HWWA.L vs. IWFQ.L
Compare and contrast key facts about HSBC Multi Factor Worldwide Equity UCITS ETF (HWWA.L) and iShares MSCI World Quality Factor UCITS (IWFQ.L).
HWWA.L and IWFQ.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HWWA.L is a passively managed fund by HSBC that tracks the performance of the MSCI ACWI NR USD. It was launched on Jul 4, 2014. IWFQ.L is a passively managed fund by iShares that tracks the performance of the MSCI ACWI NR USD. It was launched on Oct 3, 2014. Both HWWA.L and IWFQ.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HWWA.L or IWFQ.L.
Performance
HWWA.L vs. IWFQ.L - Performance Comparison
Returns By Period
In the year-to-date period, HWWA.L achieves a 16.70% return, which is significantly lower than IWFQ.L's 18.55% return. Over the past 10 years, HWWA.L has underperformed IWFQ.L with an annualized return of 11.32%, while IWFQ.L has yielded a comparatively higher 12.72% annualized return.
HWWA.L
16.70%
1.51%
5.13%
21.61%
11.73%
11.32%
IWFQ.L
18.55%
0.69%
5.66%
22.90%
12.58%
12.72%
Key characteristics
| HWWA.L | IWFQ.L | |
|---|---|---|
| Sharpe Ratio | 0.51 | 2.13 |
| Sortino Ratio | 1.11 | 3.07 |
| Omega Ratio | 1.39 | 1.40 |
| Calmar Ratio | 0.88 | 3.51 |
| Martin Ratio | 2.56 | 12.48 |
| Ulcer Index | 8.44% | 1.83% |
| Daily Std Dev | 42.66% | 10.71% |
| Max Drawdown | -43.14% | -23.91% |
| Current Drawdown | -20.71% | -1.12% |
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HWWA.L vs. IWFQ.L - Expense Ratio Comparison
HWWA.L has a 0.25% expense ratio, which is lower than IWFQ.L's 0.30% expense ratio.
Correlation
The correlation between HWWA.L and IWFQ.L is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
HWWA.L vs. IWFQ.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Multi Factor Worldwide Equity UCITS ETF (HWWA.L) and iShares MSCI World Quality Factor UCITS (IWFQ.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.
Dividends
HWWA.L vs. IWFQ.L - Dividend Comparison
HWWA.L's dividend yield for the trailing twelve months is around 0.87%, while IWFQ.L has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HWWA.L HSBC Multi Factor Worldwide Equity UCITS ETF | 0.87% | 2.40% | 2.51% | 2.02% | 1.89% | 2.70% | 2.84% | 2.39% | 2.30% | 3.01% | 0.68% |
IWFQ.L iShares MSCI World Quality Factor UCITS | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HWWA.L vs. IWFQ.L - Drawdown Comparison
The maximum HWWA.L drawdown since its inception was -43.14%, which is greater than IWFQ.L's maximum drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for HWWA.L and IWFQ.L. For additional features, visit the drawdowns tool.
Volatility
HWWA.L vs. IWFQ.L - Volatility Comparison
HSBC Multi Factor Worldwide Equity UCITS ETF (HWWA.L) has a higher volatility of 3.35% compared to iShares MSCI World Quality Factor UCITS (IWFQ.L) at 2.89%. This indicates that HWWA.L's price experiences larger fluctuations and is considered to be riskier than IWFQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.