HIWO.L vs. IWVL.L
HIWO.L (HSBC MSCI World Islamic Screened UCITS ETF USD Accumulating) and IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) are both Global Equities funds - HIWO.L tracks the MSCI World Islamic Universal Screened Select Index while IWVL.L tracks the MSCI World Enhanced Value Index. Both are passively managed. Over the past 3 years, HIWO.L returned 20.20%/yr vs 30.35%/yr for IWVL.L. Their correlation of 0.82 suggests significant overlap in exposure. HIWO.L charges 0.30%/yr vs 0.25%/yr for IWVL.L.
Performance
HIWO.L vs. IWVL.L - Performance Comparison
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Returns By Period
In the year-to-date period, HIWO.L achieves a 21.27% return, which is significantly lower than IWVL.L's 34.30% return.
HIWO.L
- 1D
- -0.40%
- 1M
- 7.59%
- YTD
- 21.27%
- 6M
- 21.57%
- 1Y
- 38.78%
- 3Y*
- 20.20%
- 5Y*
- —
- 10Y*
- —
IWVL.L
- 1D
- -0.65%
- 1M
- 9.92%
- YTD
- 34.30%
- 6M
- 38.10%
- 1Y
- 66.02%
- 3Y*
- 30.35%
- 5Y*
- 16.28%
- 10Y*
- 12.86%
HIWO.L vs. IWVL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HIWO.L HSBC MSCI World Islamic Screened UCITS ETF USD Accumulating | 21.27% | 20.87% | 6.39% | 26.10% | -4.68% |
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) | 34.30% | 40.41% | 5.13% | 19.53% | -2.57% |
Correlation
The correlation between HIWO.L and IWVL.L is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2022 | 0.82 |
The correlation between HIWO.L and IWVL.L has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.
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Return for Risk
HIWO.L vs. IWVL.L — Risk / Return Rank
HIWO.L
IWVL.L
HIWO.L vs. IWVL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI World Islamic Screened UCITS ETF USD Accumulating (HIWO.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.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.
| HIWO.L | IWVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.76 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 4.34 | 7.55 | -3.21 |
| Martin ratioReturn relative to average drawdown | 16.37 | 28.57 | -12.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HIWO.L | IWVL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.51 | 4.24 | -1.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.01 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.62 | +0.21 |
Drawdowns
HIWO.L vs. IWVL.L - Drawdown Comparison
The maximum HIWO.L drawdown since its inception was -22.45%, smaller than the maximum IWVL.L drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for HIWO.L and IWVL.L.
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Drawdown Indicators
| HIWO.L | IWVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.45% | -39.30% | +16.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.00% | -8.74% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -22.45% | -14.46% | -7.99% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.30% | — |
Current DrawdownCurrent decline from peak | -0.40% | -0.91% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -2.48% | -7.50% | +5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 2.31% | +0.08% |
Volatility
HIWO.L vs. IWVL.L - Volatility Comparison
The current volatility for HSBC MSCI World Islamic Screened UCITS ETF USD Accumulating (HIWO.L) is 6.11%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a volatility of 6.56%. This indicates that HIWO.L experiences smaller price fluctuations and is considered to be less risky than IWVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIWO.L | IWVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 6.56% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 12.77% | 12.94% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.55% | 15.57% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.66% | 16.05% | +7.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.66% | 17.02% | +6.64% |
HIWO.L vs. IWVL.L - Expense Ratio Comparison
HIWO.L has a 0.30% expense ratio, which is higher than IWVL.L's 0.25% expense ratio.
Dividends
HIWO.L vs. IWVL.L - Dividend Comparison
Neither HIWO.L nor IWVL.L has paid dividends to shareholders.
Frequently Asked Questions
HIWO.L and IWVL.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWVL.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWVL.L is cheaper with a 0.25% expense ratio, compared with 0.30% for HIWO.L.
HIWO.L tracks MSCI World Islamic Universal Screened Select Index, while IWVL.L tracks MSCI World Enhanced Value Index. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.30% for HIWO.L and 0.25% for IWVL.L.
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