HPAE.DE vs. EHF1.DE
HPAE.DE (HSBC MSCI Europe Climate Paris Aligned UCITS ETF EUR Acc) and EHF1.DE (Amundi MSCI Europe High Dividend Factor UCITS ETF EUR) are both Europe Equities funds - HPAE.DE tracks the MSCI Europe NR EUR while EHF1.DE tracks the MSCI Europe High Dividend Yield. Both are passively managed. Over the past 3 years, HPAE.DE returned 11.34%/yr vs 14.05%/yr for EHF1.DE. A 0.78 correlation means they provide meaningful diversification when combined. HPAE.DE charges 0.15%/yr vs 0.23%/yr for EHF1.DE.
Performance
HPAE.DE vs. EHF1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HPAE.DE achieves a 6.01% return, which is significantly higher than EHF1.DE's 5.17% return.
HPAE.DE
- 1D
- 0.91%
- 1M
- 0.82%
- YTD
- 6.01%
- 6M
- 8.47%
- 1Y
- 12.19%
- 3Y*
- 11.34%
- 5Y*
- —
- 10Y*
- —
EHF1.DE
- 1D
- 0.61%
- 1M
- -1.98%
- YTD
- 5.17%
- 6M
- 7.16%
- 1Y
- 12.60%
- 3Y*
- 14.05%
- 5Y*
- 11.31%
- 10Y*
- —
HPAE.DE vs. EHF1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HPAE.DE HSBC MSCI Europe Climate Paris Aligned UCITS ETF EUR Acc | 6.01% | 16.07% | 6.83% | 17.07% | -13.17% | 5.18% |
EHF1.DE Amundi MSCI Europe High Dividend Factor UCITS ETF EUR | 5.17% | 19.17% | 9.83% | 14.12% | 1.04% | 4.63% |
Correlation
The correlation between HPAE.DE and EHF1.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2021 | 0.78 |
The correlation between HPAE.DE and EHF1.DE has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.
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Return for Risk
HPAE.DE vs. EHF1.DE — Risk / Return Rank
HPAE.DE
EHF1.DE
HPAE.DE vs. EHF1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Europe Climate Paris Aligned UCITS ETF EUR Acc (HPAE.DE) and Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.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.
| HPAE.DE | EHF1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.25 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 2.09 | -0.94 |
| Martin ratioReturn relative to average drawdown | 4.08 | 5.91 | -1.83 |
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
| HPAE.DE | EHF1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 1.31 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.58 | -0.09 |
Drawdowns
HPAE.DE vs. EHF1.DE - Drawdown Comparison
The maximum HPAE.DE drawdown since its inception was -22.46%, smaller than the maximum EHF1.DE drawdown of -38.13%. Use the drawdown chart below to compare losses from any high point for HPAE.DE and EHF1.DE.
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Drawdown Indicators
| HPAE.DE | EHF1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.46% | -38.13% | +15.67% |
Max Drawdown (1Y)Largest decline over 1 year | -10.58% | -6.24% | -4.34% |
Max Drawdown (3Y)Largest decline over 3 years | -15.94% | -12.89% | -3.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.64% | — |
Current DrawdownCurrent decline from peak | -1.71% | -4.13% | +2.42% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -4.65% | -0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.21% | +0.79% |
Volatility
HPAE.DE vs. EHF1.DE - Volatility Comparison
HSBC MSCI Europe Climate Paris Aligned UCITS ETF EUR Acc (HPAE.DE) has a higher volatility of 4.61% compared to Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.DE) at 3.69%. This indicates that HPAE.DE's price experiences larger fluctuations and is considered to be riskier than EHF1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPAE.DE | EHF1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.61% | 3.69% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 11.29% | 7.94% | +3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.60% | 9.92% | +3.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.74% | 12.28% | +2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.74% | 15.39% | -0.65% |
HPAE.DE vs. EHF1.DE - Expense Ratio Comparison
HPAE.DE has a 0.15% expense ratio, which is lower than EHF1.DE's 0.23% 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
HPAE.DE vs. EHF1.DE - Dividend Comparison
Neither HPAE.DE nor EHF1.DE has paid dividends to shareholders.
Frequently Asked Questions
HPAE.DE and EHF1.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HPAE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HPAE.DE is cheaper with a 0.15% expense ratio, compared with 0.23% for EHF1.DE.
HPAE.DE tracks MSCI Europe NR EUR, while EHF1.DE tracks MSCI Europe High Dividend Yield. They also come from different issuers: HSBC and Amundi. Their fees differ too: 0.15% for HPAE.DE and 0.23% for EHF1.DE.
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