HIUS.L vs. HWWA.L

Last updated Jun 5, 2026

HIUS.L (HSBC MSCI USA Islamic Screened UCITS ETF USD Accumulating) and HWWA.L (HSBC Multi Factor Worldwide Equity UCITS ETF) are both exchange-traded funds - HIUS.L is a Large Cap Blend Equities fund tracking the MSCI USA Islamic ESG Universal Screened Select Index, while HWWA.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 3 years, HIUS.L returned 19.10%/yr vs 19.39%/yr for HWWA.L. Their correlation of 0.85 suggests significant overlap in exposure. HIUS.L charges 0.30%/yr vs 0.25%/yr for HWWA.L.

Performance

HIUS.L vs. HWWA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC MSCI USA Islamic Screened UCITS ETF USD Accumulating (HIUS.L) and HSBC Multi Factor Worldwide Equity UCITS ETF (HWWA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HIUS.L achieves a 27.34% return, which is significantly higher than HWWA.L's 13.69% return.

HIUS.L

• 1D: -0.76%
• 1M: 14.96%
• YTD: 27.34%
• 6M: 27.08%
• 1Y: 49.89%
• 3Y*: 19.10%
• 5Y*: —
• 10Y*: —

HWWA.L

• 1D: -0.33%
• 1M: 3.71%
• YTD: 13.69%
• 6M: 14.25%
• 1Y: 34.10%
• 3Y*: 19.39%
• 5Y*: 12.99%
• 10Y*: 13.22%

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

HIUS.L vs. HWWA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HIUS.L HSBC MSCI USA Islamic Screened UCITS ETF USD Accumulating	27.34%	10.31%	9.54%	23.06%	-3.81%
HWWA.L HSBC Multi Factor Worldwide Equity UCITS ETF	13.69%	16.74%	17.83%	15.71%	-2.25%

Correlation

The correlation between HIUS.L and HWWA.L 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	0.84
Correlation (All Time) Calculated using the full available price history since Nov 21, 2022	0.85

The correlation between HIUS.L and HWWA.L has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.

Return for Risk

HIUS.L vs. HWWA.L — Risk / Return Rank

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

HIUS.L

HIUS.L Risk / Return Rank: 92
HIUS.L Sharpe Ratio Rank: 93
HIUS.L Sortino Ratio Rank: 93
HIUS.L Omega Ratio Rank: 92
HIUS.L Calmar Ratio Rank: 94
HIUS.L Martin Ratio Rank: 90

HWWA.L

HWWA.L Risk / Return Rank: 91
HWWA.L Sharpe Ratio Rank: 93
HWWA.L Sortino Ratio Rank: 93
HWWA.L Omega Ratio Rank: 93
HWWA.L Calmar Ratio Rank: 88
HWWA.L Martin Ratio Rank: 91

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.

HIUS.L vs. HWWA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI USA Islamic Screened UCITS ETF USD Accumulating (HIUS.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.

	HIUS.L	HWWA.L	Difference
Sharpe ratio: Return per unit of total volatility	3.44	3.34	+0.11
Sortino ratio: Return per unit of downside risk	4.54	4.56	-0.01
Omega ratio: Gain probability vs. loss probability	1.60	1.64	-0.04
Calmar ratio: Return relative to maximum drawdown	7.20	5.06	+2.14
Martin ratio: Return relative to average drawdown	20.58	21.35	-0.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIUS.L vs. HWWA.L - Sharpe Ratio Comparison

The current HIUS.L Sharpe Ratio is 3.44, which is comparable to the HWWA.L Sharpe Ratio of 3.34. The chart below compares the historical Sharpe Ratios of HIUS.L and HWWA.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

	HIUS.L	HWWA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.44	3.34	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.02	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	0.83	+0.34

Drawdowns

HIUS.L vs. HWWA.L - Drawdown Comparison

The maximum HIUS.L drawdown since its inception was -25.20%, roughly equal to the maximum HWWA.L drawdown of -25.12%. Use the drawdown chart below to compare losses from any high point for HIUS.L and HWWA.L.

Drawdown Indicators

	HIUS.L	HWWA.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.20%	-25.12%	-0.08%
Max Drawdown (1Y) Largest decline over 1 year	-6.86%	-6.74%	-0.12%
Max Drawdown (3Y) Largest decline over 3 years	-25.20%	-16.79%	-8.41%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.79%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-25.12%	—
Current Drawdown Current decline from peak	-0.76%	-0.35%	-0.41%
Average Drawdown Average peak-to-trough decline	-3.87%	-3.53%	-0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	1.60%	+0.81%

Volatility

HIUS.L vs. HWWA.L - Volatility Comparison

HSBC MSCI USA Islamic Screened UCITS ETF USD Accumulating (HIUS.L) has a higher volatility of 5.46% compared to HSBC Multi Factor Worldwide Equity UCITS ETF (HWWA.L) at 3.48%. This indicates that HIUS.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.

Volatility by Period

	HIUS.L	HWWA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.46%	3.48%	+1.98%
Volatility (6M) Calculated over the trailing 6-month period	10.84%	7.85%	+2.99%
Volatility (1Y) Calculated over the trailing 1-year period	14.36%	10.23%	+4.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.67%	12.69%	+2.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.67%	14.32%	+1.35%

HIUS.L vs. HWWA.L - Expense Ratio Comparison

HIUS.L has a 0.30% expense ratio, which is higher than HWWA.L's 0.25% expense ratio.

Dividends

HIUS.L vs. HWWA.L - Dividend Comparison

HIUS.L has not paid dividends to shareholders, while HWWA.L's dividend yield for the trailing twelve months is around 1.29%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HIUS.L HSBC MSCI USA Islamic Screened UCITS ETF USD Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HWWA.L HSBC Multi Factor Worldwide Equity UCITS ETF	1.29%	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

Can I hold both HIUS.L and HWWA.L in my portfolio?

HIUS.L and HWWA.L 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.

Which ETF is better, HIUS.L or HWWA.L?

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.

Which ETF is cheaper, HIUS.L or HWWA.L?

HWWA.L is cheaper with a 0.25% expense ratio, compared with 0.30% for HIUS.L.

What is the main difference between HIUS.L and HWWA.L?

HIUS.L is categorized as Large Cap Blend Equities, while HWWA.L is Global Equities. HIUS.L tracks MSCI USA Islamic ESG Universal Screened Select Index, while HWWA.L tracks MSCI ACWI NR USD. Their fees differ too: 0.30% for HIUS.L and 0.25% for HWWA.L.