IMBS.L vs. HKOD.L
IMBS.L (iShares US Mortgage Backed Securities UCITS ETF USD (Dist)) and HKOD.L (HSBC MSCI KOREA CAPPED UCITS ETF) are both Global Equities funds - IMBS.L tracks the iShares US Mortgage Backed Securities UCITS ETF USD (Dist) while HKOD.L tracks the HSBC MSCI KOREA CAPPED UCITS ETF. Both are passively managed. Over the past 10 years, IMBS.L returned 1.01%/yr vs 14.34%/yr for HKOD.L. At a 0.11 correlation, their price movements are largely independent. IMBS.L charges 0.28%/yr vs 0.50%/yr for HKOD.L.
Performance
IMBS.L vs. HKOD.L - Performance Comparison
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Returns By Period
In the year-to-date period, IMBS.L achieves a -0.33% return, which is significantly lower than HKOD.L's 70.37% return. Over the past 10 years, IMBS.L has underperformed HKOD.L with an annualized return of 1.01%, while HKOD.L has yielded a comparatively higher 14.34% annualized return.
IMBS.L
- 1D
- -0.04%
- 1M
- -0.33%
- 6M
- -0.09%
- YTD
- -0.33%
- 1Y
- 5.49%
- 3Y*
- 4.05%
- 5Y*
- 0.06%
- 10Y*
- 1.01%
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%
IMBS.L vs. HKOD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMBS.L iShares US Mortgage Backed Securities UCITS ETF USD (Dist) | -0.33% | 8.60% | 1.54% | 3.57% | -11.37% | -1.69% | 4.04% | 6.52% | -0.09% | 2.90% |
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 IMBS.L and HKOD.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.11 |
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Return for Risk
IMBS.L vs. HKOD.L — Risk / Return Rank
IMBS.L
HKOD.L
IMBS.L vs. HKOD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Mortgage Backed Securities UCITS ETF USD (Dist) (IMBS.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.
| IMBS.L | HKOD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.45 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 5.77 | -4.18 |
| Martin ratioReturn relative to average drawdown | 5.11 | 17.93 | -12.82 |
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Drawdowns
IMBS.L vs. HKOD.L - Drawdown Comparison
The maximum IMBS.L drawdown since its inception was -18.09%, smaller than the maximum HKOD.L drawdown of -50.54%. Use the drawdown chart below to compare losses from any high point for IMBS.L and HKOD.L.
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Drawdown Indicators
| IMBS.L | HKOD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.09% | -50.54% | +32.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -24.00% | +20.74% |
Max Drawdown (3Y)Largest decline over 3 years | -7.51% | -29.48% | +21.97% |
Max Drawdown (5Y)Largest decline over 5 years | -17.67% | -47.65% | +29.98% |
Max Drawdown (10Y)Largest decline over 10 years | -18.09% | -50.54% | +32.45% |
Current DrawdownCurrent decline from peak | -1.49% | -24.00% | +22.51% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -18.79% | +14.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 7.75% | -6.73% |
Volatility
IMBS.L vs. HKOD.L - Volatility Comparison
The current volatility for iShares US Mortgage Backed Securities UCITS ETF USD (Dist) (IMBS.L) is 1.37%, while HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.L) has a volatility of 20.20%. This indicates that IMBS.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
| IMBS.L | HKOD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 20.20% | -18.83% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 41.23% | -37.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.17% | 45.10% | -38.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.77% | 29.74% | -21.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.35% | 26.96% | -20.61% |
IMBS.L vs. HKOD.L - Expense Ratio Comparison
IMBS.L has a 0.28% expense ratio, which is lower than HKOD.L's 0.50% expense ratio.
Dividends
IMBS.L vs. HKOD.L - Dividend Comparison
IMBS.L's dividend yield for the trailing twelve months is around 3.74%, more than HKOD.L's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IMBS.L iShares US Mortgage Backed Securities UCITS ETF USD (Dist) | 3.74% | 3.58% | 3.55% | 3.23% | 2.42% | 2.24% | 2.56% | 2.99% | 3.04% | 2.89% | 1.53% |
Frequently Asked Questions
IMBS.L and HKOD.L have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IMBS.L is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IMBS.L is cheaper with a 0.28% expense ratio, compared with 0.50% for HKOD.L.
IMBS.L tracks iShares US Mortgage Backed Securities UCITS ETF USD (Dist), while HKOD.L tracks HSBC MSCI KOREA CAPPED UCITS ETF. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.28% for IMBS.L and 0.50% for HKOD.L.
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