HWWD.L vs. MWRD.L

Last updated Jun 5, 2026

HWWD.L (HSBC Multi Factor Worldwide Equity UCITS ETF) and MWRD.L (Amundi Index MSCI World) are both Global Equities funds tracking the MSCI ACWI NR USD, from HSBC and Amundi respectively. Both are passively managed. A 0.73 correlation means they provide meaningful diversification when combined. HWWD.L charges 0.25%/yr vs 0.08%/yr for MWRD.L.

Performance

HWWD.L vs. MWRD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HSBC Multi Factor Worldwide Equity UCITS ETF (HWWD.L) and Amundi Index MSCI World (MWRD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HWWD.L is traded in USD, while MWRD.L is traded in GBp. To make them comparable, the MWRD.L values have been converted to USD using the latest available exchange rates.

Returns By Period

HWWD.L

• 1D: -0.27%
• 1M: 4.11%
• YTD: 13.55%
• 6M: 15.30%
• 1Y: 33.07%
• 3Y*: 22.56%
• 5Y*: 11.75%
• 10Y*: 12.39%

MWRD.L

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

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

HWWD.L vs. MWRD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HWWD.L HSBC Multi Factor Worldwide Equity UCITS ETF	13.55%	25.22%	15.99%	22.41%	-17.65%	20.14%	14.94%	22.38%	-10.70%	10.86%
MWRD.L Amundi Index MSCI World	0.00%	0.00%	-1.64%	23.69%	-18.69%	22.97%	15.27%	28.71%	-9.87%	10.61%

Correlation

The correlation between HWWD.L and MWRD.L is 0.73, 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	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jun 30, 2017	0.73

The correlation between HWWD.L and MWRD.L shifts across timeframes, from 0.32 (3 years) to 0.73 (all time), reflecting how their relationship changes across market environments.

HWWD.L vs. MWRD.L - Sectors Allocation Comparison

Sectors	HWWD.L	MWRD.L
Technology	33.9%	24.7%
Financial Services	15.2%	14.7%
Industrials	11.7%	10.6%
Communication Services	8.3%	7.5%
Consumer Cyclical	8.0%	10.5%
Basic Materials	5.8%	3.8%
Healthcare	5.4%	12.4%
Energy	4.3%	4.4%
Utilities	3.4%	2.4%
Consumer Defensive	2.2%	6.7%
Real Estate	1.4%	2.4%

Return for Risk

HWWD.L vs. MWRD.L — Risk / Return Rank

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

HWWD.L

HWWD.L Risk / Return Rank: 82
HWWD.L Sharpe Ratio Rank: 83
HWWD.L Sortino Ratio Rank: 87
HWWD.L Omega Ratio Rank: 83
HWWD.L Calmar Ratio Rank: 77
HWWD.L Martin Ratio Rank: 82

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.

HWWD.L vs. MWRD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC Multi Factor Worldwide Equity UCITS ETF (HWWD.L) and Amundi Index MSCI World (MWRD.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.

	HWWD.L	MWRD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.67	—	—
Sortino ratio: Return per unit of downside risk	3.86	—	—
Omega ratio: Gain probability vs. loss probability	1.49	—	—
Calmar ratio: Return relative to maximum drawdown	3.85	—	—
Martin ratio: Return relative to average drawdown	16.09	—	—
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

	HWWD.L	MWRD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.67	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	—	—

Drawdowns

Drawdown Indicators

	HWWD.L	MWRD.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.76%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.55%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.36%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.22%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.76%	—	—
Current Drawdown Current decline from peak	-0.61%	—	—
Average Drawdown Average peak-to-trough decline	-5.37%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	—	—

Volatility

Volatility by Period

	HWWD.L	MWRD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.35%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.27%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.68%	—	—

HWWD.L vs. MWRD.L - Expense Ratio Comparison

HWWD.L has a 0.25% expense ratio, which is higher than MWRD.L's 0.08% 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

HWWD.L vs. MWRD.L - Dividend Comparison

HWWD.L's dividend yield for the trailing twelve months is around 1.30%, while MWRD.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HWWD.L HSBC Multi Factor Worldwide Equity UCITS ETF	1.30%	1.41%	1.61%	1.90%	2.10%	1.52%	1.35%	2.00%	2.19%	1.76%	1.87%	2.04%
MWRD.L Amundi Index MSCI World	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 HWWD.L and MWRD.L in my portfolio?

HWWD.L and MWRD.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HWWD.L or MWRD.L?

On fees, MWRD.L is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HWWD.L or MWRD.L?

MWRD.L is cheaper with a 0.08% expense ratio, compared with 0.25% for HWWD.L.

What is the main difference between HWWD.L and MWRD.L?

Both ETFs track MSCI ACWI NR USD. They also come from different issuers: HSBC and Amundi. Their fees differ too: 0.25% for HWWD.L and 0.08% for MWRD.L.