HWWA.L vs. PRWU.L

Last updated Jun 4, 2026

HWWA.L (HSBC Multi Factor Worldwide Equity UCITS ETF) 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 0.61 correlation means they provide meaningful diversification when combined. HWWA.L charges 0.25%/yr vs 0.05%/yr for PRWU.L.

Performance

HWWA.L vs. PRWU.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 DR (C) (PRWU.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HWWA.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

HWWA.L

• 1D: -0.02%
• 1M: 6.39%
• YTD: 14.08%
• 6M: 15.66%
• 1Y: 34.98%
• 3Y*: 19.71%
• 5Y*: 13.07%
• 10Y*: 13.41%

PRWU.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
HWWA.L HSBC Multi Factor Worldwide Equity UCITS ETF	14.08%	16.74%	17.83%	15.71%	2.07%
PRWU.L Amundi Prime Global UCITS ETF DR (C)	0.00%	0.00%	20.63%	18.25%	1.23%

Correlation

The correlation between HWWA.L and PRWU.L is 0.61, 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	0.55
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022	0.61

The correlation between HWWA.L and PRWU.L has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.

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

Sectors	HWWA.L	PRWU.L
Technology	34.2%	27.0%
Financial Services	14.0%	15.8%
Industrials	13.2%	9.9%
Communication Services	8.4%	8.1%
Consumer Cyclical	8.3%	10.5%
Basic Materials	5.8%	3.2%
Healthcare	5.6%	10.7%
Energy	4.2%	4.0%
Utilities	2.5%	2.7%
Consumer Defensive	2.2%	6.1%
Real Estate	1.4%	2.1%

Return for Risk

HWWA.L vs. PRWU.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: 92
HWWA.L Sortino Ratio Rank: 93
HWWA.L Omega Ratio Rank: 93
HWWA.L Calmar Ratio Rank: 88
HWWA.L Martin Ratio Rank: 91

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. PRWU.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 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.

	HWWA.L	PRWU.L	Difference
Sharpe ratio: Return per unit of total volatility	3.41	—	—
Sortino ratio: Return per unit of downside risk	4.64	—	—
Omega ratio: Gain probability vs. loss probability	1.65	—	—
Calmar ratio: Return relative to maximum drawdown	5.16	—	—
Martin ratio: Return relative to average drawdown	21.78	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HWWA.L	PRWU.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.41	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.03	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.93	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	—	—

Drawdowns

Drawdown Indicators

	HWWA.L	PRWU.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.12%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.74%	—	—
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	-0.02%	—	—
Average Drawdown Average peak-to-trough decline	-3.53%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	—	—

Volatility

Volatility by Period

	HWWA.L	PRWU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.26%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.69%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.33%	—	—

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

HWWA.L has a 0.25% 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

HWWA.L vs. PRWU.L - Dividend Comparison

HWWA.L's dividend yield for the trailing twelve months is around 1.29%, while PRWU.L has not paid dividends to shareholders.

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%
PRWU.L Amundi Prime Global UCITS ETF DR (C)	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

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

HWWA.L and PRWU.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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.

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

PRWU.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 PRWU.L?

Both ETFs track MSCI ACWI NR USD. They also come from different issuers: HSBC and Amundi. Their fees differ too: 0.25% for HWWA.L and 0.05% for PRWU.L.