HMWD.L vs. IDIN.L
HMWD.L (HSBC MSCI World UCITS ETF) and IDIN.L (iShares Global Infrastructure UCITS ETF USD (Dist)) are both exchange-traded funds - HMWD.L is a Global Equities fund tracking the MSCI ACWI NR USD, while IDIN.L is a Mid Cap Value Equities fund tracking the FTSE Global Core Infrastructure Index (USD). Both are passively managed. Over the past 10 years, HMWD.L returned 13.05%/yr vs 7.27%/yr for IDIN.L. A 0.67 correlation means they provide meaningful diversification when combined. HMWD.L charges 0.15%/yr vs 0.65%/yr for IDIN.L.
Performance
HMWD.L vs. IDIN.L - Performance Comparison
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Returns By Period
In the year-to-date period, HMWD.L achieves a 9.01% return, which is significantly lower than IDIN.L's 13.89% return. Over the past 10 years, HMWD.L has outperformed IDIN.L with an annualized return of 13.05%, while IDIN.L has yielded a comparatively lower 7.27% annualized return.
HMWD.L
- 1D
- -1.02%
- 1M
- -0.68%
- 6M
- 7.40%
- YTD
- 9.01%
- 1Y
- 20.26%
- 3Y*
- 18.36%
- 5Y*
- 11.46%
- 10Y*
- 13.05%
IDIN.L
- 1D
- 0.73%
- 1M
- 3.57%
- 6M
- 12.60%
- YTD
- 13.89%
- 1Y
- 19.00%
- 3Y*
- 12.53%
- 5Y*
- 6.83%
- 10Y*
- 7.27%
HMWD.L vs. IDIN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HMWD.L HSBC MSCI World UCITS ETF | 9.01% | 21.06% | 19.12% | 24.61% | -18.25% | 22.44% | 16.43% | 27.45% | -8.90% | 23.11% |
IDIN.L iShares Global Infrastructure UCITS ETF USD (Dist) | 13.89% | 12.97% | 8.79% | -0.03% | -5.92% | 17.16% | -1.96% | 23.97% | -2.04% | 14.86% |
Correlation
The correlation between HMWD.L and IDIN.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2010 | 0.67 |
Over the past year, the correlation between HMWD.L and IDIN.L has dropped to 0.19 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
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Return for Risk
HMWD.L vs. IDIN.L — Risk / Return Rank
HMWD.L
IDIN.L
HMWD.L vs. IDIN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI World UCITS ETF (HMWD.L) and iShares Global Infrastructure UCITS ETF USD (Dist) (IDIN.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.
| HMWD.L | IDIN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.31 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 3.72 | -1.29 |
| Martin ratioReturn relative to average drawdown | 9.95 | 9.70 | +0.25 |
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Drawdowns
HMWD.L vs. IDIN.L - Drawdown Comparison
The maximum HMWD.L drawdown since its inception was -34.01%, smaller than the maximum IDIN.L drawdown of -49.57%. Use the drawdown chart below to compare losses from any high point for HMWD.L and IDIN.L.
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Drawdown Indicators
| HMWD.L | IDIN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.01% | -49.57% | +15.56% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -5.08% | -3.22% |
Max Drawdown (3Y)Largest decline over 3 years | -17.58% | -14.86% | -2.72% |
Max Drawdown (5Y)Largest decline over 5 years | -25.99% | -22.69% | -3.30% |
Max Drawdown (10Y)Largest decline over 10 years | -34.01% | -34.86% | +0.85% |
Current DrawdownCurrent decline from peak | -1.20% | 0.00% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -4.75% | -11.72% | +6.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.95% | +0.08% |
Volatility
HMWD.L vs. IDIN.L - Volatility Comparison
HSBC MSCI World UCITS ETF (HMWD.L) has a higher volatility of 3.05% compared to iShares Global Infrastructure UCITS ETF USD (Dist) (IDIN.L) at 2.45%. This indicates that HMWD.L's price experiences larger fluctuations and is considered to be riskier than IDIN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HMWD.L | IDIN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 2.45% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 9.88% | 8.83% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.31% | 10.60% | +1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.63% | 13.51% | +2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.73% | 14.39% | +1.34% |
HMWD.L vs. IDIN.L - Expense Ratio Comparison
HMWD.L has a 0.15% expense ratio, which is lower than IDIN.L's 0.65% expense ratio.
Dividends
HMWD.L vs. IDIN.L - Dividend Comparison
HMWD.L's dividend yield for the trailing twelve months is around 1.18%, less than IDIN.L's 2.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMWD.L HSBC MSCI World UCITS ETF | 1.18% | 1.24% | 1.43% | 1.57% | 1.79% | 1.31% | 1.44% | 1.91% | 2.23% | 1.81% | 2.00% | 1.93% |
IDIN.L iShares Global Infrastructure UCITS ETF USD (Dist) | 2.01% | 2.20% | 2.36% | 2.37% | 2.11% | 1.93% | 2.08% | 2.05% | 2.34% | 2.60% | 2.80% | 3.20% |
Frequently Asked Questions
HMWD.L and IDIN.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HMWD.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HMWD.L is cheaper with a 0.15% expense ratio, compared with 0.65% for IDIN.L.
HMWD.L is categorized as Global Equities, while IDIN.L is Mid Cap Value Equities. HMWD.L tracks MSCI ACWI NR USD, while IDIN.L tracks FTSE Global Core Infrastructure Index (USD). They also come from different issuers: HSBC and iShares. Their fees differ too: 0.15% for HMWD.L and 0.65% for IDIN.L.
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