IJPH.L vs. HMWO.L
Compare and contrast key facts about iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.L) and HSBC MSCI World UCITS ETF (HMWO.L).
IJPH.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. IJPH.L is a passively managed fund by iShares that tracks the performance of the MSCI Japan 100% Hedged to GBP Index. It was launched on Jul 31, 2012. 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 IJPH.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: IJPH.L or HMWO.L.
Key characteristics
| IJPH.L | HMWO.L | |
|---|---|---|
| YTD Return | 12.03% | 12.19% |
| 1Y Return | 12.44% | 17.07% |
| 3Y Return (Ann) | 11.45% | 8.92% |
| 5Y Return (Ann) | 13.15% | 11.21% |
| 10Y Return (Ann) | 8.71% | 12.03% |
| Sharpe Ratio | 0.60 | 1.67 |
| Daily Std Dev | 20.86% | 10.49% |
| Max Drawdown | -34.54% | -25.48% |
| Current Drawdown | -13.77% | -1.22% |
Correlation
The correlation between IJPH.L and HMWO.L is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IJPH.L vs. HMWO.L - Performance Comparison
The year-to-date returns for both investments are quite close, with IJPH.L having a 12.03% return and HMWO.L slightly higher at 12.19%. Over the past 10 years, IJPH.L has underperformed HMWO.L with an annualized return of 8.71%, 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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IJPH.L vs. HMWO.L - Expense Ratio Comparison
IJPH.L has a 0.64% expense ratio, which is higher than HMWO.L's 0.15% expense ratio.
Risk-Adjusted Performance
IJPH.L vs. HMWO.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.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
IJPH.L vs. HMWO.L - Dividend Comparison
IJPH.L has not paid dividends to shareholders, while HMWO.L's dividend yield for the trailing twelve months is around 1.52%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJPH.L iShares MSCI Japan GBP Hedged 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% |
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
IJPH.L vs. HMWO.L - Drawdown Comparison
The maximum IJPH.L drawdown since its inception was -34.54%, 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 IJPH.L and HMWO.L. For additional features, visit the drawdowns tool.
Volatility
IJPH.L vs. HMWO.L - Volatility Comparison
iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.L) has a higher volatility of 8.24% compared to HSBC MSCI World UCITS ETF (HMWO.L) at 4.18%. This indicates that IJPH.L's price experiences larger fluctuations and is considered to be riskier than HMWO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.