HIWS.L vs. WRDA.L
Compare and contrast key facts about HSBC MSCI World Islamic Screened UCITS ETF USD Acc (HIWS.L) and UBS Core MSCI World UCITS ETF USD Acc (WRDA.L).
HIWS.L and WRDA.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. WRDA.L is a passively managed fund by UBS that tracks the performance of the MSCI World Index. It was launched on Aug 5, 2025. Both HIWS.L and WRDA.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. WRDA.L - Performance Comparison
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HIWS.L vs. WRDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HIWS.L HSBC MSCI World Islamic Screened UCITS ETF USD Acc | 1.03% | 13.05% | 7.89% |
WRDA.L UBS Core MSCI World UCITS ETF USD Acc | -1.39% | 12.77% | 20.02% |
Different Trading Currencies
HIWS.L is traded in GBP, while WRDA.L is traded in GBp. To make them comparable, the WRDA.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 WRDA.L's -1.39% return.
HIWS.L
- 1D
- 2.08%
- 1M
- -3.77%
- YTD
- 1.03%
- 6M
- 6.42%
- 1Y
- 23.00%
- 3Y*
- 11.47%
- 5Y*
- —
- 10Y*
- —
WRDA.L
- 1D
- 1.76%
- 1M
- -3.44%
- YTD
- -1.39%
- 6M
- 2.20%
- 1Y
- 16.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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HIWS.L vs. WRDA.L - Expense Ratio Comparison
HIWS.L has a 0.30% expense ratio, which is higher than WRDA.L's 0.06% expense ratio.
Return for Risk
HIWS.L vs. WRDA.L — Risk / Return Rank
HIWS.L
WRDA.L
HIWS.L vs. WRDA.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 UBS Core MSCI World UCITS ETF USD Acc (WRDA.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.L | WRDA.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.44 | 1.23 | +0.21 |
Sortino ratioReturn per unit of downside risk | 2.05 | 1.71 | +0.34 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 3.17 | 2.59 | +0.58 |
Martin ratioReturn relative to average drawdown | 11.20 | 9.58 | +1.61 |
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
| HIWS.L | WRDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.23 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 1.13 | -0.31 |
Correlation
The correlation between HIWS.L and WRDA.L is 0.90, 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. WRDA.L - Dividend Comparison
Neither HIWS.L nor WRDA.L has paid dividends to shareholders.
Drawdowns
HIWS.L vs. WRDA.L - Drawdown Comparison
The maximum HIWS.L drawdown since its inception was -21.14%, which is greater than WRDA.L's maximum drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for HIWS.L and WRDA.L.
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Drawdown Indicators
| HIWS.L | WRDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.14% | -18.38% | -2.76% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -10.06% | +0.50% |
Current DrawdownCurrent decline from peak | -4.34% | -3.67% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -2.41% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 1.76% | +0.32% |
Volatility
HIWS.L vs. WRDA.L - Volatility Comparison
HSBC MSCI World Islamic Screened UCITS ETF USD Acc (HIWS.L) has a higher volatility of 5.03% compared to UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) at 4.18%. This indicates that HIWS.L's price experiences larger fluctuations and is considered to be riskier than WRDA.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.L | WRDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.03% | 4.18% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 10.06% | 8.10% | +1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.94% | 13.73% | +2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.63% | 12.54% | +1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.63% | 12.54% | +1.09% |