IGLS.L vs. HMWO.L
Compare and contrast key facts about iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) and HSBC MSCI World UCITS ETF (HMWO.L).
IGLS.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. IGLS.L is a passively managed fund by iShares that tracks the performance of the FTSE Act UK Cnvt Gilts All Stocks TR GBP. It was launched on Apr 17, 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 IGLS.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: IGLS.L or HMWO.L.
Key characteristics
| IGLS.L | HMWO.L | |
|---|---|---|
| YTD Return | 2.72% | 12.52% |
| 1Y Return | 6.33% | 18.19% |
| 3Y Return (Ann) | 0.51% | 9.08% |
| 5Y Return (Ann) | 0.40% | 11.33% |
| 10Y Return (Ann) | 0.79% | 12.05% |
| Sharpe Ratio | 2.65 | 1.79 |
| Daily Std Dev | 2.23% | 10.47% |
| Max Drawdown | -9.54% | -25.48% |
| Current Drawdown | 0.00% | -0.93% |
Correlation
The correlation between IGLS.L and HMWO.L is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IGLS.L vs. HMWO.L - Performance Comparison
In the year-to-date period, IGLS.L achieves a 2.72% return, which is significantly lower than HMWO.L's 12.52% return. Over the past 10 years, IGLS.L has underperformed HMWO.L with an annualized return of 0.79%, while HMWO.L has yielded a comparatively higher 12.05% 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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IGLS.L vs. HMWO.L - Expense Ratio Comparison
IGLS.L has a 0.07% expense ratio, which is lower than HMWO.L's 0.15% expense ratio. Despite the difference, 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
IGLS.L vs. HMWO.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.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
IGLS.L vs. HMWO.L - Dividend Comparison
IGLS.L's dividend yield for the trailing twelve months is around 3.67%, more than HMWO.L's 1.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 3.67% | 1.62% | 0.30% | 0.25% | 0.53% | 0.46% | 0.33% | 0.53% | 0.88% | 0.48% | 0.78% | 0.59% |
HMWO.L HSBC MSCI World UCITS ETF | 1.51% | 1.60% | 1.75% | 1.27% | 1.55% | 1.97% | 2.11% | 1.91% | 1.84% | 1.86% | 1.72% | 1.95% |
Drawdowns
IGLS.L vs. HMWO.L - Drawdown Comparison
The maximum IGLS.L drawdown since its inception was -9.54%, smaller than the maximum HMWO.L drawdown of -25.48%. Use the drawdown chart below to compare losses from any high point for IGLS.L and HMWO.L. For additional features, visit the drawdowns tool.
Volatility
IGLS.L vs. HMWO.L - Volatility Comparison
The current volatility for iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) is 1.84%, while HSBC MSCI World UCITS ETF (HMWO.L) has a volatility of 4.04%. This indicates that IGLS.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.