H41C.DE vs. UETW.DE
H41C.DE (HSBC Developed World Sustainable Equity UCITS ETF USD) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds - H41C.DE tracks the FTSE Developed ESG Low Carbon Select while UETW.DE tracks the MSCI World. Both are passively managed. Over the past 5 years, H41C.DE returned 12.71%/yr vs 12.87%/yr for UETW.DE. With a 0.97 correlation, they move nearly in lockstep. H41C.DE charges 0.18%/yr vs 0.10%/yr for UETW.DE.
Performance
H41C.DE vs. UETW.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 UETW.DE's 10.95% 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*
- —
UETW.DE
- 1D
- -0.01%
- 1M
- 4.88%
- YTD
- 10.95%
- 6M
- 11.42%
- 1Y
- 23.88%
- 3Y*
- 17.68%
- 5Y*
- 12.87%
- 10Y*
- —
H41C.DE vs. UETW.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% |
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 10.95% | 8.06% | 26.50% | 19.68% | -13.72% | 32.17% | 11.26% |
Correlation
The correlation between H41C.DE and UETW.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 | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2020 | 0.97 |
The correlation between H41C.DE and UETW.DE has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.
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Return for Risk
H41C.DE vs. UETW.DE — Risk / Return Rank
H41C.DE
UETW.DE
H41C.DE vs. UETW.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 UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.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 | UETW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.40 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.90 | 3.67 | +1.23 |
| Martin ratioReturn relative to average drawdown | 19.75 | 14.61 | +5.14 |
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 | UETW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.74 | 2.17 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 0.91 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.85 | +0.29 |
Drawdowns
H41C.DE vs. UETW.DE - Drawdown Comparison
The maximum H41C.DE drawdown since its inception was -20.76%, smaller than the maximum UETW.DE drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for H41C.DE and UETW.DE.
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Drawdown Indicators
| H41C.DE | UETW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.76% | -33.72% | +12.96% |
Max Drawdown (1Y)Largest decline over 1 year | -5.90% | -6.47% | +0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -20.76% | -21.30% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -20.76% | -21.30% | +0.54% |
Current DrawdownCurrent decline from peak | -0.14% | -0.30% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -4.63% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 1.63% | -0.16% |
Volatility
H41C.DE vs. UETW.DE - Volatility Comparison
HSBC Developed World Sustainable Equity UCITS ETF USD (H41C.DE) has a higher volatility of 3.01% compared to UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) at 2.60%. This indicates that H41C.DE's price experiences larger fluctuations and is considered to be riskier than UETW.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 | UETW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 2.60% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 7.58% | 7.63% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.55% | 10.97% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.29% | 14.03% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.35% | 16.11% | -2.76% |
H41C.DE vs. UETW.DE - Expense Ratio Comparison
H41C.DE has a 0.18% expense ratio, which is higher than UETW.DE's 0.10% expense ratio. However, 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. UETW.DE - Dividend Comparison
Neither H41C.DE nor UETW.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, H41C.DE and UETW.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, UETW.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UETW.DE is cheaper with a 0.10% expense ratio, compared with 0.18% for H41C.DE.
H41C.DE tracks FTSE Developed ESG Low Carbon Select, while UETW.DE tracks MSCI World. They also come from different issuers: HSBC and UBS. Their fees differ too: 0.18% for H41C.DE and 0.10% for UETW.DE.
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