H41C.DE vs. CBUQ.DE
H41C.DE (HSBC Developed World Sustainable Equity UCITS ETF USD) and CBUQ.DE (iShares MSCI ACWI SRI UCITS ETF USD Dist) are both Global Equities funds - H41C.DE tracks the FTSE Developed ESG Low Carbon Select while CBUQ.DE tracks the MSCI ACWI SRI Select Reduced Fossil Fuel. Both are passively managed. Over the past 3 years, H41C.DE returned 18.40%/yr vs 15.00%/yr for CBUQ.DE. Their correlation of 0.91 suggests significant overlap in exposure. H41C.DE charges 0.18%/yr vs 0.20%/yr for CBUQ.DE.
Performance
H41C.DE vs. CBUQ.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 CBUQ.DE's 14.37% 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*
- —
CBUQ.DE
- 1D
- 0.00%
- 1M
- 3.47%
- YTD
- 14.37%
- 6M
- 14.86%
- 1Y
- 24.92%
- 3Y*
- 15.00%
- 5Y*
- —
- 10Y*
- —
H41C.DE vs. CBUQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
H41C.DE HSBC Developed World Sustainable Equity UCITS ETF USD | 15.35% | 10.36% | 21.66% | 16.26% | -4.59% |
CBUQ.DE iShares MSCI ACWI SRI UCITS ETF USD Dist | 14.37% | 4.50% | 18.80% | 18.75% | -10.33% |
Correlation
The correlation between H41C.DE and CBUQ.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2022 | 0.91 |
The correlation between H41C.DE and CBUQ.DE has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
H41C.DE vs. CBUQ.DE — Risk / Return Rank
H41C.DE
CBUQ.DE
H41C.DE vs. CBUQ.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 iShares MSCI ACWI SRI UCITS ETF USD Dist (CBUQ.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 | CBUQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.35 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 5.36 | 3.38 | +1.98 |
| Martin ratioReturn relative to average drawdown | 22.15 | 12.54 | +9.61 |
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Drawdowns
H41C.DE vs. CBUQ.DE - Drawdown Comparison
The maximum H41C.DE drawdown since its inception was -20.76%, roughly equal to the maximum CBUQ.DE drawdown of -21.14%. Use the drawdown chart below to compare losses from any high point for H41C.DE and CBUQ.DE.
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Drawdown Indicators
| H41C.DE | CBUQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.76% | -21.14% | +0.38% |
Max Drawdown (1Y)Largest decline over 1 year | -5.90% | -7.40% | +1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -20.76% | -21.14% | +0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -20.76% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.28% | +1.28% |
Average DrawdownAverage peak-to-trough decline | -3.77% | -3.14% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.99% | -0.57% |
Volatility
H41C.DE vs. CBUQ.DE - Volatility Comparison
The current volatility for HSBC Developed World Sustainable Equity UCITS ETF USD (H41C.DE) is 3.10%, while iShares MSCI ACWI SRI UCITS ETF USD Dist (CBUQ.DE) has a volatility of 3.88%. This indicates that H41C.DE experiences smaller price fluctuations and is considered to be less risky than CBUQ.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 | CBUQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 3.88% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 8.08% | 10.03% | -1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.84% | 13.09% | -2.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.35% | 13.88% | -0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.31% | 13.88% | -0.57% |
H41C.DE vs. CBUQ.DE - Expense Ratio Comparison
H41C.DE has a 0.18% expense ratio, which is lower than CBUQ.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
H41C.DE vs. CBUQ.DE - Dividend Comparison
H41C.DE has not paid dividends to shareholders, while CBUQ.DE's dividend yield for the trailing twelve months is around 1.24%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CBUQ.DE iShares MSCI ACWI SRI UCITS ETF USD Dist | 1.24% | 1.28% | 1.44% | 1.58% |
H41C.DE HSBC Developed World Sustainable Equity UCITS ETF USD | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
H41C.DE and CBUQ.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H41C.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H41C.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for CBUQ.DE.
H41C.DE tracks FTSE Developed ESG Low Carbon Select, while CBUQ.DE tracks MSCI ACWI SRI Select Reduced Fossil Fuel. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.18% for H41C.DE and 0.20% for CBUQ.DE.
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