IAUS.L vs. HKOD.L
IAUS.L (iShares MSCI Australia UCITS ETF) and HKOD.L (HSBC MSCI KOREA CAPPED UCITS ETF) are both Global Equities funds - IAUS.L tracks the iShares MSCI Australia UCITS ETF while HKOD.L tracks the HSBC MSCI KOREA CAPPED UCITS ETF. Both are passively managed. Over the past 10 years, IAUS.L returned 7.82%/yr vs 14.34%/yr for HKOD.L. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.
Performance
IAUS.L vs. HKOD.L - Performance Comparison
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Returns By Period
In the year-to-date period, IAUS.L achieves a 10.19% return, which is significantly lower than HKOD.L's 70.37% return. Over the past 10 years, IAUS.L has underperformed HKOD.L with an annualized return of 7.82%, while HKOD.L has yielded a comparatively higher 14.34% annualized return.
IAUS.L
- 1D
- -0.35%
- 1M
- -0.56%
- 6M
- 9.67%
- YTD
- 10.19%
- 1Y
- 13.36%
- 3Y*
- 11.01%
- 5Y*
- 6.53%
- 10Y*
- 7.82%
HKOD.L
- 1D
- -1.67%
- 1M
- -20.60%
- 6M
- 52.67%
- YTD
- 70.37%
- 1Y
- 138.83%
- 3Y*
- 37.85%
- 5Y*
- 14.71%
- 10Y*
- 14.34%
IAUS.L vs. HKOD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAUS.L iShares MSCI Australia UCITS ETF | 10.19% | 13.86% | 1.70% | 13.84% | -5.50% | 8.27% | 9.46% | 21.85% | -12.47% | 20.13% |
HKOD.L HSBC MSCI KOREA CAPPED UCITS ETF | 70.37% | 99.54% | -22.90% | 19.95% | -28.44% | -8.49% | 45.08% | 10.64% | -21.06% | 45.79% |
Correlation
The correlation between IAUS.L and HKOD.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2011 | 0.63 |
The correlation between IAUS.L and HKOD.L shifts across timeframes, from 0.50 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IAUS.L vs. HKOD.L — Risk / Return Rank
IAUS.L
HKOD.L
IAUS.L vs. HKOD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Australia UCITS ETF (IAUS.L) and HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IAUS.L | HKOD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.45 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 5.77 | -4.42 |
| Martin ratioReturn relative to average drawdown | 3.32 | 17.93 | -14.61 |
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Drawdowns
IAUS.L vs. HKOD.L - Drawdown Comparison
The maximum IAUS.L drawdown since its inception was -44.76%, smaller than the maximum HKOD.L drawdown of -50.54%. Use the drawdown chart below to compare losses from any high point for IAUS.L and HKOD.L.
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Drawdown Indicators
| IAUS.L | HKOD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.76% | -50.54% | +5.78% |
Max Drawdown (1Y)Largest decline over 1 year | -9.68% | -24.00% | +14.32% |
Max Drawdown (3Y)Largest decline over 3 years | -23.04% | -29.48% | +6.44% |
Max Drawdown (5Y)Largest decline over 5 years | -24.60% | -47.65% | +23.05% |
Max Drawdown (10Y)Largest decline over 10 years | -44.76% | -50.54% | +5.78% |
Current DrawdownCurrent decline from peak | -4.27% | -24.00% | +19.73% |
Average DrawdownAverage peak-to-trough decline | -9.27% | -18.79% | +9.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 7.75% | -3.80% |
Volatility
IAUS.L vs. HKOD.L - Volatility Comparison
The current volatility for iShares MSCI Australia UCITS ETF (IAUS.L) is 4.06%, while HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.L) has a volatility of 20.20%. This indicates that IAUS.L experiences smaller price fluctuations and is considered to be less risky than HKOD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAUS.L | HKOD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 20.20% | -16.14% |
Volatility (6M)Calculated over the trailing 6-month period | 13.35% | 41.23% | -27.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.93% | 45.10% | -29.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.54% | 29.74% | -10.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.75% | 26.96% | -6.21% |
IAUS.L vs. HKOD.L - Expense Ratio Comparison
Both IAUS.L and HKOD.L have an expense ratio of 0.50%.
Dividends
IAUS.L vs. HKOD.L - Dividend Comparison
IAUS.L has not paid dividends to shareholders, while HKOD.L's dividend yield for the trailing twelve months is around 0.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HKOD.L HSBC MSCI KOREA CAPPED UCITS ETF | 0.43% | 0.68% | 1.54% | 1.08% | 0.72% | 0.61% | 0.02% | 0.29% | 0.56% | 0.10% |
IAUS.L iShares MSCI Australia UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IAUS.L and HKOD.L have a correlation of 0.50, 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 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IAUS.L and HKOD.L have the same expense ratio: 0.50% per year.
IAUS.L tracks iShares MSCI Australia UCITS ETF, while HKOD.L tracks HSBC MSCI KOREA CAPPED UCITS ETF. They also come from different issuers: iShares and HSBC.
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