36B6.DE vs. H412.DE
36B6.DE (iShares MSCI USA SRI UCITS ETF USD Dist) and H412.DE (HSBC USA Sustainable Equity UCITS ETF USD) are both Large Cap Blend Equities funds - 36B6.DE tracks the MSCI USA SRI Select Reduced Fossil Fuels while H412.DE tracks the FTSE USA ESG Low Carbon Select. Both are passively managed. Over the past 5 years, 36B6.DE returned 12.25%/yr vs 13.98%/yr for H412.DE. Their correlation of 0.92 suggests significant overlap in exposure. 36B6.DE charges 0.20%/yr vs 0.12%/yr for H412.DE.
Performance
36B6.DE vs. H412.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with 36B6.DE having a 14.86% return and H412.DE slightly higher at 15.33%.
36B6.DE
- 1D
- 0.12%
- 1M
- 4.77%
- YTD
- 14.86%
- 6M
- 14.34%
- 1Y
- 22.45%
- 3Y*
- 14.59%
- 5Y*
- 12.25%
- 10Y*
- —
H412.DE
- 1D
- 0.46%
- 1M
- 7.70%
- YTD
- 15.33%
- 6M
- 15.89%
- 1Y
- 32.34%
- 3Y*
- 18.35%
- 5Y*
- 13.98%
- 10Y*
- —
36B6.DE vs. H412.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
36B6.DE iShares MSCI USA SRI UCITS ETF USD Dist | 14.86% | -0.74% | 20.34% | 20.20% | -14.25% | 43.41% | 10.77% |
H412.DE HSBC USA Sustainable Equity UCITS ETF USD | 15.33% | 6.12% | 26.73% | 17.60% | -13.13% | 39.39% | 7.92% |
Correlation
The correlation between 36B6.DE and H412.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2020 | 0.92 |
The correlation between 36B6.DE and H412.DE has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
36B6.DE vs. H412.DE — Risk / Return Rank
36B6.DE
H412.DE
36B6.DE vs. H412.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA SRI UCITS ETF USD Dist (36B6.DE) and HSBC USA Sustainable Equity UCITS ETF USD (H412.DE). 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.
| 36B6.DE | H412.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.54 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 5.88 | -2.78 |
| Martin ratioReturn relative to average drawdown | 10.29 | 19.52 | -9.23 |
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
| 36B6.DE | H412.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 2.90 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.94 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 1.06 | -0.21 |
Drawdowns
36B6.DE vs. H412.DE - Drawdown Comparison
The maximum 36B6.DE drawdown since its inception was -34.21%, which is greater than H412.DE's maximum drawdown of -24.35%. Use the drawdown chart below to compare losses from any high point for 36B6.DE and H412.DE.
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Drawdown Indicators
| 36B6.DE | H412.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.21% | -24.35% | -9.86% |
Max Drawdown (1Y)Largest decline over 1 year | -7.21% | -5.54% | -1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -23.75% | -24.35% | +0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -23.75% | -24.35% | +0.60% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.98% | -4.12% | -0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 1.67% | +0.50% |
Volatility
36B6.DE vs. H412.DE - Volatility Comparison
iShares MSCI USA SRI UCITS ETF USD Dist (36B6.DE) has a higher volatility of 3.79% compared to HSBC USA Sustainable Equity UCITS ETF USD (H412.DE) at 3.27%. This indicates that 36B6.DE's price experiences larger fluctuations and is considered to be riskier than H412.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36B6.DE | H412.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 3.27% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 9.08% | 7.70% | +1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.71% | 11.23% | +1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.45% | 14.70% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 14.81% | +2.73% |
36B6.DE vs. H412.DE - Expense Ratio Comparison
36B6.DE has a 0.20% expense ratio, which is higher than H412.DE's 0.12% 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
36B6.DE vs. H412.DE - Dividend Comparison
36B6.DE's dividend yield for the trailing twelve months is around 0.85%, while H412.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B6.DE iShares MSCI USA SRI UCITS ETF USD Dist | 0.85% | 0.97% | 1.10% | 1.27% | 1.40% | 0.91% | 1.05% | 1.17% |
H412.DE HSBC USA Sustainable Equity UCITS ETF USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
36B6.DE and H412.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H412.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H412.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for 36B6.DE.
36B6.DE tracks MSCI USA SRI Select Reduced Fossil Fuels, while H412.DE tracks FTSE USA ESG Low Carbon Select. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.20% for 36B6.DE and 0.12% for H412.DE.
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