HMWD.L vs. VWRL.AS
Compare and contrast key facts about HSBC MSCI World UCITS ETF (HMWD.L) and Vanguard FTSE All-World UCITS ETF (VWRL.AS).
HMWD.L and VWRL.AS 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. VWRL.AS is a passively managed fund by Vanguard that tracks the performance of the MSCI ACWI NR USD. It was launched on May 22, 2012. Both HMWD.L and VWRL.AS 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 VWRL.AS.
Key characteristics
| HMWD.L | VWRL.AS | |
|---|---|---|
| YTD Return | 18.79% | 20.75% |
| 1Y Return | 31.09% | 26.39% |
| 3Y Return (Ann) | 8.12% | 9.01% |
| 5Y Return (Ann) | 13.11% | 12.20% |
| 10Y Return (Ann) | 10.70% | 11.39% |
| Sharpe Ratio | 2.78 | 3.03 |
| Sortino Ratio | 3.91 | 3.95 |
| Omega Ratio | 1.51 | 1.61 |
| Calmar Ratio | 2.55 | 3.81 |
| Martin Ratio | 18.12 | 18.83 |
| Ulcer Index | 1.79% | 1.64% |
| Daily Std Dev | 11.62% | 10.34% |
| Max Drawdown | -34.03% | -33.27% |
| Current Drawdown | -0.56% | -0.25% |
Correlation
The correlation between HMWD.L and VWRL.AS is 0.90, 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. VWRL.AS - Performance Comparison
In the year-to-date period, HMWD.L achieves a 18.79% return, which is significantly lower than VWRL.AS's 20.75% return. Over the past 10 years, HMWD.L has underperformed VWRL.AS with an annualized return of 10.70%, while VWRL.AS has yielded a comparatively higher 11.39% 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. VWRL.AS - Expense Ratio Comparison
HMWD.L has a 0.15% expense ratio, which is lower than VWRL.AS's 0.22% 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. VWRL.AS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI World UCITS ETF (HMWD.L) and Vanguard FTSE All-World UCITS ETF (VWRL.AS). 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. VWRL.AS - Dividend Comparison
HMWD.L's dividend yield for the trailing twelve months is around 1.42%, less than VWRL.AS's 1.48% yield.
| 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% |
VWRL.AS Vanguard FTSE All-World UCITS ETF | 1.48% | 1.74% | 2.10% | 1.43% | 1.56% | 1.89% | 2.24% | 1.93% | 1.95% | 2.03% | 2.06% | 1.57% |
Drawdowns
HMWD.L vs. VWRL.AS - Drawdown Comparison
The maximum HMWD.L drawdown since its inception was -34.03%, roughly equal to the maximum VWRL.AS drawdown of -33.27%. Use the drawdown chart below to compare losses from any high point for HMWD.L and VWRL.AS. For additional features, visit the drawdowns tool.
Volatility
HMWD.L vs. VWRL.AS - Volatility Comparison
The current volatility for HSBC MSCI World UCITS ETF (HMWD.L) is 2.55%, while Vanguard FTSE All-World UCITS ETF (VWRL.AS) has a volatility of 2.77%. This indicates that HMWD.L experiences smaller price fluctuations and is considered to be less risky than VWRL.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.