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HMAF.L vs. CP9U.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

HMAF.L vs. CP9U.L

Last updated Apr 2, 2026

Compare and contrast key facts about HSBC MSCI AC Far East ex Japan UCITS ETF USD (HMAF.L) and Amundi MSCI Pacific ex Japan UCITS DR (CP9U.L).

HMAF.L and CP9U.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HMAF.L is a passively managed fund by HSBC that tracks the performance of the MSCI AC Asia Ex Japan NR USD. It was launched on Sep 27, 2013. CP9U.L is a passively managed fund by Amundi that tracks the performance of the MSCI Pacific Ex Japan NR USD. It was launched on Feb 14, 2018. Both HMAF.L and CP9U.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

HMAF.L vs. CP9U.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC MSCI AC Far East ex Japan UCITS ETF USD (HMAF.L) and Amundi MSCI Pacific ex Japan UCITS DR (CP9U.L). The values are adjusted to include any dividend payments, if applicable.

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HMAF.L vs. CP9U.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
HMAF.L
HSBC MSCI AC Far East ex Japan UCITS ETF USD		8.96%31.76%13.79%-3.80%-12.60%-7.57%21.71%7.44%
CP9U.L
Amundi MSCI Pacific ex Japan UCITS DR		4.29%5.38%1.15%-0.06%-2.40%6.05%0.59%0.72%
Different Trading Currencies

HMAF.L is traded in GBP, while CP9U.L is traded in USD. To make them comparable, the CP9U.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, HMAF.L achieves a 8.96% return, which is significantly higher than CP9U.L's 4.29% return.

HMAF.L

1D
3.70%
1M
-5.75%
YTD
8.96%
6M
12.66%
1Y
40.00%
3Y*
14.91%
5Y*
4.26%
10Y*
9.46%

CP9U.L

1D
2.64%
1M
-3.10%
YTD
4.29%
6M
3.25%
1Y
11.48%
3Y*
3.31%
5Y*
3.08%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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HSBC MSCI AC Far East ex Japan UCITS ETF USD

Amundi MSCI Pacific ex Japan UCITS DR

Often compared with HMAF.L:
HMAF.L vs. SPYHMAF.L vs. HSTC.LHMAF.L vs. CP9G.LHMAF.L vs. HMEF.LHMAF.L vs. FRIN.LHMAF.L vs. H50E.LHMAF.L vs. HMUD.L
Often compared with CP9U.L:
CP9U.L vs. LDAG.LCP9U.L vs. KRWL.LCP9U.L vs. IKOR.LCP9U.L vs. LAUU.LCP9U.L vs. IDAP.LCP9U.L vs. AUAD.LCP9U.L vs. FLRK.L

HMAF.L vs. CP9U.L - Expense Ratio Comparison

HMAF.L has a 0.45% expense ratio, which is higher than CP9U.L's 0.35% expense ratio.

HMAF.L
HSBC MSCI AC Far East ex Japan UCITS ETF USD
CP9U.L
Amundi MSCI Pacific ex Japan UCITS DR

Return for Risk

HMAF.L vs. CP9U.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HMAF.L
HMAF.L Risk / Return Rank: 9090
Overall Rank
HMAF.L Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
HMAF.L Sortino Ratio Rank: 9090
Sortino Ratio Rank
HMAF.L Omega Ratio Rank: 8989
Omega Ratio Rank
HMAF.L Calmar Ratio Rank: 9393
Calmar Ratio Rank
HMAF.L Martin Ratio Rank: 8888
Martin Ratio Rank
CP9U.L
CP9U.L Risk / Return Rank: 4747
Overall Rank
CP9U.L Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
CP9U.L Sortino Ratio Rank: 4242
Sortino Ratio Rank
CP9U.L Omega Ratio Rank: 4343
Omega Ratio Rank
CP9U.L Calmar Ratio Rank: 5454
Calmar Ratio Rank
CP9U.L Martin Ratio Rank: 5050
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.

HMAF.L vs. CP9U.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 USD (HMAF.L) and Amundi MSCI Pacific ex Japan UCITS DR (CP9U.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.

HMAF.LCP9U.LDifference

Sharpe ratio

Return per unit of total volatility

2.09

0.80

+1.28

Sortino ratio

Return per unit of downside risk

2.67

1.15

+1.52

Omega ratio

Gain probability vs. loss probability

1.39

1.16

+0.22

Calmar ratio

Return relative to maximum drawdown

3.85

1.57

+2.27

Martin ratio

Return relative to average drawdown

12.13

4.96

+7.18

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

HMAF.L vs. CP9U.L - Sharpe Ratio Comparison

The current HMAF.L Sharpe Ratio is 2.09, which is higher than the CP9U.L Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of HMAF.L and CP9U.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

HMAF.LCP9U.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.09

0.80

+1.28

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.23

0.32

-0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.50

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.24

+0.21

Correlation

The correlation between HMAF.L and CP9U.L is 0.29, 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

HMAF.L vs. CP9U.L - Dividend Comparison

Neither HMAF.L nor CP9U.L has paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
HMAF.L
HSBC MSCI AC Far East ex Japan UCITS ETF USD		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%1.59%
CP9U.L
Amundi MSCI Pacific ex Japan UCITS DR		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

HMAF.L vs. CP9U.L - Drawdown Comparison

The maximum HMAF.L drawdown since its inception was -39.58%, which is greater than CP9U.L's maximum drawdown of -29.43%. Use the drawdown chart below to compare losses from any high point for HMAF.L and CP9U.L.

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Drawdown Indicators

HMAF.LCP9U.LDifference

Max Drawdown

Largest peak-to-trough decline

-39.58%

-38.03%

-1.55%

Max Drawdown (1Y)

Largest decline over 1 year

-13.42%

-10.30%

-3.12%

Max Drawdown (5Y)

Largest decline over 5 years

-34.56%

-25.90%

-8.66%

Max Drawdown (10Y)

Largest decline over 10 years

-39.58%

—

—

Current Drawdown

Current decline from peak

-7.31%

-5.35%

-1.96%

Average Drawdown

Average peak-to-trough decline

-12.69%

-7.43%

-5.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.37%

2.94%

+0.43%

Volatility

HMAF.L vs. CP9U.L - Volatility Comparison

HSBC MSCI AC Far East ex Japan UCITS ETF USD (HMAF.L) has a higher volatility of 7.52% compared to Amundi MSCI Pacific ex Japan UCITS DR (CP9U.L) at 5.80%. This indicates that HMAF.L's price experiences larger fluctuations and is considered to be riskier than CP9U.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HMAF.LCP9U.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.52%

5.80%

+1.72%

Volatility (6M)

Calculated over the trailing 6-month period

13.74%

9.33%

+4.41%

Volatility (1Y)

Calculated over the trailing 1-year period

19.12%

14.46%

+4.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.58%

17.97%

+0.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.74%

20.99%

-2.25%