HMWO.L vs. IDEV
Compare and contrast key facts about HSBC MSCI World UCITS ETF (HMWO.L) and iShares Core MSCI International Developed Markets ETF (IDEV).
HMWO.L and IDEV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HMWO.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. IDEV is a passively managed fund by iShares that tracks the performance of the MSCI World ex USA Investable Market Index. It was launched on Mar 21, 2017. Both HMWO.L and IDEV 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: HMWO.L or IDEV.
Correlation
The correlation between HMWO.L and IDEV is 0.62, 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
HMWO.L vs. IDEV - Performance Comparison
Key characteristics
HMWO.L:
0.20
IDEV:
0.75
HMWO.L:
0.37
IDEV:
1.16
HMWO.L:
1.05
IDEV:
1.16
HMWO.L:
0.16
IDEV:
0.96
HMWO.L:
0.58
IDEV:
3.04
HMWO.L:
5.13%
IDEV:
4.23%
HMWO.L:
14.98%
IDEV:
17.13%
HMWO.L:
-25.48%
IDEV:
-34.77%
HMWO.L:
-11.08%
IDEV:
-0.30%
Returns By Period
In the year-to-date period, HMWO.L achieves a -6.85% return, which is significantly lower than IDEV's 12.47% return.
HMWO.L
-6.85%
9.50%
-4.19%
3.08%
12.71%
11.05%
IDEV
12.47%
16.86%
9.30%
11.78%
11.91%
N/A
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HMWO.L vs. IDEV - Expense Ratio Comparison
HMWO.L has a 0.15% expense ratio, which is higher than IDEV's 0.05% 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
HMWO.L vs. IDEV — Risk-Adjusted Performance Rank
HMWO.L
IDEV
HMWO.L vs. IDEV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI World UCITS ETF (HMWO.L) and iShares Core MSCI International Developed Markets ETF (IDEV). 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
HMWO.L vs. IDEV - Dividend Comparison
HMWO.L's dividend yield for the trailing twelve months is around 1.12%, less than IDEV's 2.94% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMWO.L HSBC MSCI World UCITS ETF | 1.12% | 1.41% | 1.60% | 1.75% | 1.27% | 1.55% | 1.97% | 2.11% | 1.91% | 1.84% | 1.86% | 1.72% |
IDEV iShares Core MSCI International Developed Markets ETF | 2.94% | 3.30% | 3.06% | 2.69% | 3.05% | 2.00% | 3.19% | 3.16% | 1.54% | 0.00% | 0.00% | 0.00% |
Drawdowns
HMWO.L vs. IDEV - Drawdown Comparison
The maximum HMWO.L drawdown since its inception was -25.48%, smaller than the maximum IDEV drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for HMWO.L and IDEV. For additional features, visit the drawdowns tool.
Volatility
HMWO.L vs. IDEV - Volatility Comparison
HSBC MSCI World UCITS ETF (HMWO.L) and iShares Core MSCI International Developed Markets ETF (IDEV) have volatilities of 7.99% and 8.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.