HWWA.L vs. MWOZ.L

Last updated Jun 5, 2026

HWWA.L (HSBC Multi Factor Worldwide Equity UCITS ETF) and MWOZ.L (Amundi Prime Global UCITS ETF Dist) are both Global Equities funds - HWWA.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, HWWA.L returned 34.30% vs 27.68% for MWOZ.L. Their correlation of 0.94 suggests significant overlap in exposure. HWWA.L charges 0.25%/yr vs 0.05%/yr for MWOZ.L.

Performance

HWWA.L vs. MWOZ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC Multi Factor Worldwide Equity UCITS ETF (HWWA.L) and Amundi Prime Global UCITS ETF Dist (MWOZ.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HWWA.L achieves a 13.69% return, which is significantly higher than MWOZ.L's 10.17% return.

HWWA.L

• 1D: -0.33%
• 1M: 5.53%
• YTD: 13.69%
• 6M: 14.69%
• 1Y: 34.30%
• 3Y*: 19.39%
• 5Y*: 12.99%
• 10Y*: 13.22%

MWOZ.L

• 1D: 0.05%
• 1M: 5.09%
• YTD: 10.17%
• 6M: 10.38%
• 1Y: 27.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HWWA.L vs. MWOZ.L - Yearly Performance Comparison

	2026 (YTD)	2025
HWWA.L HSBC Multi Factor Worldwide Equity UCITS ETF	13.69%	12.22%
MWOZ.L Amundi Prime Global UCITS ETF Dist	10.17%	8.44%

Correlation

The correlation between HWWA.L and MWOZ.L is 0.92, 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	0.92
Correlation (All Time) Calculated using the full available price history since Feb 7, 2025	0.94

The correlation between HWWA.L and MWOZ.L has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

HWWA.L vs. MWOZ.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HWWA.L

HWWA.L Risk / Return Rank: 91
HWWA.L Sharpe Ratio Rank: 93
HWWA.L Sortino Ratio Rank: 93
HWWA.L Omega Ratio Rank: 93
HWWA.L Calmar Ratio Rank: 88
HWWA.L Martin Ratio Rank: 91

MWOZ.L

MWOZ.L Risk / Return Rank: 83
MWOZ.L Sharpe Ratio Rank: 83
MWOZ.L Sortino Ratio Rank: 84
MWOZ.L Omega Ratio Rank: 85
MWOZ.L Calmar Ratio Rank: 81
MWOZ.L Martin Ratio Rank: 84

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.

HWWA.L vs. MWOZ.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC Multi Factor Worldwide Equity UCITS ETF (HWWA.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.

	HWWA.L	MWOZ.L	Difference
Sharpe ratio: Return per unit of total volatility	3.34	2.68	+0.66
Sortino ratio: Return per unit of downside risk	4.56	3.68	+0.88
Omega ratio: Gain probability vs. loss probability	1.64	1.51	+0.13
Calmar ratio: Return relative to maximum drawdown	5.06	4.16	+0.91
Martin ratio: Return relative to average drawdown	21.35	16.80	+4.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HWWA.L vs. MWOZ.L - Sharpe Ratio Comparison

The current HWWA.L Sharpe Ratio is 3.34, which is comparable to the MWOZ.L Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of HWWA.L and MWOZ.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.

Sharpe Ratios by Period

	HWWA.L	MWOZ.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.34	2.68	+0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.02	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.92	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	1.04	-0.20

Drawdowns

HWWA.L vs. MWOZ.L - Drawdown Comparison

The maximum HWWA.L drawdown since its inception was -25.12%, which is greater than MWOZ.L's maximum drawdown of -18.50%. Use the drawdown chart below to compare losses from any high point for HWWA.L and MWOZ.L.

Drawdown Indicators

	HWWA.L	MWOZ.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.12%	-18.50%	-6.62%
Max Drawdown (1Y) Largest decline over 1 year	-6.74%	-6.63%	-0.11%
Max Drawdown (3Y) Largest decline over 3 years	-16.79%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.79%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-25.12%	—	—
Current Drawdown Current decline from peak	-0.35%	-0.15%	-0.20%
Average Drawdown Average peak-to-trough decline	-3.53%	-3.16%	-0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	1.64%	-0.04%

Volatility

HWWA.L vs. MWOZ.L - Volatility Comparison

HSBC Multi Factor Worldwide Equity UCITS ETF (HWWA.L) has a higher volatility of 3.48% compared to Amundi Prime Global UCITS ETF Dist (MWOZ.L) at 2.54%. This indicates that HWWA.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.

Volatility by Period

	HWWA.L	MWOZ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	2.54%	+0.94%
Volatility (6M) Calculated over the trailing 6-month period	7.85%	7.27%	+0.58%
Volatility (1Y) Calculated over the trailing 1-year period	10.23%	10.29%	-0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.69%	13.91%	-1.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.32%	13.91%	+0.41%

HWWA.L vs. MWOZ.L - Expense Ratio Comparison

HWWA.L has a 0.25% 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

HWWA.L vs. MWOZ.L - Dividend Comparison

HWWA.L's dividend yield for the trailing twelve months is around 1.29%, more than MWOZ.L's 1.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HWWA.L HSBC Multi Factor Worldwide Equity UCITS ETF	1.29%	1.43%	1.58%	1.95%	2.07%	1.48%	1.45%	2.07%	2.10%	1.86%	1.71%	1.97%
MWOZ.L Amundi Prime Global UCITS ETF Dist	1.20%	1.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HWWA.L and MWOZ.L in my portfolio?

With a correlation of 0.92, HWWA.L and MWOZ.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, HWWA.L or MWOZ.L?

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.

Which ETF is cheaper, HWWA.L or MWOZ.L?

MWOZ.L is cheaper with a 0.05% expense ratio, compared with 0.25% for HWWA.L.

What is the main difference between HWWA.L and MWOZ.L?

HWWA.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: 0.25% for HWWA.L and 0.05% for MWOZ.L.