HMWO.L vs. IDIN.L
HMWO.L (HSBC MSCI World UCITS ETF) and IDIN.L (iShares Global Infrastructure UCITS ETF USD (Dist)) are both exchange-traded funds - HMWO.L is a Global Equities fund tracking the MSCI World Index, 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, HMWO.L returned 12.79%/yr vs 6.98%/yr for IDIN.L. A 0.63 correlation means they provide meaningful diversification when combined. HMWO.L charges 0.15%/yr vs 0.65%/yr for IDIN.L.
Performance
HMWO.L vs. IDIN.L - Performance Comparison
Loading charts...
Different Trading Currencies
HMWO.L is traded in GBp, while IDIN.L is traded in USD. To make them comparable, the IDIN.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, HMWO.L achieves a 9.10% return, which is significantly lower than IDIN.L's 14.05% return. Over the past 10 years, HMWO.L has outperformed IDIN.L with an annualized return of 12.79%, while IDIN.L has yielded a comparatively lower 6.98% annualized return.
HMWO.L
- 1D
- -0.89%
- 1M
- -1.13%
- 6M
- 6.86%
- YTD
- 9.10%
- 1Y
- 19.87%
- 3Y*
- 17.22%
- 5Y*
- 12.01%
- 10Y*
- 12.79%
IDIN.L
- 1D
- 0.89%
- 1M
- 2.30%
- 6M
- 11.95%
- YTD
- 14.05%
- 1Y
- 18.67%
- 3Y*
- 11.36%
- 5Y*
- 7.32%
- 10Y*
- 6.98%
HMWO.L vs. IDIN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HMWO.L HSBC MSCI World UCITS ETF | 9.10% | 12.63% | 21.17% | 17.80% | -8.47% | 23.98% | 12.48% | 23.41% | -3.60% | 12.05% |
IDIN.L iShares Global Infrastructure UCITS ETF USD (Dist) | 14.05% | 4.93% | 10.69% | -5.02% | 5.26% | 18.27% | -4.84% | 19.26% | 3.77% | 4.93% |
Correlation
The correlation between HMWO.L and IDIN.L is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2010 | 0.63 |
Over the past year, the correlation between HMWO.L and IDIN.L has dropped to 0.09 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HMWO.L vs. IDIN.L — Risk / Return Rank
HMWO.L
IDIN.L
HMWO.L vs. IDIN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI World UCITS ETF (HMWO.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.
| HMWO.L | IDIN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.28 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 3.73 | -0.69 |
| Martin ratioReturn relative to average drawdown | 11.81 | 8.41 | +3.40 |
Loading charts...
Drawdowns
HMWO.L vs. IDIN.L - Drawdown Comparison
The maximum HMWO.L drawdown since its inception was -44.90%, which is greater than IDIN.L's maximum drawdown of -36.86%. Use the drawdown chart below to compare losses from any high point for HMWO.L and IDIN.L.
Loading charts...
Drawdown Indicators
| HMWO.L | IDIN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.90% | -36.86% | -8.04% |
Max Drawdown (1Y)Largest decline over 1 year | -6.51% | -4.98% | -1.53% |
Max Drawdown (3Y)Largest decline over 3 years | -18.80% | -11.31% | -7.49% |
Max Drawdown (5Y)Largest decline over 5 years | -18.80% | -23.50% | +4.70% |
Max Drawdown (10Y)Largest decline over 10 years | -25.48% | -27.06% | +1.58% |
Current DrawdownCurrent decline from peak | -1.80% | -0.04% | -1.76% |
Average DrawdownAverage peak-to-trough decline | -9.77% | -7.25% | -2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 2.21% | -0.53% |
Volatility
HMWO.L vs. IDIN.L - Volatility Comparison
The current volatility for HSBC MSCI World UCITS ETF (HMWO.L) is 2.64%, while iShares Global Infrastructure UCITS ETF USD (Dist) (IDIN.L) has a volatility of 3.41%. This indicates that HMWO.L experiences smaller price fluctuations and is considered to be less risky than IDIN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HMWO.L | IDIN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 3.41% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 7.83% | 9.64% | -1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.60% | 11.69% | -1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.32% | 13.10% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.38% | 14.46% | -0.08% |
HMWO.L vs. IDIN.L - Expense Ratio Comparison
HMWO.L has a 0.15% expense ratio, which is lower than IDIN.L's 0.65% expense ratio.
Dividends
HMWO.L vs. IDIN.L - Dividend Comparison
HMWO.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMWO.L HSBC MSCI World UCITS ETF | 1.18% | 1.26% | 1.41% | 1.60% | 1.75% | 1.27% | 1.55% | 1.97% | 2.11% | 1.91% | 1.84% | 1.86% |
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
HMWO.L and IDIN.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HMWO.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HMWO.L is cheaper with a 0.15% expense ratio, compared with 0.65% for IDIN.L.
HMWO.L is categorized as Global Equities, while IDIN.L is Mid Cap Value Equities. HMWO.L tracks MSCI World Index, 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 HMWO.L and 0.65% for IDIN.L.
Find the right allocation for HMWO.L and IDIN.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer