H411.DE vs. HGGA.DE
H411.DE (HSBC MSCI AC Far East ex Japan UCITS ETF USD) and HGGA.DE (HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF) are both exchange-traded funds - H411.DE is a Asia Pacific Equities fund tracking the MSCI AC Far East ex Japan, while HGGA.DE is a Global Bonds fund tracking the Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted. Both are passively managed. Over the past 3 years, H411.DE returned 25.29%/yr vs 0.90%/yr for HGGA.DE. At a correlation of -0.05, they often move in opposite directions. H411.DE charges 0.45%/yr vs 0.18%/yr for HGGA.DE.
Performance
H411.DE vs. HGGA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H411.DE achieves a 37.68% return, which is significantly higher than HGGA.DE's 1.31% return.
H411.DE
- 1D
- -2.09%
- 1M
- 6.17%
- YTD
- 37.68%
- 6M
- 38.70%
- 1Y
- 67.18%
- 3Y*
- 25.29%
- 5Y*
- 9.18%
- 10Y*
- 11.02%
HGGA.DE
- 1D
- 0.00%
- 1M
- 0.50%
- YTD
- 1.31%
- 6M
- 0.88%
- 1Y
- 0.39%
- 3Y*
- 0.90%
- 5Y*
- —
- 10Y*
- —
H411.DE vs. HGGA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
H411.DE HSBC MSCI AC Far East ex Japan UCITS ETF USD | 37.68% | 25.21% | 18.89% | -1.55% | -16.96% |
HGGA.DE HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF | 1.31% | -4.17% | 5.69% | 0.16% | -1.86% |
Correlation
The correlation between H411.DE and HGGA.DE is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2022 | -0.05 |
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Return for Risk
H411.DE vs. HGGA.DE — Risk / Return Rank
H411.DE
HGGA.DE
H411.DE vs. HGGA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI AC Far East ex Japan UCITS ETF USD (H411.DE) and HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.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.
| H411.DE | HGGA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.33 | ||
| Sortino ratioReturn per unit of downside risk | +3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.01 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 0.08 | +3.81 |
| Martin ratioReturn relative to average drawdown | 9.66 | 0.17 | +9.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| H411.DE | HGGA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 0.05 | +2.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.04 | +0.44 |
Drawdowns
H411.DE vs. HGGA.DE - Drawdown Comparison
The maximum H411.DE drawdown since its inception was -38.70%, which is greater than HGGA.DE's maximum drawdown of -8.58%. Use the drawdown chart below to compare losses from any high point for H411.DE and HGGA.DE.
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Drawdown Indicators
| H411.DE | HGGA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.70% | -8.58% | -30.12% |
Max Drawdown (1Y)Largest decline over 1 year | -17.51% | -2.04% | -15.47% |
Max Drawdown (3Y)Largest decline over 3 years | -23.17% | -6.78% | -16.39% |
Max Drawdown (5Y)Largest decline over 5 years | -34.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.70% | — | — |
Current DrawdownCurrent decline from peak | -3.25% | -4.56% | +1.31% |
Average DrawdownAverage peak-to-trough decline | -13.29% | -4.18% | -9.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.07% | 1.02% | +6.05% |
Volatility
H411.DE vs. HGGA.DE - Volatility Comparison
HSBC MSCI AC Far East ex Japan UCITS ETF USD (H411.DE) has a higher volatility of 8.34% compared to HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.DE) at 0.53%. This indicates that H411.DE's price experiences larger fluctuations and is considered to be riskier than HGGA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H411.DE | HGGA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.34% | 0.53% | +7.81% |
Volatility (6M)Calculated over the trailing 6-month period | 16.24% | 2.33% | +13.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.65% | 3.42% | +25.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.66% | 4.98% | +16.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.44% | 4.98% | +15.46% |
H411.DE vs. HGGA.DE - Expense Ratio Comparison
H411.DE has a 0.45% expense ratio, which is higher than HGGA.DE's 0.18% expense ratio.
Dividends
H411.DE vs. HGGA.DE - Dividend Comparison
Neither H411.DE nor HGGA.DE has paid dividends to shareholders.
Frequently Asked Questions
H411.DE and HGGA.DE have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HGGA.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HGGA.DE is cheaper with a 0.18% expense ratio, compared with 0.45% for H411.DE.
H411.DE is categorized as Asia Pacific Equities, while HGGA.DE is Global Bonds. H411.DE tracks MSCI AC Far East ex Japan, while HGGA.DE tracks Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted. Their fees differ too: 0.45% for H411.DE and 0.18% for HGGA.DE.
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