H41G.DE vs. IWDA.AS
H41G.DE (HSBC MSCI World Small Cap ESG UCITS ETF USD (Acc)) and IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds - H41G.DE tracks the MSCI World Small Cap SRI ESG Leaders Select while IWDA.AS tracks the MSCI World Index. Both are passively managed. Over the past 3 years, H41G.DE returned 12.01%/yr vs 17.53%/yr for IWDA.AS. Their correlation of 0.81 suggests significant overlap in exposure. H41G.DE charges 0.25%/yr vs 0.20%/yr for IWDA.AS.
Performance
H41G.DE vs. IWDA.AS - Performance Comparison
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Returns By Period
In the year-to-date period, H41G.DE achieves a 12.22% return, which is significantly higher than IWDA.AS's 11.06% return.
H41G.DE
- 1D
- 0.61%
- 1M
- 2.87%
- YTD
- 12.22%
- 6M
- 13.07%
- 1Y
- 23.63%
- 3Y*
- 12.01%
- 5Y*
- —
- 10Y*
- —
IWDA.AS
- 1D
- -0.03%
- 1M
- 3.59%
- YTD
- 11.06%
- 6M
- 10.90%
- 1Y
- 23.69%
- 3Y*
- 17.53%
- 5Y*
- 12.88%
- 10Y*
- 12.81%
H41G.DE vs. IWDA.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
H41G.DE HSBC MSCI World Small Cap ESG UCITS ETF USD (Acc) | 12.22% | 3.96% | 12.21% | 11.87% | -2.26% |
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 11.06% | 7.08% | 27.23% | 19.89% | -4.24% |
Correlation
The correlation between H41G.DE and IWDA.AS is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2022 | 0.81 |
The correlation between H41G.DE and IWDA.AS has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.
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Return for Risk
H41G.DE vs. IWDA.AS — Risk / Return Rank
H41G.DE
IWDA.AS
H41G.DE vs. IWDA.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI World Small Cap ESG UCITS ETF USD (Acc) (H41G.DE) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS). 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.
| H41G.DE | IWDA.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.41 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 3.64 | -0.75 |
| Martin ratioReturn relative to average drawdown | 10.99 | 14.53 | -3.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| H41G.DE | IWDA.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 2.15 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.90 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.82 | -0.16 |
Drawdowns
H41G.DE vs. IWDA.AS - Drawdown Comparison
The maximum H41G.DE drawdown since its inception was -24.84%, smaller than the maximum IWDA.AS drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for H41G.DE and IWDA.AS.
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Drawdown Indicators
| H41G.DE | IWDA.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.84% | -33.63% | +8.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -6.45% | -1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -24.84% | -21.59% | -3.25% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.34% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -4.25% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 1.63% | +0.51% |
Volatility
H41G.DE vs. IWDA.AS - Volatility Comparison
HSBC MSCI World Small Cap ESG UCITS ETF USD (Acc) (H41G.DE) has a higher volatility of 3.35% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) at 2.62%. This indicates that H41G.DE's price experiences larger fluctuations and is considered to be riskier than IWDA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H41G.DE | IWDA.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 2.62% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 7.61% | +1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.30% | 10.90% | +2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.71% | 14.08% | +1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.71% | 14.99% | +0.72% |
H41G.DE vs. IWDA.AS - Expense Ratio Comparison
H41G.DE has a 0.25% expense ratio, which is higher than IWDA.AS's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
H41G.DE vs. IWDA.AS - Dividend Comparison
Neither H41G.DE nor IWDA.AS has paid dividends to shareholders.
Frequently Asked Questions
H41G.DE and IWDA.AS have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWDA.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.AS is cheaper with a 0.20% expense ratio, compared with 0.25% for H41G.DE.
H41G.DE tracks MSCI World Small Cap SRI ESG Leaders Select, while IWDA.AS tracks MSCI World Index. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.25% for H41G.DE and 0.20% for IWDA.AS.
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