H412.DE vs. QDVB.DE
H412.DE (HSBC USA Sustainable Equity UCITS ETF USD) and QDVB.DE (iShares Edge MSCI USA Quality Factor UCITS ETF) are both Large Cap Blend Equities funds - H412.DE tracks the FTSE USA ESG Low Carbon Select while QDVB.DE tracks the MSCI USA Sector Neutral Quality. Both are passively managed. Over the past 5 years, H412.DE returned 13.49%/yr vs 12.25%/yr for QDVB.DE. Their correlation of 0.91 suggests significant overlap in exposure. H412.DE charges 0.12%/yr vs 0.20%/yr for QDVB.DE.
Performance
H412.DE vs. QDVB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H412.DE achieves a 16.05% return, which is significantly higher than QDVB.DE's 10.48% return.
H412.DE
- 1D
- 0.00%
- 1M
- 2.09%
- YTD
- 16.05%
- 6M
- 16.62%
- 1Y
- 33.62%
- 3Y*
- 18.91%
- 5Y*
- 13.49%
- 10Y*
- —
QDVB.DE
- 1D
- -0.69%
- 1M
- 1.28%
- YTD
- 10.48%
- 6M
- 10.79%
- 1Y
- 22.56%
- 3Y*
- 16.85%
- 5Y*
- 12.25%
- 10Y*
- —
H412.DE vs. QDVB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
H412.DE HSBC USA Sustainable Equity UCITS ETF USD | 16.05% | 6.12% | 26.73% | 17.60% | -13.13% | 39.39% | 7.95% |
QDVB.DE iShares Edge MSCI USA Quality Factor UCITS ETF | 10.48% | 0.35% | 29.28% | 26.64% | -16.49% | 39.07% | 10.29% |
Correlation
The correlation between H412.DE and QDVB.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2020 | 0.91 |
The correlation between H412.DE and QDVB.DE has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.
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Return for Risk
H412.DE vs. QDVB.DE — Risk / Return Rank
H412.DE
QDVB.DE
H412.DE vs. QDVB.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 Edge MSCI USA Quality Factor UCITS ETF (QDVB.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.
| H412.DE | QDVB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.38 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 6.10 | 3.32 | +2.78 |
| Martin ratioReturn relative to average drawdown | 20.39 | 12.21 | +8.18 |
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Drawdowns
H412.DE vs. QDVB.DE - Drawdown Comparison
The maximum H412.DE drawdown since its inception was -24.35%, smaller than the maximum QDVB.DE drawdown of -33.25%. Use the drawdown chart below to compare losses from any high point for H412.DE and QDVB.DE.
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Drawdown Indicators
| H412.DE | QDVB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.35% | -33.25% | +8.90% |
Max Drawdown (1Y)Largest decline over 1 year | -5.54% | -6.77% | +1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -24.35% | -22.69% | -1.66% |
Max Drawdown (5Y)Largest decline over 5 years | -24.35% | -22.69% | -1.66% |
Current DrawdownCurrent decline from peak | 0.00% | -0.82% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -4.01% | -5.02% | +1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.84% | -0.19% |
Volatility
H412.DE vs. QDVB.DE - Volatility Comparison
HSBC USA Sustainable Equity UCITS ETF USD (H412.DE) has a higher volatility of 3.47% compared to iShares Edge MSCI USA Quality Factor UCITS ETF (QDVB.DE) at 2.49%. This indicates that H412.DE's price experiences larger fluctuations and is considered to be riskier than QDVB.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 | QDVB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 2.49% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 8.30% | 7.46% | +0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.62% | 11.15% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.77% | 15.55% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.47% | 17.96% | -3.49% |
H412.DE vs. QDVB.DE - Expense Ratio Comparison
H412.DE has a 0.12% expense ratio, which is lower than QDVB.DE's 0.20% expense ratio. Despite the difference, 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. QDVB.DE - Dividend Comparison
Neither H412.DE nor QDVB.DE has paid dividends to shareholders.
Frequently Asked Questions
H412.DE and QDVB.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
H412.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for QDVB.DE.
H412.DE tracks FTSE USA ESG Low Carbon Select, while QDVB.DE tracks MSCI USA Sector Neutral Quality. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.12% for H412.DE and 0.20% for QDVB.DE.
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