PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
HMXD.L vs. HUKX.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HMXD.L vs. HUKX.L

Last updated Jun 5, 2026

HMXD.L (HSBC MSCI Pacific ex Japan UCITS ETF) and HUKX.L (HSBC FTSE 100 UCITS ETF GBP) are both exchange-traded funds - HMXD.L is a Asia Pacific Equities fund tracking the MSCI Pacific Ex Japan NR USD, while HUKX.L is a Europe Equities fund tracking the FTSE AllSh TR GBP. Both are passively managed. Over the past 10 years, HMXD.L returned 7.96%/yr vs 8.28%/yr for HUKX.L. At a 0.48 correlation, their price movements are largely independent. HMXD.L charges 0.40%/yr vs 0.07%/yr for HUKX.L.

Performance

HMXD.L vs. HUKX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HSBC MSCI Pacific ex Japan UCITS ETF (HMXD.L) and HSBC FTSE 100 UCITS ETF GBP (HUKX.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

HMXD.L is traded in USD, while HUKX.L is traded in GBp. To make them comparable, the HUKX.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HMXD.L achieves a 8.48% return, which is significantly higher than HUKX.L's 5.45% return. Both investments have delivered pretty close results over the past 10 years, with HMXD.L having a 7.96% annualized return and HUKX.L not far ahead at 8.28%.

HMXD.L

1D
-0.92%
1M
-0.51%
YTD
8.48%
6M
10.08%
1Y
16.27%
3Y*
13.45%
5Y*
4.91%
10Y*
7.96%

HUKX.L

1D
0.34%
1M
0.53%
YTD
5.45%
6M
8.98%
1Y
19.82%
3Y*
17.75%
5Y*
10.70%
10Y*
8.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HMXD.L vs. HUKX.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HMXD.L
HSBC MSCI Pacific ex Japan UCITS ETF		8.48%20.24%5.29%6.26%-4.99%2.80%6.72%20.07%-11.50%21.80%
HUKX.L
HSBC FTSE 100 UCITS ETF GBP		5.45%35.72%7.75%13.02%-6.16%16.48%-8.93%22.13%-13.84%23.09%

Correlation

The correlation between HMXD.L and HUKX.L is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.69

Correlation (3Y)
Calculated over the trailing 3-year period

0.67

Correlation (5Y)
Calculated over the trailing 5-year period

0.62

Correlation (10Y)
Calculated over the trailing 10-year period

0.51

Correlation (All Time)
Calculated using the full available price history since Sep 10, 2010

0.48

Over the past year, HMXD.L and HUKX.L have become more correlated (0.69) than their long-term average of 0.48, meaning their price movements have been converging.

HMXD.L vs. HUKX.L - Sectors Allocation Comparison

Sectors
HMXD.L
HUKX.L

Financial Services

44.3%
26.2%

Basic Materials

15.6%
8.5%

Industrials

8.8%
13.0%

Real Estate

7.8%
1.0%

Consumer Cyclical

6.0%
4.5%

Healthcare

3.6%
12.9%

Energy

3.3%
10.7%

Utilities

3.1%
4.8%

Consumer Defensive

2.9%
13.7%

Communication Services

2.7%
2.3%

Technology

1.0%
0.3%

Financial Services

HMXD.L
44.3%
HUKX.L
26.2%

Basic Materials

HMXD.L
15.6%
HUKX.L
8.5%

Industrials

HMXD.L
8.8%
HUKX.L
13.0%

Real Estate

HMXD.L
7.8%
HUKX.L
1.0%

Consumer Cyclical

HMXD.L
6.0%
HUKX.L
4.5%

Healthcare

HMXD.L
3.6%
HUKX.L
12.9%

Energy

HMXD.L
3.3%
HUKX.L
10.7%

Utilities

HMXD.L
3.1%
HUKX.L
4.8%

Consumer Defensive

HMXD.L
2.9%
HUKX.L
13.7%

Communication Services

HMXD.L
2.7%
HUKX.L
2.3%

Technology

HMXD.L
1.0%
HUKX.L
0.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

HSBC MSCI Pacific ex Japan UCITS ETF

HSBC FTSE 100 UCITS ETF GBP

Often compared with HMXD.L:
HMXD.L vs. VOOHMXD.L vs. XKS2.LHMXD.L vs. CP9G.LHMXD.L vs. KRWL.LHMXD.L vs. ASDV.LHMXD.L vs. FLRK.LHMXD.L vs. HMEF.L
Often compared with HUKX.L:
HUKX.L vs. ISF.LHUKX.L vs. VUKG.LHUKX.L vs. VFWAXHUKX.L vs. EUDVHUKX.L vs. LDUK.LHUKX.L vs. HSPD.LHUKX.L vs. LDEG.L

Return for Risk

HMXD.L vs. HUKX.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HMXD.L
HMXD.L Risk / Return Rank: 3737
Overall Rank
HMXD.L Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
HMXD.L Sortino Ratio Rank: 3838
Sortino Ratio Rank
HMXD.L Omega Ratio Rank: 3434
Omega Ratio Rank
HMXD.L Calmar Ratio Rank: 4141
Calmar Ratio Rank
HMXD.L Martin Ratio Rank: 3939
Martin Ratio Rank
HUKX.L
HUKX.L Risk / Return Rank: 5555
Overall Rank
HUKX.L Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
HUKX.L Sortino Ratio Rank: 5858
Sortino Ratio Rank
HUKX.L Omega Ratio Rank: 6060
Omega Ratio Rank
HUKX.L Calmar Ratio Rank: 4949
Calmar Ratio Rank
HUKX.L Martin Ratio Rank: 5050
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HMXD.L vs. HUKX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Pacific ex Japan UCITS ETF (HMXD.L) and HSBC FTSE 100 UCITS ETF GBP (HUKX.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.

HMXD.LHUKX.LDifference
Sharpe ratioReturn per unit of total volatility
1.21
1.48

-0.28

Sortino ratioReturn per unit of downside risk
1.92
2.10

-0.18

Omega ratioGain probability vs. loss probability

1.22

1.27

-0.05

Calmar ratioReturn relative to maximum drawdown

1.96

2.03

-0.06

Martin ratioReturn relative to average drawdown

6.00

7.04

-1.04

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HMXD.L vs. HUKX.L - Sharpe Ratio Comparison

The current HMXD.L Sharpe Ratio is 1.21, which is comparable to the HUKX.L Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of HMXD.L and HUKX.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

HMXD.LHUKX.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.21

1.48

-0.28

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.32

0.65

-0.34

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.58

0.45

+0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.43

0.38

+0.06

Drawdowns

HMXD.L vs. HUKX.L - Drawdown Comparison

The maximum HMXD.L drawdown since its inception was -38.10%, smaller than the maximum HUKX.L drawdown of -42.05%. Use the drawdown chart below to compare losses from any high point for HMXD.L and HUKX.L.

Loading charts...

Drawdown Indicators

HMXD.LHUKX.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.10%

-42.05%

+3.95%

Max Drawdown (1Y)

Largest decline over 1 year

-8.59%

-9.74%

+1.15%

Max Drawdown (3Y)

Largest decline over 3 years

-18.93%

-13.28%

-5.65%

Max Drawdown (5Y)

Largest decline over 5 years

-24.73%

-26.01%

+1.28%

Max Drawdown (10Y)

Largest decline over 10 years

-38.10%

-42.05%

+3.95%

Current Drawdown

Current decline from peak

-3.35%

-4.28%

+0.93%

Average Drawdown

Average peak-to-trough decline

-7.91%

-7.75%

-0.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.76%

2.81%

-0.05%

Volatility

HMXD.L vs. HUKX.L - Volatility Comparison

The current volatility for HSBC MSCI Pacific ex Japan UCITS ETF (HMXD.L) is 4.66%, while HSBC FTSE 100 UCITS ETF GBP (HUKX.L) has a volatility of 4.96%. This indicates that HMXD.L experiences smaller price fluctuations and is considered to be less risky than HUKX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

HMXD.LHUKX.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.66%

4.96%

-0.30%

Volatility (6M)

Calculated over the trailing 6-month period

10.99%

11.26%

-0.27%

Volatility (1Y)

Calculated over the trailing 1-year period

13.98%

13.31%

+0.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.97%

16.40%

+3.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.23%

18.19%

+4.04%

HMXD.L vs. HUKX.L - Expense Ratio Comparison

HMXD.L has a 0.40% expense ratio, which is higher than HUKX.L's 0.07% expense ratio.

Dividends

HMXD.L vs. HUKX.L - Dividend Comparison

HMXD.L's dividend yield for the trailing twelve months is around 3.05%, more than HUKX.L's 2.85% yield.

PositionTTM20252024202320222021202020192018201720162015
HMXD.L
HSBC MSCI Pacific ex Japan UCITS ETF		3.05%3.30%3.86%4.09%4.06%2.81%2.85%3.74%4.15%3.09%3.62%4.31%
HUKX.L
HSBC FTSE 100 UCITS ETF GBP		2.85%2.95%3.74%3.50%3.63%3.19%4.04%4.31%4.35%3.79%3.49%3.79%

Frequently Asked Questions

HMXD.L and HUKX.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HUKX.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HUKX.L is cheaper with a 0.07% expense ratio, compared with 0.40% for HMXD.L.

HMXD.L is categorized as Asia Pacific Equities, while HUKX.L is Europe Equities. HMXD.L tracks MSCI Pacific Ex Japan NR USD, while HUKX.L tracks FTSE AllSh TR GBP. Their fees differ too: 0.40% for HMXD.L and 0.07% for HUKX.L.

Portfolio Optimizer

Find the right allocation for HMXD.L and HUKX.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