IDPE.L vs. HKOD.L
IDPE.L (iShares Listed Private Equity UCITS ETF) and HKOD.L (HSBC MSCI KOREA CAPPED UCITS ETF) are both Global Equities funds - IDPE.L tracks the iShares Listed Private Equity UCITS ETF while HKOD.L tracks the HSBC MSCI KOREA CAPPED UCITS ETF. Both are passively managed. Over the past 10 years, IDPE.L returned 10.74%/yr vs 14.34%/yr for HKOD.L. A 0.58 correlation means they provide meaningful diversification when combined. IDPE.L charges 0.75%/yr vs 0.50%/yr for HKOD.L.
Performance
IDPE.L vs. HKOD.L - Performance Comparison
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Returns By Period
In the year-to-date period, IDPE.L achieves a -11.49% return, which is significantly lower than HKOD.L's 70.37% return. Over the past 10 years, IDPE.L has underperformed HKOD.L with an annualized return of 10.74%, while HKOD.L has yielded a comparatively higher 14.34% annualized return.
IDPE.L
- 1D
- -1.01%
- 1M
- -0.03%
- 6M
- -12.08%
- YTD
- -11.49%
- 1Y
- -14.17%
- 3Y*
- 9.57%
- 5Y*
- 4.44%
- 10Y*
- 10.74%
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%
IDPE.L vs. HKOD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDPE.L iShares Listed Private Equity UCITS ETF | -11.49% | 1.30% | 23.80% | 39.29% | -28.48% | 41.86% | 4.59% | 43.87% | -13.92% | 25.05% |
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 IDPE.L and HKOD.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2011 | 0.58 |
Over the past year, the correlation between IDPE.L and HKOD.L has dropped to 0.38 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
IDPE.L vs. HKOD.L — Risk / Return Rank
IDPE.L
HKOD.L
IDPE.L vs. HKOD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Listed Private Equity UCITS ETF (IDPE.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.
| IDPE.L | HKOD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.79 | ||
| Sortino ratioReturn per unit of downside risk | -4.13 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.45 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 5.77 | -6.38 |
| Martin ratioReturn relative to average drawdown | -1.08 | 17.93 | -19.01 |
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Drawdowns
IDPE.L vs. HKOD.L - Drawdown Comparison
The maximum IDPE.L drawdown since its inception was -82.58%, 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 IDPE.L and HKOD.L.
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Drawdown Indicators
| IDPE.L | HKOD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.58% | -50.54% | -32.04% |
Max Drawdown (1Y)Largest decline over 1 year | -24.69% | -24.00% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -25.17% | -29.48% | +4.31% |
Max Drawdown (5Y)Largest decline over 5 years | -38.86% | -47.65% | +8.79% |
Max Drawdown (10Y)Largest decline over 10 years | -50.36% | -50.54% | +0.18% |
Current DrawdownCurrent decline from peak | -17.97% | -24.00% | +6.03% |
Average DrawdownAverage peak-to-trough decline | -20.32% | -18.79% | -1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.84% | 7.75% | +6.09% |
Volatility
IDPE.L vs. HKOD.L - Volatility Comparison
The current volatility for iShares Listed Private Equity UCITS ETF (IDPE.L) is 5.95%, while HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.L) has a volatility of 20.20%. This indicates that IDPE.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
| IDPE.L | HKOD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.95% | 20.20% | -14.25% |
Volatility (6M)Calculated over the trailing 6-month period | 16.89% | 41.23% | -24.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.86% | 45.10% | -24.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.37% | 29.74% | -7.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.11% | 26.96% | -4.85% |
IDPE.L vs. HKOD.L - Expense Ratio Comparison
IDPE.L has a 0.75% expense ratio, which is higher than HKOD.L's 0.50% expense ratio.
Dividends
IDPE.L vs. HKOD.L - Dividend Comparison
IDPE.L's dividend yield for the trailing twelve months is around 3.83%, 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% |
IDPE.L iShares Listed Private Equity UCITS ETF | 3.83% | 2.96% | 3.03% | 3.35% | 4.36% | 2.54% | 3.56% | 3.25% | 5.05% | 4.96% | 4.33% | 5.53% |
Frequently Asked Questions
IDPE.L and HKOD.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HKOD.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HKOD.L is cheaper with a 0.50% expense ratio, compared with 0.75% for IDPE.L.
IDPE.L tracks iShares Listed Private Equity 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: 0.75% for IDPE.L and 0.50% for HKOD.L.
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