HKOR.L vs. VONG

Last updated Apr 2, 2026

Compare and contrast key facts about HSBC MSCI Korea Capped UCITS ETF USD (HKOR.L) and Vanguard Russell 1000 Growth ETF (VONG).

HKOR.L and VONG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HKOR.L is a passively managed fund by HSBC that tracks the performance of the MSCI Korea NR USD. It was launched on Apr 6, 2011. VONG is a passively managed fund by Vanguard that tracks the performance of the Russell 1000 Growth Index. It was launched on Sep 20, 2010. Both HKOR.L and VONG 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

HKOR.L vs. VONG - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC MSCI Korea Capped UCITS ETF USD (HKOR.L) and Vanguard Russell 1000 Growth ETF (VONG). The values are adjusted to include any dividend payments, if applicable.

HKOR.L vs. VONG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HKOR.L HSBC MSCI Korea Capped UCITS ETF USD	32.63%	86.42%	-21.81%	13.46%	-19.95%	-7.35%	40.21%	7.12%	-16.48%	32.68%
VONG Vanguard Russell 1000 Growth ETF	-7.47%	10.01%	35.53%	35.54%	-20.76%	28.81%	34.24%	30.88%	4.31%	18.81%

Different Trading Currencies

HKOR.L is traded in GBp, while VONG is traded in USD. To make them comparable, the VONG values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, HKOR.L achieves a 32.63% return, which is significantly higher than VONG's -7.47% return. Over the past 10 years, HKOR.L has underperformed VONG with an annualized return of 12.71%, while VONG has yielded a comparatively higher 17.59% annualized return.

HKOR.L

• 1D: 8.76%
• 1M: -11.50%
• YTD: 32.63%
• 6M: 64.23%
• 1Y: 136.53%
• 3Y*: 27.71%
• 5Y*: 9.71%
• 10Y*: 12.71%

VONG

• 1D: 0.68%
• 1M: -3.54%
• YTD: -7.47%
• 6M: -6.92%
• 1Y: 15.74%
• 3Y*: 18.59%
• 5Y*: 13.51%
• 10Y*: 17.59%

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

HKOR.L vs. VONG - Expense Ratio Comparison

HKOR.L has a 0.50% expense ratio, which is higher than VONG's 0.06% expense ratio.

HKOR.L

HSBC MSCI Korea Capped UCITS ETF USD

VONG

Vanguard Russell 1000 Growth ETF

Return for Risk

HKOR.L vs. VONG — Risk / Return Rank

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

HKOR.L

HKOR.L Risk / Return Rank: 98
HKOR.L Sharpe Ratio Rank: 99
HKOR.L Sortino Ratio Rank: 98
HKOR.L Omega Ratio Rank: 98
HKOR.L Calmar Ratio Rank: 98
HKOR.L Martin Ratio Rank: 98

VONG

VONG Risk / Return Rank: 45
VONG Sharpe Ratio Rank: 44
VONG Sortino Ratio Rank: 48
VONG Omega Ratio Rank: 47
VONG Calmar Ratio Rank: 45
VONG Martin Ratio Rank: 43

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.

HKOR.L vs. VONG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Korea Capped UCITS ETF USD (HKOR.L) and Vanguard Russell 1000 Growth ETF (VONG). 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.

	HKOR.L	VONG	Difference
Sharpe ratio Return per unit of total volatility	4.36	0.69	+3.67
Sortino ratio Return per unit of downside risk	4.72	1.14	+3.58
Omega ratio Gain probability vs. loss probability	1.65	1.16	+0.49
Calmar ratio Return relative to maximum drawdown	6.50	1.03	+5.47
Martin ratio Return relative to average drawdown	24.71	2.98	+21.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HKOR.L vs. VONG - Sharpe Ratio Comparison

The current HKOR.L Sharpe Ratio is 4.36, which is higher than the VONG Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of HKOR.L and VONG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HKOR.L	VONG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.36	0.69	+3.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.67	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.85	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.91	-0.54

Correlation

The correlation between HKOR.L and VONG is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HKOR.L vs. VONG - Dividend Comparison

HKOR.L's dividend yield for the trailing twelve months is around 0.55%, more than VONG's 0.50% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HKOR.L HSBC MSCI Korea Capped UCITS ETF USD	0.55%	0.69%	1.51%	1.11%	0.71%	0.59%	0.02%	0.29%	0.53%	0.11%	0.13%	0.57%
VONG Vanguard Russell 1000 Growth ETF	0.50%	0.45%	0.55%	0.71%	0.98%	0.58%	0.77%	1.03%	1.18%	1.19%	1.48%	1.47%

Drawdowns

HKOR.L vs. VONG - Drawdown Comparison

The maximum HKOR.L drawdown since its inception was -44.41%, which is greater than VONG's maximum drawdown of -26.34%. Use the drawdown chart below to compare losses from any high point for HKOR.L and VONG.

Drawdown Indicators

	HKOR.L	VONG	Difference
Max Drawdown Largest peak-to-trough decline	-44.41%	-32.72%	-11.69%
Max Drawdown (1Y) Largest decline over 1 year	-21.26%	-16.23%	-5.03%
Max Drawdown (5Y) Largest decline over 5 years	-41.66%	-32.72%	-8.94%
Max Drawdown (10Y) Largest decline over 10 years	-44.41%	-32.72%	-11.69%
Current Drawdown Current decline from peak	-14.37%	-12.29%	-2.08%
Average Drawdown Average peak-to-trough decline	-15.87%	-4.90%	-10.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.59%	4.78%	+0.81%

Volatility

HKOR.L vs. VONG - Volatility Comparison

HSBC MSCI Korea Capped UCITS ETF USD (HKOR.L) has a higher volatility of 15.65% compared to Vanguard Russell 1000 Growth ETF (VONG) at 5.85%. This indicates that HKOR.L's price experiences larger fluctuations and is considered to be riskier than VONG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HKOR.L	VONG	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.65%	5.85%	+9.80%
Volatility (6M) Calculated over the trailing 6-month period	26.66%	12.13%	+14.53%
Volatility (1Y) Calculated over the trailing 1-year period	31.18%	22.81%	+8.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.29%	20.26%	+3.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.16%	20.83%	+2.33%