VWRL.AS vs. HMWD.L
VWRL.AS (Vanguard FTSE All-World UCITS ETF (USD) Distributing) and HMWD.L (HSBC MSCI World UCITS ETF) are both Global Equities funds - VWRL.AS tracks the FTSE All-World Index while HMWD.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, VWRL.AS returned 12.48%/yr vs 13.10%/yr for HMWD.L. Their correlation of 0.90 suggests significant overlap in exposure. VWRL.AS charges 0.19%/yr vs 0.15%/yr for HMWD.L.
Performance
VWRL.AS vs. HMWD.L - Performance Comparison
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Different Trading Currencies
VWRL.AS is traded in EUR, while HMWD.L is traded in USD. To make them comparable, the HMWD.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VWRL.AS achieves a 13.10% return, which is significantly higher than HMWD.L's 11.10% return. Both investments have delivered pretty close results over the past 10 years, with VWRL.AS having a 12.48% annualized return and HMWD.L not far ahead at 13.10%.
VWRL.AS
- 1D
- -0.42%
- 1M
- 6.19%
- YTD
- 13.10%
- 6M
- 13.88%
- 1Y
- 26.87%
- 3Y*
- 18.01%
- 5Y*
- 12.33%
- 10Y*
- 12.48%
HMWD.L
- 1D
- -0.28%
- 1M
- 4.85%
- YTD
- 11.10%
- 6M
- 11.92%
- 1Y
- 24.06%
- 3Y*
- 17.67%
- 5Y*
- 12.97%
- 10Y*
- 13.10%
VWRL.AS vs. HMWD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWRL.AS Vanguard FTSE All-World UCITS ETF (USD) Distributing | 13.10% | 8.40% | 25.57% | 18.07% | -13.65% | 28.52% | 6.31% | 27.76% | -4.68% | 8.95% |
HMWD.L HSBC MSCI World UCITS ETF | 11.10% | 6.69% | 26.99% | 20.90% | -13.17% | 31.57% | 6.83% | 30.31% | -4.61% | 7.99% |
Correlation
The correlation between VWRL.AS and HMWD.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2013 | 0.90 |
The correlation between VWRL.AS and HMWD.L has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.
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Return for Risk
VWRL.AS vs. HMWD.L — Risk / Return Rank
VWRL.AS
HMWD.L
VWRL.AS vs. HMWD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (USD) Distributing (VWRL.AS) and HSBC MSCI World UCITS ETF (HMWD.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.
| VWRL.AS | HMWD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.37 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.06 | 3.69 | +0.37 |
| Martin ratioReturn relative to average drawdown | 16.76 | 13.84 | +2.92 |
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
| VWRL.AS | HMWD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 1.98 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.87 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.83 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.78 | -0.01 |
Drawdowns
VWRL.AS vs. HMWD.L - Drawdown Comparison
The maximum VWRL.AS drawdown since its inception was -33.27%, roughly equal to the maximum HMWD.L drawdown of -33.51%. Use the drawdown chart below to compare losses from any high point for VWRL.AS and HMWD.L.
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Drawdown Indicators
| VWRL.AS | HMWD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.27% | -33.51% | +0.24% |
Max Drawdown (1Y)Largest decline over 1 year | -6.53% | -6.49% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -21.00% | -21.03% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -21.00% | -21.03% | +0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -33.27% | -33.51% | +0.24% |
Current DrawdownCurrent decline from peak | -0.42% | -0.28% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -4.38% | -4.40% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 1.73% | -0.14% |
Volatility
VWRL.AS vs. HMWD.L - Volatility Comparison
Vanguard FTSE All-World UCITS ETF (USD) Distributing (VWRL.AS) and HSBC MSCI World UCITS ETF (HMWD.L) have volatilities of 3.23% and 3.21%, 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
| VWRL.AS | HMWD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 3.21% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 8.02% | 8.90% | -0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.20% | 12.16% | -0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.70% | 14.98% | -1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.82% | 15.84% | -1.02% |
VWRL.AS vs. HMWD.L - Expense Ratio Comparison
VWRL.AS has a 0.19% expense ratio, which is higher than HMWD.L's 0.15% 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%.
Dividends
VWRL.AS vs. HMWD.L - Dividend Comparison
VWRL.AS's dividend yield for the trailing twelve months is around 1.24%, more than HMWD.L's 1.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMWD.L HSBC MSCI World UCITS ETF | 1.17% | 1.24% | 1.43% | 1.57% | 1.79% | 1.31% | 1.44% | 1.91% | 2.23% | 1.81% | 2.00% | 1.93% |
VWRL.AS Vanguard FTSE All-World UCITS ETF (USD) Distributing | 1.24% | 1.42% | 1.47% | 1.74% | 2.10% | 1.43% | 1.56% | 1.89% | 2.24% | 1.93% | 1.95% | 2.03% |
Frequently Asked Questions
With a correlation of 0.90, VWRL.AS and HMWD.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, HMWD.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HMWD.L is cheaper with a 0.15% expense ratio, compared with 0.19% for VWRL.AS.
VWRL.AS tracks FTSE All-World Index, while HMWD.L tracks MSCI ACWI NR USD. They also come from different issuers: Vanguard and HSBC. Their fees differ too: 0.19% for VWRL.AS and 0.15% for HMWD.L.
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