ETF comparison

HMWA vs SWRD

HSBC MSCI WORLD UCITS ETF USD (Acc)
IE000UQND7H4HSBC
State Street® SPDR® MSCI World UCITS ETF (Acc)
IE00BFY0GT14State Street
Figures as of 46294-01-01 (HMWA) · October 2, 2026 (SWRD)

The comparison in short

HMWA (HSBC MSCI WORLD UCITS ETF USD (Acc), IE000UQND7H4) and SWRD (State Street® SPDR® MSCI World UCITS ETF (Acc), IE00BFY0GT14) both track the MSCI World index. SWRD has the lower total expense ratio (TER): 0.12% a year against 0.15% for HMWA, 0.03 percentage points less, or about 3 a year on 10,000 invested. SWRD is the larger fund, with USD 22.5bn in assets against USD 19,262,909,151 for HMWA. HMWA reports 1,303 holdings and SWRD 1,241. 8 of the holdings published by HMWA (top 10) and SWRD (top 10) appear in both lists; measured on those published positions only, the overlap is at least 26.4%. Shared holdings include NVIDIA Corp, Apple Inc, Microsoft Corp, Alphabet Inc Class A and Amazon.com Inc. Over 3 years, HMWA returned +20.4% a year and SWRD +22.0% a year. HMWA and SWRD both reinvest their income (accumulating share classes). HMWA and SWRD both hold the index securities directly (physical replication). Both are domiciled in Ireland. HMWA carries a risk indicator (SRRI) of 5 and SWRD of 4, on the 1–7 scale. This is a factual comparison from the fund houses' documents, not investment advice.

Side by side

FigureHMWASWRD
ISINIE000UQND7H4IE00BFY0GT14
Exchange tickersHMWA, HMWS, H4ZYSWRD, SWLD, SPPW
Fund houseHSBCState Street
Total expense ratio (TER)0.15%0.12%
Ongoing charges (KID)0.15%0.12%
Fund sizeUSD 19,262,909,151USD 22.5bn
Launch dateJune 28, 2022February 28, 2019
ReplicationPhysicalPhysical
DomicileIrelandIreland
Distribution policyAccumulatingAccumulating
Share class currencyUSDUSD
Number of holdings1,3031,241
Risk indicator (SRRI)5 / 74 / 7
Benchmark100% MSCI World NetMSCI World Index

Performance

Annualised returns

PeriodHMWASWRDDifference
1 year+20.9%+15.4%+5.5
3 years+20.4%+22.0%−1.6
Returns as published by each fund house, in each share class's currency and net of the fund's charges. The difference is in percentage points. Past performance does not predict future returns.

Holdings

8 of the holdings published by HMWA (top 10) and SWRD (top 10) appear in both lists; measured on those published positions only, the overlap is at least 26.4%. Shared holdings include NVIDIA Corp, Apple Inc, Microsoft Corp, Alphabet Inc Class A and Amazon.com Inc.

Top 10 holdings of HMWA

#HoldingWeight
1
NVIDIA CorpIn both
5.74%
2
Apple IncIn both
5.31%
3
Capital Cash Ctrl
4.44%
4
Microsoft CorpIn both
3.94%
5
Amazon.com IncIn both
2.63%
6
Alphabet Inc Class AIn both
2.20%
7
Meta Platforms Inc Class AIn both
1.78%
8
Broadcom IncIn both
1.76%
9
Alphabet Inc Class CIn both
1.73%
10
Micron Technology IncIn both
1.32%

Top 10 holdings of SWRD

#HoldingWeight
1
NVIDIA CorporationIn both
5.88%
2
Apple Inc.In both
5.38%
3
Microsoft CorporationIn both
4.01%
4
Amazon.com Inc.In both
2.66%
5
Alphabet Inc. Class AIn both
2.20%
6
Meta Platforms Inc Class AIn both
1.76%
7
Alphabet Inc. Class CIn both
1.73%
8
Broadcom Inc.In both
1.72%
9
Micron Technology Inc.In both
1.37%
10
Tesla Inc.
1.12%
Compare every published holding of HMWA and SWRD in the overlap checker

Sectors and countries

Largest sectors of HMWA

  1. Information Technology30.0%
  2. Financials16.4%
  3. Industrials11.1%
  4. Health Care9.2%
  5. Consumer Discretionary8.8%
  6. Communication Services7.9%
+ 4 more

Largest sectors of SWRD

  1. Information Technology32.1%
  2. Financials15.6%
  3. Industrials10.8%
  4. Health Care9.1%
  5. Consumer Discretionary8.4%
  6. Communication Services8.2%
+ 5 more

Largest countries of HMWA

  1. United States72.5%
  2. Japan5.8%
  3. United Kingdom3.3%
  4. Canada3.3%
  5. Germany2.5%
  6. Switzerland2.5%
+ 4 more

Largest countries of SWRD

  1. United States73.3%
  2. Japan6.0%
  3. United Kingdom3.4%
  4. Canada3.3%
  5. France2.2%
  6. Switzerland2.1%
+ 4 more

Frequently asked questions

What is the difference between HMWA and SWRD?

HMWA (HSBC MSCI WORLD UCITS ETF USD (Acc), IE000UQND7H4) and SWRD (State Street® SPDR® MSCI World UCITS ETF (Acc), IE00BFY0GT14) both track the MSCI World index. SWRD has the lower total expense ratio (TER): 0.12% a year against 0.15% for HMWA, 0.03 percentage points less, or about 3 a year on 10,000 invested. HMWA and SWRD both reinvest their income (accumulating share classes). HMWA and SWRD both hold the index securities directly (physical replication). Both are domiciled in Ireland. This is a factual comparison from the fund houses' documents, not investment advice.

Which is cheaper, HMWA or SWRD?

SWRD has the lower total expense ratio (TER): 0.12% a year against 0.15% for HMWA, 0.03 percentage points less, or about 3 a year on 10,000 invested. Their key information documents state ongoing charges of 0.15% for HMWA and 0.12% for SWRD.

Which is bigger, HMWA or SWRD?

SWRD is the larger fund, with USD 22.5bn in assets against USD 19,262,909,151 for HMWA.

Do HMWA and SWRD hold the same companies?

8 of the holdings published by HMWA (top 10) and SWRD (top 10) appear in both lists; measured on those published positions only, the overlap is at least 26.4%. Shared holdings include NVIDIA Corp, Apple Inc, Microsoft Corp, Alphabet Inc Class A and Amazon.com Inc.

How have HMWA and SWRD performed?

Over 3 years, HMWA returned +20.4% a year and SWRD +22.0% a year. Over the past year, HMWA returned +20.9% and SWRD +15.4%. Past performance does not predict future returns.

Are HMWA and SWRD accumulating or distributing?

HMWA is accumulating: it reinvests its income in the fund. SWRD is accumulating: it reinvests its income in the fund.

Go further

Other comparisons

Figures are read from the documents each fund house publishes (product page, factsheet, key information document, holdings file) and refreshed weekly. Names and tickers identify the products; FundFacts API is independent of every fund house and index provider. This comparison is factual information, not investment advice or a recommendation to buy or sell either fund.