IGLO.L vs. HMWO.L
Compare and contrast key facts about iShares Global Government Bond UCITS (IGLO.L) and HSBC MSCI World UCITS ETF (HMWO.L).
IGLO.L and HMWO.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGLO.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Global Aggregate TR USD. It was launched on Mar 6, 2009. HMWO.L is a passively managed fund by HSBC that tracks the performance of the MSCI ACWI NR USD. It was launched on Dec 8, 2010. Both IGLO.L and HMWO.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGLO.L or HMWO.L.
Key characteristics
| IGLO.L | HMWO.L | |
|---|---|---|
| YTD Return | 2.55% | 12.19% |
| 1Y Return | 8.42% | 17.07% |
| 3Y Return (Ann) | -5.34% | 8.92% |
| 5Y Return (Ann) | -2.21% | 11.21% |
| 10Y Return (Ann) | -0.33% | 12.03% |
| Sharpe Ratio | 1.16 | 1.67 |
| Daily Std Dev | 7.62% | 10.49% |
| Max Drawdown | -28.01% | -25.48% |
| Current Drawdown | -18.29% | -1.22% |
Correlation
The correlation between IGLO.L and HMWO.L is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
IGLO.L vs. HMWO.L - Performance Comparison
In the year-to-date period, IGLO.L achieves a 2.55% return, which is significantly lower than HMWO.L's 12.19% return. Over the past 10 years, IGLO.L has underperformed HMWO.L with an annualized return of -0.33%, while HMWO.L has yielded a comparatively higher 12.03% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IGLO.L vs. HMWO.L - Expense Ratio Comparison
IGLO.L has a 0.20% expense ratio, which is higher than HMWO.L's 0.15% 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%.
Risk-Adjusted Performance
IGLO.L vs. HMWO.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Government Bond UCITS (IGLO.L) and HSBC MSCI World UCITS ETF (HMWO.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.
Dividends
IGLO.L vs. HMWO.L - Dividend Comparison
IGLO.L's dividend yield for the trailing twelve months is around 2.36%, more than HMWO.L's 1.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLO.L iShares Global Government Bond UCITS | 2.36% | 1.47% | 0.78% | 0.63% | 0.99% | 1.21% | 1.07% | 0.93% | 1.09% | 0.60% | 1.52% | 1.39% |
HMWO.L HSBC MSCI World UCITS ETF | 1.52% | 1.60% | 1.75% | 1.27% | 1.55% | 1.97% | 2.11% | 1.91% | 1.84% | 1.86% | 1.72% | 1.95% |
Drawdowns
IGLO.L vs. HMWO.L - Drawdown Comparison
The maximum IGLO.L drawdown since its inception was -28.01%, which is greater than HMWO.L's maximum drawdown of -25.48%. Use the drawdown chart below to compare losses from any high point for IGLO.L and HMWO.L. For additional features, visit the drawdowns tool.
Volatility
IGLO.L vs. HMWO.L - Volatility Comparison
The current volatility for iShares Global Government Bond UCITS (IGLO.L) is 2.13%, while HSBC MSCI World UCITS ETF (HMWO.L) has a volatility of 4.18%. This indicates that IGLO.L experiences smaller price fluctuations and is considered to be less risky than HMWO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.