HMWD.L vs. EIMI.L
Compare and contrast key facts about HSBC MSCI World UCITS ETF (HMWD.L) and iShares Core MSCI EM IMI UCITS ETF (EIMI.L).
HMWD.L and EIMI.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HMWD.L is a passively managed fund by HSBC that tracks the performance of the MSCI ACWI NR USD. It was launched on Dec 8, 2010. EIMI.L is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Investable Market Index. It was launched on May 30, 2014. Both HMWD.L and EIMI.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HMWD.L or EIMI.L.
Key characteristics
| HMWD.L | EIMI.L | |
|---|---|---|
| YTD Return | 18.79% | 14.59% |
| 1Y Return | 31.09% | 23.86% |
| 3Y Return (Ann) | 8.12% | -0.39% |
| 5Y Return (Ann) | 13.11% | 5.61% |
| 10Y Return (Ann) | 10.70% | 4.21% |
| Sharpe Ratio | 2.78 | 1.72 |
| Sortino Ratio | 3.91 | 2.55 |
| Omega Ratio | 1.51 | 1.31 |
| Calmar Ratio | 2.55 | 0.86 |
| Martin Ratio | 18.12 | 10.23 |
| Ulcer Index | 1.79% | 2.53% |
| Daily Std Dev | 11.62% | 15.07% |
| Max Drawdown | -34.03% | -38.73% |
| Current Drawdown | -0.56% | -9.38% |
Correlation
The correlation between HMWD.L and EIMI.L is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HMWD.L vs. EIMI.L - Performance Comparison
In the year-to-date period, HMWD.L achieves a 18.79% return, which is significantly higher than EIMI.L's 14.59% return. Over the past 10 years, HMWD.L has outperformed EIMI.L with an annualized return of 10.70%, while EIMI.L has yielded a comparatively lower 4.21% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HMWD.L vs. EIMI.L - Expense Ratio Comparison
HMWD.L has a 0.15% expense ratio, which is lower than EIMI.L's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
HMWD.L vs. EIMI.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI World UCITS ETF (HMWD.L) and iShares Core MSCI EM IMI UCITS ETF (EIMI.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.
Dividends
HMWD.L vs. EIMI.L - Dividend Comparison
HMWD.L's dividend yield for the trailing twelve months is around 1.42%, while EIMI.L has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMWD.L HSBC MSCI World UCITS ETF | 1.42% | 1.57% | 1.79% | 1.31% | 1.44% | 1.91% | 2.23% | 1.81% | 2.00% | 1.93% | 1.83% | 1.83% |
EIMI.L iShares Core MSCI EM IMI 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% |
Drawdowns
HMWD.L vs. EIMI.L - Drawdown Comparison
The maximum HMWD.L drawdown since its inception was -34.03%, smaller than the maximum EIMI.L drawdown of -38.73%. Use the drawdown chart below to compare losses from any high point for HMWD.L and EIMI.L. For additional features, visit the drawdowns tool.
Volatility
HMWD.L vs. EIMI.L - Volatility Comparison
The current volatility for HSBC MSCI World UCITS ETF (HMWD.L) is 2.55%, while iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a volatility of 5.51%. This indicates that HMWD.L experiences smaller price fluctuations and is considered to be less risky than EIMI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.