HPAW.DE vs. ISPA.DE
HPAW.DE (HSBC MSCI World Climate Paris Aligned UCITS ETF) and ISPA.DE (iShares STOXX Global Select Dividend 100 UCITS ETF (DE)) are both Global Equities funds - HPAW.DE tracks the MSCI World Climate Paris Aligned while ISPA.DE tracks the STOXX® Global Select Dividend 100 index. Both are passively managed. Over the past 3 years, HPAW.DE returned 15.22%/yr vs 18.65%/yr for ISPA.DE. A 0.68 correlation means they provide meaningful diversification when combined. HPAW.DE charges 0.18%/yr vs 0.46%/yr for ISPA.DE.
Performance
HPAW.DE vs. ISPA.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HPAW.DE achieves a 7.65% return, which is significantly lower than ISPA.DE's 13.48% return.
HPAW.DE
- 1D
- 0.23%
- 1M
- 3.57%
- YTD
- 7.65%
- 6M
- 7.42%
- 1Y
- 18.83%
- 3Y*
- 15.22%
- 5Y*
- —
- 10Y*
- —
ISPA.DE
- 1D
- 0.49%
- 1M
- 1.28%
- YTD
- 13.48%
- 6M
- 15.35%
- 1Y
- 29.45%
- 3Y*
- 18.65%
- 5Y*
- 11.00%
- 10Y*
- 8.98%
HPAW.DE vs. ISPA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HPAW.DE HSBC MSCI World Climate Paris Aligned UCITS ETF | 7.65% | 5.30% | 25.33% | 21.56% | -17.48% | 9.48% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 13.48% | 19.72% | 12.97% | 4.80% | 0.43% | 3.17% |
Correlation
The correlation between HPAW.DE and ISPA.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2021 | 0.68 |
The correlation between HPAW.DE and ISPA.DE has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.
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
HPAW.DE vs. ISPA.DE — Risk / Return Rank
HPAW.DE
ISPA.DE
HPAW.DE vs. ISPA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI World Climate Paris Aligned UCITS ETF (HPAW.DE) and iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.DE). 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.
| HPAW.DE | ISPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.62 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 8.10 | -5.99 |
| Martin ratioReturn relative to average drawdown | 7.76 | 28.73 | -20.97 |
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 charts...
Sharpe Ratios by Period
| HPAW.DE | ISPA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 3.35 | -1.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.91 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.68 | -0.03 |
Drawdowns
HPAW.DE vs. ISPA.DE - Drawdown Comparison
The maximum HPAW.DE drawdown since its inception was -21.61%, smaller than the maximum ISPA.DE drawdown of -38.91%. Use the drawdown chart below to compare losses from any high point for HPAW.DE and ISPA.DE.
Loading charts...
Drawdown Indicators
| HPAW.DE | ISPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.61% | -38.91% | +17.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.00% | -3.63% | -5.37% |
Max Drawdown (3Y)Largest decline over 3 years | -21.61% | -15.10% | -6.51% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.10% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.91% | — |
Current DrawdownCurrent decline from peak | -0.37% | -1.09% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -4.46% | -1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 1.03% | +1.42% |
Volatility
HPAW.DE vs. ISPA.DE - Volatility Comparison
HSBC MSCI World Climate Paris Aligned UCITS ETF (HPAW.DE) has a higher volatility of 3.00% compared to iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.DE) at 2.62%. This indicates that HPAW.DE's price experiences larger fluctuations and is considered to be riskier than ISPA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HPAW.DE | ISPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | 2.62% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 8.29% | 6.51% | +1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.75% | 8.77% | +2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.72% | 12.00% | +2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.72% | 14.79% | -0.07% |
HPAW.DE vs. ISPA.DE - Expense Ratio Comparison
HPAW.DE has a 0.18% expense ratio, which is lower than ISPA.DE's 0.46% expense ratio.
Dividends
HPAW.DE vs. ISPA.DE - Dividend Comparison
HPAW.DE has not paid dividends to shareholders, while ISPA.DE's dividend yield for the trailing twelve months is around 3.75%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HPAW.DE HSBC MSCI World Climate Paris Aligned UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 3.75% | 4.52% | 4.89% | 5.91% | 6.92% | 3.32% | 4.04% | 4.02% | 3.37% | 5.66% | 3.64% | 4.35% |
Frequently Asked Questions
HPAW.DE and ISPA.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HPAW.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HPAW.DE is cheaper with a 0.18% expense ratio, compared with 0.46% for ISPA.DE.
HPAW.DE tracks MSCI World Climate Paris Aligned, while ISPA.DE tracks STOXX® Global Select Dividend 100 index. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.18% for HPAW.DE and 0.46% for ISPA.DE.
Find the right allocation for HPAW.DE and ISPA.DE
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