H412.DE vs. WTEF.DE
H412.DE (HSBC USA Sustainable Equity UCITS ETF USD) and WTEF.DE (WisdomTree US Efficient Core UCITS ETF USD Unhedged Acc) are both Large Cap Blend Equities funds - H412.DE tracks the FTSE USA ESG Low Carbon Select while WTEF.DE tracks the WisdomTree US Efficient Core UCITS. Both are passively managed. Over the past year, H412.DE returned 32.69% vs 21.98% for WTEF.DE. A 0.79 correlation means they provide meaningful diversification when combined. H412.DE charges 0.12%/yr vs 0.20%/yr for WTEF.DE.
Performance
H412.DE vs. WTEF.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 WTEF.DE's 9.49% 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*
- —
WTEF.DE
- 1D
- -0.22%
- 1M
- 4.47%
- YTD
- 9.49%
- 6M
- 9.89%
- 1Y
- 21.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
H412.DE vs. WTEF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
H412.DE HSBC USA Sustainable Equity UCITS ETF USD | 15.33% | 6.12% | 26.73% | 4.42% |
WTEF.DE WisdomTree US Efficient Core UCITS ETF USD Unhedged Acc | 9.49% | 3.44% | 28.84% | 6.12% |
Correlation
The correlation between H412.DE and WTEF.DE is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2023 | 0.79 |
The correlation between H412.DE and WTEF.DE has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.
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Return for Risk
H412.DE vs. WTEF.DE — Risk / Return Rank
H412.DE
WTEF.DE
H412.DE vs. WTEF.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 WisdomTree US Efficient Core UCITS ETF USD Unhedged Acc (WTEF.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 | WTEF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.30 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 5.88 | 2.57 | +3.31 |
| Martin ratioReturn relative to average drawdown | 19.52 | 8.75 | +10.77 |
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 | WTEF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.90 | 1.66 | +1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 1.20 | -0.14 |
Drawdowns
H412.DE vs. WTEF.DE - Drawdown Comparison
The maximum H412.DE drawdown since its inception was -24.35%, which is greater than WTEF.DE's maximum drawdown of -22.39%. Use the drawdown chart below to compare losses from any high point for H412.DE and WTEF.DE.
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Drawdown Indicators
| H412.DE | WTEF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.35% | -22.39% | -1.96% |
Max Drawdown (1Y)Largest decline over 1 year | -5.54% | -8.53% | +2.99% |
Max Drawdown (3Y)Largest decline over 3 years | -24.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.35% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.52% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -3.55% | -0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 2.51% | -0.84% |
Volatility
H412.DE vs. WTEF.DE - Volatility Comparison
The current volatility for HSBC USA Sustainable Equity UCITS ETF USD (H412.DE) is 3.27%, while WisdomTree US Efficient Core UCITS ETF USD Unhedged Acc (WTEF.DE) has a volatility of 3.73%. This indicates that H412.DE experiences smaller price fluctuations and is considered to be less risky than WTEF.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 | WTEF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 3.73% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 7.70% | 9.66% | -1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.23% | 13.17% | -1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.70% | 14.98% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.81% | 14.98% | -0.17% |
H412.DE vs. WTEF.DE - Expense Ratio Comparison
H412.DE has a 0.12% expense ratio, which is lower than WTEF.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. WTEF.DE - Dividend Comparison
Neither H412.DE nor WTEF.DE has paid dividends to shareholders.
Frequently Asked Questions
H412.DE and WTEF.DE have a correlation of 0.73, 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 WTEF.DE.
H412.DE tracks FTSE USA ESG Low Carbon Select, while WTEF.DE tracks WisdomTree US Efficient Core UCITS. They also come from different issuers: HSBC and WisdomTree. Their fees differ too: 0.12% for H412.DE and 0.20% for WTEF.DE.
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