HWWA.L vs. VGEJ.DE
HWWA.L (HSBC Multi Factor Worldwide Equity UCITS ETF) and VGEJ.DE (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing) are both exchange-traded funds - HWWA.L is a Global Equities fund tracking the MSCI ACWI NR USD, while VGEJ.DE is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific ex Japan. Both are passively managed. Over the past 10 years, HWWA.L returned 13.22%/yr vs 16.41%/yr for VGEJ.DE. A 0.60 correlation means they provide meaningful diversification when combined. HWWA.L charges 0.25%/yr vs 0.15%/yr for VGEJ.DE.
Performance
HWWA.L vs. VGEJ.DE - Performance Comparison
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Different Trading Currencies
HWWA.L is traded in GBP, while VGEJ.DE is traded in EUR. To make them comparable, the VGEJ.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, HWWA.L achieves a 13.69% return, which is significantly lower than VGEJ.DE's 49.00% return. Over the past 10 years, HWWA.L has underperformed VGEJ.DE with an annualized return of 13.22%, while VGEJ.DE has yielded a comparatively higher 16.41% annualized 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%
VGEJ.DE
- 1D
- -2.96%
- 1M
- 10.72%
- YTD
- 49.00%
- 6M
- 54.61%
- 1Y
- 85.05%
- 3Y*
- 26.98%
- 5Y*
- 15.86%
- 10Y*
- 16.41%
HWWA.L vs. VGEJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWWA.L HSBC Multi Factor Worldwide Equity UCITS ETF | 13.69% | 16.74% | 17.83% | 15.71% | -7.83% | 21.70% | 11.03% | 18.57% | -5.55% | 12.89% |
VGEJ.DE Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing | 49.00% | 31.23% | -1.16% | 8.07% | 1.14% | 6.02% | 17.45% | 18.57% | -5.59% | 21.51% |
Correlation
The correlation between HWWA.L and VGEJ.DE 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 (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2015 | 0.60 |
The correlation between HWWA.L and VGEJ.DE has been stable across timeframes, ranging from 0.60 to 0.66 - a consistent structural relationship.
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Return for Risk
HWWA.L vs. VGEJ.DE — Risk / Return Rank
HWWA.L
VGEJ.DE
HWWA.L vs. VGEJ.DE - 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 Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VGEJ.DE). 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 | VGEJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.77 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 5.06 | 6.40 | -1.34 |
| Martin ratioReturn relative to average drawdown | 21.35 | 24.01 | -2.65 |
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
| HWWA.L | VGEJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.34 | 4.14 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 0.96 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 0.99 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.89 | -0.06 |
Drawdowns
HWWA.L vs. VGEJ.DE - Drawdown Comparison
The maximum HWWA.L drawdown since its inception was -25.12%, smaller than the maximum VGEJ.DE drawdown of -31.09%. Use the drawdown chart below to compare losses from any high point for HWWA.L and VGEJ.DE.
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Drawdown Indicators
| HWWA.L | VGEJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.12% | -31.09% | +5.97% |
Max Drawdown (1Y)Largest decline over 1 year | -6.74% | -13.22% | +6.48% |
Max Drawdown (3Y)Largest decline over 3 years | -16.79% | -18.24% | +1.45% |
Max Drawdown (5Y)Largest decline over 5 years | -16.79% | -18.24% | +1.45% |
Max Drawdown (10Y)Largest decline over 10 years | -25.12% | -31.09% | +5.97% |
Current DrawdownCurrent decline from peak | -0.35% | -3.69% | +3.34% |
Average DrawdownAverage peak-to-trough decline | -3.53% | -4.56% | +1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 3.53% | -1.93% |
Volatility
HWWA.L vs. VGEJ.DE - Volatility Comparison
The current volatility for HSBC Multi Factor Worldwide Equity UCITS ETF (HWWA.L) is 3.48%, while Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VGEJ.DE) has a volatility of 10.62%. This indicates that HWWA.L experiences smaller price fluctuations and is considered to be less risky than VGEJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWWA.L | VGEJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 10.62% | -7.14% |
Volatility (6M)Calculated over the trailing 6-month period | 7.85% | 18.47% | -10.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.23% | 20.48% | -10.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.69% | 16.28% | -3.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.32% | 19.41% | -5.09% |
HWWA.L vs. VGEJ.DE - Expense Ratio Comparison
HWWA.L has a 0.25% expense ratio, which is higher than VGEJ.DE's 0.15% 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. VGEJ.DE - Dividend Comparison
HWWA.L's dividend yield for the trailing twelve months is around 1.29%, less than VGEJ.DE's 1.80% 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% |
VGEJ.DE Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing | 1.80% | 2.75% | 5.36% | 7.33% | 7.98% | 7.49% | 4.34% | 6.92% | 7.83% | 4.28% | 3.08% | 2.78% |
Frequently Asked Questions
HWWA.L and VGEJ.DE 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, VGEJ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEJ.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for HWWA.L.
HWWA.L is categorized as Global Equities, while VGEJ.DE is Asia Pacific Equities. HWWA.L tracks MSCI ACWI NR USD, while VGEJ.DE tracks FTSE Developed Asia Pacific ex Japan. They also come from different issuers: HSBC and Vanguard. Their fees differ too: 0.25% for HWWA.L and 0.15% for VGEJ.DE.
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