HPAO.L vs. SUWG.L
Compare and contrast key facts about HSBC MSCI World Climate Paris Aligned UCITS ETF (HPAO.L) and iShares MSCI World SRI UCITS ETF USD (Dist) (SUWG.L).
HPAO.L and SUWG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HPAO.L is a passively managed fund by HSBC that tracks the performance of the MSCI ACWI NR USD. It was launched on Jul 7, 2021. SUWG.L is a passively managed fund by iShares that tracks the performance of the MSCI ACWI NR USD. It was launched on Oct 12, 2017. Both HPAO.L and SUWG.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
HPAO.L vs. SUWG.L - Performance Comparison
Loading graphics...
HPAO.L vs. SUWG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HPAO.L HSBC MSCI World Climate Paris Aligned UCITS ETF | -4.70% | 10.30% | 20.31% | 18.86% | -12.38% | 11.05% |
SUWG.L iShares MSCI World SRI UCITS ETF USD (Dist) | -1.17% | 7.24% | 12.94% | 18.32% | -11.70% | 14.68% |
Returns By Period
In the year-to-date period, HPAO.L achieves a -4.70% return, which is significantly lower than SUWG.L's -1.17% return.
HPAO.L
- 1D
- 0.26%
- 1M
- -1.80%
- YTD
- -4.70%
- 6M
- -2.33%
- 1Y
- 12.90%
- 3Y*
- 12.59%
- 5Y*
- —
- 10Y*
- —
SUWG.L
- 1D
- 2.16%
- 1M
- -2.30%
- YTD
- -1.17%
- 6M
- 0.33%
- 1Y
- 13.07%
- 3Y*
- 10.12%
- 5Y*
- 8.88%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HPAO.L vs. SUWG.L - Expense Ratio Comparison
HPAO.L has a 0.18% expense ratio, which is lower than SUWG.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
HPAO.L vs. SUWG.L — Risk / Return Rank
HPAO.L
SUWG.L
HPAO.L vs. SUWG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI World Climate Paris Aligned UCITS ETF (HPAO.L) and iShares MSCI World SRI UCITS ETF USD (Dist) (SUWG.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.
| HPAO.L | SUWG.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 0.91 | -0.03 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.33 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.21 | -0.44 |
Martin ratioReturn relative to average drawdown | 6.43 | 8.29 | -1.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| HPAO.L | SUWG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 0.91 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.70 | -0.11 |
Correlation
The correlation between HPAO.L and SUWG.L is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HPAO.L vs. SUWG.L - Dividend Comparison
HPAO.L has not paid dividends to shareholders, while SUWG.L's dividend yield for the trailing twelve months is around 1.25%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HPAO.L HSBC MSCI World Climate Paris Aligned UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SUWG.L iShares MSCI World SRI UCITS ETF USD (Dist) | 1.25% | 1.21% | 1.38% | 1.54% | 1.69% | 1.17% |
Drawdowns
HPAO.L vs. SUWG.L - Drawdown Comparison
The maximum HPAO.L drawdown since its inception was -19.46%, roughly equal to the maximum SUWG.L drawdown of -18.97%. Use the drawdown chart below to compare losses from any high point for HPAO.L and SUWG.L.
Loading graphics...
Drawdown Indicators
| HPAO.L | SUWG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.46% | -18.97% | -0.49% |
Max Drawdown (1Y)Largest decline over 1 year | -9.96% | -7.92% | -2.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.97% | — |
Current DrawdownCurrent decline from peak | -6.43% | -4.77% | -1.66% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -4.42% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 2.11% | +0.63% |
Volatility
HPAO.L vs. SUWG.L - Volatility Comparison
The current volatility for HSBC MSCI World Climate Paris Aligned UCITS ETF (HPAO.L) is 4.29%, while iShares MSCI World SRI UCITS ETF USD (Dist) (SUWG.L) has a volatility of 4.65%. This indicates that HPAO.L experiences smaller price fluctuations and is considered to be less risky than SUWG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| HPAO.L | SUWG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 4.65% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 8.60% | 8.91% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.65% | 14.36% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.98% | 13.65% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.98% | 13.67% | +0.31% |