H412.DE vs. EDMU.DE
H412.DE (HSBC USA Sustainable Equity UCITS ETF USD) and EDMU.DE (iShares MSCI USA ESG Enhanced UCITS ETF USD Acc) are both Large Cap Blend Equities funds - H412.DE tracks the FTSE USA ESG Low Carbon Select while EDMU.DE tracks the MSCI USA ESG Enhanced Focus. Both are passively managed. Over the past 5 years, H412.DE returned 13.98%/yr vs 12.84%/yr for EDMU.DE. With a 0.97 correlation, they move nearly in lockstep. H412.DE charges 0.12%/yr vs 0.07%/yr for EDMU.DE.
Performance
H412.DE vs. EDMU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H412.DE achieves a 15.33% return, which is significantly higher than EDMU.DE's 10.40% return.
H412.DE
- 1D
- 0.46%
- 1M
- 8.41%
- YTD
- 15.33%
- 6M
- 16.66%
- 1Y
- 32.69%
- 3Y*
- 18.35%
- 5Y*
- 13.98%
- 10Y*
- —
EDMU.DE
- 1D
- -0.09%
- 1M
- 5.49%
- YTD
- 10.40%
- 6M
- 10.34%
- 1Y
- 23.34%
- 3Y*
- 17.44%
- 5Y*
- 12.84%
- 10Y*
- —
H412.DE vs. EDMU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
H412.DE HSBC USA Sustainable Equity UCITS ETF USD | 15.33% | 6.12% | 26.73% | 17.60% | -13.13% | 39.39% | 7.92% |
EDMU.DE iShares MSCI USA ESG Enhanced UCITS ETF USD Acc | 10.40% | 2.64% | 31.12% | 22.05% | -17.35% | 38.97% | 10.16% |
Correlation
The correlation between H412.DE and EDMU.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2020 | 0.97 |
The correlation between H412.DE and EDMU.DE has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
H412.DE vs. EDMU.DE — Risk / Return Rank
H412.DE
EDMU.DE
H412.DE vs. EDMU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC USA Sustainable Equity UCITS ETF USD (H412.DE) and iShares MSCI USA ESG Enhanced UCITS ETF USD Acc (EDMU.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.
| H412.DE | EDMU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.36 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 5.88 | 2.85 | +3.02 |
| Martin ratioReturn relative to average drawdown | 19.52 | 9.88 | +9.64 |
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
| H412.DE | EDMU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.90 | 1.95 | +0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.82 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 0.83 | +0.23 |
Drawdowns
H412.DE vs. EDMU.DE - Drawdown Comparison
The maximum H412.DE drawdown since its inception was -24.35%, smaller than the maximum EDMU.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for H412.DE and EDMU.DE.
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Drawdown Indicators
| H412.DE | EDMU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.35% | -33.43% | +9.08% |
Max Drawdown (1Y)Largest decline over 1 year | -5.54% | -8.15% | +2.61% |
Max Drawdown (3Y)Largest decline over 3 years | -24.35% | -24.12% | -0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -24.35% | -24.12% | -0.23% |
Current DrawdownCurrent decline from peak | 0.00% | -0.41% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -5.36% | +1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 2.36% | -0.69% |
Volatility
H412.DE vs. EDMU.DE - Volatility Comparison
HSBC USA Sustainable Equity UCITS ETF USD (H412.DE) has a higher volatility of 3.27% compared to iShares MSCI USA ESG Enhanced UCITS ETF USD Acc (EDMU.DE) at 2.69%. This indicates that H412.DE's price experiences larger fluctuations and is considered to be riskier than EDMU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H412.DE | EDMU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 2.69% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 7.70% | 7.80% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.23% | 11.93% | -0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.70% | 15.55% | -0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.81% | 17.39% | -2.58% |
H412.DE vs. EDMU.DE - Expense Ratio Comparison
H412.DE has a 0.12% expense ratio, which is higher than EDMU.DE's 0.07% 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
H412.DE vs. EDMU.DE - Dividend Comparison
Neither H412.DE nor EDMU.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, H412.DE and EDMU.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, EDMU.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EDMU.DE is cheaper with a 0.07% expense ratio, compared with 0.12% for H412.DE.
H412.DE tracks FTSE USA ESG Low Carbon Select, while EDMU.DE tracks MSCI USA ESG Enhanced Focus. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.12% for H412.DE and 0.07% for EDMU.DE.
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