CBUC.DE vs. H412.DE
CBUC.DE (iShares MSCI USA CTB Enhanced ESG UCITS ETF EUR Hedged (Acc)) and H412.DE (HSBC USA Sustainable Equity UCITS ETF USD) are both Large Cap Blend Equities funds - CBUC.DE tracks the MSCI USA ESG Enhanced Focus CTB Index (EUR Hedged) while H412.DE tracks the FTSE USA ESG Low Carbon Select. Both are passively managed. Over the past 5 years, CBUC.DE returned 8.29%/yr vs 13.00%/yr for H412.DE. A 0.77 correlation means they provide meaningful diversification when combined.
Performance
CBUC.DE vs. H412.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUC.DE achieves a 6.79% return, which is significantly lower than H412.DE's 16.09% return.
CBUC.DE
- 1D
- -0.26%
- 1M
- -1.31%
- 6M
- 7.70%
- YTD
- 6.79%
- 1Y
- 15.98%
- 3Y*
- 16.38%
- 5Y*
- 8.29%
- 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*
- —
CBUC.DE vs. H412.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CBUC.DE iShares MSCI USA CTB Enhanced ESG UCITS ETF EUR Hedged (Acc) | 6.79% | 13.30% | 21.88% | 22.78% | -24.86% | 10.56% |
H412.DE HSBC USA Sustainable Equity UCITS ETF USD | 16.09% | 6.12% | 26.73% | 17.60% | -13.13% | 18.08% |
Correlation
The correlation between CBUC.DE and H412.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2021 | 0.77 |
Over the past year, the correlation between CBUC.DE and H412.DE has dropped to 0.57 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
CBUC.DE vs. H412.DE — Risk / Return Rank
CBUC.DE
H412.DE
CBUC.DE vs. H412.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA CTB Enhanced ESG UCITS ETF EUR Hedged (Acc) (CBUC.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.
| CBUC.DE | H412.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.48 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 5.54 | -3.94 |
| Martin ratioReturn relative to average drawdown | 6.23 | 18.47 | -12.24 |
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Drawdowns
CBUC.DE vs. H412.DE - Drawdown Comparison
The maximum CBUC.DE drawdown since its inception was -29.01%, 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 CBUC.DE and H412.DE.
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Drawdown Indicators
| CBUC.DE | H412.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.01% | -24.35% | -4.66% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -5.54% | -4.43% |
Max Drawdown (3Y)Largest decline over 3 years | -19.41% | -24.35% | +4.94% |
Max Drawdown (5Y)Largest decline over 5 years | -29.01% | -24.35% | -4.66% |
Current DrawdownCurrent decline from peak | -1.31% | -0.65% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -8.38% | -3.99% | -4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 1.66% | +0.90% |
Volatility
CBUC.DE vs. H412.DE - Volatility Comparison
iShares MSCI USA CTB Enhanced ESG UCITS ETF EUR Hedged (Acc) (CBUC.DE) has a higher volatility of 4.78% compared to HSBC USA Sustainable Equity UCITS ETF USD (H412.DE) at 3.87%. This indicates that CBUC.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
| CBUC.DE | H412.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 3.87% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 8.44% | +2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.55% | 11.74% | +1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.93% | 14.78% | +2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.90% | 14.47% | +2.43% |
Dividends
CBUC.DE vs. H412.DE - Dividend Comparison
Neither CBUC.DE nor H412.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUC.DE and H412.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CBUC.DE tracks MSCI USA ESG Enhanced Focus CTB Index (EUR Hedged), while H412.DE tracks FTSE USA ESG Low Carbon Select. They also come from different issuers: iShares and HSBC.
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