H41C.DE vs. MVEW.DE
H41C.DE (HSBC Developed World Sustainable Equity UCITS ETF USD) and MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds - H41C.DE tracks the FTSE Developed ESG Low Carbon Select while MVEW.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, H41C.DE returned 12.71%/yr vs 6.47%/yr for MVEW.DE. A 0.77 correlation means they provide meaningful diversification when combined. H41C.DE charges 0.18%/yr vs 0.30%/yr for MVEW.DE.
Performance
H41C.DE vs. MVEW.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 higher than MVEW.DE's 1.17% 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*
- —
MVEW.DE
- 1D
- 0.07%
- 1M
- 1.79%
- YTD
- 1.17%
- 6M
- 1.16%
- 1Y
- 0.46%
- 3Y*
- 6.53%
- 5Y*
- 6.47%
- 10Y*
- —
H41C.DE vs. MVEW.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% |
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 1.17% | -0.99% | 17.25% | 6.27% | -5.98% | 26.26% | 3.07% |
Correlation
The correlation between H41C.DE and MVEW.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2020 | 0.77 |
Over the past year, the correlation between H41C.DE and MVEW.DE has dropped to 0.52 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
H41C.DE vs. MVEW.DE — Risk / Return Rank
H41C.DE
MVEW.DE
H41C.DE vs. MVEW.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 Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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 | MVEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.68 | ||
| Sortino ratioReturn per unit of downside risk | +3.71 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.02 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 4.90 | 0.10 | +4.80 |
| Martin ratioReturn relative to average drawdown | 19.75 | 0.20 | +19.54 |
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 | MVEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.74 | 0.06 | +2.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 0.62 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.63 | +0.50 |
Drawdowns
H41C.DE vs. MVEW.DE - Drawdown Comparison
The maximum H41C.DE drawdown since its inception was -20.76%, which is greater than MVEW.DE's maximum drawdown of -13.19%. Use the drawdown chart below to compare losses from any high point for H41C.DE and MVEW.DE.
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Drawdown Indicators
| H41C.DE | MVEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.76% | -13.19% | -7.57% |
Max Drawdown (1Y)Largest decline over 1 year | -5.90% | -4.68% | -1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -20.76% | -13.19% | -7.57% |
Max Drawdown (5Y)Largest decline over 5 years | -20.76% | -13.19% | -7.57% |
Current DrawdownCurrent decline from peak | -0.14% | -5.75% | +5.61% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -3.83% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 2.27% | -0.80% |
Volatility
H41C.DE vs. MVEW.DE - Volatility Comparison
HSBC Developed World Sustainable Equity UCITS ETF USD (H41C.DE) has a higher volatility of 3.01% compared to iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) at 2.58%. This indicates that H41C.DE's price experiences larger fluctuations and is considered to be riskier than MVEW.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 | MVEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 2.58% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 7.58% | 5.42% | +2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.55% | 7.97% | +2.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.29% | 10.25% | +3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.35% | 10.82% | +2.53% |
H41C.DE vs. MVEW.DE - Expense Ratio Comparison
H41C.DE has a 0.18% expense ratio, which is lower than MVEW.DE's 0.30% expense ratio.
Dividends
H41C.DE vs. MVEW.DE - Dividend Comparison
Neither H41C.DE nor MVEW.DE has paid dividends to shareholders.
Frequently Asked Questions
H41C.DE and MVEW.DE have a correlation of 0.52, 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 MVEW.DE.
H41C.DE tracks FTSE Developed ESG Low Carbon Select, while MVEW.DE tracks MSCI ACWI NR USD. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.18% for H41C.DE and 0.30% for MVEW.DE.
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