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HSWO.L vs. PRWU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HSWO.L vs. PRWU.L

Last updated Jun 4, 2026

HSWO.L (HSBC Developed World Sustainable Equity UCITS ETF USD) and PRWU.L (Amundi Prime Global UCITS ETF DR (C)) are both Global Equities funds tracking the MSCI ACWI NR USD, from HSBC and Amundi respectively. Both are passively managed. A 0.62 correlation means they provide meaningful diversification when combined. HSWO.L charges 0.18%/yr vs 0.05%/yr for PRWU.L.

Performance

HSWO.L vs. PRWU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC Developed World Sustainable Equity UCITS ETF USD (HSWO.L) and Amundi Prime Global UCITS ETF DR (C) (PRWU.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

HSWO.L

1D
-0.29%
1M
7.65%
YTD
13.07%
6M
15.03%
1Y
32.21%
3Y*
17.81%
5Y*
12.78%
10Y*
—

PRWU.L

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

HSWO.L vs. PRWU.L - Yearly Performance Comparison

2026 (YTD)2025202420232022
HSWO.L
HSBC Developed World Sustainable Equity UCITS ETF USD		13.07%15.31%16.91%13.60%2.31%
PRWU.L
Amundi Prime Global UCITS ETF DR (C)		0.00%0.00%20.63%18.25%1.23%

Correlation

The correlation between HSWO.L and PRWU.L is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.56

Correlation (All Time)
Calculated using the full available price history since Jul 14, 2022

0.62

The correlation between HSWO.L and PRWU.L has been stable across timeframes, ranging from 0.56 to 0.62 - a consistent structural relationship.

HSWO.L vs. PRWU.L - Sectors Allocation Comparison

Sectors
HSWO.L
PRWU.L

Technology

30.6%
27.0%

Financial Services

26.8%
15.8%

Healthcare

11.2%
10.7%

Consumer Cyclical

7.0%
10.5%

Communication Services

6.0%
8.1%

Consumer Defensive

5.6%
6.1%

Industrials

5.0%
9.9%

Basic Materials

3.9%
3.2%

Utilities

2.3%
2.7%

Energy

1.0%
4.0%

Real Estate

0.6%
2.1%

Technology

HSWO.L
30.6%
PRWU.L
27.0%

Financial Services

HSWO.L
26.8%
PRWU.L
15.8%

Healthcare

HSWO.L
11.2%
PRWU.L
10.7%

Consumer Cyclical

HSWO.L
7.0%
PRWU.L
10.5%

Communication Services

HSWO.L
6.0%
PRWU.L
8.1%

Consumer Defensive

HSWO.L
5.6%
PRWU.L
6.1%

Industrials

HSWO.L
5.0%
PRWU.L
9.9%

Basic Materials

HSWO.L
3.9%
PRWU.L
3.2%

Utilities

HSWO.L
2.3%
PRWU.L
2.7%

Energy

HSWO.L
1.0%
PRWU.L
4.0%

Real Estate

HSWO.L
0.6%
PRWU.L
2.1%

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HSBC Developed World Sustainable Equity UCITS ETF USD

Amundi Prime Global UCITS ETF DR (C)

Often compared with HSWO.L:
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Often compared with PRWU.L:
PRWU.L vs. SPYI.DEPRWU.L vs. VWRA.LPRWU.L vs. SWDA.LPRWU.L vs. LILMPRWU.L vs. CSPX.LPRWU.L vs. SWRD.LPRWU.L vs. VT

Return for Risk

HSWO.L vs. PRWU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HSWO.L
HSWO.L Risk / Return Rank: 9090
Overall Rank
HSWO.L Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
HSWO.L Sortino Ratio Rank: 9292
Sortino Ratio Rank
HSWO.L Omega Ratio Rank: 9292
Omega Ratio Rank
HSWO.L Calmar Ratio Rank: 8585
Calmar Ratio Rank
HSWO.L Martin Ratio Rank: 8888
Martin Ratio Rank
PRWU.L
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.

HSWO.L vs. PRWU.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 DR (C) (PRWU.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.LPRWU.LDifference
Sharpe ratioReturn per unit of total volatility
3.29

—

—

Sortino ratioReturn per unit of downside risk
4.52

—

—

Omega ratioGain probability vs. loss probability

1.63

—

—

Calmar ratioReturn relative to maximum drawdown

4.69

—

—

Martin ratioReturn relative to average drawdown

19.18

—

—

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

HSWO.L vs. PRWU.L - Sharpe Ratio Comparison

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Sharpe Ratios by Period

HSWO.LPRWU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.29

—

—

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

—

—

Drawdowns

HSWO.L vs. PRWU.L - Drawdown Comparison

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Drawdown Indicators

HSWO.LPRWU.LDifference

Max Drawdown

Largest peak-to-trough decline

-17.26%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-6.84%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-17.26%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-17.26%

—

—

Current Drawdown

Current decline from peak

-0.29%

—

—

Average Drawdown

Average peak-to-trough decline

-2.70%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.68%

—

—

Volatility

HSWO.L vs. PRWU.L - Volatility Comparison

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Volatility by Period

HSWO.LPRWU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.73%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

7.40%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

9.80%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.47%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.74%

—

—

HSWO.L vs. PRWU.L - Expense Ratio Comparison

HSWO.L has a 0.18% expense ratio, which is higher than PRWU.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. PRWU.L - Dividend Comparison

Neither HSWO.L nor PRWU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

HSWO.L and PRWU.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, PRWU.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

PRWU.L is cheaper with a 0.05% expense ratio, compared with 0.18% for HSWO.L.

Both ETFs track MSCI ACWI NR USD. They also come from different issuers: HSBC and Amundi. Their fees differ too: 0.18% for HSWO.L and 0.05% for PRWU.L.

Portfolio Optimizer

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