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IWDA.L vs. HUKX.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWDA.L vs. HUKX.L

Last updated Jun 14, 2026

IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and HUKX.L (HSBC FTSE 100 UCITS ETF GBP) are both exchange-traded funds - IWDA.L is a Global Equities fund tracking the MSCI World Index (Net), while HUKX.L is a Europe Equities fund tracking the FTSE AllSh TR GBP. Both are passively managed. Over the past 10 years, IWDA.L returned 13.34%/yr vs 9.25%/yr for HUKX.L. A 0.68 correlation means they provide meaningful diversification when combined. IWDA.L charges 0.20%/yr vs 0.07%/yr for HUKX.L.

Performance

IWDA.L vs. HUKX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) and HSBC FTSE 100 UCITS ETF GBP (HUKX.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IWDA.L is traded in USD, while HUKX.L is traded in GBp. To make them comparable, the HUKX.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IWDA.L achieves a 8.48% return, which is significantly higher than HUKX.L's 6.26% return. Over the past 10 years, IWDA.L has outperformed HUKX.L with an annualized return of 13.34%, while HUKX.L has yielded a comparatively lower 9.25% annualized return.

IWDA.L

1D
2.15%
1M
-0.15%
YTD
8.48%
6M
9.90%
1Y
23.88%
3Y*
19.55%
5Y*
11.47%
10Y*
13.34%

HUKX.L

1D
1.31%
1M
0.83%
YTD
6.26%
6M
10.20%
1Y
20.11%
3Y*
17.51%
5Y*
10.72%
10Y*
9.25%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWDA.L vs. HUKX.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		8.48%21.03%19.11%24.27%-18.11%22.19%16.06%27.13%-9.01%22.75%
HUKX.L
HSBC FTSE 100 UCITS ETF GBP		6.26%35.72%7.75%13.02%-6.16%16.48%-8.93%22.13%-13.84%23.09%

Correlation

The correlation between IWDA.L and HUKX.L is 0.66, 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

0.66

Correlation (3Y)
Calculated over the trailing 3-year period

0.65

Correlation (5Y)
Calculated over the trailing 5-year period

0.70

Correlation (10Y)
Calculated over the trailing 10-year period

0.72

Correlation (All Time)
Calculated using the full available price history since Sep 25, 2009

0.68

The correlation between IWDA.L and HUKX.L has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.

IWDA.L vs. HUKX.L - Sectors Allocation Comparison

Sectors
IWDA.L
HUKX.L

Technology

33.9%
0.3%

Financial Services

14.9%
26.4%

Industrials

9.6%
13.0%

Communication Services

9.4%
2.3%

Healthcare

8.9%
12.4%

Consumer Cyclical

8.5%
4.7%

Consumer Defensive

4.7%
13.1%

Energy

4.1%
10.9%

Basic Materials

2.5%
9.0%

Utilities

2.1%
4.6%

Real Estate

1.2%
1.0%

Technology

IWDA.L
33.9%
HUKX.L
0.3%

Financial Services

IWDA.L
14.9%
HUKX.L
26.4%

Industrials

IWDA.L
9.6%
HUKX.L
13.0%

Communication Services

IWDA.L
9.4%
HUKX.L
2.3%

Healthcare

IWDA.L
8.9%
HUKX.L
12.4%

Consumer Cyclical

IWDA.L
8.5%
HUKX.L
4.7%

Consumer Defensive

IWDA.L
4.7%
HUKX.L
13.1%

Energy

IWDA.L
4.1%
HUKX.L
10.9%

Basic Materials

IWDA.L
2.5%
HUKX.L
9.0%

Utilities

IWDA.L
2.1%
HUKX.L
4.6%

Real Estate

IWDA.L
1.2%
HUKX.L
1.0%

Compare stocks, funds, or ETFs

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iShares Core MSCI World UCITS ETF USD (Acc)

HSBC FTSE 100 UCITS ETF GBP

Often compared with IWDA.L:
IWDA.L vs. VWCE.DEIWDA.L vs. SWDA.LIWDA.L vs. VWRP.LIWDA.L vs. VUAA.LIWDA.L vs. URTHIWDA.L vs. ACWI.LIWDA.L vs. SPY
Often compared with HUKX.L:
HUKX.L vs. ISF.LHUKX.L vs. VUKG.LHUKX.L vs. VFWAXHUKX.L vs. EUDVHUKX.L vs. LDUK.LHUKX.L vs. HSPD.LHUKX.L vs. LDEG.L

