PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SAUS.L vs. HKOR.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SAUS.L vs. HKOR.L

Last updated Jun 5, 2026

SAUS.L (iShares MSCI Australia UCITS ETF) and HKOR.L (HSBC MSCI Korea Capped UCITS ETF USD) are both Asia Pacific Equities funds - SAUS.L tracks the MSCI Australia NR USD while HKOR.L tracks the MSCI Korea NR USD. Both are passively managed. Over the past 10 years, SAUS.L returned 9.11%/yr vs 17.97%/yr for HKOR.L. A 0.50 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.

Performance

SAUS.L vs. HKOR.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Australia UCITS ETF (SAUS.L) and HSBC MSCI Korea Capped UCITS ETF USD (HKOR.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, SAUS.L achieves a 10.24% return, which is significantly lower than HKOR.L's 107.38% return. Over the past 10 years, SAUS.L has underperformed HKOR.L with an annualized return of 9.11%, while HKOR.L has yielded a comparatively higher 17.97% annualized return.

SAUS.L

1D
-0.76%
1M
-2.38%
YTD
10.24%
6M
11.26%
1Y
14.59%
3Y*
9.70%
5Y*
6.61%
10Y*
9.11%

HKOR.L

1D
-4.88%
1M
12.39%
YTD
107.38%
6M
120.33%
1Y
228.58%
3Y*
45.20%
5Y*
19.90%
10Y*
17.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SAUS.L vs. HKOR.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SAUS.L
iShares MSCI Australia UCITS ETF		10.24%6.23%3.26%7.65%5.74%9.68%5.72%17.21%-6.78%8.05%
HKOR.L
HSBC MSCI Korea Capped UCITS ETF USD		107.38%86.42%-21.81%13.46%-19.95%-7.35%40.21%7.12%-16.48%32.68%

Correlation

The correlation between SAUS.L and HKOR.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.41

Correlation (3Y)
Calculated over the trailing 3-year period

0.47

Correlation (5Y)
Calculated over the trailing 5-year period

0.49

Correlation (10Y)
Calculated over the trailing 10-year period

0.54

Correlation (All Time)
Calculated using the full available price history since Apr 8, 2011

0.50

The correlation between SAUS.L and HKOR.L shifts across timeframes, from 0.41 (1 year) to 0.54 (10 years), reflecting how their relationship changes across market environments.

SAUS.L vs. HKOR.L - Sectors Allocation Comparison

Sectors
SAUS.L
HKOR.L

Financial Services

42.0%
8.7%

Basic Materials

25.6%
1.7%

Consumer Cyclical

6.4%
6.3%

Real Estate

5.2%

-

Healthcare

4.3%
2.7%

Energy

4.2%
0.9%

Industrials

4.2%
16.3%

Consumer Defensive

3.6%
1.2%

Communication Services

1.9%
2.1%

Utilities

1.6%
0.3%

Technology

1.0%
59.7%

Financial Services

SAUS.L
42.0%
HKOR.L
8.7%

Basic Materials

SAUS.L
25.6%
HKOR.L
1.7%

Consumer Cyclical

SAUS.L
6.4%
HKOR.L
6.3%

Real Estate

SAUS.L
5.2%
HKOR.L

-

Healthcare

SAUS.L
4.3%
HKOR.L
2.7%

Energy

SAUS.L
4.2%
HKOR.L
0.9%

Industrials

SAUS.L
4.2%
HKOR.L
16.3%

Consumer Defensive

SAUS.L
3.6%
HKOR.L
1.2%

Communication Services

SAUS.L
1.9%
HKOR.L
2.1%

Utilities

SAUS.L
1.6%
HKOR.L
0.3%

Technology

SAUS.L
1.0%
HKOR.L
59.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Australia UCITS ETF

HSBC MSCI Korea Capped UCITS ETF USD

Often compared with SAUS.L:
SAUS.L vs. EWASAUS.L vs. CSPX.LSAUS.L vs. SPYSAUS.L vs. LAUU.LSAUS.L vs. CP9G.LSAUS.L vs. XKS2.LSAUS.L vs. CNDX.L
Often compared with HKOR.L:
HKOR.L vs. HTWN.LHKOR.L vs. AUAD.LHKOR.L vs. FRXT.LHKOR.L vs. KRWL.LHKOR.L vs. GXLK.LHKOR.L vs. XMID.LHKOR.L vs. LAUU.L

