H41C.DE vs. UEEH.DE
H41C.DE (HSBC Developed World Sustainable Equity UCITS ETF USD) and UEEH.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist) are both Global Equities funds - H41C.DE tracks the FTSE Developed ESG Low Carbon Select while UEEH.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, H41C.DE returned 12.71%/yr vs 5.98%/yr for UEEH.DE. A 0.72 correlation means they provide meaningful diversification when combined. H41C.DE charges 0.18%/yr vs 0.30%/yr for UEEH.DE.
Performance
H41C.DE vs. UEEH.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, H41C.DE achieves a 14.28% return, which is significantly higher than UEEH.DE's 1.54% return.
H41C.DE
- 1D
- 0.27%
- 1M
- 6.30%
- YTD
- 14.28%
- 6M
- 15.86%
- 1Y
- 28.86%
- 3Y*
- 17.63%
- 5Y*
- 12.71%
- 10Y*
- —
UEEH.DE
- 1D
- -0.04%
- 1M
- 1.86%
- YTD
- 1.54%
- 6M
- 1.53%
- 1Y
- 0.02%
- 3Y*
- 6.19%
- 5Y*
- 5.98%
- 10Y*
- —
H41C.DE vs. UEEH.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% | 8.11% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.54% | -1.55% | 17.56% | 3.56% | -4.40% | 23.98% | 0.94% |
Correlation
The correlation between H41C.DE and UEEH.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2020 | 0.72 |
Over the past year, the correlation between H41C.DE and UEEH.DE has dropped to 0.44 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
H41C.DE vs. UEEH.DE — Risk / Return Rank
H41C.DE
UEEH.DE
H41C.DE vs. UEEH.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 UCITS ETF USD Dist (UEEH.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 | UEEH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.81 | ||
| Sortino ratioReturn per unit of downside risk | +3.89 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.00 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 4.90 | -0.10 | +5.00 |
| Martin ratioReturn relative to average drawdown | 19.75 | -0.22 | +19.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| H41C.DE | UEEH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.74 | -0.07 | +2.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 0.59 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.65 | +0.48 |
Drawdowns
H41C.DE vs. UEEH.DE - Drawdown Comparison
The maximum H41C.DE drawdown since its inception was -20.76%, which is greater than UEEH.DE's maximum drawdown of -12.82%. Use the drawdown chart below to compare losses from any high point for H41C.DE and UEEH.DE.
Loading charts...
Drawdown Indicators
| H41C.DE | UEEH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.76% | -12.82% | -7.94% |
Max Drawdown (1Y)Largest decline over 1 year | -5.90% | -5.49% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -20.76% | -12.82% | -7.94% |
Max Drawdown (5Y)Largest decline over 5 years | -20.76% | -12.82% | -7.94% |
Current DrawdownCurrent decline from peak | -0.14% | -6.93% | +6.79% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -4.41% | +0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 2.52% | -1.05% |
Volatility
H41C.DE vs. UEEH.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 UCITS ETF USD Dist (UEEH.DE) at 2.62%. This indicates that H41C.DE's price experiences larger fluctuations and is considered to be riskier than UEEH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| H41C.DE | UEEH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 2.62% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 7.58% | 5.56% | +2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.55% | 7.88% | +2.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.29% | 10.11% | +3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.35% | 10.26% | +3.09% |
H41C.DE vs. UEEH.DE - Expense Ratio Comparison
H41C.DE has a 0.18% expense ratio, which is lower than UEEH.DE's 0.30% expense ratio.
Dividends
H41C.DE vs. UEEH.DE - Dividend Comparison
H41C.DE has not paid dividends to shareholders, while UEEH.DE's dividend yield for the trailing twelve months is around 1.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
H41C.DE HSBC Developed World Sustainable Equity UCITS ETF USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.45% | 1.49% | 1.59% | 1.76% | 1.70% | 1.37% |
Frequently Asked Questions
H41C.DE and UEEH.DE have a correlation of 0.44, 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 UEEH.DE.
H41C.DE tracks FTSE Developed ESG Low Carbon Select, while UEEH.DE tracks MSCI World Minimum Volatility. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.18% for H41C.DE and 0.30% for UEEH.DE.
Find the right allocation for H41C.DE and UEEH.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer