H41C.DE vs. AW14.DE
H41C.DE (HSBC Developed World Sustainable Equity UCITS ETF USD) and AW14.DE (UBS ETF (IE) MSCI ACWI Climate Paris Aligned UCITS ETF (USD) Acc) are both Global Equities funds - H41C.DE tracks the FTSE Developed ESG Low Carbon Select while AW14.DE tracks the MSCI ACWI Climate Paris Aligned. Both are passively managed. Over the past 3 years, H41C.DE returned 18.40%/yr vs 16.19%/yr for AW14.DE. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.18% expense ratio.
Performance
H41C.DE vs. AW14.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H41C.DE achieves a 15.35% return, which is significantly higher than AW14.DE's 9.73% return.
H41C.DE
- 1D
- 0.00%
- 1M
- 2.16%
- YTD
- 15.35%
- 6M
- 16.03%
- 1Y
- 31.49%
- 3Y*
- 18.40%
- 5Y*
- 12.46%
- 10Y*
- —
AW14.DE
- 1D
- 0.00%
- 1M
- 0.74%
- YTD
- 9.73%
- 6M
- 10.14%
- 1Y
- 22.36%
- 3Y*
- 16.19%
- 5Y*
- —
- 10Y*
- —
H41C.DE vs. AW14.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
H41C.DE HSBC Developed World Sustainable Equity UCITS ETF USD | 15.35% | 10.36% | 21.66% | 16.26% | -12.60% | 9.85% |
AW14.DE UBS ETF (IE) MSCI ACWI Climate Paris Aligned UCITS ETF (USD) Acc | 9.73% | 6.83% | 23.93% | 18.70% | -16.33% | 8.23% |
Correlation
The correlation between H41C.DE and AW14.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021 | 0.94 |
The correlation between H41C.DE and AW14.DE has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
H41C.DE vs. AW14.DE — Risk / Return Rank
H41C.DE
AW14.DE
H41C.DE vs. AW14.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Developed World Sustainable Equity UCITS ETF USD (H41C.DE) and UBS ETF (IE) MSCI ACWI Climate Paris Aligned UCITS ETF (USD) Acc (AW14.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.
| H41C.DE | AW14.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.34 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 5.36 | 2.73 | +2.63 |
| Martin ratioReturn relative to average drawdown | 22.15 | 10.36 | +11.80 |
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Drawdowns
H41C.DE vs. AW14.DE - Drawdown Comparison
The maximum H41C.DE drawdown since its inception was -20.76%, roughly equal to the maximum AW14.DE drawdown of -21.21%. Use the drawdown chart below to compare losses from any high point for H41C.DE and AW14.DE.
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Drawdown Indicators
| H41C.DE | AW14.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.76% | -21.21% | +0.45% |
Max Drawdown (1Y)Largest decline over 1 year | -5.90% | -8.23% | +2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -20.76% | -21.21% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -20.76% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.70% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -3.77% | -5.46% | +1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 2.16% | -0.74% |
Volatility
H41C.DE vs. AW14.DE - Volatility Comparison
The current volatility for HSBC Developed World Sustainable Equity UCITS ETF USD (H41C.DE) is 3.10%, while UBS ETF (IE) MSCI ACWI Climate Paris Aligned UCITS ETF (USD) Acc (AW14.DE) has a volatility of 3.57%. This indicates that H41C.DE experiences smaller price fluctuations and is considered to be less risky than AW14.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H41C.DE | AW14.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 3.57% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 8.08% | 8.94% | -0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.84% | 12.30% | -1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.35% | 14.39% | -1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.31% | 14.39% | -1.08% |
H41C.DE vs. AW14.DE - Expense Ratio Comparison
Both H41C.DE and AW14.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
H41C.DE vs. AW14.DE - Dividend Comparison
Neither H41C.DE nor AW14.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, H41C.DE and AW14.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.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
H41C.DE and AW14.DE have the same expense ratio: 0.18% per year.
H41C.DE tracks FTSE Developed ESG Low Carbon Select, while AW14.DE tracks MSCI ACWI Climate Paris Aligned. They also come from different issuers: HSBC and UBS.
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