EXI3.DE vs. H412.DE

Last updated Jun 5, 2026

EXI3.DE (iShares Dow Jones Industrial Average UCITS ETF (DE)) and H412.DE (HSBC USA Sustainable Equity UCITS ETF USD) are both Large Cap Blend Equities funds - EXI3.DE tracks the Dow Jones Industrial Average while H412.DE tracks the FTSE USA ESG Low Carbon Select. Both are passively managed. Over the past 5 years, EXI3.DE returned 10.15%/yr vs 13.98%/yr for H412.DE. Their correlation of 0.87 suggests significant overlap in exposure. EXI3.DE charges 0.51%/yr vs 0.12%/yr for H412.DE.

Performance

EXI3.DE vs. H412.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Dow Jones Industrial Average UCITS ETF (DE) (EXI3.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, EXI3.DE achieves a 7.97% return, which is significantly lower than H412.DE's 15.33% return.

EXI3.DE

• 1D: 1.20%
• 1M: 4.70%
• YTD: 7.97%
• 6M: 8.07%
• 1Y: 20.04%
• 3Y*: 13.03%
• 5Y*: 10.15%
• 10Y*: 11.97%

H412.DE

• 1D: 0.46%
• 1M: 7.70%
• YTD: 15.33%
• 6M: 15.89%
• 1Y: 32.34%
• 3Y*: 18.35%
• 5Y*: 13.98%
• 10Y*: —

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

EXI3.DE vs. H412.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EXI3.DE iShares Dow Jones Industrial Average UCITS ETF (DE)	7.97%	1.60%	20.65%	11.22%	-3.15%	31.43%	5.76%
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 EXI3.DE and H412.DE is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jul 16, 2020	0.87

The correlation between EXI3.DE and H412.DE has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.

Return for Risk

EXI3.DE vs. H412.DE — Risk / Return Rank

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

EXI3.DE

EXI3.DE Risk / Return Rank: 50
EXI3.DE Sharpe Ratio Rank: 48
EXI3.DE Sortino Ratio Rank: 50
EXI3.DE Omega Ratio Rank: 47
EXI3.DE Calmar Ratio Rank: 55
EXI3.DE Martin Ratio Rank: 52

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.

EXI3.DE vs. H412.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Dow Jones Industrial Average UCITS ETF (DE) (EXI3.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.

	EXI3.DE	H412.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.64	2.90	-1.25
Sortino ratio: Return per unit of downside risk	2.39	3.94	-1.56
Omega ratio: Gain probability vs. loss probability	1.30	1.54	-0.24
Calmar ratio: Return relative to maximum drawdown	2.66	5.88	-3.22
Martin ratio: Return relative to average drawdown	8.77	19.52	-10.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EXI3.DE vs. H412.DE - Sharpe Ratio Comparison

The current EXI3.DE Sharpe Ratio is 1.64, which is lower than the H412.DE Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of EXI3.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

	EXI3.DE	H412.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	2.90	-1.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.94	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	1.06	-0.66

Drawdowns

EXI3.DE vs. H412.DE - Drawdown Comparison

The maximum EXI3.DE drawdown since its inception was -53.00%, 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 EXI3.DE and H412.DE.

Drawdown Indicators

	EXI3.DE	H412.DE	Difference
Max Drawdown Largest peak-to-trough decline	-53.00%	-24.35%	-28.65%
Max Drawdown (1Y) Largest decline over 1 year	-7.45%	-5.54%	-1.91%
Max Drawdown (3Y) Largest decline over 3 years	-21.22%	-24.35%	+3.13%
Max Drawdown (5Y) Largest decline over 5 years	-21.22%	-24.35%	+3.13%
Max Drawdown (10Y) Largest decline over 10 years	-36.35%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-13.52%	-4.12%	-9.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	1.67%	+0.59%

Volatility

EXI3.DE vs. H412.DE - Volatility Comparison

The current volatility for iShares Dow Jones Industrial Average UCITS ETF (DE) (EXI3.DE) is 2.86%, while HSBC USA Sustainable Equity UCITS ETF USD (H412.DE) has a volatility of 3.27%. This indicates that EXI3.DE experiences smaller price fluctuations and is considered to be less risky than H412.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EXI3.DE	H412.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.86%	3.27%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	8.40%	7.70%	+0.70%
Volatility (1Y) Calculated over the trailing 1-year period	12.05%	11.23%	+0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.08%	14.70%	-0.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.06%	14.81%	+1.25%

EXI3.DE vs. H412.DE - Expense Ratio Comparison

EXI3.DE has a 0.51% expense ratio, which is higher than H412.DE's 0.12% expense ratio.

Dividends

EXI3.DE vs. H412.DE - Dividend Comparison

EXI3.DE's dividend yield for the trailing twelve months is around 0.59%, while H412.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EXI3.DE iShares Dow Jones Industrial Average UCITS ETF (DE)	0.59%	0.63%	0.75%	0.91%	0.93%	0.67%	1.08%	1.06%	0.73%	1.23%	1.43%	1.95%
H412.DE HSBC USA Sustainable Equity UCITS ETF USD	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EXI3.DE and H412.DE in my portfolio?

EXI3.DE and H412.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EXI3.DE or H412.DE?

On fees, H412.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EXI3.DE or H412.DE?

H412.DE is cheaper with a 0.12% expense ratio, compared with 0.51% for EXI3.DE.

What is the main difference between EXI3.DE and H412.DE?

EXI3.DE tracks Dow Jones Industrial Average, while H412.DE tracks FTSE USA ESG Low Carbon Select. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.51% for EXI3.DE and 0.12% for H412.DE.