DELG.DE vs. H412.DE

Last updated Jun 5, 2026

DELG.DE (L&G US ESG Exclusions Paris Aligned UCITS ETF USD Accumulating) and H412.DE (HSBC USA Sustainable Equity UCITS ETF USD) are both Large Cap Blend Equities funds - DELG.DE tracks the Foxberry Sustainability Consensus US while H412.DE tracks the FTSE USA ESG Low Carbon Select. Both are passively managed. Over the past 5 years, DELG.DE returned 14.64%/yr vs 13.98%/yr for H412.DE. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.12% expense ratio.

Performance

DELG.DE vs. H412.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G US ESG Exclusions Paris Aligned UCITS ETF USD Accumulating (DELG.DE) and HSBC USA Sustainable Equity UCITS ETF USD (H412.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DELG.DE achieves a 10.45% return, which is significantly lower than H412.DE's 15.33% return.

DELG.DE

• 1D: -0.17%
• 1M: 6.20%
• YTD: 10.45%
• 6M: 10.40%
• 1Y: 25.92%
• 3Y*: 19.55%
• 5Y*: 14.64%
• 10Y*: —

H412.DE

• 1D: 0.46%
• 1M: 8.41%
• YTD: 15.33%
• 6M: 16.66%
• 1Y: 32.69%
• 3Y*: 18.35%
• 5Y*: 13.98%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DELG.DE vs. H412.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DELG.DE L&G US ESG Exclusions Paris Aligned UCITS ETF USD Accumulating	10.45%	6.14%	33.62%	26.50%	-19.07%	38.54%	10.73%
H412.DE HSBC USA Sustainable Equity UCITS ETF USD	15.33%	6.12%	26.73%	17.60%	-13.13%	39.39%	7.92%

Correlation

The correlation between DELG.DE and H412.DE is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jul 16, 2020	0.96

The correlation between DELG.DE and H412.DE has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.

Return for Risk

DELG.DE vs. H412.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DELG.DE

DELG.DE Risk / Return Rank: 59
DELG.DE Sharpe Ratio Rank: 60
DELG.DE Sortino Ratio Rank: 59
DELG.DE Omega Ratio Rank: 61
DELG.DE Calmar Ratio Rank: 58
DELG.DE Martin Ratio Rank: 59

H412.DE

H412.DE Risk / Return Rank: 89
H412.DE Sharpe Ratio Rank: 88
H412.DE Sortino Ratio Rank: 88
H412.DE Omega Ratio Rank: 88
H412.DE Calmar Ratio Rank: 91
H412.DE Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DELG.DE vs. H412.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G US ESG Exclusions Paris Aligned UCITS ETF USD Accumulating (DELG.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.

	DELG.DE	H412.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.99	2.90	-0.90
Sortino ratio: Return per unit of downside risk	2.76	3.94	-1.19
Omega ratio: Gain probability vs. loss probability	1.36	1.54	-0.17
Calmar ratio: Return relative to maximum drawdown	2.82	5.88	-3.06
Martin ratio: Return relative to average drawdown	10.31	19.52	-9.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DELG.DE vs. H412.DE - Sharpe Ratio Comparison

The current DELG.DE Sharpe Ratio is 1.99, which is lower than the H412.DE Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of DELG.DE and H412.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DELG.DE	H412.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	2.90	-0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.94	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	1.06	-0.25

Drawdowns

DELG.DE vs. H412.DE - Drawdown Comparison

The maximum DELG.DE drawdown since its inception was -31.08%, 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 DELG.DE and H412.DE.

Drawdown Indicators

	DELG.DE	H412.DE	Difference
Max Drawdown Largest peak-to-trough decline	-31.08%	-24.35%	-6.73%
Max Drawdown (1Y) Largest decline over 1 year	-9.15%	-5.54%	-3.61%
Max Drawdown (3Y) Largest decline over 3 years	-24.38%	-24.35%	-0.03%
Max Drawdown (5Y) Largest decline over 5 years	-24.38%	-24.35%	-0.03%
Current Drawdown Current decline from peak	-0.57%	0.00%	-0.57%
Average Drawdown Average peak-to-trough decline	-5.47%	-4.12%	-1.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	1.67%	+0.84%

Volatility

DELG.DE vs. H412.DE - Volatility Comparison

L&G US ESG Exclusions Paris Aligned UCITS ETF USD Accumulating (DELG.DE) and HSBC USA Sustainable Equity UCITS ETF USD (H412.DE) have volatilities of 3.31% and 3.27%, 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.

Volatility by Period

	DELG.DE	H412.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.31%	3.27%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	8.95%	7.70%	+1.25%
Volatility (1Y) Calculated over the trailing 1-year period	12.95%	11.23%	+1.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.14%	14.70%	+1.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.82%	14.81%	+4.01%

DELG.DE vs. H412.DE - Expense Ratio Comparison

Both DELG.DE and H412.DE have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

DELG.DE vs. H412.DE - Dividend Comparison

Neither DELG.DE nor H412.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DELG.DE and H412.DE in my portfolio?

DELG.DE and H412.DE have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DELG.DE or H412.DE?

Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DELG.DE or H412.DE?

DELG.DE and H412.DE have the same expense ratio: 0.12% per year.

What is the main difference between DELG.DE and H412.DE?

DELG.DE tracks Foxberry Sustainability Consensus US, while H412.DE tracks FTSE USA ESG Low Carbon Select. They also come from different issuers: Legal & General and HSBC.