HPAW.L vs. MWOZ.L
HPAW.L (HSBC ETFs PLC - HSBC MSCI World Climate Paris Aligned UCITS ETF) and MWOZ.L (Amundi Prime Global UCITS ETF Dist) are both Global Equities funds - HPAW.L tracks the HSBC ETFs PLC - HSBC MSCI World Climate Paris Aligned UCITS ETF while MWOZ.L tracks the Solactive GBS Developed Markets Large & Mid Cap Index. Both are passively managed. Over the past year, HPAW.L returned 16.79% vs 22.34% for MWOZ.L. Their correlation of 0.91 suggests significant overlap in exposure.
Performance
HPAW.L vs. MWOZ.L - Performance Comparison
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Different Trading Currencies
HPAW.L is traded in USD, while MWOZ.L is traded in GBP. To make them comparable, the MWOZ.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HPAW.L achieves a 6.16% return, which is significantly lower than MWOZ.L's 10.18% return.
HPAW.L
- 1D
- 0.24%
- 1M
- 0.03%
- 6M
- 6.34%
- YTD
- 6.16%
- 1Y
- 16.79%
- 3Y*
- 16.39%
- 5Y*
- 9.58%
- 10Y*
- —
MWOZ.L
- 1D
- 0.00%
- 1M
- 0.21%
- 6M
- 9.01%
- YTD
- 10.18%
- 1Y
- 22.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HPAW.L vs. MWOZ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HPAW.L HSBC ETFs PLC - HSBC MSCI World Climate Paris Aligned UCITS ETF | 6.16% | 16.68% |
MWOZ.L Amundi Prime Global UCITS ETF Dist | 10.18% | 17.37% |
Correlation
The correlation between HPAW.L and MWOZ.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025 | 0.91 |
The correlation between HPAW.L and MWOZ.L has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
HPAW.L vs. MWOZ.L — Risk / Return Rank
HPAW.L
MWOZ.L
HPAW.L vs. MWOZ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC ETFs PLC - HSBC MSCI World Climate Paris Aligned UCITS ETF (HPAW.L) and Amundi Prime Global UCITS ETF Dist (MWOZ.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.
| HPAW.L | MWOZ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.33 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 2.55 | -0.89 |
| Martin ratioReturn relative to average drawdown | 6.44 | 10.83 | -4.38 |
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Drawdowns
HPAW.L vs. MWOZ.L - Drawdown Comparison
The maximum HPAW.L drawdown since its inception was -29.31%, which is greater than MWOZ.L's maximum drawdown of -17.73%. Use the drawdown chart below to compare losses from any high point for HPAW.L and MWOZ.L.
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Drawdown Indicators
| HPAW.L | MWOZ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.31% | -17.73% | -11.58% |
Max Drawdown (1Y)Largest decline over 1 year | -10.10% | -8.81% | -1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -17.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.31% | — | — |
Current DrawdownCurrent decline from peak | -1.00% | -0.23% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -2.00% | -5.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 2.07% | +0.53% |
Volatility
HPAW.L vs. MWOZ.L - Volatility Comparison
HSBC ETFs PLC - HSBC MSCI World Climate Paris Aligned UCITS ETF (HPAW.L) and Amundi Prime Global UCITS ETF Dist (MWOZ.L) have volatilities of 3.10% and 3.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPAW.L | MWOZ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 3.05% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 10.43% | 9.24% | +1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.01% | 11.99% | +1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 15.10% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 15.10% | +1.18% |
Dividends
HPAW.L vs. MWOZ.L - Dividend Comparison
HPAW.L has not paid dividends to shareholders, while MWOZ.L's dividend yield for the trailing twelve months is around 1.19%.
| Position | TTM | 2025 |
|---|---|---|
HPAW.L HSBC ETFs PLC - HSBC MSCI World Climate Paris Aligned UCITS ETF | 0.00% | 0.00% |
MWOZ.L Amundi Prime Global UCITS ETF Dist | 1.19% | 1.60% |
Frequently Asked Questions
With a correlation of 0.90, HPAW.L and MWOZ.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
HPAW.L tracks HSBC ETFs PLC - HSBC MSCI World Climate Paris Aligned UCITS ETF, while MWOZ.L tracks Solactive GBS Developed Markets Large & Mid Cap Index. They also come from different issuers: HSBC and Amundi.
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