CBUQ.DE vs. H41C.DE
CBUQ.DE (iShares MSCI ACWI SRI UCITS ETF USD Dist) and H41C.DE (HSBC Developed World Sustainable Equity UCITS ETF USD) are both Global Equities funds - CBUQ.DE tracks the MSCI ACWI SRI Select Reduced Fossil Fuel while H41C.DE tracks the FTSE Developed ESG Low Carbon Select. Both are passively managed. Over the past 3 years, CBUQ.DE returned 15.00%/yr vs 18.40%/yr for H41C.DE. Their correlation of 0.91 suggests significant overlap in exposure. CBUQ.DE charges 0.20%/yr vs 0.18%/yr for H41C.DE.
Performance
CBUQ.DE vs. H41C.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUQ.DE achieves a 14.37% return, which is significantly lower than H41C.DE's 15.35% return.
CBUQ.DE
- 1D
- 0.00%
- 1M
- 3.47%
- YTD
- 14.37%
- 6M
- 14.86%
- 1Y
- 24.92%
- 3Y*
- 15.00%
- 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*
- —
CBUQ.DE vs. H41C.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CBUQ.DE iShares MSCI ACWI SRI UCITS ETF USD Dist | 14.37% | 4.50% | 18.80% | 18.75% | -10.33% |
H41C.DE HSBC Developed World Sustainable Equity UCITS ETF USD | 15.35% | 10.36% | 21.66% | 16.26% | -4.59% |
Correlation
The correlation between CBUQ.DE and H41C.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 | 0.91 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2022 | 0.91 |
The correlation between CBUQ.DE and H41C.DE has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
CBUQ.DE vs. H41C.DE — Risk / Return Rank
CBUQ.DE
H41C.DE
CBUQ.DE vs. H41C.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI SRI UCITS ETF USD Dist (CBUQ.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.
| CBUQ.DE | H41C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.55 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 5.36 | -1.98 |
| Martin ratioReturn relative to average drawdown | 12.54 | 22.15 | -9.61 |
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Drawdowns
CBUQ.DE vs. H41C.DE - Drawdown Comparison
The maximum CBUQ.DE drawdown since its inception was -21.14%, roughly equal to the maximum H41C.DE drawdown of -20.76%. Use the drawdown chart below to compare losses from any high point for CBUQ.DE and H41C.DE.
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Drawdown Indicators
| CBUQ.DE | H41C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.14% | -20.76% | -0.38% |
Max Drawdown (1Y)Largest decline over 1 year | -7.40% | -5.90% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -21.14% | -20.76% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.76% | — |
Current DrawdownCurrent decline from peak | -1.28% | 0.00% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -3.14% | -3.77% | +0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 1.42% | +0.57% |
Volatility
CBUQ.DE vs. H41C.DE - Volatility Comparison
iShares MSCI ACWI SRI UCITS ETF USD Dist (CBUQ.DE) has a higher volatility of 3.88% compared to HSBC Developed World Sustainable Equity UCITS ETF USD (H41C.DE) at 3.10%. This indicates that CBUQ.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
| CBUQ.DE | H41C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 3.10% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 10.03% | 8.08% | +1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.09% | 10.84% | +2.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.88% | 13.35% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.88% | 13.31% | +0.57% |
CBUQ.DE vs. H41C.DE - Expense Ratio Comparison
CBUQ.DE has a 0.20% expense ratio, which is higher than H41C.DE's 0.18% 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
CBUQ.DE vs. H41C.DE - Dividend Comparison
CBUQ.DE's dividend yield for the trailing twelve months is around 1.24%, while H41C.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CBUQ.DE iShares MSCI ACWI SRI UCITS ETF USD Dist | 1.24% | 1.28% | 1.44% | 1.58% |
H41C.DE HSBC Developed World Sustainable Equity UCITS ETF USD | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CBUQ.DE and H41C.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, H41C.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H41C.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for CBUQ.DE.
CBUQ.DE tracks MSCI ACWI SRI Select Reduced Fossil Fuel, while H41C.DE tracks FTSE Developed ESG Low Carbon Select. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.20% for CBUQ.DE and 0.18% for H41C.DE.
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