IDFF.L vs. HSXD.L
IDFF.L (iShares MSCI AC Far East ex-Japan UCITS ETF) and HSXD.L (HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF) are both Japan Equities funds - IDFF.L tracks the iShares MSCI AC Far East ex-Japan UCITS ETF while HSXD.L tracks the HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF. Both are passively managed. Over the past 5 years, IDFF.L returned 7.12%/yr vs 9.90%/yr for HSXD.L. With a 0.95 correlation, they move nearly in lockstep. IDFF.L charges 0.74%/yr vs 0.25%/yr for HSXD.L.
Performance
IDFF.L vs. HSXD.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IDFF.L having a 26.95% return and HSXD.L slightly higher at 27.12%.
IDFF.L
- 1D
- -1.70%
- 1M
- -8.33%
- 6M
- 18.87%
- YTD
- 26.95%
- 1Y
- 48.14%
- 3Y*
- 24.00%
- 5Y*
- 7.12%
- 10Y*
- 9.66%
HSXD.L
- 1D
- -1.47%
- 1M
- -7.17%
- 6M
- 21.56%
- YTD
- 27.12%
- 1Y
- 45.66%
- 3Y*
- 23.98%
- 5Y*
- 9.90%
- 10Y*
- —
IDFF.L vs. HSXD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IDFF.L iShares MSCI AC Far East ex-Japan UCITS ETF | 26.95% | 39.49% | 12.16% | 1.47% | -21.79% | -9.20% | 17.78% |
HSXD.L HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF | 27.12% | 32.35% | 14.83% | 4.23% | -15.92% | -0.71% | 22.36% |
Correlation
The correlation between IDFF.L and HSXD.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020 | 0.95 |
The correlation between IDFF.L and HSXD.L has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
IDFF.L vs. HSXD.L — Risk / Return Rank
IDFF.L
HSXD.L
IDFF.L vs. HSXD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI AC Far East ex-Japan UCITS ETF (IDFF.L) and HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF (HSXD.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.
| IDFF.L | HSXD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 3.51 | +0.29 |
| Martin ratioReturn relative to average drawdown | 11.11 | 10.85 | +0.26 |
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Drawdowns
IDFF.L vs. HSXD.L - Drawdown Comparison
The maximum IDFF.L drawdown since its inception was -64.08%, which is greater than HSXD.L's maximum drawdown of -38.23%. Use the drawdown chart below to compare losses from any high point for IDFF.L and HSXD.L.
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Drawdown Indicators
| IDFF.L | HSXD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.08% | -38.23% | -25.85% |
Max Drawdown (1Y)Largest decline over 1 year | -12.63% | -12.86% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -19.77% | -20.22% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -43.71% | -32.89% | -10.82% |
Max Drawdown (10Y)Largest decline over 10 years | -50.09% | — | — |
Current DrawdownCurrent decline from peak | -10.89% | -9.93% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -18.18% | -14.15% | -4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | 4.16% | +0.16% |
Volatility
IDFF.L vs. HSXD.L - Volatility Comparison
iShares MSCI AC Far East ex-Japan UCITS ETF (IDFF.L) has a higher volatility of 10.68% compared to HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF (HSXD.L) at 10.03%. This indicates that IDFF.L's price experiences larger fluctuations and is considered to be riskier than HSXD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDFF.L | HSXD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.68% | 10.03% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 22.07% | 20.15% | +1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.77% | 22.21% | +2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.32% | 19.62% | +2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.81% | 19.15% | +1.66% |
IDFF.L vs. HSXD.L - Expense Ratio Comparison
IDFF.L has a 0.74% expense ratio, which is higher than HSXD.L's 0.25% expense ratio.
Dividends
IDFF.L vs. HSXD.L - Dividend Comparison
IDFF.L's dividend yield for the trailing twelve months is around 1.10%, while HSXD.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSXD.L HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDFF.L iShares MSCI AC Far East ex-Japan UCITS ETF | 1.10% | 1.46% | 1.85% | 1.85% | 2.07% | 1.39% | 1.13% | 1.67% | 2.04% | 1.50% | 1.92% | 2.29% |
Frequently Asked Questions
With a correlation of 0.96, IDFF.L and HSXD.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, HSXD.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HSXD.L is cheaper with a 0.25% expense ratio, compared with 0.74% for IDFF.L.
IDFF.L tracks iShares MSCI AC Far East ex-Japan UCITS ETF, while HSXD.L tracks HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.74% for IDFF.L and 0.25% for HSXD.L.
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