H412.DE vs. XZMU.DE
H412.DE (HSBC USA Sustainable Equity UCITS ETF USD) and XZMU.DE (Xtrackers MSCI USA ESG UCITS ETF 1C) are both Large Cap Blend Equities funds - H412.DE tracks the FTSE USA ESG Low Carbon Select while XZMU.DE tracks the MSCI USA Low Carbon SRI Leaders. Both are passively managed. Over the past 5 years, H412.DE returned 13.98%/yr vs 14.63%/yr for XZMU.DE. Their correlation of 0.95 suggests significant overlap in exposure. H412.DE charges 0.12%/yr vs 0.15%/yr for XZMU.DE.
Performance
H412.DE vs. XZMU.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 XZMU.DE's 8.21% 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*
- —
XZMU.DE
- 1D
- 0.69%
- 1M
- 5.33%
- YTD
- 8.21%
- 6M
- 9.17%
- 1Y
- 23.46%
- 3Y*
- 18.71%
- 5Y*
- 14.63%
- 10Y*
- —
H412.DE vs. XZMU.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% |
XZMU.DE Xtrackers MSCI USA ESG UCITS ETF 1C | 8.21% | 5.12% | 32.57% | 26.56% | -17.86% | 45.90% | 7.90% |
Correlation
The correlation between H412.DE and XZMU.DE is 0.90, 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 | 0.90 |
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 16, 2020 | 0.95 |
The correlation between H412.DE and XZMU.DE has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
H412.DE vs. XZMU.DE — Risk / Return Rank
H412.DE
XZMU.DE
H412.DE vs. XZMU.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 Xtrackers MSCI USA ESG UCITS ETF 1C (XZMU.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 | XZMU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.33 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 5.88 | 2.16 | +3.72 |
| Martin ratioReturn relative to average drawdown | 19.52 | 7.62 | +11.90 |
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 | XZMU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.90 | 1.84 | +1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.89 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 0.94 | +0.12 |
Drawdowns
H412.DE vs. XZMU.DE - Drawdown Comparison
The maximum H412.DE drawdown since its inception was -24.35%, smaller than the maximum XZMU.DE drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for H412.DE and XZMU.DE.
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Drawdown Indicators
| H412.DE | XZMU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.35% | -33.82% | +9.47% |
Max Drawdown (1Y)Largest decline over 1 year | -5.54% | -10.82% | +5.28% |
Max Drawdown (3Y)Largest decline over 3 years | -24.35% | -24.76% | +0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -24.35% | -24.76% | +0.41% |
Current DrawdownCurrent decline from peak | 0.00% | -0.48% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -5.40% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 3.07% | -1.40% |
Volatility
H412.DE vs. XZMU.DE - Volatility Comparison
HSBC USA Sustainable Equity UCITS ETF USD (H412.DE) has a higher volatility of 3.27% compared to Xtrackers MSCI USA ESG UCITS ETF 1C (XZMU.DE) at 3.08%. This indicates that H412.DE's price experiences larger fluctuations and is considered to be riskier than XZMU.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 | XZMU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 3.08% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.70% | 8.87% | -1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.23% | 12.73% | -1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.70% | 16.23% | -1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.81% | 17.89% | -3.08% |
H412.DE vs. XZMU.DE - Expense Ratio Comparison
H412.DE has a 0.12% expense ratio, which is lower than XZMU.DE's 0.15% 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. XZMU.DE - Dividend Comparison
Neither H412.DE nor XZMU.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, H412.DE and XZMU.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, 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 0.15% for XZMU.DE.
H412.DE tracks FTSE USA ESG Low Carbon Select, while XZMU.DE tracks MSCI USA Low Carbon SRI Leaders. They also come from different issuers: HSBC and Xtrackers. Their fees differ too: 0.12% for H412.DE and 0.15% for XZMU.DE.
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