LIFE.L vs. HKOD.L

Last updated Jul 16, 2026

LIFE.L (Rize Environmental Impact 100 UCITS ETF) and HKOD.L (HSBC MSCI KOREA CAPPED UCITS ETF) are both Global Equities funds - LIFE.L tracks the Rize Environmental Impact 100 UCITS ETF while HKOD.L tracks the HSBC MSCI KOREA CAPPED UCITS ETF. Both are passively managed. Over the past 5 years, LIFE.L returned 5.24%/yr vs 14.71%/yr for HKOD.L. A 0.63 correlation means they provide meaningful diversification when combined. LIFE.L charges 0.55%/yr vs 0.50%/yr for HKOD.L.

Performance

LIFE.L vs. HKOD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rize Environmental Impact 100 UCITS ETF (LIFE.L) and HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LIFE.L achieves a 10.44% return, which is significantly lower than HKOD.L's 70.37% return.

LIFE.L

• 1D: -0.24%
• 1M: -3.60%
• 6M: 5.80%
• YTD: 10.44%
• 1Y: 17.23%
• 3Y*: 8.49%
• 5Y*: 5.24%
• 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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LIFE.L vs. HKOD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LIFE.L Rize Environmental Impact 100 UCITS ETF	10.44%	25.27%	-4.01%	15.12%	-20.54%	4.83%
HKOD.L HSBC MSCI KOREA CAPPED UCITS ETF	70.37%	99.54%	-22.90%	19.95%	-28.44%	-11.86%

Correlation

The correlation between LIFE.L and HKOD.L is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021	0.63

The correlation between LIFE.L and HKOD.L has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.

Return for Risk

LIFE.L vs. HKOD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LIFE.L

LIFE.L Risk / Return Rank: 36
LIFE.L Sharpe Ratio Rank: 35
LIFE.L Sortino Ratio Rank: 35
LIFE.L Omega Ratio Rank: 32
LIFE.L Calmar Ratio Rank: 41
LIFE.L Martin Ratio Rank: 39

HKOD.L

HKOD.L Risk / Return Rank: 92
HKOD.L Sharpe Ratio Rank: 96
HKOD.L Sortino Ratio Rank: 87
HKOD.L Omega Ratio Rank: 90
HKOD.L Calmar Ratio Rank: 94
HKOD.L Martin Ratio Rank: 92

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.

LIFE.L vs. HKOD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rize Environmental Impact 100 UCITS ETF (LIFE.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.

	LIFE.L	HKOD.L	Difference
Sharpe ratio: Return per unit of total volatility	1.05	3.07	-2.02
Sortino ratio: Return per unit of downside risk	1.58	3.22	-1.65
Omega ratio: Gain probability vs. loss probability	1.19	1.45	-0.27
Calmar ratio: Return relative to maximum drawdown	1.73	5.77	-4.05
Martin ratio: Return relative to average drawdown	4.93	17.93	-13.00

LIFE.L vs. HKOD.L - Sharpe Ratio Comparison

The current LIFE.L Sharpe Ratio is 1.05, which is lower than the HKOD.L Sharpe Ratio of 3.07. The chart below compares the historical Sharpe Ratios of LIFE.L and HKOD.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.

Drawdowns

LIFE.L vs. HKOD.L - Drawdown Comparison

The maximum LIFE.L drawdown since its inception was -34.57%, smaller than the maximum HKOD.L drawdown of -50.54%. Use the drawdown chart below to compare losses from any high point for LIFE.L and HKOD.L.

Drawdown Indicators

	LIFE.L	HKOD.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.57%	-50.54%	+15.97%
Max Drawdown (1Y) Largest decline over 1 year	-10.58%	-24.00%	+13.42%
Max Drawdown (3Y) Largest decline over 3 years	-22.00%	-29.48%	+7.48%
Max Drawdown (5Y) Largest decline over 5 years	-34.57%	-47.65%	+13.08%
Max Drawdown (10Y) Largest decline over 10 years	—	-50.54%	—
Current Drawdown Current decline from peak	-6.32%	-24.00%	+17.68%
Average Drawdown Average peak-to-trough decline	-12.67%	-18.79%	+6.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.71%	7.75%	-4.04%

Volatility

LIFE.L vs. HKOD.L - Volatility Comparison

The current volatility for Rize Environmental Impact 100 UCITS ETF (LIFE.L) is 4.93%, while HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.L) has a volatility of 20.20%. This indicates that LIFE.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.

Volatility by Period

	LIFE.L	HKOD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.93%	20.20%	-15.27%
Volatility (6M) Calculated over the trailing 6-month period	14.24%	41.23%	-26.99%
Volatility (1Y) Calculated over the trailing 1-year period	17.34%	45.10%	-27.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.47%	29.74%	-10.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.45%	26.96%	-7.51%

LIFE.L vs. HKOD.L - Expense Ratio Comparison

LIFE.L has a 0.55% expense ratio, which is higher than HKOD.L's 0.50% expense ratio.

Dividends

LIFE.L vs. HKOD.L - Dividend Comparison

LIFE.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%
LIFE.L Rize Environmental Impact 100 UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LIFE.L and HKOD.L in my portfolio?

LIFE.L and HKOD.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LIFE.L or HKOD.L?

On fees, HKOD.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LIFE.L or HKOD.L?

HKOD.L is cheaper with a 0.50% expense ratio, compared with 0.55% for LIFE.L.

What is the main difference between LIFE.L and HKOD.L?

LIFE.L tracks Rize Environmental Impact 100 UCITS ETF, while HKOD.L tracks HSBC MSCI KOREA CAPPED UCITS ETF. They also come from different issuers: Rize ETF and HSBC. Their fees differ too: 0.55% for LIFE.L and 0.50% for HKOD.L.