HCAD.L vs. HWWA.L
HCAD.L (HSBC MSCI Canada UCITS ETF) and HWWA.L (HSBC Multi Factor Worldwide Equity UCITS ETF) are both Global Equities funds from HSBC - HCAD.L tracks the HSBC MSCI Canada UCITS ETF while HWWA.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, HCAD.L returned 10.99%/yr vs 12.48%/yr for HWWA.L. A 0.71 correlation means they provide meaningful diversification when combined. HCAD.L charges 0.35%/yr vs 0.25%/yr for HWWA.L.
Performance
HCAD.L vs. HWWA.L - Performance Comparison
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Different Trading Currencies
HCAD.L is traded in USD, while HWWA.L is traded in GBP. To make them comparable, the HWWA.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HCAD.L achieves a 10.17% return, which is significantly lower than HWWA.L's 13.44% return. Over the past 10 years, HCAD.L has underperformed HWWA.L with an annualized return of 10.99%, while HWWA.L has yielded a comparatively higher 12.48% annualized return.
HCAD.L
- 1D
- 0.03%
- 1M
- 0.76%
- 6M
- 8.45%
- YTD
- 10.17%
- 1Y
- 30.52%
- 3Y*
- 21.36%
- 5Y*
- 12.48%
- 10Y*
- 10.99%
HWWA.L
- 1D
- 0.40%
- 1M
- -0.22%
- 6M
- 11.76%
- YTD
- 13.44%
- 1Y
- 28.25%
- 3Y*
- 20.70%
- 5Y*
- 11.68%
- 10Y*
- 12.48%
HCAD.L vs. HWWA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HCAD.L HSBC MSCI Canada UCITS ETF | 10.17% | 36.92% | 12.13% | 15.13% | -12.45% | 24.30% | 5.88% | 26.16% | -17.43% | 15.40% |
HWWA.L HSBC Multi Factor Worldwide Equity UCITS ETF | 13.44% | 25.55% | 15.84% | 21.86% | -17.71% | 20.63% | 14.38% | 23.34% | -10.88% | 23.66% |
Correlation
The correlation between HCAD.L and HWWA.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2014 | 0.71 |
The correlation between HCAD.L and HWWA.L shifts across timeframes, from 0.65 (1 year) to 0.76 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HCAD.L vs. HWWA.L — Risk / Return Rank
HCAD.L
HWWA.L
HCAD.L vs. HWWA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Canada UCITS ETF (HCAD.L) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HCAD.L | HWWA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.41 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.97 | 3.17 | +0.80 |
| Martin ratioReturn relative to average drawdown | 15.09 | 13.02 | +2.07 |
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Drawdowns
HCAD.L vs. HWWA.L - Drawdown Comparison
The maximum HCAD.L drawdown since its inception was -43.05%, which is greater than HWWA.L's maximum drawdown of -33.33%. Use the drawdown chart below to compare losses from any high point for HCAD.L and HWWA.L.
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Drawdown Indicators
| HCAD.L | HWWA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.05% | -33.33% | -9.72% |
Max Drawdown (1Y)Largest decline over 1 year | -7.60% | -8.86% | +1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -12.72% | -15.57% | +2.85% |
Max Drawdown (5Y)Largest decline over 5 years | -24.80% | -26.70% | +1.90% |
Max Drawdown (10Y)Largest decline over 10 years | -41.07% | -33.33% | -7.74% |
Current DrawdownCurrent decline from peak | 0.00% | -0.64% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -10.56% | -5.33% | -5.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 2.16% | -0.15% |
Volatility
HCAD.L vs. HWWA.L - Volatility Comparison
HSBC MSCI Canada UCITS ETF (HCAD.L) and HSBC Multi Factor Worldwide Equity UCITS ETF (HWWA.L) have volatilities of 3.93% and 3.76%, 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.
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Volatility by Period
| HCAD.L | HWWA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 3.76% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 9.97% | 10.21% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.20% | 12.30% | +0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.25% | 15.02% | +2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.85% | 15.52% | +2.33% |
HCAD.L vs. HWWA.L - Expense Ratio Comparison
HCAD.L has a 0.35% expense ratio, which is higher than HWWA.L's 0.25% expense ratio.
Dividends
HCAD.L vs. HWWA.L - Dividend Comparison
HCAD.L's dividend yield for the trailing twelve months is around 1.39%, more than HWWA.L's 1.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HCAD.L HSBC MSCI Canada UCITS ETF | 1.39% | 1.49% | 2.00% | 2.10% | 2.01% | 1.57% | 1.81% | 1.91% | 2.17% | 1.53% | 1.77% | 2.25% |
HWWA.L HSBC Multi Factor Worldwide Equity UCITS ETF | 1.31% | 1.43% | 1.58% | 1.95% | 2.07% | 1.48% | 1.45% | 2.07% | 2.10% | 1.86% | 1.71% | 1.97% |
Frequently Asked Questions
HCAD.L and HWWA.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HWWA.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HWWA.L is cheaper with a 0.25% expense ratio, compared with 0.35% for HCAD.L.
HCAD.L tracks HSBC MSCI Canada UCITS ETF, while HWWA.L tracks MSCI ACWI NR USD. Their fees differ too: 0.35% for HCAD.L and 0.25% for HWWA.L.
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