AW1F.DE vs. H412.DE
AW1F.DE (UBS ETF (IE) MSCI USA ESG Universal Low Carbon Select UCITS ETF (USD) Acc) and H412.DE (HSBC USA Sustainable Equity UCITS ETF USD) are both Large Cap Blend Equities funds - AW1F.DE tracks the MSCI USA ESG Universal Low Carbon Select 5% Issuer Capped while H412.DE tracks the FTSE USA ESG Low Carbon Select. Both are passively managed. Over the past 3 years, AW1F.DE returned 19.67%/yr vs 18.91%/yr for H412.DE. With a 0.96 correlation, they move nearly in lockstep. AW1F.DE charges 0.07%/yr vs 0.12%/yr for H412.DE.
Performance
AW1F.DE vs. H412.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AW1F.DE achieves a 12.99% return, which is significantly lower than H412.DE's 16.05% return.
AW1F.DE
- 1D
- 0.00%
- 1M
- 2.23%
- YTD
- 12.99%
- 6M
- 13.25%
- 1Y
- 26.73%
- 3Y*
- 19.67%
- 5Y*
- —
- 10Y*
- —
H412.DE
- 1D
- 0.00%
- 1M
- 2.09%
- YTD
- 16.05%
- 6M
- 16.62%
- 1Y
- 33.62%
- 3Y*
- 18.91%
- 5Y*
- 13.49%
- 10Y*
- —
AW1F.DE vs. H412.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AW1F.DE UBS ETF (IE) MSCI USA ESG Universal Low Carbon Select UCITS ETF (USD) Acc | 12.99% | 3.65% | 32.30% | 24.10% | -18.01% | 12.73% |
H412.DE HSBC USA Sustainable Equity UCITS ETF USD | 16.05% | 6.12% | 26.73% | 17.60% | -13.13% | 13.14% |
Correlation
The correlation between AW1F.DE and H412.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 | 0.94 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021 | 0.96 |
The correlation between AW1F.DE and H412.DE has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
AW1F.DE vs. H412.DE — Risk / Return Rank
AW1F.DE
H412.DE
AW1F.DE vs. H412.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI USA ESG Universal Low Carbon Select UCITS ETF (USD) Acc (AW1F.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.
| AW1F.DE | H412.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.54 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 6.10 | -3.02 |
| Martin ratioReturn relative to average drawdown | 10.74 | 20.39 | -9.66 |
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Drawdowns
AW1F.DE vs. H412.DE - Drawdown Comparison
The maximum AW1F.DE drawdown since its inception was -23.95%, roughly equal to the maximum H412.DE drawdown of -24.35%. Use the drawdown chart below to compare losses from any high point for AW1F.DE and H412.DE.
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Drawdown Indicators
| AW1F.DE | H412.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.95% | -24.35% | +0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -5.54% | -3.19% |
Max Drawdown (3Y)Largest decline over 3 years | -23.95% | -24.35% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.35% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -4.01% | -1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 1.65% | +0.85% |
Volatility
AW1F.DE vs. H412.DE - Volatility Comparison
UBS ETF (IE) MSCI USA ESG Universal Low Carbon Select UCITS ETF (USD) Acc (AW1F.DE) and HSBC USA Sustainable Equity UCITS ETF USD (H412.DE) have volatilities of 3.62% and 3.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AW1F.DE | H412.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 3.47% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 8.78% | 8.30% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.56% | 11.62% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.87% | 14.77% | +1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 14.47% | +1.40% |
AW1F.DE vs. H412.DE - Expense Ratio Comparison
AW1F.DE has a 0.07% expense ratio, which is lower than H412.DE's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AW1F.DE vs. H412.DE - Dividend Comparison
Neither AW1F.DE nor H412.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, AW1F.DE and H412.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.
On fees, AW1F.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW1F.DE is cheaper with a 0.07% expense ratio, compared with 0.12% for H412.DE.
AW1F.DE tracks MSCI USA ESG Universal Low Carbon Select 5% Issuer Capped, while H412.DE tracks FTSE USA ESG Low Carbon Select. They also come from different issuers: UBS and HSBC. Their fees differ too: 0.07% for AW1F.DE and 0.12% for H412.DE.
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