HGGA.DE vs. H411.DE
HGGA.DE (HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF) and H411.DE (HSBC MSCI AC Far East ex Japan UCITS ETF USD) are both exchange-traded funds - HGGA.DE is a Global Bonds fund tracking the Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted, while H411.DE is a Asia Pacific Equities fund tracking the MSCI AC Far East ex Japan. Both are passively managed. Over the past 3 years, HGGA.DE returned 0.90%/yr vs 25.29%/yr for H411.DE. At a correlation of -0.05, they often move in opposite directions. HGGA.DE charges 0.18%/yr vs 0.45%/yr for H411.DE.
Performance
HGGA.DE vs. H411.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HGGA.DE achieves a 1.31% return, which is significantly lower than H411.DE's 37.68% return.
HGGA.DE
- 1D
- 0.00%
- 1M
- 0.50%
- YTD
- 1.31%
- 6M
- 0.88%
- 1Y
- 0.39%
- 3Y*
- 0.90%
- 5Y*
- —
- 10Y*
- —
H411.DE
- 1D
- -2.09%
- 1M
- 6.17%
- YTD
- 37.68%
- 6M
- 38.70%
- 1Y
- 67.18%
- 3Y*
- 25.29%
- 5Y*
- 9.18%
- 10Y*
- 11.02%
HGGA.DE vs. H411.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HGGA.DE HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF | 1.31% | -4.17% | 5.69% | 0.16% | -1.86% |
H411.DE HSBC MSCI AC Far East ex Japan UCITS ETF USD | 37.68% | 25.21% | 18.89% | -1.55% | -16.96% |
Correlation
The correlation between HGGA.DE and H411.DE is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2022 | -0.05 |
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Return for Risk
HGGA.DE vs. H411.DE — Risk / Return Rank
HGGA.DE
H411.DE
HGGA.DE vs. H411.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.DE) and HSBC MSCI AC Far East ex Japan UCITS ETF USD (H411.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.
| HGGA.DE | H411.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.33 | ||
| Sortino ratioReturn per unit of downside risk | -3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.54 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 3.89 | -3.81 |
| Martin ratioReturn relative to average drawdown | 0.17 | 9.66 | -9.49 |
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
| HGGA.DE | H411.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | 2.38 | -2.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.42 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.48 | -0.44 |
Drawdowns
HGGA.DE vs. H411.DE - Drawdown Comparison
The maximum HGGA.DE drawdown since its inception was -8.58%, smaller than the maximum H411.DE drawdown of -38.70%. Use the drawdown chart below to compare losses from any high point for HGGA.DE and H411.DE.
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Drawdown Indicators
| HGGA.DE | H411.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.58% | -38.70% | +30.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.04% | -17.51% | +15.47% |
Max Drawdown (3Y)Largest decline over 3 years | -6.78% | -23.17% | +16.39% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.49% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.70% | — |
Current DrawdownCurrent decline from peak | -4.56% | -3.25% | -1.31% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -13.29% | +9.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 7.07% | -6.05% |
Volatility
HGGA.DE vs. H411.DE - Volatility Comparison
The current volatility for HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.DE) is 0.53%, while HSBC MSCI AC Far East ex Japan UCITS ETF USD (H411.DE) has a volatility of 8.34%. This indicates that HGGA.DE experiences smaller price fluctuations and is considered to be less risky than H411.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HGGA.DE | H411.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 8.34% | -7.81% |
Volatility (6M)Calculated over the trailing 6-month period | 2.33% | 16.24% | -13.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.42% | 28.65% | -25.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.98% | 21.66% | -16.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 20.44% | -15.46% |
HGGA.DE vs. H411.DE - Expense Ratio Comparison
HGGA.DE has a 0.18% expense ratio, which is lower than H411.DE's 0.45% expense ratio.
Dividends
HGGA.DE vs. H411.DE - Dividend Comparison
Neither HGGA.DE nor H411.DE has paid dividends to shareholders.
Frequently Asked Questions
HGGA.DE and H411.DE have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HGGA.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HGGA.DE is cheaper with a 0.18% expense ratio, compared with 0.45% for H411.DE.
HGGA.DE is categorized as Global Bonds, while H411.DE is Asia Pacific Equities. HGGA.DE tracks Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted, while H411.DE tracks MSCI AC Far East ex Japan. Their fees differ too: 0.18% for HGGA.DE and 0.45% for H411.DE.
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