HMWO.L vs. QUID.L
HMWO.L (HSBC MSCI World UCITS ETF) and QUID.L (PIMCO Sterling Short Maturity UCITS ETF) are both Global Equities funds - HMWO.L tracks the MSCI World Index while QUID.L tracks the PIMCO Sterling Short Maturity UCITS ETF. Both are passively managed. Over the past 10 years, HMWO.L returned 12.94%/yr vs 2.00%/yr for QUID.L. At a 0.00 correlation, their price movements are largely independent.
Performance
HMWO.L vs. QUID.L - Performance Comparison
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Different Trading Currencies
HMWO.L is traded in GBp, while QUID.L is traded in GBP. To make them comparable, the QUID.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 10.00% return, which is significantly higher than QUID.L's 2.18% return. Over the past 10 years, HMWO.L has outperformed QUID.L with an annualized return of 12.94%, while QUID.L has yielded a comparatively lower 2.00% annualized return.
HMWO.L
- 1D
- -0.54%
- 1M
- -0.20%
- 6M
- 8.77%
- YTD
- 10.00%
- 1Y
- 21.22%
- 3Y*
- 17.85%
- 5Y*
- 12.20%
- 10Y*
- 12.94%
QUID.L
- 1D
- 0.10%
- 1M
- 0.36%
- 6M
- 1.97%
- YTD
- 2.18%
- 1Y
- 4.36%
- 3Y*
- 5.10%
- 5Y*
- 3.28%
- 10Y*
- 2.00%
HMWO.L vs. QUID.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HMWO.L HSBC MSCI World UCITS ETF | 10.00% | 12.63% | 21.17% | 17.80% | -8.47% | 23.98% | 12.48% | 23.41% | -3.60% | 12.05% |
QUID.L PIMCO Sterling Short Maturity UCITS ETF | 2.18% | 4.89% | 5.67% | 4.95% | -0.96% | -0.07% | 0.71% | 1.57% | 0.26% | 0.52% |
Correlation
The correlation between HMWO.L and QUID.L is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2011 | 0.00 |
The correlation between HMWO.L and QUID.L shifts across timeframes, from 0.00 (all time) to 0.10 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
HMWO.L vs. QUID.L — Risk / Return Rank
HMWO.L
QUID.L
HMWO.L vs. QUID.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI World UCITS ETF (HMWO.L) and PIMCO Sterling Short Maturity UCITS ETF (QUID.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 | QUID.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.01 | ||
| Sortino ratioReturn per unit of downside risk | -8.05 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 2.80 | -1.43 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 9.83 | -6.58 |
| Martin ratioReturn relative to average drawdown | 12.65 | 78.74 | -66.09 |
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Drawdowns
HMWO.L vs. QUID.L - Drawdown Comparison
The maximum HMWO.L drawdown since its inception was -44.90%, which is greater than QUID.L's maximum drawdown of -2.47%. Use the drawdown chart below to compare losses from any high point for HMWO.L and QUID.L.
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Drawdown Indicators
| HMWO.L | QUID.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.90% | -2.47% | -42.43% |
Max Drawdown (1Y)Largest decline over 1 year | -6.51% | -0.45% | -6.06% |
Max Drawdown (3Y)Largest decline over 3 years | -18.80% | -0.45% | -18.35% |
Max Drawdown (5Y)Largest decline over 5 years | -18.80% | -2.47% | -16.33% |
Max Drawdown (10Y)Largest decline over 10 years | -25.48% | -2.47% | -23.01% |
Current DrawdownCurrent decline from peak | -0.99% | 0.00% | -0.99% |
Average DrawdownAverage peak-to-trough decline | -9.77% | -0.21% | -9.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 0.06% | +1.61% |
Volatility
HMWO.L vs. QUID.L - Volatility Comparison
HSBC MSCI World UCITS ETF (HMWO.L) has a higher volatility of 2.57% compared to PIMCO Sterling Short Maturity UCITS ETF (QUID.L) at 0.19%. This indicates that HMWO.L's price experiences larger fluctuations and is considered to be riskier than QUID.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HMWO.L | QUID.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | 0.19% | +2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 7.85% | 0.64% | +7.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.63% | 0.74% | +9.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.31% | 0.74% | +12.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.38% | 0.62% | +13.76% |
Dividends
HMWO.L vs. QUID.L - Dividend Comparison
HMWO.L's dividend yield for the trailing twelve months is around 1.17%, less than QUID.L's 4.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMWO.L HSBC MSCI World UCITS ETF | 1.17% | 1.26% | 1.41% | 1.60% | 1.75% | 1.27% | 1.55% | 1.97% | 2.11% | 1.91% | 1.84% | 1.86% |
QUID.L PIMCO Sterling Short Maturity UCITS ETF | 4.17% | 4.19% | 4.67% | 3.69% | 0.66% | 0.08% | 0.31% | 0.73% | 0.52% | 0.33% | 0.59% | 0.55% |
Frequently Asked Questions
HMWO.L and QUID.L have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HMWO.L tracks MSCI World Index, while QUID.L tracks PIMCO Sterling Short Maturity UCITS ETF. They also come from different issuers: HSBC and PIMCO.
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