HWWA.L vs. XWFS.L

Last updated Jun 4, 2026

HWWA.L (HSBC Multi Factor Worldwide Equity UCITS ETF) and XWFS.L (Xtrackers MSCI World Financials UCITS ETF 1C) are both exchange-traded funds - HWWA.L is a Global Equities fund tracking the MSCI ACWI NR USD, while XWFS.L is a Financials Equities fund tracking the MSCI World/Financials NR USD. Both are passively managed. Over the past 3 years, HWWA.L returned 19.71%/yr vs 20.16%/yr for XWFS.L. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

HWWA.L vs. XWFS.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 Xtrackers MSCI World Financials UCITS ETF 1C (XWFS.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 14.08% return, which is significantly higher than XWFS.L's -1.42% return.

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%

XWFS.L

• 1D: -0.98%
• 1M: -0.19%
• YTD: -1.42%
• 6M: 2.61%
• 1Y: 13.19%
• 3Y*: 20.16%
• 5Y*: —
• 10Y*: —

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

HWWA.L vs. XWFS.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%	-3.39%
XWFS.L Xtrackers MSCI World Financials UCITS ETF 1C	-1.42%	20.20%	29.08%	10.02%	-0.66%

Correlation

The correlation between HWWA.L and XWFS.L is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (All Time) Calculated using the full available price history since Mar 25, 2022	0.74

The correlation between HWWA.L and XWFS.L has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.

Return for Risk

HWWA.L vs. XWFS.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

XWFS.L

XWFS.L Risk / Return Rank: 29
XWFS.L Sharpe Ratio Rank: 29
XWFS.L Sortino Ratio Rank: 28
XWFS.L Omega Ratio Rank: 27
XWFS.L Calmar Ratio Rank: 28
XWFS.L Martin Ratio Rank: 30

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. XWFS.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 Xtrackers MSCI World Financials UCITS ETF 1C (XWFS.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	XWFS.L	Difference
Sharpe ratio: Return per unit of total volatility	3.41	1.06	+2.35
Sortino ratio: Return per unit of downside risk	4.64	1.55	+3.09
Omega ratio: Gain probability vs. loss probability	1.65	1.18	+0.47
Calmar ratio: Return relative to maximum drawdown	5.16	1.36	+3.80
Martin ratio: Return relative to average drawdown	21.78	4.37	+17.41
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. XWFS.L - Sharpe Ratio Comparison

The current HWWA.L Sharpe Ratio is 3.41, which is higher than the XWFS.L Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of HWWA.L and XWFS.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	XWFS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.41	1.06	+2.35
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	0.82	+0.02

Drawdowns

HWWA.L vs. XWFS.L - Drawdown Comparison

The maximum HWWA.L drawdown since its inception was -25.12%, which is greater than XWFS.L's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for HWWA.L and XWFS.L.

Drawdown Indicators

	HWWA.L	XWFS.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.12%	-16.47%	-8.65%
Max Drawdown (1Y) Largest decline over 1 year	-6.74%	-9.64%	+2.90%
Max Drawdown (3Y) Largest decline over 3 years	-16.79%	-16.47%	-0.32%
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%	-2.91%	+2.89%
Average Drawdown Average peak-to-trough decline	-3.53%	-4.11%	+0.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	3.01%	-1.41%

Volatility

HWWA.L vs. XWFS.L - Volatility Comparison

HSBC Multi Factor Worldwide Equity UCITS ETF (HWWA.L) has a higher volatility of 3.43% compared to Xtrackers MSCI World Financials UCITS ETF 1C (XWFS.L) at 2.90%. This indicates that HWWA.L's price experiences larger fluctuations and is considered to be riskier than XWFS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HWWA.L	XWFS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	2.90%	+0.53%
Volatility (6M) Calculated over the trailing 6-month period	7.84%	9.62%	-1.78%
Volatility (1Y) Calculated over the trailing 1-year period	10.26%	12.43%	-2.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.69%	16.02%	-3.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.33%	16.02%	-1.69%

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

Both HWWA.L and XWFS.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. XWFS.L - Dividend Comparison

HWWA.L's dividend yield for the trailing twelve months is around 1.29%, while XWFS.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%
XWFS.L Xtrackers MSCI World Financials UCITS ETF 1C	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 XWFS.L in my portfolio?

HWWA.L and XWFS.L have a correlation of 0.66, 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 XWFS.L?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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

HWWA.L and XWFS.L have the same expense ratio: 0.25% per year.

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

HWWA.L is categorized as Global Equities, while XWFS.L is Financials Equities. HWWA.L tracks MSCI ACWI NR USD, while XWFS.L tracks MSCI World/Financials NR USD. They also come from different issuers: HSBC and Xtrackers.