Return for Risk

IWDA.L vs. HUKX.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWDA.L
IWDA.L Risk / Return Rank: 6969
Overall Rank
IWDA.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IWDA.L Sortino Ratio Rank: 7575
Sortino Ratio Rank
IWDA.L Omega Ratio Rank: 6666
Omega Ratio Rank
IWDA.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
IWDA.L Martin Ratio Rank: 7272
Martin Ratio Rank
HUKX.L
HUKX.L Risk / Return Rank: 6262
Overall Rank
HUKX.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
HUKX.L Sortino Ratio Rank: 6767
Sortino Ratio Rank
HUKX.L Omega Ratio Rank: 6868
Omega Ratio Rank
HUKX.L Calmar Ratio Rank: 5454
Calmar Ratio Rank
HUKX.L Martin Ratio Rank: 5252
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IWDA.L vs. HUKX.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 FTSE 100 UCITS ETF GBP (HUKX.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.LHUKX.LDifference
Sharpe ratioReturn per unit of total volatility
1.90
1.41

+0.48

Sortino ratioReturn per unit of downside risk
2.88
2.01

+0.87

Omega ratioGain probability vs. loss probability

1.34

1.26

+0.08

Calmar ratioReturn relative to maximum drawdown

2.80

1.95

+0.85

Martin ratioReturn relative to average drawdown

11.55

6.55

+5.00

IWDA.L vs. HUKX.L - Sharpe Ratio Comparison

The current IWDA.L Sharpe Ratio is 1.90, which is higher than the HUKX.L Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of IWDA.L and HUKX.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IWDA.L vs. HUKX.L - Drawdown Comparison

The maximum IWDA.L drawdown since its inception was -34.11%, smaller than the maximum HUKX.L drawdown of -42.05%. Use the drawdown chart below to compare losses from any high point for IWDA.L and HUKX.L.

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Drawdown Indicators

IWDA.LHUKX.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.11%

-42.05%

+7.94%

Max Drawdown (1Y)

Largest decline over 1 year

-8.31%

-9.74%

+1.43%

Max Drawdown (3Y)

Largest decline over 3 years

-16.94%

-13.28%

-3.66%

Max Drawdown (5Y)

Largest decline over 5 years

-25.88%

-26.01%

+0.13%

Max Drawdown (10Y)

Largest decline over 10 years

-34.11%

-42.05%

+7.94%

Current Drawdown

Current decline from peak

-1.65%

-3.55%

+1.90%

Average Drawdown

Average peak-to-trough decline

-4.41%

-7.74%

+3.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.02%

2.90%

-0.88%

Volatility

IWDA.L vs. HUKX.L - Volatility Comparison

The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) is 3.96%, while HSBC FTSE 100 UCITS ETF GBP (HUKX.L) has a volatility of 4.43%. This indicates that IWDA.L experiences smaller price fluctuations and is considered to be less risky than HUKX.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.LHUKX.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.96%

4.43%

-0.47%

Volatility (6M)

Calculated over the trailing 6-month period

9.61%

11.39%

-1.78%

Volatility (1Y)

Calculated over the trailing 1-year period

12.26%

13.46%

-1.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.72%

16.42%

-0.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.92%

18.17%

-2.25%

IWDA.L vs. HUKX.L - Expense Ratio Comparison

IWDA.L has a 0.20% expense ratio, which is higher than HUKX.L's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IWDA.L vs. HUKX.L - Dividend Comparison

IWDA.L has not paid dividends to shareholders, while HUKX.L's dividend yield for the trailing twelve months is around 2.83%.

PositionTTM20252024202320222021202020192018201720162015
HUKX.L
HSBC FTSE 100 UCITS ETF GBP		2.83%2.95%3.74%3.50%3.63%3.19%4.04%4.31%4.35%3.79%3.49%3.79%
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%0.00%0.00%

Frequently Asked Questions

IWDA.L and HUKX.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HUKX.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HUKX.L is cheaper with a 0.07% expense ratio, compared with 0.20% for IWDA.L.

IWDA.L is categorized as Global Equities, while HUKX.L is Europe Equities. IWDA.L tracks MSCI World Index (Net), while HUKX.L tracks FTSE AllSh TR GBP. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.20% for IWDA.L and 0.07% for HUKX.L.

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