H50E.L vs. HIWS.L

Last updated Jun 5, 2026

H50E.L (HSBC EURO STOXX 50 UCITS ETF) and HIWS.L (HSBC MSCI World Islamic Screened UCITS ETF USD Acc) are both exchange-traded funds - H50E.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while HIWS.L is a Global Equities fund tracking the MSCI World Islamic Universal Screened Select Index. Both are passively managed. Over the past 3 years, H50E.L returned 15.76%/yr vs 17.16%/yr for HIWS.L. A 0.69 correlation means they provide meaningful diversification when combined. H50E.L charges 0.25%/yr vs 0.30%/yr for HIWS.L.

Performance

H50E.L vs. HIWS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC EURO STOXX 50 UCITS ETF (H50E.L) and HSBC MSCI World Islamic Screened UCITS ETF USD Acc (HIWS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

H50E.L is traded in GBp, while HIWS.L is traded in GBP. To make them comparable, the HIWS.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, H50E.L achieves a 6.58% return, which is significantly lower than HIWS.L's 21.23% return.

H50E.L

• 1D: 0.97%
• 1M: 2.01%
• YTD: 6.58%
• 6M: 7.61%
• 1Y: 18.78%
• 3Y*: 15.76%
• 5Y*: 11.75%
• 10Y*: 11.61%

HIWS.L

• 1D: -0.28%
• 1M: 11.29%
• YTD: 21.23%
• 6M: 21.33%
• 1Y: 40.60%
• 3Y*: 17.16%
• 5Y*: —
• 10Y*: —

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

H50E.L vs. HIWS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
H50E.L HSBC EURO STOXX 50 UCITS ETF	6.58%	28.02%	6.20%	20.06%	-0.71%
HIWS.L HSBC MSCI World Islamic Screened UCITS ETF USD Acc	21.23%	13.05%	8.10%	19.20%	-3.08%

Correlation

The correlation between H50E.L and HIWS.L is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (All Time) Calculated using the full available price history since Dec 2, 2022	0.69

The correlation between H50E.L and HIWS.L has been stable across timeframes, ranging from 0.67 to 0.69 - a consistent structural relationship.

Return for Risk

H50E.L vs. HIWS.L — Risk / Return Rank

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

H50E.L

H50E.L Risk / Return Rank: 36
H50E.L Sharpe Ratio Rank: 36
H50E.L Sortino Ratio Rank: 37
H50E.L Omega Ratio Rank: 36
H50E.L Calmar Ratio Rank: 34
H50E.L Martin Ratio Rank: 36

HIWS.L

HIWS.L Risk / Return Rank: 90
HIWS.L Sharpe Ratio Rank: 91
HIWS.L Sortino Ratio Rank: 90
HIWS.L Omega Ratio Rank: 89
HIWS.L Calmar Ratio Rank: 90
HIWS.L Martin Ratio Rank: 89

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.

H50E.L vs. HIWS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC EURO STOXX 50 UCITS ETF (H50E.L) and HSBC MSCI World Islamic Screened UCITS ETF USD Acc (HIWS.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.

	H50E.L	HIWS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.25	3.09	-1.84
Sortino ratio: Return per unit of downside risk	1.87	4.19	-2.32
Omega ratio: Gain probability vs. loss probability	1.23	1.55	-0.32
Calmar ratio: Return relative to maximum drawdown	1.64	5.52	-3.87
Martin ratio: Return relative to average drawdown	5.52	19.89	-14.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

H50E.L vs. HIWS.L - Sharpe Ratio Comparison

The current H50E.L Sharpe Ratio is 1.25, which is lower than the HIWS.L Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of H50E.L and HIWS.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

	H50E.L	HIWS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	3.09	-1.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	1.21	-0.82

Drawdowns

H50E.L vs. HIWS.L - Drawdown Comparison

The maximum H50E.L drawdown since its inception was -34.68%, which is greater than HIWS.L's maximum drawdown of -21.14%. Use the drawdown chart below to compare losses from any high point for H50E.L and HIWS.L.

Drawdown Indicators

	H50E.L	HIWS.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.68%	-21.14%	-13.54%
Max Drawdown (1Y) Largest decline over 1 year	-11.49%	-7.33%	-4.16%
Max Drawdown (3Y) Largest decline over 3 years	-14.20%	-21.14%	+6.94%
Max Drawdown (5Y) Largest decline over 5 years	-21.72%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.50%	—	—
Current Drawdown Current decline from peak	-0.42%	-0.28%	-0.14%
Average Drawdown Average peak-to-trough decline	-7.22%	-2.78%	-4.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.43%	2.04%	+1.39%

Volatility

H50E.L vs. HIWS.L - Volatility Comparison

HSBC EURO STOXX 50 UCITS ETF (H50E.L) has a higher volatility of 4.79% compared to HSBC MSCI World Islamic Screened UCITS ETF USD Acc (HIWS.L) at 4.48%. This indicates that H50E.L's price experiences larger fluctuations and is considered to be riskier than HIWS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	H50E.L	HIWS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.79%	4.48%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	12.32%	10.08%	+2.24%
Volatility (1Y) Calculated over the trailing 1-year period	15.11%	13.06%	+2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.19%	13.72%	+3.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.99%	13.72%	+4.27%

H50E.L vs. HIWS.L - Expense Ratio Comparison

H50E.L has a 0.25% expense ratio, which is lower than HIWS.L's 0.30% expense ratio.

Dividends

H50E.L vs. HIWS.L - Dividend Comparison

H50E.L's dividend yield for the trailing twelve months is around 2.45%, while HIWS.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
H50E.L HSBC EURO STOXX 50 UCITS ETF	2.45%	2.46%	2.98%	2.92%	2.77%	2.01%	2.05%	3.04%	3.50%	2.76%	2.79%	2.63%
HIWS.L HSBC MSCI World Islamic Screened 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%

Frequently Asked Questions

Can I hold both H50E.L and HIWS.L in my portfolio?

H50E.L and HIWS.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, H50E.L or HIWS.L?

On fees, H50E.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, H50E.L or HIWS.L?

H50E.L is cheaper with a 0.25% expense ratio, compared with 0.30% for HIWS.L.

What is the main difference between H50E.L and HIWS.L?

H50E.L is categorized as Europe Equities, while HIWS.L is Global Equities. H50E.L tracks MSCI EMU NR EUR, while HIWS.L tracks MSCI World Islamic Universal Screened Select Index. Their fees differ too: 0.25% for H50E.L and 0.30% for HIWS.L.