HWWA.L vs. WENS.L
HWWA.L (HSBC Multi Factor Worldwide Equity UCITS ETF) and WENS.L (iShares MSCI World Energy Sector UCITS ETF USD (Dist)) are both exchange-traded funds - HWWA.L is a Global Equities fund tracking the MSCI ACWI NR USD, while WENS.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 3 years, HWWA.L returned 19.39%/yr vs 13.87%/yr for WENS.L. At a 0.31 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
HWWA.L vs. WENS.L - Performance Comparison
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Returns By Period
In the year-to-date period, HWWA.L achieves a 13.69% return, which is significantly lower than WENS.L's 31.38% 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%
WENS.L
- 1D
- -0.43%
- 1M
- -0.63%
- YTD
- 31.38%
- 6M
- 26.68%
- 1Y
- 44.00%
- 3Y*
- 13.87%
- 5Y*
- —
- 10Y*
- —
HWWA.L vs. WENS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HWWA.L HSBC Multi Factor Worldwide Equity UCITS ETF | 13.69% | 16.74% | 17.83% | 15.71% | 3.24% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 31.38% | 3.24% | 2.09% | -2.00% | 17.73% |
Correlation
The correlation between HWWA.L and WENS.L is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022 | 0.31 |
The correlation between HWWA.L and WENS.L shifts across timeframes, from -0.07 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HWWA.L vs. WENS.L — Risk / Return Rank
HWWA.L
WENS.L
HWWA.L vs. WENS.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 iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.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 | WENS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.37 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 5.06 | 2.99 | +2.07 |
| Martin ratioReturn relative to average drawdown | 21.35 | 9.66 | +11.69 |
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 | WENS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.34 | 2.06 | +1.28 |
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 | 0.59 | +0.25 |
Drawdowns
HWWA.L vs. WENS.L - Drawdown Comparison
The maximum HWWA.L drawdown since its inception was -25.12%, which is greater than WENS.L's maximum drawdown of -22.49%. Use the drawdown chart below to compare losses from any high point for HWWA.L and WENS.L.
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Drawdown Indicators
| HWWA.L | WENS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.12% | -22.49% | -2.63% |
Max Drawdown (1Y)Largest decline over 1 year | -6.74% | -14.63% | +7.89% |
Max Drawdown (3Y)Largest decline over 3 years | -16.79% | -22.49% | +5.70% |
Max Drawdown (5Y)Largest decline over 5 years | -16.79% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.12% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | -7.62% | +7.27% |
Average DrawdownAverage peak-to-trough decline | -3.53% | -9.15% | +5.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 4.54% | -2.94% |
Volatility
HWWA.L vs. WENS.L - Volatility Comparison
The current volatility for HSBC Multi Factor Worldwide Equity UCITS ETF (HWWA.L) is 3.48%, while iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) has a volatility of 7.96%. This indicates that HWWA.L experiences smaller price fluctuations and is considered to be less risky than WENS.L 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 | WENS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 7.96% | -4.48% |
Volatility (6M)Calculated over the trailing 6-month period | 7.85% | 18.19% | -10.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.23% | 21.33% | -11.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.69% | 21.49% | -8.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.32% | 21.49% | -7.17% |
HWWA.L vs. WENS.L - Expense Ratio Comparison
Both HWWA.L and WENS.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
HWWA.L vs. WENS.L - Dividend Comparison
HWWA.L's dividend yield for the trailing twelve months is around 1.29%, while WENS.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% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 0.00% | 0.00% | 1.75% | 3.61% | 1.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HWWA.L and WENS.L have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
HWWA.L and WENS.L have the same expense ratio: 0.25% per year.
HWWA.L is categorized as Global Equities, while WENS.L is Energy Equities. HWWA.L tracks MSCI ACWI NR USD, while WENS.L tracks MSCI World/Energy NR USD. They also come from different issuers: HSBC and iShares.
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