IWRD.L vs. HMWO.L
Compare and contrast key facts about iShares MSCI World UCITS (IWRD.L) and HSBC MSCI World UCITS ETF (HMWO.L).
IWRD.L and HMWO.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWRD.L is a passively managed fund by iShares that tracks the performance of the MSCI ACWI NR USD. It was launched on Oct 28, 2005. HMWO.L is a passively managed fund by HSBC that tracks the performance of the MSCI ACWI NR USD. It was launched on Dec 8, 2010. Both IWRD.L and HMWO.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IWRD.L or HMWO.L.
Key characteristics
| IWRD.L | HMWO.L | |
|---|---|---|
| YTD Return | 20.20% | 20.09% |
| 1Y Return | 26.83% | 26.69% |
| 3Y Return (Ann) | 9.05% | 9.01% |
| 5Y Return (Ann) | 12.86% | 12.91% |
| 10Y Return (Ann) | 12.72% | 12.45% |
| Sharpe Ratio | 2.62 | 2.59 |
| Sortino Ratio | 3.67 | 3.63 |
| Omega Ratio | 1.50 | 1.50 |
| Calmar Ratio | 4.27 | 4.13 |
| Martin Ratio | 18.78 | 18.71 |
| Ulcer Index | 1.40% | 1.40% |
| Daily Std Dev | 10.00% | 10.07% |
| Max Drawdown | -37.12% | -25.48% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between IWRD.L and HMWO.L is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IWRD.L vs. HMWO.L - Performance Comparison
The year-to-date returns for both stocks are quite close, with IWRD.L having a 20.20% return and HMWO.L slightly lower at 20.09%. Both investments have delivered pretty close results over the past 10 years, with IWRD.L having a 12.72% annualized return and HMWO.L not far behind at 12.45%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IWRD.L vs. HMWO.L - Expense Ratio Comparison
IWRD.L has a 0.50% expense ratio, which is higher than HMWO.L's 0.15% expense ratio.
Risk-Adjusted Performance
IWRD.L vs. HMWO.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World UCITS (IWRD.L) and HSBC MSCI World UCITS ETF (HMWO.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.
Dividends
IWRD.L vs. HMWO.L - Dividend Comparison
IWRD.L's dividend yield for the trailing twelve months is around 1.36%, less than HMWO.L's 1.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWRD.L iShares MSCI World UCITS | 1.36% | 1.65% | 1.76% | 1.41% | 1.55% | 2.13% | 2.39% | 2.13% | 2.18% | 2.72% | 2.63% | 2.82% |
HMWO.L HSBC MSCI World UCITS ETF | 1.42% | 1.60% | 1.75% | 1.27% | 1.55% | 1.97% | 2.11% | 1.91% | 1.84% | 1.86% | 1.72% | 1.95% |
Drawdowns
IWRD.L vs. HMWO.L - Drawdown Comparison
The maximum IWRD.L drawdown since its inception was -37.12%, which is greater than HMWO.L's maximum drawdown of -25.48%. Use the drawdown chart below to compare losses from any high point for IWRD.L and HMWO.L. For additional features, visit the drawdowns tool.
Volatility
IWRD.L vs. HMWO.L - Volatility Comparison
iShares MSCI World UCITS (IWRD.L) and HSBC MSCI World UCITS ETF (HMWO.L) have volatilities of 2.90% and 2.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.