JPJP.L vs. HMWO.L
Compare and contrast key facts about SPDR MSCI Japan UCITS ETF (JPJP.L) and HSBC MSCI World UCITS ETF (HMWO.L).
JPJP.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. JPJP.L is a passively managed fund by State Street Global Advisors Europe Limited that tracks the performance of the TOPIX TR JPY. It was launched on Nov 30, 2015. 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 JPJP.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: JPJP.L or HMWO.L.
Key characteristics
| JPJP.L | HMWO.L | |
|---|---|---|
| YTD Return | 8.48% | 19.84% |
| 1Y Return | 12.72% | 26.90% |
| 3Y Return (Ann) | 3.37% | 8.94% |
| 5Y Return (Ann) | 5.24% | 12.77% |
| Sharpe Ratio | 0.79 | 2.62 |
| Sortino Ratio | 1.14 | 3.66 |
| Omega Ratio | 1.16 | 1.50 |
| Calmar Ratio | 0.98 | 4.17 |
| Martin Ratio | 2.85 | 18.88 |
| Ulcer Index | 4.46% | 1.40% |
| Daily Std Dev | 15.97% | 10.08% |
| Max Drawdown | -24.23% | -25.48% |
| Current Drawdown | -4.12% | 0.00% |
Correlation
The correlation between JPJP.L and HMWO.L is 0.74, 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
JPJP.L vs. HMWO.L - Performance Comparison
In the year-to-date period, JPJP.L achieves a 8.48% return, which is significantly lower than HMWO.L's 19.84% return. 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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JPJP.L vs. HMWO.L - Expense Ratio Comparison
JPJP.L has a 0.12% expense ratio, which is lower than HMWO.L's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
JPJP.L vs. HMWO.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Japan UCITS ETF (JPJP.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
JPJP.L vs. HMWO.L - Dividend Comparison
JPJP.L has not paid dividends to shareholders, while HMWO.L's dividend yield for the trailing twelve months is around 1.42%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPJP.L SPDR MSCI Japan UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
JPJP.L vs. HMWO.L - Drawdown Comparison
The maximum JPJP.L drawdown since its inception was -24.23%, roughly equal to the maximum HMWO.L drawdown of -25.48%. Use the drawdown chart below to compare losses from any high point for JPJP.L and HMWO.L. For additional features, visit the drawdowns tool.
Volatility
JPJP.L vs. HMWO.L - Volatility Comparison
SPDR MSCI Japan UCITS ETF (JPJP.L) has a higher volatility of 4.37% compared to HSBC MSCI World UCITS ETF (HMWO.L) at 2.91%. This indicates that JPJP.L's price experiences larger fluctuations and is considered to be riskier than HMWO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.