ETF comparison

HMWD vs XMWO

HSBC MSCI WORLD UCITS ETF
IE00B4X9L533HSBC
Xtrackers MSCI World Swap UCITS ETF 1C
LU0274208692Xtrackers
Figures as of 46294-01-01 (HMWD) · October 1, 2026 (XMWO)

The comparison in short

HMWD (HSBC MSCI WORLD UCITS ETF, IE00B4X9L533) and XMWO (Xtrackers MSCI World Swap UCITS ETF 1C, LU0274208692) both track the MSCI World index. HMWD 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. HMWD 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 10 years, HMWD returned +13.3% a year and XMWO +12.8% a year. XMWO reinvests its income (accumulating), while HMWD pays it out (distributing). HMWD holds the index securities directly (physical replication), while XMWO replicates its index through a swap (synthetic). HMWD is domiciled in Ireland and XMWO in Luxembourg. HMWD 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

FigureHMWDXMWO
ISINIE00B4X9L533LU0274208692
Exchange tickersHMWD, HMWO, H4ZJXMWO, 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 dateDecember 8, 2010December 19, 2006
ReplicationPhysicalSynthetic (swap)
DomicileIrelandLuxembourg
Distribution policyDistributingAccumulating
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

PeriodHMWDXMWODifference
1 year+20.9%+14.5%+6.4
3 years+20.3%+21.2%−0.9
5 years+11.4%+11.7%−0.3
10 years+13.3%+12.8%+0.5
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 HMWD

#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 HMWD and XMWO in the overlap checker

Sectors and countries

Largest sectors of HMWD

  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 HMWD

  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 HMWD and XMWO?

HMWD (HSBC MSCI WORLD UCITS ETF, IE00B4X9L533) and XMWO (Xtrackers MSCI World Swap UCITS ETF 1C, LU0274208692) both track the MSCI World index. HMWD 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. XMWO reinvests its income (accumulating), while HMWD pays it out (distributing). HMWD holds the index securities directly (physical replication), while XMWO replicates its index through a swap (synthetic). HMWD is domiciled in Ireland and XMWO in Luxembourg. This is a factual comparison from the fund houses' documents, not investment advice.

Which is cheaper, HMWD or XMWO?

HMWD 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 HMWD and 0.45% for XMWO.

Which is bigger, HMWD or XMWO?

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

Do HMWD 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 HMWD and XMWO performed?

Over 10 years, HMWD returned +13.3% a year and XMWO +12.8% a year. Over the past year, HMWD returned +20.9% and XMWO +14.5%. Past performance does not predict future returns.

Are HMWD and XMWO accumulating or distributing?

HMWD is distributing: it pays its income out to investors. 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.