HKOD.L vs. XDEV.L
HKOD.L (HSBC MSCI KOREA CAPPED UCITS ETF) and XDEV.L (Xtrackers MSCI World Value Factor UCITS ETF 1C) are both Global Equities funds - HKOD.L tracks the HSBC MSCI KOREA CAPPED UCITS ETF while XDEV.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 10 years, HKOD.L returned 14.34%/yr vs 12.23%/yr for XDEV.L. A 0.59 correlation means they provide meaningful diversification when combined. HKOD.L charges 0.50%/yr vs 0.25%/yr for XDEV.L.
Performance
HKOD.L vs. XDEV.L - Performance Comparison
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Different Trading Currencies
HKOD.L is traded in USD, while XDEV.L is traded in GBp. To make them comparable, the XDEV.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HKOD.L achieves a 70.37% return, which is significantly higher than XDEV.L's 30.33% return. Over the past 10 years, HKOD.L has outperformed XDEV.L with an annualized return of 14.34%, while XDEV.L has yielded a comparatively lower 12.23% annualized return.
HKOD.L
- 1D
- -1.67%
- 1M
- -20.60%
- 6M
- 52.67%
- YTD
- 70.37%
- 1Y
- 138.83%
- 3Y*
- 37.85%
- 5Y*
- 14.71%
- 10Y*
- 14.34%
XDEV.L
- 1D
- -1.10%
- 1M
- -3.59%
- 6M
- 26.45%
- YTD
- 30.33%
- 1Y
- 57.83%
- 3Y*
- 26.88%
- 5Y*
- 16.75%
- 10Y*
- 12.23%
HKOD.L vs. XDEV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HKOD.L HSBC MSCI KOREA CAPPED UCITS ETF | 70.37% | 99.54% | -22.90% | 19.95% | -28.44% | -8.49% | 45.08% | 10.64% | -21.06% | 45.79% |
XDEV.L Xtrackers MSCI World Value Factor UCITS ETF 1C | 30.33% | 40.36% | 5.01% | 19.23% | -9.79% | 20.57% | -4.03% | 19.16% | -14.37% | 22.56% |
Correlation
The correlation between HKOD.L and XDEV.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2014 | 0.59 |
The correlation between HKOD.L and XDEV.L has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.
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Return for Risk
HKOD.L vs. XDEV.L — Risk / Return Rank
HKOD.L
XDEV.L
HKOD.L vs. XDEV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.L) and Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.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.
| HKOD.L | XDEV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.62 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 5.77 | 6.59 | -0.82 |
| Martin ratioReturn relative to average drawdown | 17.93 | 23.86 | -5.93 |
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Drawdowns
HKOD.L vs. XDEV.L - Drawdown Comparison
The maximum HKOD.L drawdown since its inception was -50.54%, roughly equal to the maximum XDEV.L drawdown of -50.32%. Use the drawdown chart below to compare losses from any high point for HKOD.L and XDEV.L.
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Drawdown Indicators
| HKOD.L | XDEV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.54% | -50.32% | -0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -24.00% | -8.73% | -15.27% |
Max Drawdown (3Y)Largest decline over 3 years | -29.48% | -18.80% | -10.68% |
Max Drawdown (5Y)Largest decline over 5 years | -47.65% | -26.72% | -20.93% |
Max Drawdown (10Y)Largest decline over 10 years | -50.54% | -41.02% | -9.52% |
Current DrawdownCurrent decline from peak | -24.00% | -3.88% | -20.12% |
Average DrawdownAverage peak-to-trough decline | -18.79% | -21.78% | +2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.75% | 2.42% | +5.33% |
Volatility
HKOD.L vs. XDEV.L - Volatility Comparison
HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.L) has a higher volatility of 20.20% compared to Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.L) at 5.95%. This indicates that HKOD.L's price experiences larger fluctuations and is considered to be riskier than XDEV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HKOD.L | XDEV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.20% | 5.95% | +14.25% |
Volatility (6M)Calculated over the trailing 6-month period | 41.23% | 13.95% | +27.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.10% | 16.24% | +28.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.74% | 20.88% | +8.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.96% | 22.09% | +4.87% |
HKOD.L vs. XDEV.L - Expense Ratio Comparison
HKOD.L has a 0.50% expense ratio, which is higher than XDEV.L's 0.25% expense ratio.
Dividends
HKOD.L vs. XDEV.L - Dividend Comparison
HKOD.L's dividend yield for the trailing twelve months is around 0.43%, while XDEV.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HKOD.L HSBC MSCI KOREA CAPPED UCITS ETF | 0.43% | 0.68% | 1.54% | 1.08% | 0.72% | 0.61% | 0.02% | 0.29% | 0.56% | 0.10% |
XDEV.L Xtrackers MSCI World Value Factor UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HKOD.L and XDEV.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEV.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEV.L is cheaper with a 0.25% expense ratio, compared with 0.50% for HKOD.L.
HKOD.L tracks HSBC MSCI KOREA CAPPED UCITS ETF, while XDEV.L tracks MSCI ACWI Value NR USD. They also come from different issuers: HSBC and DWS. Their fees differ too: 0.50% for HKOD.L and 0.25% for XDEV.L.
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