HSUD.L vs. HMWO.L
HSUD.L (HSBC USA Screened Equity UCITS ETF) and HMWO.L (HSBC MSCI World UCITS ETF) are both Global Equities funds from HSBC - HSUD.L tracks the HSBC USA Screened Equity UCITS ETF while HMWO.L tracks the MSCI World Index. Both are passively managed. Over the past 5 years, HSUD.L returned 11.96%/yr vs 11.83%/yr for HMWO.L. Their correlation of 0.88 suggests significant overlap in exposure. HSUD.L charges 0.12%/yr vs 0.15%/yr for HMWO.L.
Performance
HSUD.L vs. HMWO.L - Performance Comparison
Loading charts...
Different Trading Currencies
HSUD.L is traded in USD, while HMWO.L is traded in GBp. To make them comparable, the HMWO.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HSUD.L achieves a 12.55% return, which is significantly higher than HMWO.L's 10.64% return.
HSUD.L
- 1D
- -0.08%
- 1M
- -1.37%
- 6M
- 12.89%
- YTD
- 12.55%
- 1Y
- 26.40%
- 3Y*
- 19.30%
- 5Y*
- 11.96%
- 10Y*
- —
HMWO.L
- 1D
- 0.60%
- 1M
- 0.70%
- 6M
- 9.53%
- YTD
- 10.64%
- 1Y
- 22.62%
- 3Y*
- 19.16%
- 5Y*
- 11.83%
- 10Y*
- 13.25%
HSUD.L vs. HMWO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HSUD.L HSBC USA Screened Equity UCITS ETF | 12.55% | 18.98% | 19.90% | 21.64% | -17.56% | 28.13% | 20.16% |
HMWO.L HSBC MSCI World UCITS ETF | 10.64% | 21.13% | 19.15% | 24.02% | -18.25% | 22.86% | 22.28% |
Correlation
The correlation between HSUD.L and HMWO.L is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.88 |
The correlation between HSUD.L and HMWO.L has been stable across timeframes, ranging from 0.82 to 0.88 - 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
HSUD.L vs. HMWO.L — Risk / Return Rank
HSUD.L
HMWO.L
HSUD.L vs. HMWO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC USA Screened Equity UCITS ETF (HSUD.L) and HSBC MSCI World UCITS ETF (HMWO.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.
| HSUD.L | HMWO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.34 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 2.62 | +0.80 |
| Martin ratioReturn relative to average drawdown | 13.00 | 11.16 | +1.84 |
Loading charts...
Drawdowns
HSUD.L vs. HMWO.L - Drawdown Comparison
The maximum HSUD.L drawdown since its inception was -24.43%, smaller than the maximum HMWO.L drawdown of -45.90%. Use the drawdown chart below to compare losses from any high point for HSUD.L and HMWO.L.
Loading charts...
Drawdown Indicators
| HSUD.L | HMWO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.43% | -45.90% | +21.47% |
Max Drawdown (1Y)Largest decline over 1 year | -7.77% | -8.60% | +0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -19.51% | -17.71% | -1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -24.43% | -26.71% | +2.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.55% | — |
Current DrawdownCurrent decline from peak | -1.54% | 0.00% | -1.54% |
Average DrawdownAverage peak-to-trough decline | -5.09% | -10.94% | +5.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.02% | +0.03% |
Volatility
HSUD.L vs. HMWO.L - Volatility Comparison
HSBC USA Screened Equity UCITS ETF (HSUD.L) has a higher volatility of 3.25% compared to HSBC MSCI World UCITS ETF (HMWO.L) at 2.88%. This indicates that HSUD.L's price experiences larger fluctuations and is considered to be riskier than HMWO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HSUD.L | HMWO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 2.88% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 9.56% | 9.09% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.83% | 11.73% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.43% | 15.32% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.59% | 15.55% | +0.04% |
HSUD.L vs. HMWO.L - Expense Ratio Comparison
HSUD.L has a 0.12% expense ratio, which is lower than HMWO.L's 0.15% 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%.
Dividends
HSUD.L vs. HMWO.L - Dividend Comparison
HSUD.L has not paid dividends to shareholders, while HMWO.L's dividend yield for the trailing twelve months is around 1.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMWO.L HSBC MSCI World UCITS ETF | 1.17% | 1.26% | 1.41% | 1.60% | 1.75% | 1.27% | 1.55% | 1.97% | 2.11% | 1.91% | 1.84% | 1.86% |
HSUD.L HSBC USA Screened Equity 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% |
Frequently Asked Questions
HSUD.L and HMWO.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HSUD.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HSUD.L is cheaper with a 0.12% expense ratio, compared with 0.15% for HMWO.L.
HSUD.L tracks HSBC USA Screened Equity UCITS ETF, while HMWO.L tracks MSCI World Index. Their fees differ too: 0.12% for HSUD.L and 0.15% for HMWO.L.
Find the right allocation for HSUD.L and HMWO.L
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