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

HSEP.L vs. HMWD.L

Last updated Jun 5, 2026

HSEP.L (HSBC Europe Sustainable Equity UCITS ETF EUR) and HMWD.L (HSBC MSCI World UCITS ETF) are both exchange-traded funds - HSEP.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while HMWD.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, HSEP.L returned 9.61%/yr vs 13.14%/yr for HMWD.L. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.

Performance

HSEP.L vs. HMWD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC Europe Sustainable Equity UCITS ETF EUR (HSEP.L) and HSBC MSCI World UCITS ETF (HMWD.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

HSEP.L is traded in GBP, while HMWD.L is traded in USD. To make them comparable, the HMWD.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with HSEP.L having a 10.84% return and HMWD.L slightly lower at 10.33%.

HSEP.L

1D
-0.04%
1M
5.24%
YTD
10.84%
6M
13.51%
1Y
22.82%
3Y*
15.06%
5Y*
9.61%
10Y*
—

HMWD.L

1D
0.09%
1M
5.07%
YTD
10.33%
6M
10.30%
1Y
27.37%
3Y*
17.84%
5Y*
13.14%
10Y*
14.09%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020
HSEP.L
HSBC Europe Sustainable Equity UCITS ETF EUR		10.84%25.17%4.63%13.07%-6.18%11.05%10.18%
HMWD.L
HSBC MSCI World UCITS ETF		10.33%12.43%21.21%18.40%-8.52%23.57%10.42%

Correlation

The correlation between HSEP.L and HMWD.L is 0.67, 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

0.67

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

0.63

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

0.68

Correlation (All Time)
Calculated using the full available price history since Jun 8, 2020

0.70

The correlation between HSEP.L and HMWD.L has been stable across timeframes, ranging from 0.63 to 0.70 - a consistent structural relationship.

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

Sectors
HSEP.L
HMWD.L

Financial Services

28.5%
15.7%

Consumer Defensive

16.3%
5.3%

Industrials

14.5%
11.5%

Technology

11.7%
28.3%

Healthcare

9.1%
8.8%

Utilities

6.4%
2.7%

Consumer Cyclical

5.4%
9.2%

Communication Services

3.7%
9.2%

Basic Materials

2.9%
3.3%

Energy

1.3%
4.2%

Real Estate

0.2%
1.9%

Financial Services

HSEP.L
28.5%
HMWD.L
15.7%

Consumer Defensive

HSEP.L
16.3%
HMWD.L
5.3%

Industrials

HSEP.L
14.5%
HMWD.L
11.5%

Technology

HSEP.L
11.7%
HMWD.L
28.3%

Healthcare

HSEP.L
9.1%
HMWD.L
8.8%

Utilities

HSEP.L
6.4%
HMWD.L
2.7%

Consumer Cyclical

HSEP.L
5.4%
HMWD.L
9.2%

Communication Services

HSEP.L
3.7%
HMWD.L
9.2%

Basic Materials

HSEP.L
2.9%
HMWD.L
3.3%

Energy

HSEP.L
1.3%
HMWD.L
4.2%

Real Estate

HSEP.L
0.2%
HMWD.L
1.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

HSBC Europe Sustainable Equity UCITS ETF EUR

HSBC MSCI World UCITS ETF

Often compared with HSEP.L:
HSEP.L vs. HSTC.LHSEP.L vs. HSPX.LHSEP.L vs. GLDHSEP.L vs. IMV.LHSEP.L vs. MVED.LHSEP.L vs. CS1.LHSEP.L vs. HSTE.L
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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HSEP.L
HSEP.L Risk / Return Rank: 4848
Overall Rank
HSEP.L Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
HSEP.L Sortino Ratio Rank: 5151
Sortino Ratio Rank
HSEP.L Omega Ratio Rank: 5353
Omega Ratio Rank
HSEP.L Calmar Ratio Rank: 4141
Calmar Ratio Rank
HSEP.L Martin Ratio Rank: 4545
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.

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

This table presents a comparison of risk-adjusted performance metrics for HSBC Europe Sustainable Equity UCITS ETF EUR (HSEP.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.

HSEP.LHMWD.LDifference
Sharpe ratioReturn per unit of total volatility
1.73
2.34

-0.62

Sortino ratioReturn per unit of downside risk
2.42
3.23

-0.81

Omega ratioGain probability vs. loss probability

1.32

1.44

-0.11

Calmar ratioReturn relative to maximum drawdown

1.96

4.21

-2.25

Martin ratioReturn relative to average drawdown

7.14

15.84

-8.70

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

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

The current HSEP.L Sharpe Ratio is 1.73, which is comparable to the HMWD.L Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of HSEP.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

HSEP.LHMWD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.73

2.34

-0.62

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.91

-0.23

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.91

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.77

0.83

-0.06

Drawdowns

HSEP.L vs. HMWD.L - Drawdown Comparison

The maximum HSEP.L drawdown since its inception was -17.96%, smaller than the maximum HMWD.L drawdown of -26.10%. Use the drawdown chart below to compare losses from any high point for HSEP.L and HMWD.L.

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Drawdown Indicators

HSEP.LHMWD.LDifference

Max Drawdown

Largest peak-to-trough decline

-17.96%

-26.10%

+8.14%

Max Drawdown (1Y)

Largest decline over 1 year

-11.57%

-6.47%

-5.10%

Max Drawdown (3Y)

Largest decline over 3 years

-11.79%

-18.90%

+7.11%

Max Drawdown (5Y)

Largest decline over 5 years

-17.96%

-18.90%

+0.94%

Max Drawdown (10Y)

Largest decline over 10 years

—

-26.10%

—

Current Drawdown

Current decline from peak

-0.94%

-0.05%

-0.89%

Average Drawdown

Average peak-to-trough decline

-3.47%

-3.49%

+0.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.19%

1.72%

+1.47%

Volatility

HSEP.L vs. HMWD.L - Volatility Comparison

HSBC Europe Sustainable Equity UCITS ETF EUR (HSEP.L) has a higher volatility of 4.61% compared to HSBC MSCI World UCITS ETF (HMWD.L) at 3.47%. This indicates that HSEP.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

HSEP.LHMWD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.61%

3.47%

+1.14%

Volatility (6M)

Calculated over the trailing 6-month period

11.07%

8.87%

+2.20%

Volatility (1Y)

Calculated over the trailing 1-year period

13.15%

11.62%

+1.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.17%

14.41%

-0.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.52%

15.49%

-0.97%

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

Both HSEP.L and HMWD.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

HSEP.L vs. HMWD.L - Dividend Comparison

HSEP.L has not paid dividends to shareholders, while HMWD.L's dividend yield for the trailing twelve months is around 1.17%.

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%
HSEP.L
HSBC Europe Sustainable Equity UCITS ETF EUR		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

HSEP.L and HMWD.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

HSEP.L and HMWD.L have the same expense ratio: 0.15% per year.

HSEP.L is categorized as Europe Equities, while HMWD.L is Global Equities. HSEP.L tracks MSCI Europe NR EUR, while HMWD.L tracks MSCI ACWI NR USD.

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