H41C.DE vs. LWCR.DE
H41C.DE (HSBC Developed World Sustainable Equity UCITS ETF USD) and LWCR.DE (Amundi MSCI World ESG Climate Net Zero Ambition CTB UCITS ETF Acc) are both Global Equities funds - H41C.DE tracks the FTSE Developed ESG Low Carbon Select while LWCR.DE tracks the MSCI World ESG Broad CTB Select. Both are passively managed. Over the past 5 years, H41C.DE returned 12.46%/yr vs 12.03%/yr for LWCR.DE. Their correlation of 0.94 suggests significant overlap in exposure. H41C.DE charges 0.18%/yr vs 0.25%/yr for LWCR.DE.
Performance
H41C.DE vs. LWCR.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 LWCR.DE's 10.71% 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*
- —
LWCR.DE
- 1D
- -0.58%
- 1M
- 0.97%
- YTD
- 10.71%
- 6M
- 11.27%
- 1Y
- 23.99%
- 3Y*
- 17.28%
- 5Y*
- 12.03%
- 10Y*
- 13.15%
H41C.DE vs. LWCR.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% |
LWCR.DE Amundi MSCI World ESG Climate Net Zero Ambition CTB UCITS ETF Acc | 10.71% | 6.71% | 25.11% | 26.79% | -18.71% | 33.91% | 12.39% |
Correlation
The correlation between H41C.DE and LWCR.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2020 | 0.94 |
The correlation between H41C.DE and LWCR.DE has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
H41C.DE vs. LWCR.DE — Risk / Return Rank
H41C.DE
LWCR.DE
H41C.DE vs. LWCR.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 Amundi MSCI World ESG Climate Net Zero Ambition CTB UCITS ETF Acc (LWCR.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 | LWCR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.37 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 5.36 | 3.27 | +2.09 |
| Martin ratioReturn relative to average drawdown | 22.15 | 12.70 | +9.46 |
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Drawdowns
H41C.DE vs. LWCR.DE - Drawdown Comparison
The maximum H41C.DE drawdown since its inception was -20.76%, smaller than the maximum LWCR.DE drawdown of -34.01%. Use the drawdown chart below to compare losses from any high point for H41C.DE and LWCR.DE.
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Drawdown Indicators
| H41C.DE | LWCR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.76% | -34.01% | +13.25% |
Max Drawdown (1Y)Largest decline over 1 year | -5.90% | -7.31% | +1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -20.76% | -21.67% | +0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -20.76% | -21.67% | +0.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.01% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.76% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -3.77% | -4.71% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.89% | -0.47% |
Volatility
H41C.DE vs. LWCR.DE - Volatility Comparison
HSBC Developed World Sustainable Equity UCITS ETF USD (H41C.DE) and Amundi MSCI World ESG Climate Net Zero Ambition CTB UCITS ETF Acc (LWCR.DE) have volatilities of 3.10% and 3.04%, 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 | LWCR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 3.04% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 8.08% | 8.43% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.84% | 11.79% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.35% | 14.86% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.31% | 15.23% | -1.92% |
H41C.DE vs. LWCR.DE - Expense Ratio Comparison
H41C.DE has a 0.18% expense ratio, which is lower than LWCR.DE's 0.25% 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. LWCR.DE - Dividend Comparison
Neither H41C.DE nor LWCR.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, H41C.DE and LWCR.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.
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 0.25% for LWCR.DE.
H41C.DE tracks FTSE Developed ESG Low Carbon Select, while LWCR.DE tracks MSCI World ESG Broad CTB Select. They also come from different issuers: HSBC and Amundi. Their fees differ too: 0.18% for H41C.DE and 0.25% for LWCR.DE.
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