HMAF.L vs. SPY
Compare and contrast key facts about HSBC MSCI AC Far East ex Japan UCITS ETF USD (HMAF.L) and SPDR S&P 500 ETF (SPY).
HMAF.L and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both HMAF.L and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HMAF.L or SPY.
Correlation
The correlation between HMAF.L and SPY is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HMAF.L vs. SPY - Performance Comparison
Key characteristics
HMAF.L:
1.37
SPY:
1.72
HMAF.L:
1.99
SPY:
2.33
HMAF.L:
1.25
SPY:
1.32
HMAF.L:
0.71
SPY:
2.61
HMAF.L:
4.97
SPY:
10.82
HMAF.L:
4.56%
SPY:
2.03%
HMAF.L:
16.67%
SPY:
12.75%
HMAF.L:
-39.58%
SPY:
-55.19%
HMAF.L:
-16.79%
SPY:
-1.05%
Returns By Period
In the year-to-date period, HMAF.L achieves a 6.26% return, which is significantly higher than SPY's 2.95% return. Over the past 10 years, HMAF.L has underperformed SPY with an annualized return of 5.77%, while SPY has yielded a comparatively higher 13.13% annualized return.
HMAF.L
6.26%
6.88%
14.56%
24.04%
2.45%
5.77%
SPY
2.95%
3.78%
11.68%
23.68%
14.09%
13.13%
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HMAF.L vs. SPY - Expense Ratio Comparison
HMAF.L has a 0.45% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
HMAF.L vs. SPY — Risk-Adjusted Performance Rank
HMAF.L
SPY
HMAF.L vs. SPY - Risk-Adjusted Performance 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 SPDR S&P 500 ETF (SPY). 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.
Dividends
HMAF.L vs. SPY - Dividend Comparison
HMAF.L has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.17%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 1.59% | 1.32% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
HMAF.L vs. SPY - Drawdown Comparison
The maximum HMAF.L drawdown since its inception was -39.58%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HMAF.L and SPY. For additional features, visit the drawdowns tool.
Volatility
HMAF.L vs. SPY - Volatility Comparison
HSBC MSCI AC Far East ex Japan UCITS ETF USD (HMAF.L) has a higher volatility of 4.65% compared to SPDR S&P 500 ETF (SPY) at 3.45%. This indicates that HMAF.L's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.