H41C.DE vs. IS3S.DE
H41C.DE (HSBC Developed World Sustainable Equity UCITS ETF USD) and IS3S.DE (iShares Edge MSCI World Value Factor UCITS ETF) are both Global Equities funds - H41C.DE tracks the FTSE Developed ESG Low Carbon Select while IS3S.DE tracks the MSCI World Enhanced Value. Both are passively managed. Over the past 5 years, H41C.DE returned 12.71%/yr vs 17.35%/yr for IS3S.DE. Their correlation of 0.83 suggests significant overlap in exposure. H41C.DE charges 0.18%/yr vs 0.30%/yr for IS3S.DE.
Performance
H41C.DE vs. IS3S.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H41C.DE achieves a 14.28% return, which is significantly lower than IS3S.DE's 35.27% return.
H41C.DE
- 1D
- 0.27%
- 1M
- 7.53%
- YTD
- 14.28%
- 6M
- 16.44%
- 1Y
- 29.03%
- 3Y*
- 17.63%
- 5Y*
- 12.71%
- 10Y*
- —
IS3S.DE
- 1D
- -0.83%
- 1M
- 12.66%
- YTD
- 35.27%
- 6M
- 38.56%
- 1Y
- 63.43%
- 3Y*
- 26.82%
- 5Y*
- 17.35%
- 10Y*
- 12.60%
H41C.DE vs. IS3S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
H41C.DE HSBC Developed World Sustainable Equity UCITS ETF USD | 14.28% | 10.36% | 21.66% | 16.26% | -12.60% | 32.89% | 10.42% |
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 35.27% | 25.13% | 11.36% | 15.62% | -4.81% | 30.38% | 12.87% |
Correlation
The correlation between H41C.DE and IS3S.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2020 | 0.83 |
The correlation between H41C.DE and IS3S.DE has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.
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Return for Risk
H41C.DE vs. IS3S.DE — Risk / Return Rank
H41C.DE
IS3S.DE
H41C.DE vs. IS3S.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 Edge MSCI World Value Factor UCITS ETF (IS3S.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.
| H41C.DE | IS3S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.83 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 4.90 | 10.36 | -5.46 |
| Martin ratioReturn relative to average drawdown | 19.75 | 39.01 | -19.26 |
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
| H41C.DE | IS3S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.74 | 4.53 | -1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 1.24 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.68 | +0.45 |
Drawdowns
H41C.DE vs. IS3S.DE - Drawdown Comparison
The maximum H41C.DE drawdown since its inception was -20.76%, smaller than the maximum IS3S.DE drawdown of -35.18%. Use the drawdown chart below to compare losses from any high point for H41C.DE and IS3S.DE.
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Drawdown Indicators
| H41C.DE | IS3S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.76% | -35.18% | +14.42% |
Max Drawdown (1Y)Largest decline over 1 year | -5.90% | -6.09% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -20.76% | -17.80% | -2.96% |
Max Drawdown (5Y)Largest decline over 5 years | -20.76% | -17.80% | -2.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.18% | — |
Current DrawdownCurrent decline from peak | -0.14% | -0.83% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -5.82% | +2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 1.62% | -0.15% |
Volatility
H41C.DE vs. IS3S.DE - Volatility Comparison
The current volatility for HSBC Developed World Sustainable Equity UCITS ETF USD (H41C.DE) is 3.01%, while iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) has a volatility of 5.62%. This indicates that H41C.DE experiences smaller price fluctuations and is considered to be less risky than IS3S.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 | IS3S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 5.62% | -2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 7.58% | 11.32% | -3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.55% | 13.93% | -3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.29% | 13.85% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.35% | 15.76% | -2.41% |
H41C.DE vs. IS3S.DE - Expense Ratio Comparison
H41C.DE has a 0.18% expense ratio, which is lower than IS3S.DE's 0.30% expense ratio.
Dividends
H41C.DE vs. IS3S.DE - Dividend Comparison
Neither H41C.DE nor IS3S.DE has paid dividends to shareholders.
Frequently Asked Questions
H41C.DE and IS3S.DE have a correlation of 0.83, 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 0.30% for IS3S.DE.
H41C.DE tracks FTSE Developed ESG Low Carbon Select, while IS3S.DE tracks MSCI World Enhanced Value. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.18% for H41C.DE and 0.30% for IS3S.DE.
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