H412.DE vs. QDVR.DE
H412.DE (HSBC USA Sustainable Equity UCITS ETF USD) and QDVR.DE (iShares MSCI USA SRI UCITS ETF USD (Acc)) are both Large Cap Blend Equities funds - H412.DE tracks the FTSE USA ESG Low Carbon Select while QDVR.DE tracks the MSCI USA SRI Select Reduced Fossil Fuels. Both are passively managed. Over the past 5 years, H412.DE returned 13.98%/yr vs 12.24%/yr for QDVR.DE. Their correlation of 0.92 suggests significant overlap in exposure. H412.DE charges 0.12%/yr vs 0.20%/yr for QDVR.DE.
Performance
H412.DE vs. QDVR.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with H412.DE having a 15.33% return and QDVR.DE slightly lower at 14.85%.
H412.DE
- 1D
- 0.46%
- 1M
- 8.41%
- YTD
- 15.33%
- 6M
- 16.66%
- 1Y
- 32.69%
- 3Y*
- 18.35%
- 5Y*
- 13.98%
- 10Y*
- —
QDVR.DE
- 1D
- 0.06%
- 1M
- 6.37%
- YTD
- 14.85%
- 6M
- 15.24%
- 1Y
- 22.43%
- 3Y*
- 14.58%
- 5Y*
- 12.24%
- 10Y*
- —
H412.DE vs. QDVR.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% |
QDVR.DE iShares MSCI USA SRI UCITS ETF USD (Acc) | 14.85% | -0.76% | 20.30% | 20.26% | -14.38% | 43.66% | 10.74% |
Correlation
The correlation between H412.DE and QDVR.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 | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2020 | 0.92 |
The correlation between H412.DE and QDVR.DE has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
H412.DE vs. QDVR.DE — Risk / Return Rank
H412.DE
QDVR.DE
H412.DE vs. QDVR.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 SRI UCITS ETF USD (Acc) (QDVR.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 | QDVR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.31 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 5.88 | 3.09 | +2.79 |
| Martin ratioReturn relative to average drawdown | 19.52 | 10.29 | +9.23 |
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 | QDVR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.90 | 1.76 | +1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.78 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 0.89 | +0.17 |
Drawdowns
H412.DE vs. QDVR.DE - Drawdown Comparison
The maximum H412.DE drawdown since its inception was -24.35%, smaller than the maximum QDVR.DE drawdown of -32.87%. Use the drawdown chart below to compare losses from any high point for H412.DE and QDVR.DE.
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Drawdown Indicators
| H412.DE | QDVR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.35% | -32.87% | +8.52% |
Max Drawdown (1Y)Largest decline over 1 year | -5.54% | -7.24% | +1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -24.35% | -23.91% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -24.35% | -23.91% | -0.44% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -4.41% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 2.18% | -0.51% |
Volatility
H412.DE vs. QDVR.DE - Volatility Comparison
The current volatility for HSBC USA Sustainable Equity UCITS ETF USD (H412.DE) is 3.27%, while iShares MSCI USA SRI UCITS ETF USD (Acc) (QDVR.DE) has a volatility of 3.67%. This indicates that H412.DE experiences smaller price fluctuations and is considered to be less risky than QDVR.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 | QDVR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 3.67% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 7.70% | 9.02% | -1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.23% | 12.69% | -1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.70% | 15.53% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.81% | 16.34% | -1.53% |
H412.DE vs. QDVR.DE - Expense Ratio Comparison
H412.DE has a 0.12% expense ratio, which is lower than QDVR.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. QDVR.DE - Dividend Comparison
Neither H412.DE nor QDVR.DE has paid dividends to shareholders.
Frequently Asked Questions
H412.DE and QDVR.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 QDVR.DE.
H412.DE tracks FTSE USA ESG Low Carbon Select, while QDVR.DE tracks MSCI USA SRI Select Reduced Fossil Fuels. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.12% for H412.DE and 0.20% for QDVR.DE.
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