IWDA.L vs. HKOD.L
IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and HKOD.L (HSBC MSCI KOREA CAPPED UCITS ETF) are both Global Equities funds - IWDA.L tracks the MSCI World Index (Net) while HKOD.L tracks the HSBC MSCI KOREA CAPPED UCITS ETF. Both are passively managed. Over the past 10 years, IWDA.L returned 12.99%/yr vs 14.34%/yr for HKOD.L. A 0.63 correlation means they provide meaningful diversification when combined. IWDA.L charges 0.20%/yr vs 0.50%/yr for HKOD.L.
Performance
IWDA.L vs. HKOD.L - Performance Comparison
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Returns By Period
In the year-to-date period, IWDA.L achieves a 10.17% return, which is significantly lower than HKOD.L's 70.37% return. Over the past 10 years, IWDA.L has underperformed HKOD.L with an annualized return of 12.99%, while HKOD.L has yielded a comparatively higher 14.34% annualized return.
IWDA.L
- 1D
- 0.19%
- 1M
- 0.21%
- 6M
- 9.01%
- YTD
- 10.17%
- 1Y
- 22.01%
- 3Y*
- 18.87%
- 5Y*
- 11.60%
- 10Y*
- 12.99%
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%
IWDA.L vs. HKOD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.17% | 21.03% | 19.11% | 24.27% | -18.11% | 22.19% | 16.06% | 27.13% | -9.01% | 22.75% |
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 IWDA.L and HKOD.L is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2011 | 0.63 |
The correlation between IWDA.L and HKOD.L has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.
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Return for Risk
IWDA.L vs. HKOD.L — Risk / Return Rank
IWDA.L
HKOD.L
IWDA.L vs. HKOD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.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.
| IWDA.L | HKOD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.45 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 5.77 | -3.14 |
| Martin ratioReturn relative to average drawdown | 10.75 | 17.93 | -7.17 |
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Drawdowns
IWDA.L vs. HKOD.L - Drawdown Comparison
The maximum IWDA.L drawdown since its inception was -34.11%, smaller than the maximum HKOD.L drawdown of -50.54%. Use the drawdown chart below to compare losses from any high point for IWDA.L and HKOD.L.
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Drawdown Indicators
| IWDA.L | HKOD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.11% | -50.54% | +16.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -24.00% | +15.69% |
Max Drawdown (3Y)Largest decline over 3 years | -16.94% | -29.48% | +12.54% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -47.65% | +21.77% |
Max Drawdown (10Y)Largest decline over 10 years | -34.11% | -50.54% | +16.43% |
Current DrawdownCurrent decline from peak | -0.12% | -24.00% | +23.88% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -18.79% | +14.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 7.75% | -5.71% |
Volatility
IWDA.L vs. HKOD.L - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) is 2.72%, while HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.L) has a volatility of 20.20%. This indicates that IWDA.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
| IWDA.L | HKOD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 20.20% | -17.48% |
Volatility (6M)Calculated over the trailing 6-month period | 9.80% | 41.23% | -31.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.26% | 45.10% | -32.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.73% | 29.74% | -14.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.78% | 26.96% | -11.18% |
IWDA.L vs. HKOD.L - Expense Ratio Comparison
IWDA.L has a 0.20% expense ratio, which is lower than HKOD.L's 0.50% expense ratio.
Dividends
IWDA.L vs. HKOD.L - Dividend Comparison
IWDA.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% |
IWDA.L iShares Core MSCI World 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
IWDA.L and HKOD.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.L is cheaper with a 0.20% expense ratio, compared with 0.50% for HKOD.L.
IWDA.L tracks MSCI World Index (Net), while HKOD.L tracks HSBC MSCI KOREA CAPPED UCITS ETF. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.20% for IWDA.L and 0.50% for HKOD.L.
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