MIDD.L vs. HMWO.L
Compare and contrast key facts about iShares FTSE 250 UCITS ETF (MIDD.L) and HSBC MSCI World UCITS ETF (HMWO.L).
MIDD.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. MIDD.L is a passively managed fund by iShares that tracks the performance of the FTSE 250 Ex Investment Trust TR GBP. It was launched on Mar 26, 2004. 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 MIDD.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: MIDD.L or HMWO.L.
Key characteristics
| MIDD.L | HMWO.L | |
|---|---|---|
| YTD Return | 6.02% | 20.09% |
| 1Y Return | 16.59% | 26.69% |
| 3Y Return (Ann) | -2.15% | 9.01% |
| 5Y Return (Ann) | 2.29% | 12.91% |
| 10Y Return (Ann) | 5.02% | 12.45% |
| Sharpe Ratio | 1.02 | 2.59 |
| Sortino Ratio | 1.49 | 3.63 |
| Omega Ratio | 1.18 | 1.50 |
| Calmar Ratio | 0.62 | 4.13 |
| Martin Ratio | 5.06 | 18.71 |
| Ulcer Index | 2.49% | 1.40% |
| Daily Std Dev | 12.81% | 10.07% |
| Max Drawdown | -51.66% | -25.48% |
| Current Drawdown | -8.85% | 0.00% |
Correlation
The correlation between MIDD.L and HMWO.L is 0.75, 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
MIDD.L vs. HMWO.L - Performance Comparison
In the year-to-date period, MIDD.L achieves a 6.02% return, which is significantly lower than HMWO.L's 20.09% return. Over the past 10 years, MIDD.L has underperformed HMWO.L with an annualized return of 5.02%, while HMWO.L has yielded a comparatively higher 12.45% annualized 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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MIDD.L vs. HMWO.L - Expense Ratio Comparison
MIDD.L has a 0.40% expense ratio, which is higher than HMWO.L's 0.15% expense ratio.
Risk-Adjusted Performance
MIDD.L vs. HMWO.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares FTSE 250 UCITS ETF (MIDD.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
MIDD.L vs. HMWO.L - Dividend Comparison
MIDD.L's dividend yield for the trailing twelve months is around 3.13%, more than HMWO.L's 1.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIDD.L iShares FTSE 250 UCITS ETF | 3.13% | 3.17% | 2.76% | 2.01% | 1.51% | 2.72% | 3.07% | 2.80% | 2.67% | 2.80% | 2.54% | 2.25% |
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
MIDD.L vs. HMWO.L - Drawdown Comparison
The maximum MIDD.L drawdown since its inception was -51.66%, 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 MIDD.L and HMWO.L. For additional features, visit the drawdowns tool.
Volatility
MIDD.L vs. HMWO.L - Volatility Comparison
iShares FTSE 250 UCITS ETF (MIDD.L) has a higher volatility of 4.78% compared to HSBC MSCI World UCITS ETF (HMWO.L) at 2.97%. This indicates that MIDD.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.