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HPRD.L vs. HMWD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HPRD.L vs. HMWD.L

Last updated Jun 5, 2026

HPRD.L (HSBC FTSE EPRA NAREIT Developed UCITS ETF) and HMWD.L (HSBC MSCI World UCITS ETF) are both exchange-traded funds - HPRD.L is a REIT fund tracking the FTSE EPRA Nareit Global TR USD, while HMWD.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, HPRD.L returned 3.52%/yr vs 13.25%/yr for HMWD.L. A 0.62 correlation means they provide meaningful diversification when combined. HPRD.L charges 0.24%/yr vs 0.15%/yr for HMWD.L.

Performance

HPRD.L vs. HMWD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HSBC FTSE EPRA NAREIT Developed UCITS ETF (HPRD.L) and HSBC MSCI World UCITS ETF (HMWD.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HPRD.L achieves a 6.60% return, which is significantly lower than HMWD.L's 9.88% return. Over the past 10 years, HPRD.L has underperformed HMWD.L with an annualized return of 3.52%, while HMWD.L has yielded a comparatively higher 13.25% annualized return.

HPRD.L

1D
0.13%
1M
-1.76%
YTD
6.60%
6M
7.06%
1Y
11.93%
3Y*
9.23%
5Y*
1.18%
10Y*
3.52%

HMWD.L

1D
0.09%
1M
4.12%
YTD
9.88%
6M
11.06%
1Y
26.15%
3Y*
20.87%
5Y*
11.93%
10Y*
13.25%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HPRD.L vs. HMWD.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HPRD.L
HSBC FTSE EPRA NAREIT Developed UCITS ETF		6.60%10.90%-0.19%10.88%-24.76%26.43%-8.89%20.96%-5.41%11.57%
HMWD.L
HSBC MSCI World UCITS ETF		9.88%21.06%19.13%24.63%-18.24%22.41%16.43%27.43%-8.89%23.12%

Correlation

The correlation between HPRD.L and HMWD.L is 0.56, 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

0.56

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

0.60

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

0.70

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

0.66

Correlation (All Time)
Calculated using the full available price history since Jun 24, 2011

0.62

The correlation between HPRD.L and HMWD.L shifts across timeframes, from 0.56 (1 year) to 0.70 (5 years), reflecting how their relationship changes across market environments.

HPRD.L vs. HMWD.L - Sectors Allocation Comparison

Sectors
HPRD.L
HMWD.L

Real Estate

98.3%
1.9%

Technology

0.3%
28.3%

Consumer Cyclical

0.1%
9.2%

Financial Services

0.0%
15.7%

Basic Materials

-

3.3%

Communication Services

-

9.2%

Consumer Defensive

-

5.3%

Energy

-

4.2%

Healthcare

-

8.8%

Industrials

-

11.5%

Utilities

-

2.7%

Real Estate

HPRD.L
98.3%
HMWD.L
1.9%

Technology

HPRD.L
0.3%
HMWD.L
28.3%

Consumer Cyclical

HPRD.L
0.1%
HMWD.L
9.2%

Financial Services

HPRD.L
0.0%
HMWD.L
15.7%

Basic Materials

HPRD.L

-

HMWD.L
3.3%

Communication Services

HPRD.L

-

HMWD.L
9.2%

Consumer Defensive

HPRD.L

-

HMWD.L
5.3%

Energy

HPRD.L

-

HMWD.L
4.2%

Healthcare

HPRD.L

-

HMWD.L
8.8%

Industrials

HPRD.L

-

HMWD.L
11.5%

Utilities

HPRD.L

-

HMWD.L
2.7%

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HSBC FTSE EPRA NAREIT Developed UCITS ETF

HSBC MSCI World UCITS ETF

Often compared with HPRD.L:
HPRD.L vs. IWDP.ASHPRD.L vs. UKRE.LHPRD.L vs. IDVY.ASHPRD.L vs. VTHPRD.L vs. VNQHPRD.L vs. VUSA.LHPRD.L vs. VWCE.DE
Often compared with HMWD.L:
HMWD.L vs. VWRL.ASHMWD.L vs. IWDA.LHMWD.L vs. VDIV.DEHMWD.L vs. TRET.ASHMWD.L vs. VWCE.DEHMWD.L vs. VWRL.LHMWD.L vs. EIMI.L

Return for Risk

HPRD.L vs. HMWD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HPRD.L
HPRD.L Risk / Return Rank: 2828
Overall Rank
HPRD.L Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
HPRD.L Sortino Ratio Rank: 2828
Sortino Ratio Rank
HPRD.L Omega Ratio Rank: 2626
Omega Ratio Rank
HPRD.L Calmar Ratio Rank: 2525
Calmar Ratio Rank
HPRD.L Martin Ratio Rank: 3030
Martin Ratio Rank
HMWD.L
HMWD.L Risk / Return Rank: 6969
Overall Rank
HMWD.L Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
HMWD.L Sortino Ratio Rank: 7474
Sortino Ratio Rank
HMWD.L Omega Ratio Rank: 6868
Omega Ratio Rank
HMWD.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
HMWD.L Martin Ratio Rank: 7272
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.

