GGRP.L vs. HMWO.L
Compare and contrast key facts about WisdomTree Global Quality Dividend Growth UCITS ETF - USD (GGRP.L) and HSBC MSCI World UCITS ETF (HMWO.L).
GGRP.L and HMWO.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GGRP.L is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Global Developed Quality Dividend Growth. It was launched on Nov 2, 2016. HMWO.L is a passively managed fund by HSBC that tracks the performance of the MSCI ACWI NR USD. It was launched on Dec 8, 2010. Both GGRP.L and HMWO.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GGRP.L or HMWO.L.
Key characteristics
| GGRP.L | HMWO.L | |
|---|---|---|
| YTD Return | 11.58% | 18.99% |
| 1Y Return | 17.82% | 26.11% |
| 3Y Return (Ann) | 7.52% | 8.96% |
| 5Y Return (Ann) | 10.78% | 12.53% |
| Sharpe Ratio | 2.17 | 2.58 |
| Sortino Ratio | 3.11 | 3.61 |
| Omega Ratio | 1.39 | 1.49 |
| Calmar Ratio | 4.40 | 4.10 |
| Martin Ratio | 14.58 | 18.58 |
| Ulcer Index | 1.24% | 1.40% |
| Daily Std Dev | 8.35% | 10.05% |
| Max Drawdown | -22.60% | -25.48% |
| Current Drawdown | -0.15% | 0.00% |
Correlation
The correlation between GGRP.L and HMWO.L is 0.95, 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.
Performance
GGRP.L vs. HMWO.L - Performance Comparison
In the year-to-date period, GGRP.L achieves a 11.58% return, which is significantly lower than HMWO.L's 18.99% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GGRP.L vs. HMWO.L - Expense Ratio Comparison
GGRP.L has a 0.38% expense ratio, which is higher than HMWO.L's 0.15% expense ratio.
Risk-Adjusted Performance
GGRP.L vs. HMWO.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Global Quality Dividend Growth UCITS ETF - USD (GGRP.L) and HSBC MSCI World UCITS ETF (HMWO.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.
Dividends
GGRP.L vs. HMWO.L - Dividend Comparison
GGRP.L's dividend yield for the trailing twelve months is around 1.61%, more than HMWO.L's 1.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGRP.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD | 1.61% | 1.86% | 2.42% | 1.60% | 1.47% | 1.88% | 2.13% | 1.42% | 0.00% | 0.00% | 0.00% | 0.00% |
HMWO.L HSBC MSCI World UCITS ETF | 1.43% | 1.60% | 1.75% | 1.27% | 1.55% | 1.97% | 2.11% | 1.91% | 1.84% | 1.86% | 1.72% | 1.95% |
Drawdowns
GGRP.L vs. HMWO.L - Drawdown Comparison
The maximum GGRP.L drawdown since its inception was -22.60%, smaller than the maximum HMWO.L drawdown of -25.48%. Use the drawdown chart below to compare losses from any high point for GGRP.L and HMWO.L. For additional features, visit the drawdowns tool.
Volatility
GGRP.L vs. HMWO.L - Volatility Comparison
The current volatility for WisdomTree Global Quality Dividend Growth UCITS ETF - USD (GGRP.L) is 2.44%, while HSBC MSCI World UCITS ETF (HMWO.L) has a volatility of 2.92%. This indicates that GGRP.L experiences smaller price fluctuations and is considered to be less risky than HMWO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.