IWVU.L vs. HKOD.L
IWVU.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) and HKOD.L (HSBC MSCI KOREA CAPPED UCITS ETF) are both Global Equities funds - IWVU.L tracks the iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) while HKOD.L tracks the HSBC MSCI KOREA CAPPED UCITS ETF. Both are passively managed. Over the past 5 years, IWVU.L returned 16.33%/yr vs 14.71%/yr for HKOD.L. A 0.64 correlation means they provide meaningful diversification when combined. IWVU.L charges 0.30%/yr vs 0.50%/yr for HKOD.L.
Performance
IWVU.L vs. HKOD.L - Performance Comparison
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Returns By Period
In the year-to-date period, IWVU.L achieves a 28.22% return, which is significantly lower than HKOD.L's 70.37% return.
IWVU.L
- 1D
- -0.53%
- 1M
- -4.95%
- 6M
- 24.05%
- YTD
- 28.22%
- 1Y
- 55.13%
- 3Y*
- 26.33%
- 5Y*
- 16.33%
- 10Y*
- —
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%
IWVU.L vs. HKOD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IWVU.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 28.22% | 40.59% | 4.85% | 19.74% | -9.88% | 20.13% | -3.59% | 18.01% | -15.78% |
HKOD.L HSBC MSCI KOREA CAPPED UCITS ETF | 70.37% | 99.54% | -22.90% | 19.95% | -28.44% | -8.49% | 45.08% | 10.64% | -19.88% |
Correlation
The correlation between IWVU.L and HKOD.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2018 | 0.64 |
The correlation between IWVU.L and HKOD.L has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.
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Return for Risk
IWVU.L vs. HKOD.L — Risk / Return Rank
IWVU.L
HKOD.L
IWVU.L vs. HKOD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVU.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.
| IWVU.L | HKOD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.45 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 6.52 | 5.77 | +0.75 |
| Martin ratioReturn relative to average drawdown | 22.24 | 17.93 | +4.32 |
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Drawdowns
IWVU.L vs. HKOD.L - Drawdown Comparison
The maximum IWVU.L drawdown since its inception was -36.21%, smaller than the maximum HKOD.L drawdown of -50.54%. Use the drawdown chart below to compare losses from any high point for IWVU.L and HKOD.L.
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Drawdown Indicators
| IWVU.L | HKOD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.21% | -50.54% | +14.33% |
Max Drawdown (1Y)Largest decline over 1 year | -8.56% | -24.00% | +15.44% |
Max Drawdown (3Y)Largest decline over 3 years | -14.45% | -29.48% | +15.03% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -47.65% | +21.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.54% | — |
Current DrawdownCurrent decline from peak | -5.33% | -24.00% | +18.67% |
Average DrawdownAverage peak-to-trough decline | -6.67% | -18.79% | +12.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 7.75% | -5.23% |
Volatility
IWVU.L vs. HKOD.L - Volatility Comparison
The current volatility for iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVU.L) is 6.26%, while HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.L) has a volatility of 20.20%. This indicates that IWVU.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
| IWVU.L | HKOD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 20.20% | -13.94% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 41.23% | -26.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.06% | 45.10% | -28.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.31% | 29.74% | -13.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 26.96% | -9.05% |
IWVU.L vs. HKOD.L - Expense Ratio Comparison
IWVU.L has a 0.30% expense ratio, which is lower than HKOD.L's 0.50% expense ratio.
Dividends
IWVU.L vs. HKOD.L - Dividend Comparison
IWVU.L's dividend yield for the trailing twelve months is around 1.92%, more than HKOD.L's 0.43% yield.
| 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% |
IWVU.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 1.92% | 2.50% | 3.17% | 3.23% | 3.17% | 2.63% | 2.25% | 2.83% | 2.51% | 0.00% |
Frequently Asked Questions
IWVU.L and HKOD.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWVU.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWVU.L is cheaper with a 0.30% expense ratio, compared with 0.50% for HKOD.L.
IWVU.L tracks iShares Edge MSCI World Value Factor UCITS ETF USD (Dist), 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 IWVU.L and 0.50% for HKOD.L.
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