Return for Risk

SAUS.L vs. HKOR.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SAUS.L
SAUS.L Risk / Return Rank: 3434
Overall Rank
SAUS.L Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
SAUS.L Sortino Ratio Rank: 3535
Sortino Ratio Rank
SAUS.L Omega Ratio Rank: 3232
Omega Ratio Rank
SAUS.L Calmar Ratio Rank: 3737
Calmar Ratio Rank
SAUS.L Martin Ratio Rank: 3232
Martin Ratio Rank
HKOR.L
HKOR.L Risk / Return Rank: 9797
Overall Rank
HKOR.L Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
HKOR.L Sortino Ratio Rank: 9797
Sortino Ratio Rank
HKOR.L Omega Ratio Rank: 9696
Omega Ratio Rank
HKOR.L Calmar Ratio Rank: 9797
Calmar Ratio Rank
HKOR.L Martin Ratio Rank: 9696
Martin Ratio Rank
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.

SAUS.L vs. HKOR.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Australia UCITS ETF (SAUS.L) and HSBC MSCI Korea Capped UCITS ETF USD (HKOR.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.

SAUS.LHKOR.LDifference
Sharpe ratioReturn per unit of total volatility
1.18
6.39

-5.21

Sortino ratioReturn per unit of downside risk
1.80
5.88

-4.07

Omega ratioGain probability vs. loss probability

1.21

1.84

-0.63

Calmar ratioReturn relative to maximum drawdown

1.76

11.12

-9.35

Martin ratioReturn relative to average drawdown

4.76

39.48

-34.73

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SAUS.L vs. HKOR.L - Sharpe Ratio Comparison

The current SAUS.L Sharpe Ratio is 1.18, which is lower than the HKOR.L Sharpe Ratio of 6.39. The chart below compares the historical Sharpe Ratios of SAUS.L and HKOR.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.

Loading charts...

Sharpe Ratios by Period

SAUS.LHKOR.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.18

6.39

-5.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.42

0.79

-0.37

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.50

0.74

-0.24

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

0.50

-0.12

Drawdowns

SAUS.L vs. HKOR.L - Drawdown Comparison

The maximum SAUS.L drawdown since its inception was -38.14%, smaller than the maximum HKOR.L drawdown of -44.41%. Use the drawdown chart below to compare losses from any high point for SAUS.L and HKOR.L.

Loading charts...

Drawdown Indicators

SAUS.LHKOR.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.14%

-44.41%

+6.27%

Max Drawdown (1Y)

Largest decline over 1 year

-8.49%

-21.26%

+12.77%

Max Drawdown (3Y)

Largest decline over 3 years

-21.11%

-29.09%

+7.98%

Max Drawdown (5Y)

Largest decline over 5 years

-21.11%

-40.86%

+19.75%

Max Drawdown (10Y)

Largest decline over 10 years

-38.14%

-44.41%

+6.27%

Current Drawdown

Current decline from peak

-3.58%

-5.40%

+1.82%

Average Drawdown

Average peak-to-trough decline

-7.77%

-15.72%

+7.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.16%

6.00%

-2.84%

Volatility

SAUS.L vs. HKOR.L - Volatility Comparison

The current volatility for iShares MSCI Australia UCITS ETF (SAUS.L) is 4.46%, while HSBC MSCI Korea Capped UCITS ETF USD (HKOR.L) has a volatility of 17.73%. This indicates that SAUS.L experiences smaller price fluctuations and is considered to be less risky than HKOR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

SAUS.LHKOR.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.46%

17.73%

-13.27%

Volatility (6M)

Calculated over the trailing 6-month period

10.14%

32.16%

-22.02%

Volatility (1Y)

Calculated over the trailing 1-year period

12.72%

37.01%

-24.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.80%

25.32%

-9.52%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.11%

24.24%

-5.13%

SAUS.L vs. HKOR.L - Expense Ratio Comparison

Both SAUS.L and HKOR.L have an expense ratio of 0.50%.

Dividends

SAUS.L vs. HKOR.L - Dividend Comparison

SAUS.L has not paid dividends to shareholders, while HKOR.L's dividend yield for the trailing twelve months is around 0.35%.

PositionTTM20252024202320222021202020192018201720162015
HKOR.L
HSBC MSCI Korea Capped UCITS ETF USD		0.35%0.69%1.51%1.11%0.71%0.59%0.02%0.29%0.53%0.11%0.13%0.57%
SAUS.L
iShares MSCI Australia 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%

Frequently Asked Questions

SAUS.L and HKOR.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

SAUS.L and HKOR.L have the same expense ratio: 0.50% per year.

SAUS.L tracks MSCI Australia NR USD, while HKOR.L tracks MSCI Korea NR USD. They also come from different issuers: iShares and HSBC.

Portfolio Optimizer

Find the right allocation for SAUS.L and HKOR.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer