AW14.DE vs. H41C.DE
AW14.DE (UBS ETF (IE) MSCI ACWI Climate Paris Aligned UCITS ETF (USD) Acc) and H41C.DE (HSBC Developed World Sustainable Equity UCITS ETF USD) are both Global Equities funds - AW14.DE tracks the MSCI ACWI Climate Paris Aligned while H41C.DE tracks the FTSE Developed ESG Low Carbon Select. Both are passively managed. Over the past 3 years, AW14.DE returned 16.19%/yr vs 18.40%/yr for H41C.DE. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.18% expense ratio.
Performance
AW14.DE vs. H41C.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AW14.DE achieves a 9.73% return, which is significantly lower than H41C.DE's 15.35% return.
AW14.DE
- 1D
- 0.00%
- 1M
- 0.74%
- YTD
- 9.73%
- 6M
- 10.14%
- 1Y
- 22.36%
- 3Y*
- 16.19%
- 5Y*
- —
- 10Y*
- —
H41C.DE
- 1D
- 0.00%
- 1M
- 2.16%
- YTD
- 15.35%
- 6M
- 16.03%
- 1Y
- 31.49%
- 3Y*
- 18.40%
- 5Y*
- 12.46%
- 10Y*
- —
AW14.DE vs. H41C.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AW14.DE UBS ETF (IE) MSCI ACWI Climate Paris Aligned UCITS ETF (USD) Acc | 9.73% | 6.83% | 23.93% | 18.70% | -16.33% | 8.23% |
H41C.DE HSBC Developed World Sustainable Equity UCITS ETF USD | 15.35% | 10.36% | 21.66% | 16.26% | -12.60% | 9.85% |
Correlation
The correlation between AW14.DE and H41C.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021 | 0.94 |
The correlation between AW14.DE and H41C.DE has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
AW14.DE vs. H41C.DE — Risk / Return Rank
AW14.DE
H41C.DE
AW14.DE vs. H41C.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI ACWI Climate Paris Aligned UCITS ETF (USD) Acc (AW14.DE) and HSBC Developed World Sustainable Equity UCITS ETF USD (H41C.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.
| AW14.DE | H41C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.55 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 5.36 | -2.63 |
| Martin ratioReturn relative to average drawdown | 10.36 | 22.15 | -11.80 |
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Drawdowns
AW14.DE vs. H41C.DE - Drawdown Comparison
The maximum AW14.DE drawdown since its inception was -21.21%, roughly equal to the maximum H41C.DE drawdown of -20.76%. Use the drawdown chart below to compare losses from any high point for AW14.DE and H41C.DE.
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Drawdown Indicators
| AW14.DE | H41C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.21% | -20.76% | -0.45% |
Max Drawdown (1Y)Largest decline over 1 year | -8.23% | -5.90% | -2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -21.21% | -20.76% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.76% | — |
Current DrawdownCurrent decline from peak | -0.70% | 0.00% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -5.46% | -3.77% | -1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 1.42% | +0.74% |
Volatility
AW14.DE vs. H41C.DE - Volatility Comparison
UBS ETF (IE) MSCI ACWI Climate Paris Aligned UCITS ETF (USD) Acc (AW14.DE) has a higher volatility of 3.57% compared to HSBC Developed World Sustainable Equity UCITS ETF USD (H41C.DE) at 3.10%. This indicates that AW14.DE's price experiences larger fluctuations and is considered to be riskier than H41C.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AW14.DE | H41C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 3.10% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 8.94% | 8.08% | +0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.30% | 10.84% | +1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 13.35% | +1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.39% | 13.31% | +1.08% |
AW14.DE vs. H41C.DE - Expense Ratio Comparison
Both AW14.DE and H41C.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
AW14.DE vs. H41C.DE - Dividend Comparison
Neither AW14.DE nor H41C.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, AW14.DE and H41C.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
AW14.DE and H41C.DE have the same expense ratio: 0.18% per year.
AW14.DE tracks MSCI ACWI Climate Paris Aligned, while H41C.DE tracks FTSE Developed ESG Low Carbon Select. They also come from different issuers: UBS and HSBC.
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