H41C.DE vs. IUSN.DE
H41C.DE (HSBC Developed World Sustainable Equity UCITS ETF USD) and IUSN.DE (iShares MSCI World Small Cap UCITS ETF) are both Global Equities funds - H41C.DE tracks the FTSE Developed ESG Low Carbon Select while IUSN.DE tracks the MSCI World Small Cap. Both are passively managed. Over the past 5 years, H41C.DE returned 12.46%/yr vs 8.14%/yr for IUSN.DE. A 0.80 correlation means they provide meaningful diversification when combined. H41C.DE charges 0.18%/yr vs 0.35%/yr for IUSN.DE.
Performance
H41C.DE vs. IUSN.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 lower than IUSN.DE's 18.25% 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*
- —
IUSN.DE
- 1D
- 0.55%
- 1M
- 3.72%
- YTD
- 18.25%
- 6M
- 18.25%
- 1Y
- 34.70%
- 3Y*
- 16.56%
- 5Y*
- 8.14%
- 10Y*
- —
H41C.DE vs. IUSN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
H41C.DE HSBC Developed World Sustainable Equity UCITS ETF USD | 15.35% | 10.36% | 21.66% | 16.26% | -12.60% | 32.89% | 10.04% |
IUSN.DE iShares MSCI World Small Cap UCITS ETF | 18.25% | 7.76% | 13.17% | 13.12% | -13.76% | 25.29% | 19.45% |
Correlation
The correlation between H41C.DE and IUSN.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2020 | 0.80 |
The correlation between H41C.DE and IUSN.DE has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.
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Return for Risk
H41C.DE vs. IUSN.DE — Risk / Return Rank
H41C.DE
IUSN.DE
H41C.DE vs. IUSN.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 World Small Cap UCITS ETF (IUSN.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 | IUSN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.45 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 5.36 | 4.85 | +0.51 |
| Martin ratioReturn relative to average drawdown | 22.15 | 18.23 | +3.92 |
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Drawdowns
H41C.DE vs. IUSN.DE - Drawdown Comparison
The maximum H41C.DE drawdown since its inception was -20.76%, smaller than the maximum IUSN.DE drawdown of -40.27%. Use the drawdown chart below to compare losses from any high point for H41C.DE and IUSN.DE.
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Drawdown Indicators
| H41C.DE | IUSN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.76% | -40.27% | +19.51% |
Max Drawdown (1Y)Largest decline over 1 year | -5.90% | -7.12% | +1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -20.76% | -24.25% | +3.49% |
Max Drawdown (5Y)Largest decline over 5 years | -20.76% | -24.25% | +3.49% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.77% | -6.97% | +3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.90% | -0.48% |
Volatility
H41C.DE vs. IUSN.DE - Volatility Comparison
HSBC Developed World Sustainable Equity UCITS ETF USD (H41C.DE) and iShares MSCI World Small Cap UCITS ETF (IUSN.DE) have volatilities of 3.10% and 3.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H41C.DE | IUSN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 3.26% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 8.08% | 9.75% | -1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.84% | 13.76% | -2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.35% | 16.57% | -3.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.31% | 18.28% | -4.97% |
H41C.DE vs. IUSN.DE - Expense Ratio Comparison
H41C.DE has a 0.18% expense ratio, which is lower than IUSN.DE's 0.35% expense ratio.
Dividends
H41C.DE vs. IUSN.DE - Dividend Comparison
Neither H41C.DE nor IUSN.DE has paid dividends to shareholders.
Frequently Asked Questions
H41C.DE and IUSN.DE have a correlation of 0.79, 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 0.35% for IUSN.DE.
H41C.DE tracks FTSE Developed ESG Low Carbon Select, while IUSN.DE tracks MSCI World Small Cap. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.18% for H41C.DE and 0.35% for IUSN.DE.
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