H412.DE vs. UBUR.DE
H412.DE (HSBC USA Sustainable Equity UCITS ETF USD) and UBUR.DE (UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis) are both Large Cap Blend Equities funds - H412.DE tracks the FTSE USA ESG Low Carbon Select while UBUR.DE tracks the MSCI USA Select Dynamic 50% Risk Weighted. Both are passively managed. Over the past 5 years, H412.DE returned 13.98%/yr vs 6.64%/yr for UBUR.DE. At a 0.42 correlation, their price movements are largely independent. H412.DE charges 0.12%/yr vs 0.18%/yr for UBUR.DE.
Performance
H412.DE vs. UBUR.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 UBUR.DE's 0.53% 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*
- —
UBUR.DE
- 1D
- -0.14%
- 1M
- -0.81%
- YTD
- 0.53%
- 6M
- 0.76%
- 1Y
- -1.69%
- 3Y*
- 5.82%
- 5Y*
- 6.64%
- 10Y*
- —
H412.DE vs. UBUR.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% |
UBUR.DE UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis | 0.53% | -5.64% | 20.63% | 2.15% | -0.28% | 33.09% | 3.31% |
Correlation
The correlation between H412.DE and UBUR.DE is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2020 | 0.42 |
Over the past year, the correlation between H412.DE and UBUR.DE has dropped to 0.05 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.
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Return for Risk
H412.DE vs. UBUR.DE — Risk / Return Rank
H412.DE
UBUR.DE
H412.DE vs. UBUR.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 UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis (UBUR.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 | UBUR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.10 | ||
| Sortino ratioReturn per unit of downside risk | +4.15 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 0.98 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 5.88 | -0.28 | +6.16 |
| Martin ratioReturn relative to average drawdown | 19.52 | -0.64 | +20.16 |
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 | UBUR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.90 | -0.20 | +3.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.70 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 0.81 | +0.25 |
Drawdowns
H412.DE vs. UBUR.DE - Drawdown Comparison
The maximum H412.DE drawdown since its inception was -24.35%, smaller than the maximum UBUR.DE drawdown of -35.34%. Use the drawdown chart below to compare losses from any high point for H412.DE and UBUR.DE.
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Drawdown Indicators
| H412.DE | UBUR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.35% | -35.34% | +10.99% |
Max Drawdown (1Y)Largest decline over 1 year | -5.54% | -7.81% | +2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -24.35% | -14.40% | -9.95% |
Max Drawdown (5Y)Largest decline over 5 years | -24.35% | -14.40% | -9.95% |
Current DrawdownCurrent decline from peak | 0.00% | -11.30% | +11.30% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -7.34% | +3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 9.86% | -8.19% |
Volatility
H412.DE vs. UBUR.DE - Volatility Comparison
HSBC USA Sustainable Equity UCITS ETF USD (H412.DE) and UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis (UBUR.DE) have volatilities of 3.27% and 3.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H412.DE | UBUR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 3.22% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 7.70% | 7.37% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.23% | 10.99% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.70% | 15.76% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.81% | 19.45% | -4.64% |
H412.DE vs. UBUR.DE - Expense Ratio Comparison
H412.DE has a 0.12% expense ratio, which is lower than UBUR.DE's 0.18% 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. UBUR.DE - Dividend Comparison
H412.DE has not paid dividends to shareholders, while UBUR.DE's dividend yield for the trailing twelve months is around 1.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
UBUR.DE UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis | 1.60% | 1.87% | 1.44% | 1.39% | 1.28% | 0.93% | 1.62% | 1.40% | 1.37% | 0.68% |
Frequently Asked Questions
H412.DE and UBUR.DE have a correlation of 0.05, 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 0.18% for UBUR.DE.
H412.DE tracks FTSE USA ESG Low Carbon Select, while UBUR.DE tracks MSCI USA Select Dynamic 50% Risk Weighted. They also come from different issuers: HSBC and UBS. Their fees differ too: 0.12% for H412.DE and 0.18% for UBUR.DE.
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