UC15.L vs. HWWA.L
UC15.L (UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc) and HWWA.L (HSBC Multi Factor Worldwide Equity UCITS ETF) are both exchange-traded funds - UC15.L is a Commodities fund tracking the UBS CMCI, while HWWA.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, UC15.L returned 9.50%/yr vs 13.78%/yr for HWWA.L. At a 0.36 correlation, their price movements are largely independent. UC15.L charges 0.34%/yr vs 0.25%/yr for HWWA.L.
Performance
UC15.L vs. HWWA.L - Performance Comparison
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Different Trading Currencies
UC15.L is traded in GBp, while HWWA.L is traded in GBP. To make them comparable, the HWWA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, UC15.L achieves a 18.57% return, which is significantly higher than HWWA.L's 15.04% return. Over the past 10 years, UC15.L has underperformed HWWA.L with an annualized return of 9.50%, while HWWA.L has yielded a comparatively higher 13.78% annualized return.
UC15.L
- 1D
- 0.61%
- 1M
- -4.67%
- YTD
- 18.57%
- 6M
- 20.45%
- 1Y
- 21.83%
- 3Y*
- 9.14%
- 5Y*
- 12.31%
- 10Y*
- 9.50%
HWWA.L
- 1D
- -0.22%
- 1M
- 4.11%
- YTD
- 15.04%
- 6M
- 15.62%
- 1Y
- 35.53%
- 3Y*
- 20.05%
- 5Y*
- 13.06%
- 10Y*
- 13.78%
UC15.L vs. HWWA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UC15.L UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc | 18.57% | 2.29% | 6.44% | -6.52% | 29.97% | 36.11% | -2.49% | 5.31% | -5.75% | -2.28% |
HWWA.L HSBC Multi Factor Worldwide Equity UCITS ETF | 15.04% | 16.74% | 17.80% | 15.75% | -7.86% | 21.74% | 10.98% | 18.58% | -5.53% | 12.91% |
Correlation
The correlation between UC15.L and HWWA.L is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2014 | 0.36 |
The correlation between UC15.L and HWWA.L shifts across timeframes, from -0.10 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UC15.L vs. HWWA.L — Risk / Return Rank
UC15.L
HWWA.L
UC15.L vs. HWWA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UC15.L) and HSBC Multi Factor Worldwide Equity UCITS ETF (HWWA.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.
| UC15.L | HWWA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.58 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.65 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 5.30 | -2.23 |
| Martin ratioReturn relative to average drawdown | 9.12 | 21.80 | -12.68 |
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Drawdowns
UC15.L vs. HWWA.L - Drawdown Comparison
The maximum UC15.L drawdown since its inception was -98.86%, which is greater than HWWA.L's maximum drawdown of -25.15%. Use the drawdown chart below to compare losses from any high point for UC15.L and HWWA.L.
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Drawdown Indicators
| UC15.L | HWWA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.86% | -25.15% | -73.71% |
Max Drawdown (1Y)Largest decline over 1 year | -6.76% | -6.76% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -25.74% | -16.79% | -8.95% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -16.79% | -8.95% |
Max Drawdown (10Y)Largest decline over 10 years | -30.26% | -25.15% | -5.11% |
Current DrawdownCurrent decline from peak | -5.86% | -0.22% | -5.64% |
Average DrawdownAverage peak-to-trough decline | -17.21% | -3.52% | -13.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 1.65% | +0.54% |
Volatility
UC15.L vs. HWWA.L - Volatility Comparison
UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UC15.L) and HSBC Multi Factor Worldwide Equity UCITS ETF (HWWA.L) have volatilities of 3.76% and 3.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UC15.L | HWWA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 3.74% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 11.41% | 8.36% | +3.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.09% | 10.68% | +3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.61% | 12.76% | +6.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.37% | 14.34% | +3.03% |
UC15.L vs. HWWA.L - Expense Ratio Comparison
UC15.L has a 0.34% expense ratio, which is higher than HWWA.L's 0.25% expense ratio.
Dividends
UC15.L vs. HWWA.L - Dividend Comparison
UC15.L has not paid dividends to shareholders, while HWWA.L's dividend yield for the trailing twelve months is around 1.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWWA.L HSBC Multi Factor Worldwide Equity UCITS ETF | 1.28% | 1.43% | 1.58% | 1.95% | 2.07% | 1.48% | 1.45% | 2.07% | 2.10% | 1.86% | 1.71% | 1.97% |
UC15.L UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc | 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
UC15.L and HWWA.L have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HWWA.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HWWA.L is cheaper with a 0.25% expense ratio, compared with 0.34% for UC15.L.
UC15.L is categorized as Commodities, while HWWA.L is Global Equities. UC15.L tracks UBS CMCI, while HWWA.L tracks MSCI ACWI NR USD. They also come from different issuers: UBS and HSBC. Their fees differ too: 0.34% for UC15.L and 0.25% for HWWA.L.
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