IWFQ.L vs. HKOD.L
IWFQ.L (iShares MSCI World Quality Factor UCITS) and HKOD.L (HSBC MSCI KOREA CAPPED UCITS ETF) are both Global Equities funds - IWFQ.L tracks the MSCI ACWI NR USD while HKOD.L tracks the HSBC MSCI KOREA CAPPED UCITS ETF. Both are passively managed. Over the past 10 years, IWFQ.L returned 12.21%/yr vs 14.29%/yr for HKOD.L. A 0.54 correlation means they provide meaningful diversification when combined. IWFQ.L charges 0.30%/yr vs 0.50%/yr for HKOD.L.
Performance
IWFQ.L vs. HKOD.L - Performance Comparison
Loading charts...
Different Trading Currencies
IWFQ.L is traded in GBp, while HKOD.L is traded in USD. To make them comparable, the HKOD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IWFQ.L achieves a 10.34% return, which is significantly lower than HKOD.L's 72.55% return. Over the past 10 years, IWFQ.L has underperformed HKOD.L with an annualized return of 12.21%, while HKOD.L has yielded a comparatively higher 14.29% annualized return.
IWFQ.L
- 1D
- -0.35%
- 1M
- 0.31%
- 6M
- 8.68%
- YTD
- 10.34%
- 1Y
- 20.01%
- 3Y*
- 15.88%
- 5Y*
- 10.66%
- 10Y*
- 12.21%
HKOD.L
- 1D
- 0.00%
- 1M
- -19.96%
- 6M
- 54.32%
- YTD
- 72.55%
- 1Y
- 140.31%
- 3Y*
- 37.06%
- 5Y*
- 15.49%
- 10Y*
- 14.29%
IWFQ.L vs. HKOD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWFQ.L iShares MSCI World Quality Factor UCITS | 10.34% | 7.40% | 18.93% | 19.15% | -9.55% | 25.17% | 10.93% | 25.86% | -2.34% | 12.47% |
HKOD.L HSBC MSCI KOREA CAPPED UCITS ETF | 72.55% | 85.32% | -21.55% | 13.96% | -19.93% | -7.62% | 40.82% | 6.43% | -16.38% | 33.19% |
Correlation
The correlation between IWFQ.L and HKOD.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.54 |
The correlation between IWFQ.L and HKOD.L shifts across timeframes, from 0.41 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IWFQ.L vs. HKOD.L — Risk / Return Rank
IWFQ.L
HKOD.L
IWFQ.L vs. HKOD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Quality Factor UCITS (IWFQ.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.
| IWFQ.L | HKOD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.47 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 5.73 | -2.89 |
| Martin ratioReturn relative to average drawdown | 12.06 | 18.17 | -6.11 |
Loading charts...
Drawdowns
IWFQ.L vs. HKOD.L - Drawdown Comparison
The maximum IWFQ.L drawdown since its inception was -40.49%, smaller than the maximum HKOD.L drawdown of -44.38%. Use the drawdown chart below to compare losses from any high point for IWFQ.L and HKOD.L.
Loading charts...
Drawdown Indicators
| IWFQ.L | HKOD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.49% | -44.38% | +3.89% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -24.53% | +17.52% |
Max Drawdown (3Y)Largest decline over 3 years | -20.20% | -29.12% | +8.92% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | -39.67% | +19.47% |
Max Drawdown (10Y)Largest decline over 10 years | -23.91% | -44.38% | +20.47% |
Current DrawdownCurrent decline from peak | -0.89% | -24.53% | +23.64% |
Average DrawdownAverage peak-to-trough decline | -8.92% | -15.51% | +6.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 7.76% | -6.10% |
Volatility
IWFQ.L vs. HKOD.L - Volatility Comparison
The current volatility for iShares MSCI World Quality Factor UCITS (IWFQ.L) is 2.57%, while HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.L) has a volatility of 20.24%. This indicates that IWFQ.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.
Loading charts...
Volatility by Period
| IWFQ.L | HKOD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | 20.24% | -17.67% |
Volatility (6M)Calculated over the trailing 6-month period | 7.40% | 40.06% | -32.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.91% | 43.91% | -34.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.21% | 28.07% | -8.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 25.99% | -8.73% |
IWFQ.L vs. HKOD.L - Expense Ratio Comparison
IWFQ.L has a 0.30% expense ratio, which is lower than HKOD.L's 0.50% expense ratio.
Dividends
IWFQ.L vs. HKOD.L - Dividend Comparison
IWFQ.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% |
IWFQ.L iShares MSCI World Quality Factor UCITS | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IWFQ.L and HKOD.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWFQ.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWFQ.L is cheaper with a 0.30% expense ratio, compared with 0.50% for HKOD.L.
IWFQ.L tracks MSCI ACWI NR USD, while HKOD.L tracks HSBC MSCI KOREA CAPPED UCITS ETF. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.30% for IWFQ.L and 0.50% for HKOD.L.
Find the right allocation for IWFQ.L and HKOD.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer