INFR.L vs. HIWO.L
INFR.L (iShares Global Infrastructure UCITS ETF USD (Dist)) and HIWO.L (HSBC MSCI World Islamic Screened UCITS ETF USD Accumulating) are both exchange-traded funds - INFR.L is a Utilities Equities fund tracking the FTSE Global Core Infrastructure Index, while HIWO.L is a Global Equities fund tracking the MSCI World Islamic Universal Screened Select Index. Both are passively managed. Over the past 3 years, INFR.L returned 9.33%/yr vs 17.18%/yr for HIWO.L. At a 0.25 correlation, their price movements are largely independent. INFR.L charges 0.65%/yr vs 0.30%/yr for HIWO.L.
Performance
INFR.L vs. HIWO.L - Performance Comparison
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Different Trading Currencies
INFR.L is traded in GBp, while HIWO.L is traded in USD. To make them comparable, the HIWO.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, INFR.L achieves a 9.52% return, which is significantly lower than HIWO.L's 21.76% return.
INFR.L
- 1D
- -1.24%
- 1M
- -2.23%
- YTD
- 9.52%
- 6M
- 8.44%
- 1Y
- 16.29%
- 3Y*
- 9.33%
- 5Y*
- 7.61%
- 10Y*
- 8.66%
HIWO.L
- 1D
- -0.40%
- 1M
- 11.43%
- YTD
- 21.76%
- 6M
- 21.17%
- 1Y
- 40.55%
- 3Y*
- 17.18%
- 5Y*
- —
- 10Y*
- —
INFR.L vs. HIWO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
INFR.L iShares Global Infrastructure UCITS ETF USD (Dist) | 9.52% | 5.90% | 11.49% | -4.96% | -0.61% |
HIWO.L HSBC MSCI World Islamic Screened UCITS ETF USD Accumulating | 21.76% | 12.26% | 8.25% | 19.80% | -3.42% |
Correlation
The correlation between INFR.L and HIWO.L is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2022 | 0.25 |
Over the past year, the correlation between INFR.L and HIWO.L has dropped to 0.01 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.
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Return for Risk
INFR.L vs. HIWO.L — Risk / Return Rank
INFR.L
HIWO.L
INFR.L vs. HIWO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure UCITS ETF USD (Dist) (INFR.L) and HSBC MSCI World Islamic Screened UCITS ETF USD Accumulating (HIWO.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.
| INFR.L | HIWO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.49 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 5.90 | -2.77 |
| Martin ratioReturn relative to average drawdown | 7.96 | 19.02 | -11.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| INFR.L | HIWO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 2.74 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.72 | -0.20 |
Drawdowns
INFR.L vs. HIWO.L - Drawdown Comparison
The maximum INFR.L drawdown since its inception was -34.25%, which is greater than HIWO.L's maximum drawdown of -22.42%. Use the drawdown chart below to compare losses from any high point for INFR.L and HIWO.L.
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Drawdown Indicators
| INFR.L | HIWO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.25% | -22.42% | -11.83% |
Max Drawdown (1Y)Largest decline over 1 year | -5.19% | -6.84% | +1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -11.08% | -22.42% | +11.34% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.75% | — | — |
Current DrawdownCurrent decline from peak | -3.70% | -0.40% | -3.30% |
Average DrawdownAverage peak-to-trough decline | -6.12% | -2.91% | -3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.13% | -0.09% |
Volatility
INFR.L vs. HIWO.L - Volatility Comparison
The current volatility for iShares Global Infrastructure UCITS ETF USD (Dist) (INFR.L) is 3.92%, while HSBC MSCI World Islamic Screened UCITS ETF USD Accumulating (HIWO.L) has a volatility of 5.78%. This indicates that INFR.L experiences smaller price fluctuations and is considered to be less risky than HIWO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INFR.L | HIWO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 5.78% | -1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 8.92% | 12.09% | -3.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.49% | 14.74% | -4.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.26% | 23.04% | -10.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.10% | 23.04% | -8.94% |
INFR.L vs. HIWO.L - Expense Ratio Comparison
INFR.L has a 0.65% expense ratio, which is higher than HIWO.L's 0.30% expense ratio.
Dividends
INFR.L vs. HIWO.L - Dividend Comparison
INFR.L's dividend yield for the trailing twelve months is around 2.82%, while HIWO.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIWO.L HSBC MSCI World Islamic Screened UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
INFR.L iShares Global Infrastructure UCITS ETF USD (Dist) | 2.82% | 2.97% | 2.96% | 3.02% | 2.54% | 2.60% | 2.84% | 2.70% | 2.99% | 3.51% | 3.45% | 4.75% |
Frequently Asked Questions
INFR.L and HIWO.L have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HIWO.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HIWO.L is cheaper with a 0.30% expense ratio, compared with 0.65% for INFR.L.
INFR.L is categorized as Utilities Equities, while HIWO.L is Global Equities. INFR.L tracks FTSE Global Core Infrastructure Index, while HIWO.L tracks MSCI World Islamic Universal Screened Select Index. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.65% for INFR.L and 0.30% for HIWO.L.
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