HMAD.L vs. IDFF.L
HMAD.L (HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF) and IDFF.L (iShares MSCI AC Far East ex-Japan UCITS ETF) are both Japan Equities funds - HMAD.L tracks the HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF while IDFF.L tracks the iShares MSCI AC Far East ex-Japan UCITS ETF. Both are passively managed. Over the past 10 years, HMAD.L returned 9.94%/yr vs 9.66%/yr for IDFF.L. With a 0.98 correlation, they move nearly in lockstep. HMAD.L charges 0.45%/yr vs 0.74%/yr for IDFF.L.
Performance
HMAD.L vs. IDFF.L - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with HMAD.L having a 26.73% return and IDFF.L slightly higher at 26.95%. Both investments have delivered pretty close results over the past 10 years, with HMAD.L having a 9.94% annualized return and IDFF.L not far behind at 9.66%.
HMAD.L
- 1D
- -1.11%
- 1M
- -8.23%
- 6M
- 19.23%
- YTD
- 26.73%
- 1Y
- 48.95%
- 3Y*
- 24.40%
- 5Y*
- 7.36%
- 10Y*
- 9.94%
IDFF.L
- 1D
- -1.70%
- 1M
- -8.33%
- 6M
- 18.87%
- YTD
- 26.95%
- 1Y
- 48.14%
- 3Y*
- 24.00%
- 5Y*
- 7.12%
- 10Y*
- 9.66%
HMAD.L vs. IDFF.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HMAD.L HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF | 26.73% | 41.42% | 11.84% | 1.71% | -21.78% | -8.81% | 26.05% | 17.57% | -14.95% | 42.10% |
IDFF.L iShares MSCI AC Far East ex-Japan UCITS ETF | 26.95% | 39.49% | 12.16% | 1.47% | -21.79% | -9.20% | 25.91% | 17.27% | -15.18% | 41.70% |
Correlation
The correlation between HMAD.L and IDFF.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2013 | 0.98 |
The correlation between HMAD.L and IDFF.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HMAD.L vs. IDFF.L — Risk / Return Rank
HMAD.L
IDFF.L
HMAD.L vs. IDFF.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF (HMAD.L) and iShares MSCI AC Far East ex-Japan UCITS ETF (IDFF.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.
| HMAD.L | IDFF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.35 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 3.79 | -0.01 |
| Martin ratioReturn relative to average drawdown | 11.13 | 11.11 | +0.01 |
Loading charts...
Drawdowns
HMAD.L vs. IDFF.L - Drawdown Comparison
The maximum HMAD.L drawdown since its inception was -50.05%, smaller than the maximum IDFF.L drawdown of -64.08%. Use the drawdown chart below to compare losses from any high point for HMAD.L and IDFF.L.
Loading charts...
Drawdown Indicators
| HMAD.L | IDFF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.05% | -64.08% | +14.03% |
Max Drawdown (1Y)Largest decline over 1 year | -12.83% | -12.63% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -19.56% | -19.77% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -43.66% | -43.71% | +0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -50.05% | -50.09% | +0.04% |
Current DrawdownCurrent decline from peak | -10.65% | -10.89% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -16.49% | -18.18% | +1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.37% | 4.32% | +0.05% |
Volatility
HMAD.L vs. IDFF.L - Volatility Comparison
HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF (HMAD.L) and iShares MSCI AC Far East ex-Japan UCITS ETF (IDFF.L) have volatilities of 10.83% and 10.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HMAD.L | IDFF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.83% | 10.68% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 21.87% | 22.07% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.64% | 24.77% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.14% | 22.32% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.71% | 20.81% | -0.10% |
HMAD.L vs. IDFF.L - Expense Ratio Comparison
HMAD.L has a 0.45% expense ratio, which is lower than IDFF.L's 0.74% expense ratio.
Dividends
HMAD.L vs. IDFF.L - Dividend Comparison
HMAD.L has not paid dividends to shareholders, while IDFF.L's dividend yield for the trailing twelve months is around 1.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMAD.L HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDFF.L iShares MSCI AC Far East ex-Japan UCITS ETF | 1.10% | 1.46% | 1.85% | 1.85% | 2.07% | 1.39% | 1.13% | 1.67% | 2.04% | 1.50% | 1.92% | 2.29% |
Frequently Asked Questions
With a correlation of 0.99, HMAD.L and IDFF.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, HMAD.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HMAD.L is cheaper with a 0.45% expense ratio, compared with 0.74% for IDFF.L.
HMAD.L tracks HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF, while IDFF.L tracks iShares MSCI AC Far East ex-Japan UCITS ETF. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.45% for HMAD.L and 0.74% for IDFF.L.
Find the right allocation for HMAD.L and IDFF.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer