HMWD.L vs. XLK
Compare and contrast key facts about HSBC MSCI World UCITS ETF (HMWD.L) and Technology Select Sector SPDR Fund (XLK).
HMWD.L and XLK 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. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998. Both HMWD.L and XLK 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 XLK.
Key characteristics
| HMWD.L | XLK | |
|---|---|---|
| YTD Return | 18.79% | 19.80% |
| 1Y Return | 31.09% | 36.37% |
| 3Y Return (Ann) | 8.12% | 14.75% |
| 5Y Return (Ann) | 13.11% | 24.42% |
| 10Y Return (Ann) | 10.70% | 21.40% |
| Sharpe Ratio | 2.78 | 1.66 |
| Sortino Ratio | 3.91 | 2.20 |
| Omega Ratio | 1.51 | 1.29 |
| Calmar Ratio | 2.55 | 2.11 |
| Martin Ratio | 18.12 | 7.34 |
| Ulcer Index | 1.79% | 4.87% |
| Daily Std Dev | 11.62% | 21.57% |
| Max Drawdown | -34.03% | -82.05% |
| Current Drawdown | -0.56% | -3.31% |
Correlation
The correlation between HMWD.L and XLK is 0.47, 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
HMWD.L vs. XLK - Performance Comparison
In the year-to-date period, HMWD.L achieves a 18.79% return, which is significantly lower than XLK's 19.80% return. Over the past 10 years, HMWD.L has underperformed XLK with an annualized return of 10.70%, while XLK has yielded a comparatively higher 21.40% 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. XLK - Expense Ratio Comparison
HMWD.L has a 0.15% expense ratio, which is higher than XLK's 0.13% expense ratio. However, 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. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI World UCITS ETF (HMWD.L) and Technology Select Sector SPDR Fund (XLK). 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. XLK - Dividend Comparison
HMWD.L's dividend yield for the trailing twelve months is around 1.42%, more than XLK's 0.68% 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% |
XLK Technology Select Sector SPDR Fund | 0.68% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
HMWD.L vs. XLK - Drawdown Comparison
The maximum HMWD.L drawdown since its inception was -34.03%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for HMWD.L and XLK. For additional features, visit the drawdowns tool.
Volatility
HMWD.L vs. XLK - Volatility Comparison
The current volatility for HSBC MSCI World UCITS ETF (HMWD.L) is 2.55%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 5.77%. This indicates that HMWD.L experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.