HPRD.L vs. HMWD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC FTSE EPRA NAREIT Developed UCITS ETF (HPRD.L) and HSBC MSCI World UCITS ETF (HMWD.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.

HPRD.LHMWD.LDifference
Sharpe ratioReturn per unit of total volatility
0.99
2.19

-1.20

Sortino ratioReturn per unit of downside risk
1.50
3.29

-1.79

Omega ratioGain probability vs. loss probability

1.18

1.40

-0.22

Calmar ratioReturn relative to maximum drawdown

1.17

3.14

-1.97

Martin ratioReturn relative to average drawdown

4.33

13.35

-9.03

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

HPRD.L vs. HMWD.L - Sharpe Ratio Comparison

The current HPRD.L Sharpe Ratio is 0.99, which is lower than the HMWD.L Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of HPRD.L and HMWD.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.

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Sharpe Ratios by Period

HPRD.LHMWD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.99

2.19

-1.20

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.07

0.77

-0.69

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.21

0.83

-0.63

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.74

-0.43

Drawdowns

HPRD.L vs. HMWD.L - Drawdown Comparison

The maximum HPRD.L drawdown since its inception was -41.81%, which is greater than HMWD.L's maximum drawdown of -34.03%. Use the drawdown chart below to compare losses from any high point for HPRD.L and HMWD.L.

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Drawdown Indicators

HPRD.LHMWD.LDifference

Max Drawdown

Largest peak-to-trough decline

-41.81%

-34.03%

-7.78%

Max Drawdown (1Y)

Largest decline over 1 year

-10.12%

-8.29%

-1.83%

Max Drawdown (3Y)

Largest decline over 3 years

-18.25%

-17.57%

-0.68%

Max Drawdown (5Y)

Largest decline over 5 years

-33.48%

-26.00%

-7.48%

Max Drawdown (10Y)

Largest decline over 10 years

-41.81%

-34.03%

-7.78%

Current Drawdown

Current decline from peak

-3.76%

-0.40%

-3.36%

Average Drawdown

Average peak-to-trough decline

-9.43%

-4.57%

-4.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.75%

1.95%

+0.80%

Volatility

HPRD.L vs. HMWD.L - Volatility Comparison

HSBC FTSE EPRA NAREIT Developed UCITS ETF (HPRD.L) has a higher volatility of 3.69% compared to HSBC MSCI World UCITS ETF (HMWD.L) at 3.41%. This indicates that HPRD.L's price experiences larger fluctuations and is considered to be riskier than HMWD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HPRD.LHMWD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.69%

3.41%

+0.28%

Volatility (6M)

Calculated over the trailing 6-month period

9.30%

9.13%

+0.17%

Volatility (1Y)

Calculated over the trailing 1-year period

11.99%

11.87%

+0.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.32%

15.57%

+0.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.93%

15.85%

+1.08%

HPRD.L vs. HMWD.L - Expense Ratio Comparison

HPRD.L has a 0.24% expense ratio, which is higher than HMWD.L's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

HPRD.L vs. HMWD.L - Dividend Comparison

HPRD.L's dividend yield for the trailing twelve months is around 3.06%, more than HMWD.L's 1.17% yield.

PositionTTM20252024202320222021202020192018201720162015
HMWD.L
HSBC MSCI World UCITS ETF		1.17%1.24%1.43%1.57%1.79%1.31%1.44%1.91%2.23%1.81%2.00%1.93%
HPRD.L
HSBC FTSE EPRA NAREIT Developed UCITS ETF		3.06%3.17%3.39%3.35%3.53%2.30%2.88%2.96%3.43%2.89%3.13%2.72%

Frequently Asked Questions

HPRD.L and HMWD.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HMWD.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HMWD.L is cheaper with a 0.15% expense ratio, compared with 0.24% for HPRD.L.

HPRD.L is categorized as REIT, while HMWD.L is Global Equities. HPRD.L tracks FTSE EPRA Nareit Global TR USD, while HMWD.L tracks MSCI ACWI NR USD. Their fees differ too: 0.24% for HPRD.L and 0.15% for HMWD.L.

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