SUWS.L vs. HKOD.L
SUWS.L (iShares MSCI World SRI UCITS ETF USD (Dist)) and HKOD.L (HSBC MSCI KOREA CAPPED UCITS ETF) are both Global Equities funds - SUWS.L tracks the iShares MSCI World SRI UCITS ETF USD (Dist) while HKOD.L tracks the HSBC MSCI KOREA CAPPED UCITS ETF. Both are passively managed. Over the past 5 years, SUWS.L returned 9.18%/yr vs 14.71%/yr for HKOD.L. A 0.64 correlation means they provide meaningful diversification when combined. SUWS.L charges 0.20%/yr vs 0.50%/yr for HKOD.L.
Performance
SUWS.L vs. HKOD.L - Performance Comparison
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Returns By Period
In the year-to-date period, SUWS.L achieves a 10.37% return, which is significantly lower than HKOD.L's 70.37% return.
SUWS.L
- 1D
- -0.43%
- 1M
- -1.35%
- 6M
- 8.12%
- YTD
- 10.37%
- 1Y
- 18.55%
- 3Y*
- 13.89%
- 5Y*
- 9.18%
- 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%
SUWS.L vs. HKOD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SUWS.L iShares MSCI World SRI UCITS ETF USD (Dist) | 10.37% | 14.86% | 11.22% | 25.16% | -21.20% | 25.32% | 21.04% | 29.76% | -7.49% | 4.80% |
HKOD.L HSBC MSCI KOREA CAPPED UCITS ETF | 70.37% | 99.54% | -22.90% | 19.95% | -28.44% | -8.49% | 45.08% | 10.64% | -21.06% | 6.96% |
Correlation
The correlation between SUWS.L and HKOD.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2017 | 0.64 |
The correlation between SUWS.L and HKOD.L has been stable across timeframes, ranging from 0.59 to 0.64 - a consistent structural relationship.
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Return for Risk
SUWS.L vs. HKOD.L — Risk / Return Rank
SUWS.L
HKOD.L
SUWS.L vs. HKOD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World SRI UCITS ETF USD (Dist) (SUWS.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.
| SUWS.L | HKOD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.45 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 5.77 | -3.73 |
| Martin ratioReturn relative to average drawdown | 7.87 | 17.93 | -10.06 |
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Drawdowns
SUWS.L vs. HKOD.L - Drawdown Comparison
The maximum SUWS.L drawdown since its inception was -31.97%, smaller than the maximum HKOD.L drawdown of -50.54%. Use the drawdown chart below to compare losses from any high point for SUWS.L and HKOD.L.
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Drawdown Indicators
| SUWS.L | HKOD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.97% | -50.54% | +18.57% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -24.00% | +14.44% |
Max Drawdown (3Y)Largest decline over 3 years | -17.81% | -29.48% | +11.67% |
Max Drawdown (5Y)Largest decline over 5 years | -29.06% | -47.65% | +18.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.54% | — |
Current DrawdownCurrent decline from peak | -1.78% | -24.00% | +22.22% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -18.79% | +13.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 7.75% | -5.26% |
Volatility
SUWS.L vs. HKOD.L - Volatility Comparison
The current volatility for iShares MSCI World SRI UCITS ETF USD (Dist) (SUWS.L) is 4.00%, while HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.L) has a volatility of 20.20%. This indicates that SUWS.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.
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Volatility by Period
| SUWS.L | HKOD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 20.20% | -16.20% |
Volatility (6M)Calculated over the trailing 6-month period | 11.41% | 41.23% | -29.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.94% | 45.10% | -31.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.40% | 29.74% | -13.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.85% | 26.96% | -10.11% |
SUWS.L vs. HKOD.L - Expense Ratio Comparison
SUWS.L has a 0.20% expense ratio, which is lower than HKOD.L's 0.50% expense ratio.
Dividends
SUWS.L vs. HKOD.L - Dividend Comparison
SUWS.L's dividend yield for the trailing twelve months is around 1.20%, more than HKOD.L's 0.43% yield.
| 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% |
SUWS.L iShares MSCI World SRI UCITS ETF USD (Dist) | 1.20% | 1.21% | 1.41% | 1.52% | 1.71% | 1.20% | 1.21% | 1.70% | 2.26% | 0.00% |
Frequently Asked Questions
SUWS.L and HKOD.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SUWS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SUWS.L is cheaper with a 0.20% expense ratio, compared with 0.50% for HKOD.L.
SUWS.L tracks iShares MSCI World SRI UCITS ETF USD (Dist), while HKOD.L tracks HSBC MSCI KOREA CAPPED UCITS ETF. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.20% for SUWS.L and 0.50% for HKOD.L.
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