ETF comparison

HMWA vs XMWO

HSBC MSCI WORLD UCITS ETF USD (Acc)
IE000UQND7H4HSBC
Xtrackers MSCI World Swap UCITS ETF 1C
LU0274208692Xtrackers
Figures as of 46294-01-01 (HMWA) · October 1, 2026 (XMWO)

The comparison in short

HMWA (HSBC MSCI WORLD UCITS ETF USD (Acc), IE000UQND7H4) and XMWO (Xtrackers MSCI World Swap UCITS ETF 1C, LU0274208692) both track the MSCI World index. HMWA has the lower total expense ratio (TER): 0.15% a year against 0.45% for XMWO, 0.3 percentage points less, or about 30 a year on 10,000 invested. HMWA reports USD 19,262,909,151 in assets and XMWO GBP 10.90bn. XMWO replicates its index through a swap and publishes the collateral basket behind it, so the holdings overlap is not measured. Over 3 years, HMWA returned +20.4% a year and XMWO +21.2% a year. HMWA and XMWO both reinvest their income (accumulating share classes). HMWA holds the index securities directly (physical replication), while XMWO replicates its index through a swap (synthetic). HMWA is domiciled in Ireland and XMWO in Luxembourg. HMWA carries a risk indicator (SRRI) of 5 and XMWO of 4, on the 1–7 scale. This is a factual comparison from the fund houses' documents, not investment advice.

Side by side

FigureHMWAXMWO
ISINIE000UQND7H4LU0274208692
Exchange tickersHMWA, HMWS, H4ZYXMWO, XMWD, DB31
Fund houseHSBCXtrackers
Total expense ratio (TER)0.15%0.45%
Ongoing charges (KID)0.15%0.45%
Fund sizeUSD 19,262,909,151GBP 10.90bn
Launch dateJune 28, 2022December 19, 2006
ReplicationPhysicalSynthetic (swap)
DomicileIrelandLuxembourg
Distribution policyAccumulatingAccumulating
Share class currencyUSDUSD
Number of holdings1,303—
Risk indicator (SRRI)5 / 74 / 7
Benchmark100% MSCI World NetMSCI Total Return Net World Index (USD)

Performance

Annualised returns

PeriodHMWAXMWODifference
1 year+20.9%+14.5%+6.4
3 years+20.4%+21.2%−0.8
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

XMWO replicates its index through a swap and publishes the collateral basket behind it, so the holdings overlap is not measured.

Top 10 holdings of HMWA

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

Top 10 holdings of XMWO

XMWO replicates its index through a swap: the securities it publishes are the collateral basket behind the swap, not the index, so they are not compared.
#HoldingWeight
1
AMAZON COM INC
5.74%
2
MICROSOFT
4.30%
3
NVIDIA
4.22%
4
APPLE
3.43%
5
NOVARTIS AG
3.29%
6
NESTLE SA
3.12%
7
SYNOPSYS
2.75%
8
BERKSHIRE HATHAWAY INC CLASS B
2.58%
9
ADVANCED MICRO DEVICES
2.50%
10
WALMART
2.07%
Compare every published holding of HMWA and XMWO 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 XMWO

  1. Information Technology38.0%
  2. Financials10.9%
  3. Consumer Staples10.4%
  4. Health Care10.1%
  5. Consumer Discretionary9.2%

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 XMWO

  1. United States76.4%
  2. Switzerland7.4%
  3. Germany3.1%
  4. Sweden2.1%
  5. Netherlands1.9%

Frequently asked questions

What is the difference between HMWA and XMWO?

HMWA (HSBC MSCI WORLD UCITS ETF USD (Acc), IE000UQND7H4) and XMWO (Xtrackers MSCI World Swap UCITS ETF 1C, LU0274208692) both track the MSCI World index. HMWA has the lower total expense ratio (TER): 0.15% a year against 0.45% for XMWO, 0.3 percentage points less, or about 30 a year on 10,000 invested. HMWA and XMWO both reinvest their income (accumulating share classes). HMWA holds the index securities directly (physical replication), while XMWO replicates its index through a swap (synthetic). HMWA is domiciled in Ireland and XMWO in Luxembourg. This is a factual comparison from the fund houses' documents, not investment advice.

Which is cheaper, HMWA or XMWO?

HMWA has the lower total expense ratio (TER): 0.15% a year against 0.45% for XMWO, 0.3 percentage points less, or about 30 a year on 10,000 invested. Their key information documents state ongoing charges of 0.15% for HMWA and 0.45% for XMWO.

Which is bigger, HMWA or XMWO?

HMWA reports USD 19,262,909,151 in assets and XMWO GBP 10.90bn.

Do HMWA and XMWO hold the same companies?

XMWO replicates its index through a swap and publishes the collateral basket behind it, so the holdings overlap is not measured.

How have HMWA and XMWO performed?

Over 3 years, HMWA returned +20.4% a year and XMWO +21.2% a year. Over the past year, HMWA returned +20.9% and XMWO +14.5%. Past performance does not predict future returns.

Are HMWA and XMWO accumulating or distributing?

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