SUWG.L vs. HPAO.L
Compare and contrast key facts about iShares MSCI World SRI UCITS ETF USD (Dist) (SUWG.L) and HSBC MSCI World Climate Paris Aligned UCITS ETF (HPAO.L).
SUWG.L and HPAO.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SUWG.L is a passively managed fund by iShares that tracks the performance of the MSCI ACWI NR USD. It was launched on Oct 12, 2017. HPAO.L is a passively managed fund by HSBC that tracks the performance of the MSCI ACWI NR USD. It was launched on Jul 7, 2021. Both SUWG.L and HPAO.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.
Performance
SUWG.L vs. HPAO.L - Performance Comparison
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SUWG.L vs. HPAO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SUWG.L iShares MSCI World SRI UCITS ETF USD (Dist) | -1.02% | 7.24% | 12.94% | 18.32% | -11.70% | 14.68% |
HPAO.L HSBC MSCI World Climate Paris Aligned UCITS ETF | -6.89% | 10.30% | 20.31% | 18.86% | -12.38% | 11.05% |
Returns By Period
In the year-to-date period, SUWG.L achieves a -1.02% return, which is significantly higher than HPAO.L's -6.89% return.
SUWG.L
- 1D
- 2.31%
- 1M
- -4.01%
- YTD
- -1.02%
- 6M
- 1.27%
- 1Y
- 13.19%
- 3Y*
- 10.17%
- 5Y*
- 8.91%
- 10Y*
- —
HPAO.L
- 1D
- 0.59%
- 1M
- -5.22%
- YTD
- -6.89%
- 6M
- -4.14%
- 1Y
- 10.31%
- 3Y*
- 11.75%
- 5Y*
- —
- 10Y*
- —
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SUWG.L vs. HPAO.L - Expense Ratio Comparison
SUWG.L has a 0.20% expense ratio, which is higher than HPAO.L's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
SUWG.L vs. HPAO.L — Risk / Return Rank
SUWG.L
HPAO.L
SUWG.L vs. HPAO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World SRI UCITS ETF USD (Dist) (SUWG.L) and HSBC MSCI World Climate Paris Aligned UCITS ETF (HPAO.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.
| SUWG.L | HPAO.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 0.80 | +0.11 |
Sortino ratioReturn per unit of downside risk | 1.34 | 1.20 | +0.14 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.17 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.04 | +0.64 |
Martin ratioReturn relative to average drawdown | 6.15 | 3.37 | +2.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SUWG.L | HPAO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.80 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.56 | +0.14 |
Correlation
The correlation between SUWG.L and HPAO.L is 0.94, 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.
Dividends
SUWG.L vs. HPAO.L - Dividend Comparison
SUWG.L's dividend yield for the trailing twelve months is around 1.25%, while HPAO.L has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SUWG.L iShares MSCI World SRI UCITS ETF USD (Dist) | 1.25% | 1.21% | 1.38% | 1.54% | 1.69% | 1.17% |
HPAO.L HSBC MSCI World Climate Paris Aligned UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SUWG.L vs. HPAO.L - Drawdown Comparison
The maximum SUWG.L drawdown since its inception was -18.97%, roughly equal to the maximum HPAO.L drawdown of -19.46%. Use the drawdown chart below to compare losses from any high point for SUWG.L and HPAO.L.
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Drawdown Indicators
| SUWG.L | HPAO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.97% | -19.46% | +0.49% |
Max Drawdown (1Y)Largest decline over 1 year | -9.22% | -9.96% | +0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -18.97% | — | — |
Current DrawdownCurrent decline from peak | -4.63% | -8.57% | +3.94% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -4.86% | +0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 3.07% | -0.92% |
Volatility
SUWG.L vs. HPAO.L - Volatility Comparison
iShares MSCI World SRI UCITS ETF USD (Dist) (SUWG.L) has a higher volatility of 4.95% compared to HSBC MSCI World Climate Paris Aligned UCITS ETF (HPAO.L) at 4.07%. This indicates that SUWG.L's price experiences larger fluctuations and is considered to be riskier than HPAO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SUWG.L | HPAO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 4.07% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 8.95% | 8.36% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.45% | 14.58% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.66% | 13.96% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.68% | 13.96% | -0.28% |