HMXD.L vs. XKS2.L

Last updated Apr 2, 2026

Compare and contrast key facts about HSBC MSCI Pacific ex Japan UCITS ETF (HMXD.L) and Xtrackers MSCI Korea UCITS ETF 1C (XKS2.L).

HMXD.L and XKS2.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HMXD.L is a passively managed fund by HSBC that tracks the performance of the MSCI Pacific Ex Japan NR USD. It was launched on Sep 3, 2010. XKS2.L is a passively managed fund by Xtrackers that tracks the performance of the MSCI Korea NR USD. It was launched on Jul 5, 2007. Both HMXD.L and XKS2.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

HMXD.L vs. XKS2.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 Xtrackers MSCI Korea UCITS ETF 1C (XKS2.L). The values are adjusted to include any dividend payments, if applicable.

HMXD.L vs. XKS2.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HMXD.L HSBC MSCI Pacific ex Japan UCITS ETF	6.02%	20.24%	5.29%	6.26%	-4.99%	2.80%	6.72%	20.07%	-11.50%	21.80%
XKS2.L Xtrackers MSCI Korea UCITS ETF 1C	31.10%	99.81%	-22.97%	19.42%	-28.16%	-8.05%	42.89%	11.66%	-21.26%	45.20%

Different Trading Currencies

HMXD.L is traded in USD, while XKS2.L is traded in GBp. To make them comparable, the XKS2.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 6.02% return, which is significantly lower than XKS2.L's 31.10% return. Over the past 10 years, HMXD.L has underperformed XKS2.L with an annualized return of 7.78%, while XKS2.L has yielded a comparatively higher 11.89% annualized return.

HMXD.L

• 1D: 2.72%
• 1M: -4.13%
• YTD: 6.02%
• 6M: 5.82%
• 1Y: 25.12%
• 3Y*: 12.98%
• 5Y*: 5.80%
• 10Y*: 7.78%

XKS2.L

• 1D: 9.59%
• 1M: -12.16%
• YTD: 31.10%
• 6M: 62.26%
• 1Y: 142.94%
• 3Y*: 30.95%
• 5Y*: 8.83%
• 10Y*: 11.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HMXD.L vs. XKS2.L - Expense Ratio Comparison

HMXD.L has a 0.40% expense ratio, which is lower than XKS2.L's 0.65% expense ratio.

XKS2.L

Xtrackers MSCI Korea UCITS ETF 1C

HMXD.L

HSBC MSCI Pacific ex Japan UCITS ETF

Return for Risk

HMXD.L vs. XKS2.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: 73
HMXD.L Sharpe Ratio Rank: 77
HMXD.L Sortino Ratio Rank: 74
HMXD.L Omega Ratio Rank: 78
HMXD.L Calmar Ratio Rank: 65
HMXD.L Martin Ratio Rank: 71

XKS2.L

XKS2.L Risk / Return Rank: 98
XKS2.L Sharpe Ratio Rank: 99
XKS2.L Sortino Ratio Rank: 98
XKS2.L Omega Ratio Rank: 98
XKS2.L Calmar Ratio Rank: 98
XKS2.L Martin Ratio Rank: 98

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. XKS2.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 Xtrackers MSCI Korea UCITS ETF 1C (XKS2.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.L	XKS2.L	Difference
Sharpe ratio Return per unit of total volatility	1.49	4.34	-2.85
Sortino ratio Return per unit of downside risk	1.98	4.61	-2.63
Omega ratio Gain probability vs. loss probability	1.31	1.65	-0.34
Calmar ratio Return relative to maximum drawdown	1.87	6.27	-4.40
Martin ratio Return relative to average drawdown	8.20	25.04	-16.84
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. XKS2.L - Sharpe Ratio Comparison

The current HMXD.L Sharpe Ratio is 1.49, which is lower than the XKS2.L Sharpe Ratio of 4.34. The chart below compares the historical Sharpe Ratios of HMXD.L and XKS2.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HMXD.L	XKS2.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	4.34	-2.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.35	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.48	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.18	+0.25

Correlation

The correlation between HMXD.L and XKS2.L is 0.42, 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.

Dividends

HMXD.L vs. XKS2.L - Dividend Comparison

HMXD.L's dividend yield for the trailing twelve months is around 3.12%, while XKS2.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HMXD.L HSBC MSCI Pacific ex Japan UCITS ETF	3.12%	3.30%	3.86%	4.09%	4.06%	2.81%	2.85%	3.74%	4.15%	3.09%	3.62%	4.31%
XKS2.L Xtrackers MSCI Korea UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

HMXD.L vs. XKS2.L - Drawdown Comparison

The maximum HMXD.L drawdown since its inception was -38.10%, smaller than the maximum XKS2.L drawdown of -71.36%. Use the drawdown chart below to compare losses from any high point for HMXD.L and XKS2.L.

Drawdown Indicators

	HMXD.L	XKS2.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.10%	-62.63%	+24.53%
Max Drawdown (1Y) Largest decline over 1 year	-13.20%	-21.33%	+8.13%
Max Drawdown (5Y) Largest decline over 5 years	-24.73%	-41.55%	+16.82%
Max Drawdown (10Y) Largest decline over 10 years	-38.10%	-44.01%	+5.91%
Current Drawdown Current decline from peak	-5.53%	-14.35%	+8.82%
Average Drawdown Average peak-to-trough decline	-8.01%	-15.88%	+7.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	5.65%	-2.60%

Volatility

HMXD.L vs. XKS2.L - Volatility Comparison

The current volatility for HSBC MSCI Pacific ex Japan UCITS ETF (HMXD.L) is 5.73%, while Xtrackers MSCI Korea UCITS ETF 1C (XKS2.L) has a volatility of 17.03%. This indicates that HMXD.L experiences smaller price fluctuations and is considered to be less risky than XKS2.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HMXD.L	XKS2.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.73%	17.03%	-11.30%
Volatility (6M) Calculated over the trailing 6-month period	10.01%	28.22%	-18.21%
Volatility (1Y) Calculated over the trailing 1-year period	17.67%	32.82%	-15.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.97%	25.52%	-5.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.39%	24.90%	-2.51%