GERD.DE vs. HWWD.L

Last updated Jun 5, 2026

GERD.DE (L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc) and HWWD.L (HSBC Multi Factor Worldwide Equity UCITS ETF) are both Global Equities funds - GERD.DE tracks the Solactive Gerd Kommer Multifactor Equity while HWWD.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past year, GERD.DE returned 26.06% vs 30.84% for HWWD.L. A 0.76 correlation means they provide meaningful diversification when combined. GERD.DE charges 0.50%/yr vs 0.25%/yr for HWWD.L.

Performance

GERD.DE vs. HWWD.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 (HWWD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GERD.DE is traded in EUR, while HWWD.L is traded in USD. To make them comparable, the HWWD.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 14.41% return and HWWD.L slightly higher at 14.85%.

GERD.DE

• 1D: -0.18%
• 1M: 5.63%
• YTD: 14.41%
• 6M: 15.59%
• 1Y: 26.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HWWD.L

• 1D: -0.41%
• 1M: 4.80%
• YTD: 14.85%
• 6M: 15.61%
• 1Y: 30.84%
• 3Y*: 19.30%
• 5Y*: 12.78%
• 10Y*: 12.14%

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

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

	2026 (YTD)	2025	2024	2023
GERD.DE L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc	14.41%	10.26%	18.54%	7.85%
HWWD.L HSBC Multi Factor Worldwide Equity UCITS ETF	14.85%	10.36%	23.65%	8.95%

Correlation

The correlation between GERD.DE and HWWD.L is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jun 22, 2023	0.76

The correlation between GERD.DE and HWWD.L has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.

Return for Risk

GERD.DE vs. HWWD.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: 71
GERD.DE Sharpe Ratio Rank: 67
GERD.DE Sortino Ratio Rank: 65
GERD.DE Omega Ratio Rank: 67
GERD.DE Calmar Ratio Rank: 78
GERD.DE Martin Ratio Rank: 80

HWWD.L

HWWD.L Risk / Return Rank: 82
HWWD.L Sharpe Ratio Rank: 83
HWWD.L Sortino Ratio Rank: 87
HWWD.L Omega Ratio Rank: 83
HWWD.L Calmar Ratio Rank: 77
HWWD.L Martin Ratio Rank: 82

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. HWWD.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 (HWWD.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	HWWD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.18	2.48	-0.30
Sortino ratio: Return per unit of downside risk	2.96	3.45	-0.50
Omega ratio: Gain probability vs. loss probability	1.39	1.46	-0.06
Calmar ratio: Return relative to maximum drawdown	3.92	5.12	-1.20
Martin ratio: Return relative to average drawdown	15.42	20.01	-4.59
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. HWWD.L - Sharpe Ratio Comparison

The current GERD.DE Sharpe Ratio is 2.18, which is comparable to the HWWD.L Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of GERD.DE and HWWD.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

	GERD.DE	HWWD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	2.48	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.87	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	0.70	+0.64

Drawdowns

GERD.DE vs. HWWD.L - Drawdown Comparison

The maximum GERD.DE drawdown since its inception was -19.22%, smaller than the maximum HWWD.L drawdown of -33.13%. Use the drawdown chart below to compare losses from any high point for GERD.DE and HWWD.L.

Drawdown Indicators

	GERD.DE	HWWD.L	Difference
Max Drawdown Largest peak-to-trough decline	-19.22%	-33.13%	+13.91%
Max Drawdown (1Y) Largest decline over 1 year	-6.61%	-5.99%	-0.62%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.00%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.00%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.13%	—
Current Drawdown Current decline from peak	-0.19%	-0.48%	+0.29%
Average Drawdown Average peak-to-trough decline	-2.24%	-4.81%	+2.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	1.54%	+0.15%

Volatility

GERD.DE vs. HWWD.L - Volatility Comparison

The current volatility for L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc (GERD.DE) is 3.18%, while HSBC Multi Factor Worldwide Equity UCITS ETF (HWWD.L) has a volatility of 4.12%. This indicates that GERD.DE experiences smaller price fluctuations and is considered to be less risky than HWWD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GERD.DE	HWWD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.18%	4.12%	-0.94%
Volatility (6M) Calculated over the trailing 6-month period	8.49%	9.57%	-1.08%
Volatility (1Y) Calculated over the trailing 1-year period	11.92%	12.37%	-0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.95%	14.67%	-1.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.95%	15.64%	-2.69%

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

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

Dividends

GERD.DE vs. HWWD.L - Dividend Comparison

GERD.DE has not paid dividends to shareholders, while HWWD.L's dividend yield for the trailing twelve months is around 1.30%.

Position	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%
HWWD.L HSBC Multi Factor Worldwide Equity UCITS ETF	1.30%	1.41%	1.61%	1.90%	2.10%	1.52%	1.35%	2.00%	2.19%	1.76%	1.87%	2.04%

Frequently Asked Questions

Can I hold both GERD.DE and HWWD.L in my portfolio?

GERD.DE and HWWD.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GERD.DE or HWWD.L?

On fees, HWWD.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GERD.DE or HWWD.L?

HWWD.L is cheaper with a 0.25% expense ratio, compared with 0.50% for GERD.DE.

What is the main difference between GERD.DE and HWWD.L?

GERD.DE tracks Solactive Gerd Kommer Multifactor Equity, while HWWD.L tracks MSCI ACWI NR USD. They also come from different issuers: LGIM Managers (Europe) Limited and HSBC. Their fees differ too: 0.50% for GERD.DE and 0.25% for HWWD.L.