ISAG.L vs. HKOD.L
ISAG.L (iShares Agribusiness UCITS ETF USD (Acc)) and HKOD.L (HSBC MSCI KOREA CAPPED UCITS ETF) are both Global Equities funds - ISAG.L tracks the iShares Agribusiness UCITS ETF USD (Acc) while HKOD.L tracks the HSBC MSCI KOREA CAPPED UCITS ETF. Both are passively managed. Over the past 10 years, ISAG.L returned 7.24%/yr vs 14.34%/yr for HKOD.L. A 0.51 correlation means they provide meaningful diversification when combined. ISAG.L charges 0.55%/yr vs 0.50%/yr for HKOD.L.
Performance
ISAG.L vs. HKOD.L - Performance Comparison
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Returns By Period
In the year-to-date period, ISAG.L achieves a 11.78% return, which is significantly lower than HKOD.L's 70.37% return. Over the past 10 years, ISAG.L has underperformed HKOD.L with an annualized return of 7.24%, while HKOD.L has yielded a comparatively higher 14.34% annualized return.
ISAG.L
- 1D
- 0.72%
- 1M
- 1.26%
- 6M
- 5.61%
- YTD
- 11.78%
- 1Y
- 14.56%
- 3Y*
- 5.53%
- 5Y*
- 4.56%
- 10Y*
- 7.24%
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%
ISAG.L vs. HKOD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISAG.L iShares Agribusiness UCITS ETF USD (Acc) | 11.78% | 16.78% | -5.66% | -8.90% | 2.73% | 23.33% | 10.28% | 17.65% | -12.99% | 19.93% |
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 ISAG.L and HKOD.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2011 | 0.51 |
Over the past year, the correlation between ISAG.L and HKOD.L has dropped to 0.15 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
ISAG.L vs. HKOD.L — Risk / Return Rank
ISAG.L
HKOD.L
ISAG.L vs. HKOD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Agribusiness UCITS ETF USD (Acc) (ISAG.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.
| ISAG.L | HKOD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.45 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 5.77 | -4.23 |
| Martin ratioReturn relative to average drawdown | 4.36 | 17.93 | -13.56 |
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Drawdowns
ISAG.L vs. HKOD.L - Drawdown Comparison
The maximum ISAG.L drawdown since its inception was -37.16%, smaller than the maximum HKOD.L drawdown of -50.54%. Use the drawdown chart below to compare losses from any high point for ISAG.L and HKOD.L.
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Drawdown Indicators
| ISAG.L | HKOD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.16% | -50.54% | +13.38% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -24.00% | +13.83% |
Max Drawdown (3Y)Largest decline over 3 years | -19.13% | -29.48% | +10.35% |
Max Drawdown (5Y)Largest decline over 5 years | -33.22% | -47.65% | +14.43% |
Max Drawdown (10Y)Largest decline over 10 years | -37.16% | -50.54% | +13.38% |
Current DrawdownCurrent decline from peak | -7.20% | -24.00% | +16.80% |
Average DrawdownAverage peak-to-trough decline | -10.38% | -18.79% | +8.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 7.75% | -4.13% |
Volatility
ISAG.L vs. HKOD.L - Volatility Comparison
The current volatility for iShares Agribusiness UCITS ETF USD (Acc) (ISAG.L) is 2.94%, while HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.L) has a volatility of 20.20%. This indicates that ISAG.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
| ISAG.L | HKOD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 20.20% | -17.26% |
Volatility (6M)Calculated over the trailing 6-month period | 10.25% | 41.23% | -30.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.50% | 45.10% | -31.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.62% | 29.74% | -12.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.84% | 26.96% | -9.12% |
ISAG.L vs. HKOD.L - Expense Ratio Comparison
ISAG.L has a 0.55% expense ratio, which is higher than HKOD.L's 0.50% expense ratio.
Dividends
ISAG.L vs. HKOD.L - Dividend Comparison
ISAG.L has not paid dividends to shareholders, while HKOD.L's dividend yield for the trailing twelve months is around 0.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
ISAG.L iShares Agribusiness UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ISAG.L and HKOD.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HKOD.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HKOD.L is cheaper with a 0.50% expense ratio, compared with 0.55% for ISAG.L.
ISAG.L tracks iShares Agribusiness UCITS ETF USD (Acc), while HKOD.L tracks HSBC MSCI KOREA CAPPED UCITS ETF. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.55% for ISAG.L and 0.50% for HKOD.L.
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