3SUR.DE vs. H412.DE
3SUR.DE (iShares MSCI USA SRI UCITS ETF EUR Hedged (Dist)) and H412.DE (HSBC USA Sustainable Equity UCITS ETF USD) are both Large Cap Blend Equities funds - 3SUR.DE tracks the MSCI USA SRI Select Reduced Fossil Fuels (EUR Hedged) Index while H412.DE tracks the FTSE USA ESG Low Carbon Select. Both are passively managed. Over the past 5 years, 3SUR.DE returned 8.24%/yr vs 13.00%/yr for H412.DE. A 0.74 correlation means they provide meaningful diversification when combined. 3SUR.DE charges 0.23%/yr vs 0.12%/yr for H412.DE.
Performance
3SUR.DE vs. H412.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 3SUR.DE achieves a 13.80% return, which is significantly lower than H412.DE's 16.09% return.
3SUR.DE
- 1D
- 0.54%
- 1M
- 1.52%
- 6M
- 14.74%
- YTD
- 13.80%
- 1Y
- 18.83%
- 3Y*
- 13.80%
- 5Y*
- 8.24%
- 10Y*
- —
H412.DE
- 1D
- 0.00%
- 1M
- 1.12%
- 6M
- 17.14%
- YTD
- 16.09%
- 1Y
- 30.51%
- 3Y*
- 17.97%
- 5Y*
- 13.00%
- 10Y*
- —
3SUR.DE vs. H412.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
3SUR.DE iShares MSCI USA SRI UCITS ETF EUR Hedged (Dist) | 13.80% | 9.40% | 11.63% | 20.98% | -22.39% | 31.13% | 20.03% |
H412.DE HSBC USA Sustainable Equity UCITS ETF USD | 16.09% | 6.12% | 26.73% | 17.60% | -13.13% | 39.39% | 7.95% |
Correlation
The correlation between 3SUR.DE and H412.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2020 | 0.74 |
The correlation between 3SUR.DE and H412.DE has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.
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Return for Risk
3SUR.DE vs. H412.DE — Risk / Return Rank
3SUR.DE
H412.DE
3SUR.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 EUR Hedged (Dist) (3SUR.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 3SUR.DE | H412.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.48 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 5.54 | -3.42 |
| Martin ratioReturn relative to average drawdown | 7.81 | 18.47 | -10.66 |
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Drawdowns
3SUR.DE vs. H412.DE - Drawdown Comparison
The maximum 3SUR.DE drawdown since its inception was -33.43%, 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 3SUR.DE and H412.DE.
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Drawdown Indicators
| 3SUR.DE | H412.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -24.35% | -9.08% |
Max Drawdown (1Y)Largest decline over 1 year | -8.85% | -5.54% | -3.31% |
Max Drawdown (3Y)Largest decline over 3 years | -20.15% | -24.35% | +4.20% |
Max Drawdown (5Y)Largest decline over 5 years | -27.69% | -24.35% | -3.34% |
Current DrawdownCurrent decline from peak | -0.84% | -0.65% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -6.48% | -3.99% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 1.66% | +0.74% |
Volatility
3SUR.DE vs. H412.DE - Volatility Comparison
iShares MSCI USA SRI UCITS ETF EUR Hedged (Dist) (3SUR.DE) has a higher volatility of 4.81% compared to HSBC USA Sustainable Equity UCITS ETF USD (H412.DE) at 3.87%. This indicates that 3SUR.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
| 3SUR.DE | H412.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 3.87% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 10.82% | 8.44% | +2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.43% | 11.74% | +1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.51% | 14.78% | +1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.78% | 14.47% | +3.31% |
3SUR.DE vs. H412.DE - Expense Ratio Comparison
3SUR.DE has a 0.23% 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
3SUR.DE vs. H412.DE - Dividend Comparison
3SUR.DE's dividend yield for the trailing twelve months is around 0.88%, while H412.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
3SUR.DE iShares MSCI USA SRI UCITS ETF EUR Hedged (Dist) | 0.88% | 0.91% | 1.11% | 1.24% | 1.42% | 0.94% | 0.95% | 1.19% | 0.60% |
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% | 0.00% |
Frequently Asked Questions
3SUR.DE and H412.DE have a correlation of 0.74, 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 0.23% for 3SUR.DE.
3SUR.DE tracks MSCI USA SRI Select Reduced Fossil Fuels (EUR Hedged) Index, while H412.DE tracks FTSE USA ESG Low Carbon Select. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.23% for 3SUR.DE and 0.12% for H412.DE.
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