HIDD.L vs. HWWA.L
HIDD.L (HSBC MSCI Indonesia UCITS ETF) and HWWA.L (HSBC Multi Factor Worldwide Equity UCITS ETF) are both Global Equities funds from HSBC - HIDD.L tracks the HSBC MSCI Indonesia UCITS ETF while HWWA.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, HIDD.L returned -4.40%/yr vs 12.48%/yr for HWWA.L. At a 0.45 correlation, their price movements are largely independent. HIDD.L charges 0.50%/yr vs 0.25%/yr for HWWA.L.
Performance
HIDD.L vs. HWWA.L - Performance Comparison
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Different Trading Currencies
HIDD.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, HIDD.L achieves a -36.42% return, which is significantly lower than HWWA.L's 13.44% return. Over the past 10 years, HIDD.L has underperformed HWWA.L with an annualized return of -4.40%, while HWWA.L has yielded a comparatively higher 12.48% 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%
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%
HIDD.L vs. HWWA.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% |
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 HIDD.L and HWWA.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2014 | 0.45 |
Over the past year, the correlation between HIDD.L and HWWA.L has dropped to 0.22 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
HIDD.L vs. HWWA.L — Risk / Return Rank
HIDD.L
HWWA.L
HIDD.L vs. HWWA.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 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.
| HIDD.L | HWWA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.52 | ||
| Sortino ratioReturn per unit of downside risk | -5.12 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.41 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 3.17 | -3.91 |
| Martin ratioReturn relative to average drawdown | -1.71 | 13.02 | -14.73 |
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Drawdowns
HIDD.L vs. HWWA.L - Drawdown Comparison
The maximum HIDD.L drawdown since its inception was -57.94%, 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 HIDD.L and HWWA.L.
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Drawdown Indicators
| HIDD.L | HWWA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.94% | -33.33% | -24.61% |
Max Drawdown (1Y)Largest decline over 1 year | -48.39% | -8.86% | -39.53% |
Max Drawdown (3Y)Largest decline over 3 years | -57.94% | -15.57% | -42.37% |
Max Drawdown (5Y)Largest decline over 5 years | -57.94% | -26.70% | -31.24% |
Max Drawdown (10Y)Largest decline over 10 years | -57.94% | -33.33% | -24.61% |
Current DrawdownCurrent decline from peak | -50.85% | -0.64% | -50.21% |
Average DrawdownAverage peak-to-trough decline | -17.98% | -5.33% | -12.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.75% | 2.16% | +18.59% |
Volatility
HIDD.L vs. HWWA.L - Volatility Comparison
HSBC MSCI Indonesia UCITS ETF (HIDD.L) has a higher volatility of 7.64% compared to HSBC Multi Factor Worldwide Equity UCITS ETF (HWWA.L) at 3.76%. This indicates that HIDD.L's price experiences larger fluctuations and is considered to be riskier than HWWA.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 | HWWA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.64% | 3.76% | +3.88% |
Volatility (6M)Calculated over the trailing 6-month period | 25.43% | 10.21% | +15.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.76% | 12.30% | +16.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.26% | 15.02% | +7.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.87% | 15.52% | +9.35% |
HIDD.L vs. HWWA.L - Expense Ratio Comparison
HIDD.L has a 0.50% expense ratio, which is higher than HWWA.L's 0.25% expense ratio.
Dividends
HIDD.L vs. HWWA.L - Dividend Comparison
HIDD.L's dividend yield for the trailing twelve months is around 5.94%, more than HWWA.L's 1.31% 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% |
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
HIDD.L and HWWA.L have a correlation of 0.22, 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 0.50% for HIDD.L.
HIDD.L tracks HSBC MSCI Indonesia UCITS ETF, while HWWA.L tracks MSCI ACWI NR USD. Their fees differ too: 0.50% for HIDD.L and 0.25% for HWWA.L.
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