HSWO.L vs. MWOZ.L
HSWO.L (HSBC Developed World Sustainable Equity UCITS ETF USD) and MWOZ.L (Amundi Prime Global UCITS ETF Dist) are both Global Equities funds - HSWO.L tracks the MSCI ACWI NR USD while MWOZ.L tracks the Solactive GBS Developed Markets Large & Mid Cap Index. Both are passively managed. Over the past year, HSWO.L returned 32.41% vs 27.68% for MWOZ.L. Their correlation of 0.92 suggests significant overlap in exposure. HSWO.L charges 0.18%/yr vs 0.05%/yr for MWOZ.L.
Performance
HSWO.L vs. MWOZ.L - Performance Comparison
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Returns By Period
In the year-to-date period, HSWO.L achieves a 13.42% return, which is significantly higher than MWOZ.L's 10.17% return.
HSWO.L
- 1D
- 0.31%
- 1M
- 7.82%
- YTD
- 13.42%
- 6M
- 15.23%
- 1Y
- 32.41%
- 3Y*
- 17.77%
- 5Y*
- 12.85%
- 10Y*
- —
MWOZ.L
- 1D
- 0.05%
- 1M
- 5.09%
- YTD
- 10.17%
- 6M
- 10.38%
- 1Y
- 27.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HSWO.L vs. MWOZ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HSWO.L HSBC Developed World Sustainable Equity UCITS ETF USD | 13.42% | 10.97% |
MWOZ.L Amundi Prime Global UCITS ETF Dist | 10.17% | 8.44% |
Correlation
The correlation between HSWO.L and MWOZ.L is 0.89, 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 | 0.89 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2025 | 0.92 |
The correlation between HSWO.L and MWOZ.L has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
HSWO.L vs. MWOZ.L — Risk / Return Rank
HSWO.L
MWOZ.L
HSWO.L vs. MWOZ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Developed World Sustainable Equity UCITS ETF USD (HSWO.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.
| HSWO.L | MWOZ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.51 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.72 | 4.16 | +0.56 |
| Martin ratioReturn relative to average drawdown | 19.29 | 16.80 | +2.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HSWO.L | MWOZ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.30 | 2.68 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.18 | 1.04 | +0.15 |
Drawdowns
HSWO.L vs. MWOZ.L - Drawdown Comparison
The maximum HSWO.L drawdown since its inception was -17.26%, smaller than the maximum MWOZ.L drawdown of -18.50%. Use the drawdown chart below to compare losses from any high point for HSWO.L and MWOZ.L.
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Drawdown Indicators
| HSWO.L | MWOZ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.26% | -18.50% | +1.24% |
Max Drawdown (1Y)Largest decline over 1 year | -6.84% | -6.63% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -17.26% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.26% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.15% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -2.70% | -3.16% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 1.64% | +0.04% |
Volatility
HSWO.L vs. MWOZ.L - Volatility Comparison
HSBC Developed World Sustainable Equity UCITS ETF USD (HSWO.L) has a higher volatility of 2.73% compared to Amundi Prime Global UCITS ETF Dist (MWOZ.L) at 2.54%. This indicates that HSWO.L's price experiences larger fluctuations and is considered to be riskier than MWOZ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSWO.L | MWOZ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 2.54% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.41% | 7.27% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.76% | 10.29% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.47% | 13.91% | -1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.74% | 13.91% | -1.17% |
HSWO.L vs. MWOZ.L - Expense Ratio Comparison
HSWO.L has a 0.18% expense ratio, which is higher than MWOZ.L's 0.05% 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
HSWO.L vs. MWOZ.L - Dividend Comparison
HSWO.L has not paid dividends to shareholders, while MWOZ.L's dividend yield for the trailing twelve months is around 1.20%.
| Position | TTM | 2025 |
|---|---|---|
HSWO.L HSBC Developed World Sustainable Equity UCITS ETF USD | 0.00% | 0.00% |
MWOZ.L Amundi Prime Global UCITS ETF Dist | 1.20% | 1.60% |
Frequently Asked Questions
HSWO.L and MWOZ.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MWOZ.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MWOZ.L is cheaper with a 0.05% expense ratio, compared with 0.18% for HSWO.L.
HSWO.L tracks MSCI ACWI NR USD, while MWOZ.L tracks Solactive GBS Developed Markets Large & Mid Cap Index. They also come from different issuers: HSBC and Amundi. Their fees differ too: 0.18% for HSWO.L and 0.05% for MWOZ.L.
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