XWFS.L vs. HWWA.L

Last updated Jun 4, 2026

XWFS.L (Xtrackers MSCI World Financials UCITS ETF 1C) and HWWA.L (HSBC Multi Factor Worldwide Equity UCITS ETF) are both exchange-traded funds - XWFS.L is a Financials Equities fund tracking the MSCI World/Financials NR USD, while HWWA.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 3 years, XWFS.L returned 20.16%/yr vs 19.71%/yr for HWWA.L. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

XWFS.L vs. HWWA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI World Financials UCITS ETF 1C (XWFS.L) and HSBC Multi Factor Worldwide Equity UCITS ETF (HWWA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XWFS.L achieves a -1.42% return, which is significantly lower than HWWA.L's 14.08% return.

XWFS.L

• 1D: -0.98%
• 1M: -0.19%
• YTD: -1.42%
• 6M: 2.61%
• 1Y: 13.19%
• 3Y*: 20.16%
• 5Y*: —
• 10Y*: —

HWWA.L

• 1D: -0.02%
• 1M: 6.39%
• YTD: 14.08%
• 6M: 15.66%
• 1Y: 34.98%
• 3Y*: 19.71%
• 5Y*: 13.07%
• 10Y*: 13.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XWFS.L vs. HWWA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XWFS.L Xtrackers MSCI World Financials UCITS ETF 1C	-1.42%	20.20%	29.08%	10.02%	-0.66%
HWWA.L HSBC Multi Factor Worldwide Equity UCITS ETF	14.08%	16.74%	17.83%	15.71%	-3.39%

Correlation

The correlation between XWFS.L and HWWA.L is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (All Time) Calculated using the full available price history since Mar 25, 2022	0.74

The correlation between XWFS.L and HWWA.L has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.

Return for Risk

XWFS.L vs. HWWA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XWFS.L

XWFS.L Risk / Return Rank: 29
XWFS.L Sharpe Ratio Rank: 29
XWFS.L Sortino Ratio Rank: 28
XWFS.L Omega Ratio Rank: 27
XWFS.L Calmar Ratio Rank: 28
XWFS.L Martin Ratio Rank: 30

HWWA.L

HWWA.L Risk / Return Rank: 91
HWWA.L Sharpe Ratio Rank: 92
HWWA.L Sortino Ratio Rank: 93
HWWA.L Omega Ratio Rank: 93
HWWA.L Calmar Ratio Rank: 88
HWWA.L Martin Ratio Rank: 91

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.

XWFS.L vs. HWWA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Financials UCITS ETF 1C (XWFS.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.

	XWFS.L	HWWA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.06	3.41	-2.35
Sortino ratio: Return per unit of downside risk	1.55	4.64	-3.09
Omega ratio: Gain probability vs. loss probability	1.18	1.65	-0.47
Calmar ratio: Return relative to maximum drawdown	1.36	5.16	-3.80
Martin ratio: Return relative to average drawdown	4.37	21.78	-17.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XWFS.L vs. HWWA.L - Sharpe Ratio Comparison

The current XWFS.L Sharpe Ratio is 1.06, which is lower than the HWWA.L Sharpe Ratio of 3.41. The chart below compares the historical Sharpe Ratios of XWFS.L and HWWA.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.

Sharpe Ratios by Period

	XWFS.L	HWWA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	3.41	-2.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.03	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.84	-0.02

Drawdowns

XWFS.L vs. HWWA.L - Drawdown Comparison

The maximum XWFS.L drawdown since its inception was -16.47%, smaller than the maximum HWWA.L drawdown of -25.12%. Use the drawdown chart below to compare losses from any high point for XWFS.L and HWWA.L.

Drawdown Indicators

	XWFS.L	HWWA.L	Difference
Max Drawdown Largest peak-to-trough decline	-16.47%	-25.12%	+8.65%
Max Drawdown (1Y) Largest decline over 1 year	-9.64%	-6.74%	-2.90%
Max Drawdown (3Y) Largest decline over 3 years	-16.47%	-16.79%	+0.32%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.79%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-25.12%	—
Current Drawdown Current decline from peak	-2.91%	-0.02%	-2.89%
Average Drawdown Average peak-to-trough decline	-4.11%	-3.53%	-0.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	1.60%	+1.41%

Volatility

XWFS.L vs. HWWA.L - Volatility Comparison

The current volatility for Xtrackers MSCI World Financials UCITS ETF 1C (XWFS.L) is 2.90%, while HSBC Multi Factor Worldwide Equity UCITS ETF (HWWA.L) has a volatility of 3.43%. This indicates that XWFS.L experiences smaller price fluctuations and is considered to be less risky than HWWA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XWFS.L	HWWA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	3.43%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	9.62%	7.84%	+1.78%
Volatility (1Y) Calculated over the trailing 1-year period	12.43%	10.26%	+2.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.02%	12.69%	+3.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.02%	14.33%	+1.69%

XWFS.L vs. HWWA.L - Expense Ratio Comparison

Both XWFS.L and HWWA.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

XWFS.L vs. HWWA.L - Dividend Comparison

XWFS.L has not paid dividends to shareholders, while HWWA.L's dividend yield for the trailing twelve months is around 1.29%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HWWA.L HSBC Multi Factor Worldwide Equity UCITS ETF	1.29%	1.43%	1.58%	1.95%	2.07%	1.48%	1.45%	2.07%	2.10%	1.86%	1.71%	1.97%
XWFS.L Xtrackers MSCI World Financials UCITS ETF 1C	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

Can I hold both XWFS.L and HWWA.L in my portfolio?

XWFS.L and HWWA.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XWFS.L or HWWA.L?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XWFS.L or HWWA.L?

XWFS.L and HWWA.L have the same expense ratio: 0.25% per year.

What is the main difference between XWFS.L and HWWA.L?

XWFS.L is categorized as Financials Equities, while HWWA.L is Global Equities. XWFS.L tracks MSCI World/Financials NR USD, while HWWA.L tracks MSCI ACWI NR USD. They also come from different issuers: Xtrackers and HSBC.