H41C.DE vs. IUSQ.DE
H41C.DE (HSBC Developed World Sustainable Equity UCITS ETF USD) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both Global Equities funds - H41C.DE tracks the FTSE Developed ESG Low Carbon Select while IUSQ.DE tracks the MSCI ACWI Index. Both are passively managed. Over the past 5 years, H41C.DE returned 12.46%/yr vs 11.86%/yr for IUSQ.DE. Their correlation of 0.94 suggests significant overlap in exposure. H41C.DE charges 0.18%/yr vs 0.20%/yr for IUSQ.DE.
Performance
H41C.DE vs. IUSQ.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 IUSQ.DE's 12.95% 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*
- —
IUSQ.DE
- 1D
- -0.36%
- 1M
- 1.02%
- YTD
- 12.95%
- 6M
- 13.38%
- 1Y
- 27.30%
- 3Y*
- 18.41%
- 5Y*
- 11.86%
- 10Y*
- 12.83%
H41C.DE vs. IUSQ.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% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 12.95% | 9.02% | 24.53% | 18.57% | -13.58% | 29.13% | 11.27% |
Correlation
The correlation between H41C.DE and IUSQ.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 | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2020 | 0.94 |
The correlation between H41C.DE and IUSQ.DE has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.
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Return for Risk
H41C.DE vs. IUSQ.DE — Risk / Return Rank
H41C.DE
IUSQ.DE
H41C.DE vs. IUSQ.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 UCITS ETF (Acc) (IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.43 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 5.36 | 4.19 | +1.17 |
| Martin ratioReturn relative to average drawdown | 22.15 | 17.20 | +4.96 |
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Drawdowns
H41C.DE vs. IUSQ.DE - Drawdown Comparison
The maximum H41C.DE drawdown since its inception was -20.76%, smaller than the maximum IUSQ.DE drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for H41C.DE and IUSQ.DE.
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Drawdown Indicators
| H41C.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.76% | -33.60% | +12.84% |
Max Drawdown (1Y)Largest decline over 1 year | -5.90% | -6.48% | +0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -20.76% | -21.25% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -20.76% | -21.25% | +0.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.60% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.09% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -3.77% | -4.17% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.58% | -0.16% |
Volatility
H41C.DE vs. IUSQ.DE - Volatility Comparison
The current volatility for HSBC Developed World Sustainable Equity UCITS ETF USD (H41C.DE) is 3.10%, while iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) has a volatility of 3.44%. This indicates that H41C.DE experiences smaller price fluctuations and is considered to be less risky than IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 3.44% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 8.08% | 8.52% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.84% | 11.71% | -0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.35% | 13.98% | -0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.31% | 15.01% | -1.70% |
H41C.DE vs. IUSQ.DE - Expense Ratio Comparison
H41C.DE has a 0.18% expense ratio, which is lower than IUSQ.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. IUSQ.DE - Dividend Comparison
Neither H41C.DE nor IUSQ.DE has paid dividends to shareholders.
Frequently Asked Questions
H41C.DE and IUSQ.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 IUSQ.DE.
H41C.DE tracks FTSE Developed ESG Low Carbon Select, while IUSQ.DE tracks MSCI ACWI Index. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.18% for H41C.DE and 0.20% for IUSQ.DE.
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