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HIWS.L vs. HMWD.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

HIWS.L vs. HMWD.L

Last updated Apr 2, 2026

Compare and contrast key facts about HSBC MSCI World Islamic Screened UCITS ETF USD Acc (HIWS.L) and HSBC MSCI World UCITS ETF (HMWD.L).

HIWS.L and HMWD.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HIWS.L is a passively managed fund by HSBC that tracks the performance of the MSCI World Islamic Universal Screened Select Index. It was launched on Dec 9, 2022. HMWD.L is a passively managed fund by HSBC that tracks the performance of the MSCI ACWI NR USD. It was launched on Dec 8, 2010. Both HIWS.L and HMWD.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

HIWS.L vs. HMWD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC MSCI World Islamic Screened UCITS ETF USD Acc (HIWS.L) and HSBC MSCI World UCITS ETF (HMWD.L). The values are adjusted to include any dividend payments, if applicable.

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HIWS.L vs. HMWD.L - Yearly Performance Comparison

2026 (YTD)2025202420232022
HIWS.L
HSBC MSCI World Islamic Screened UCITS ETF USD Acc		1.03%13.05%8.10%19.20%-3.08%
HMWD.L
HSBC MSCI World UCITS ETF		-0.92%12.43%21.21%18.40%-3.55%
Different Trading Currencies

HIWS.L is traded in GBP, while HMWD.L is traded in USD. To make them comparable, the HMWD.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, HIWS.L achieves a 1.03% return, which is significantly higher than HMWD.L's -0.92% return.

HIWS.L

1D
2.08%
1M
-3.77%
YTD
1.03%
6M
6.42%
1Y
23.00%
3Y*
11.47%
5Y*
—
10Y*
—

HMWD.L

1D
2.54%
1M
-2.71%
YTD
-0.92%
6M
2.65%
1Y
17.25%
3Y*
14.85%
5Y*
11.50%
10Y*
13.10%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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HSBC MSCI World Islamic Screened UCITS ETF USD Acc

HSBC MSCI World UCITS ETF

Often compared with HIWS.L:
HIWS.L vs. ISWD.LHIWS.L vs. MVOL.LHIWS.L vs. IWVG.LHIWS.L vs. FCSG.LHIWS.L vs. HMEF.LHIWS.L vs. HMUD.LHIWS.L vs. HSTE.L
Often compared with HMWD.L:
HMWD.L vs. VWRL.ASHMWD.L vs. IWDA.LHMWD.L vs. TRET.ASHMWD.L vs. VDIV.DEHMWD.L vs. VWCE.DEHMWD.L vs. VWRL.LHMWD.L vs. EIMI.L

HIWS.L vs. HMWD.L - Expense Ratio Comparison

HIWS.L has a 0.30% expense ratio, which is higher than HMWD.L's 0.15% expense ratio.

HIWS.L
HSBC MSCI World Islamic Screened UCITS ETF USD Acc
HMWD.L
HSBC MSCI World UCITS ETF

Return for Risk

HIWS.L vs. HMWD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HIWS.L
HIWS.L Risk / Return Rank: 7979
Overall Rank
HIWS.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
HIWS.L Sortino Ratio Rank: 7676
Sortino Ratio Rank
HIWS.L Omega Ratio Rank: 7070
Omega Ratio Rank
HIWS.L Calmar Ratio Rank: 8888
Calmar Ratio Rank
HIWS.L Martin Ratio Rank: 8585
Martin Ratio Rank
HMWD.L
HMWD.L Risk / Return Rank: 7373
Overall Rank
HMWD.L Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
HMWD.L Sortino Ratio Rank: 7070
Sortino Ratio Rank
HMWD.L Omega Ratio Rank: 6969
Omega Ratio Rank
HMWD.L Calmar Ratio Rank: 7676
Calmar Ratio Rank
HMWD.L Martin Ratio Rank: 8080
Martin Ratio Rank
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.

HIWS.L vs. HMWD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI World Islamic Screened UCITS ETF USD Acc (HIWS.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.

HIWS.LHMWD.LDifference

Sharpe ratio

Return per unit of total volatility

1.44

1.14

+0.30

Sortino ratio

Return per unit of downside risk

2.05

1.62

+0.44

Omega ratio

Gain probability vs. loss probability

1.28

1.23

+0.04

Calmar ratio

Return relative to maximum drawdown

3.17

2.66

+0.51

Martin ratio

Return relative to average drawdown

11.20

9.48

+1.71

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIWS.L vs. HMWD.L - Sharpe Ratio Comparison

The current HIWS.L Sharpe Ratio is 1.44, which is comparable to the HMWD.L Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of HIWS.L and HMWD.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

HIWS.LHMWD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.44

1.14

+0.30

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.80

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.84

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.82

0.79

+0.04

Correlation

The correlation between HIWS.L and HMWD.L is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

HIWS.L vs. HMWD.L - Dividend Comparison

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

TTM20252024202320222021202020192018201720162015
HIWS.L
HSBC MSCI World Islamic Screened UCITS ETF USD Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
HMWD.L
HSBC MSCI World UCITS ETF		1.29%1.24%1.43%1.57%1.79%1.31%1.44%1.91%2.23%1.81%2.00%1.93%

Drawdowns

HIWS.L vs. HMWD.L - Drawdown Comparison

The maximum HIWS.L drawdown since its inception was -21.14%, smaller than the maximum HMWD.L drawdown of -26.10%. Use the drawdown chart below to compare losses from any high point for HIWS.L and HMWD.L.

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Drawdown Indicators

HIWS.LHMWD.LDifference

Max Drawdown

Largest peak-to-trough decline

-21.14%

-34.03%

+12.89%

Max Drawdown (1Y)

Largest decline over 1 year

-9.56%

-12.18%

+2.62%

Max Drawdown (5Y)

Largest decline over 5 years

—

-26.00%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.03%

—

Current Drawdown

Current decline from peak

-4.34%

-5.25%

+0.91%

Average Drawdown

Average peak-to-trough decline

-2.88%

-4.61%

+1.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.08%

2.11%

-0.03%

Volatility

HIWS.L vs. HMWD.L - Volatility Comparison

The current volatility for HSBC MSCI World Islamic Screened UCITS ETF USD Acc (HIWS.L) is 5.03%, while HSBC MSCI World UCITS ETF (HMWD.L) has a volatility of 5.41%. This indicates that HIWS.L experiences smaller price fluctuations and is considered to be less risky 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

HIWS.LHMWD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.03%

5.41%

-0.38%

Volatility (6M)

Calculated over the trailing 6-month period

10.06%

9.06%

+1.00%

Volatility (1Y)

Calculated over the trailing 1-year period

15.94%

15.15%

+0.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.63%

14.39%

-0.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.63%

15.47%

-1.84%