HIDD.L vs. HMWD.L
HIDD.L (HSBC MSCI Indonesia UCITS ETF) and HMWD.L (HSBC MSCI World UCITS ETF) are both Global Equities funds from HSBC - HIDD.L tracks the HSBC MSCI Indonesia UCITS ETF while HMWD.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, HIDD.L returned -4.40%/yr vs 13.16%/yr for HMWD.L. A 0.51 correlation means they provide meaningful diversification when combined. HIDD.L charges 0.50%/yr vs 0.15%/yr for HMWD.L.
Performance
HIDD.L vs. HMWD.L - Performance Comparison
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Returns By Period
In the year-to-date period, HIDD.L achieves a -36.42% return, which is significantly lower than HMWD.L's 10.23% return. Over the past 10 years, HIDD.L has underperformed HMWD.L with an annualized return of -4.40%, while HMWD.L has yielded a comparatively higher 13.16% annualized return.
HIDD.L
- 1D
- 1.58%
- 1M
- -4.14%
- 6M
- -36.79%
- YTD
- -36.42%
- 1Y
- -35.17%
- 3Y*
- -19.87%
- 5Y*
- -7.25%
- 10Y*
- -4.40%
HMWD.L
- 1D
- 0.10%
- 1M
- 0.20%
- 6M
- 9.06%
- YTD
- 10.23%
- 1Y
- 22.04%
- 3Y*
- 18.94%
- 5Y*
- 11.71%
- 10Y*
- 13.16%
HIDD.L vs. HMWD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HIDD.L HSBC MSCI Indonesia UCITS ETF | -36.42% | -1.93% | -13.92% | 5.16% | 3.01% | 1.09% | -7.68% | 7.53% | -8.55% | 23.71% |
HMWD.L HSBC MSCI World UCITS ETF | 10.23% | 21.06% | 19.12% | 24.61% | -18.25% | 22.44% | 16.43% | 27.45% | -8.90% | 23.11% |
Correlation
The correlation between HIDD.L and HMWD.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2011 | 0.51 |
Over the past year, the correlation between HIDD.L and HMWD.L has dropped to 0.29 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
HIDD.L vs. HMWD.L — Risk / Return Rank
HIDD.L
HMWD.L
HIDD.L vs. HMWD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Indonesia UCITS ETF (HIDD.L) and HSBC MSCI World UCITS ETF (HMWD.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.
| HIDD.L | HMWD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.02 | ||
| Sortino ratioReturn per unit of downside risk | -4.54 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.32 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 2.65 | -3.38 |
| Martin ratioReturn relative to average drawdown | -1.71 | 10.84 | -12.55 |
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Drawdowns
HIDD.L vs. HMWD.L - Drawdown Comparison
The maximum HIDD.L drawdown since its inception was -57.94%, which is greater than HMWD.L's maximum drawdown of -34.01%. Use the drawdown chart below to compare losses from any high point for HIDD.L and HMWD.L.
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Drawdown Indicators
| HIDD.L | HMWD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.94% | -34.01% | -23.93% |
Max Drawdown (1Y)Largest decline over 1 year | -48.39% | -8.30% | -40.09% |
Max Drawdown (3Y)Largest decline over 3 years | -57.94% | -17.58% | -40.36% |
Max Drawdown (5Y)Largest decline over 5 years | -57.94% | -25.99% | -31.95% |
Max Drawdown (10Y)Largest decline over 10 years | -57.94% | -34.01% | -23.93% |
Current DrawdownCurrent decline from peak | -50.85% | -0.10% | -50.75% |
Average DrawdownAverage peak-to-trough decline | -17.98% | -4.75% | -13.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.75% | 2.03% | +18.72% |
Volatility
HIDD.L vs. HMWD.L - Volatility Comparison
HSBC MSCI Indonesia UCITS ETF (HIDD.L) has a higher volatility of 7.64% compared to HSBC MSCI World UCITS ETF (HMWD.L) at 2.93%. This indicates that HIDD.L's price experiences larger fluctuations and is considered to be riskier than HMWD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIDD.L | HMWD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.64% | 2.93% | +4.71% |
Volatility (6M)Calculated over the trailing 6-month period | 25.43% | 9.85% | +15.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.76% | 12.29% | +16.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.26% | 15.63% | +6.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.87% | 15.73% | +9.14% |
HIDD.L vs. HMWD.L - Expense Ratio Comparison
HIDD.L has a 0.50% expense ratio, which is higher than HMWD.L's 0.15% expense ratio.
Dividends
HIDD.L vs. HMWD.L - Dividend Comparison
HIDD.L's dividend yield for the trailing twelve months is around 5.94%, more than HMWD.L's 1.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIDD.L HSBC MSCI Indonesia UCITS ETF | 5.94% | 4.73% | 3.52% | 3.47% | 2.08% | 1.30% | 1.63% | 1.54% | 2.69% | 1.10% | 1.19% | 1.67% |
HMWD.L HSBC MSCI World UCITS ETF | 1.17% | 1.24% | 1.43% | 1.57% | 1.79% | 1.31% | 1.44% | 1.91% | 2.23% | 1.81% | 2.00% | 1.93% |
Frequently Asked Questions
HIDD.L and HMWD.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HMWD.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HMWD.L is cheaper with a 0.15% expense ratio, compared with 0.50% for HIDD.L.
HIDD.L tracks HSBC MSCI Indonesia UCITS ETF, while HMWD.L tracks MSCI ACWI NR USD. Their fees differ too: 0.50% for HIDD.L and 0.15% for HMWD.L.
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