Ratio Rank: 46
GERD.DE Sortino Ratio Rank: 42
GERD.DE Omega Ratio Rank: 44
GERD.DE Calmar Ratio Rank: 57
GERD.DE Martin Ratio Rank: 64

HWWA.L

HWWA.L Risk / Return Rank: 84
HWWA.L Sharpe Ratio Rank: 80
HWWA.L Sortino Ratio Rank: 79
HWWA.L Omega Ratio Rank: 80
HWWA.L Calmar Ratio Rank: 90
HWWA.L Martin Ratio Rank: 90

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.

GERD.DE vs. HWWA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc (GERD.DE) and HSBC Multi Factor Worldwide Equity UCITS ETF (HWWA.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.

	GERD.DE	HWWA.L	Difference
Sharpe ratio Return per unit of total volatility	0.90	1.10	-0.20
Sortino ratio Return per unit of downside risk	1.24	1.49	-0.25
Omega ratio Gain probability vs. loss probability	1.18	1.23	-0.05
Calmar ratio Return relative to maximum drawdown	1.53	2.16	-0.64
Martin ratio Return relative to average drawdown	6.79	8.93	-2.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GERD.DE vs. HWWA.L - Sharpe Ratio Comparison

The current GERD.DE Sharpe Ratio is 0.90, which is comparable to the HWWA.L Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of GERD.DE and HWWA.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GERD.DE	HWWA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	1.10	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.79	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	0.66	+0.39

Correlation

The correlation between GERD.DE and HWWA.L is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

GERD.DE vs. HWWA.L - Dividend Comparison

GERD.DE has not paid dividends to shareholders, while HWWA.L's dividend yield for the trailing twelve months is around 1.42%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GERD.DE L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HWWA.L HSBC Multi Factor Worldwide Equity UCITS ETF	1.42%	1.43%	1.58%	1.95%	2.07%	1.48%	1.45%	2.07%	2.10%	1.86%	1.71%	1.97%

Drawdowns

GERD.DE vs. HWWA.L - Drawdown Comparison

The maximum GERD.DE drawdown since its inception was -19.22%, smaller than the maximum HWWA.L drawdown of -32.64%. Use the drawdown chart below to compare losses from any high point for GERD.DE and HWWA.L.

Drawdown Indicators

	GERD.DE	HWWA.L	Difference
Max Drawdown Largest peak-to-trough decline	-19.22%	-25.12%	+5.90%
Max Drawdown (1Y) Largest decline over 1 year	-12.62%	-10.27%	-2.35%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.79%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-25.12%	—
Current Drawdown Current decline from peak	-4.28%	-3.69%	-0.59%
Average Drawdown Average peak-to-trough decline	-2.33%	-3.57%	+1.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	1.73%	+0.28%

Volatility

GERD.DE vs. HWWA.L - Volatility Comparison

L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc (GERD.DE) and HSBC Multi Factor Worldwide Equity UCITS ETF (HWWA.L) have volatilities of 4.64% and 4.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GERD.DE	HWWA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	4.77%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	8.45%	8.25%	+0.20%
Volatility (1Y) Calculated over the trailing 1-year period	15.29%	15.14%	+0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.97%	13.54%	-0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.97%	15.01%	-2.04%