IDNA.L vs. HKOD.L
IDNA.L (iShares MSCI North America UCITS ETF) and HKOD.L (HSBC MSCI KOREA CAPPED UCITS ETF) are both Global Equities funds - IDNA.L tracks the iShares MSCI North America UCITS ETF while HKOD.L tracks the HSBC MSCI KOREA CAPPED UCITS ETF. Both are passively managed. Over the past 10 years, IDNA.L returned 14.35%/yr vs 14.34%/yr for HKOD.L. A 0.62 correlation means they provide meaningful diversification when combined. IDNA.L charges 0.40%/yr vs 0.50%/yr for HKOD.L.
Performance
IDNA.L vs. HKOD.L - Performance Comparison
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Returns By Period
In the year-to-date period, IDNA.L achieves a 10.19% return, which is significantly lower than HKOD.L's 70.37% return. Both investments have delivered pretty close results over the past 10 years, with IDNA.L having a 14.35% annualized return and HKOD.L not far behind at 14.34%.
IDNA.L
- 1D
- 0.17%
- 1M
- 0.35%
- 6M
- 9.68%
- YTD
- 10.19%
- 1Y
- 21.59%
- 3Y*
- 19.80%
- 5Y*
- 12.29%
- 10Y*
- 14.35%
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%
IDNA.L vs. HKOD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDNA.L iShares MSCI North America UCITS ETF | 10.19% | 17.55% | 24.50% | 26.38% | -19.84% | 27.07% | 19.54% | 30.25% | -6.70% | 21.02% |
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 IDNA.L and HKOD.L is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2011 | 0.62 |
The correlation between IDNA.L and HKOD.L has been stable across timeframes, ranging from 0.56 to 0.62 - a consistent structural relationship.
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Return for Risk
IDNA.L vs. HKOD.L — Risk / Return Rank
IDNA.L
HKOD.L
IDNA.L vs. HKOD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI North America UCITS ETF (IDNA.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.
| IDNA.L | HKOD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.45 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 5.77 | -3.12 |
| Martin ratioReturn relative to average drawdown | 10.76 | 17.93 | -7.16 |
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Drawdowns
IDNA.L vs. HKOD.L - Drawdown Comparison
The maximum IDNA.L drawdown since its inception was -56.08%, which is greater than HKOD.L's maximum drawdown of -50.54%. Use the drawdown chart below to compare losses from any high point for IDNA.L and HKOD.L.
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Drawdown Indicators
| IDNA.L | HKOD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.08% | -50.54% | -5.54% |
Max Drawdown (1Y)Largest decline over 1 year | -8.35% | -24.00% | +15.65% |
Max Drawdown (3Y)Largest decline over 3 years | -18.54% | -29.48% | +10.94% |
Max Drawdown (5Y)Largest decline over 5 years | -25.10% | -47.65% | +22.55% |
Max Drawdown (10Y)Largest decline over 10 years | -34.62% | -50.54% | +15.92% |
Current DrawdownCurrent decline from peak | -0.37% | -24.00% | +23.63% |
Average DrawdownAverage peak-to-trough decline | -8.95% | -18.79% | +9.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 7.75% | -5.68% |
Volatility
IDNA.L vs. HKOD.L - Volatility Comparison
The current volatility for iShares MSCI North America UCITS ETF (IDNA.L) is 2.95%, while HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.L) has a volatility of 20.20%. This indicates that IDNA.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
| IDNA.L | HKOD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | 20.20% | -17.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.26% | 41.23% | -31.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.07% | 45.10% | -33.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 29.74% | -13.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.20% | 26.96% | -10.76% |
IDNA.L vs. HKOD.L - Expense Ratio Comparison
IDNA.L has a 0.40% expense ratio, which is lower than HKOD.L's 0.50% expense ratio.
Dividends
IDNA.L vs. HKOD.L - Dividend Comparison
IDNA.L's dividend yield for the trailing twelve months is around 0.60%, more than HKOD.L's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
IDNA.L iShares MSCI North America UCITS ETF | 0.60% | 0.66% | 0.77% | 0.96% | 1.13% | 0.76% | 1.03% | 1.23% | 1.45% | 1.27% | 1.42% | 1.56% |
Frequently Asked Questions
IDNA.L and HKOD.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IDNA.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDNA.L is cheaper with a 0.40% expense ratio, compared with 0.50% for HKOD.L.
IDNA.L tracks iShares MSCI North America UCITS ETF, while HKOD.L tracks HSBC MSCI KOREA CAPPED UCITS ETF. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.40% for IDNA.L and 0.50% for HKOD.L.
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