HPAU.DE vs. MVEA.DE
HPAU.DE (HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc) and MVEA.DE (iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF) are both Large Cap Blend Equities funds - HPAU.DE tracks the MSCI USA Climate Paris Aligned while MVEA.DE tracks the Russell 1000 TR USD. Both are passively managed. Over the past 3 years, HPAU.DE returned 17.54%/yr vs 6.69%/yr for MVEA.DE. A 0.74 correlation means they provide meaningful diversification when combined. HPAU.DE charges 0.12%/yr vs 0.20%/yr for MVEA.DE.
Performance
HPAU.DE vs. MVEA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HPAU.DE achieves a 11.46% return, which is significantly higher than MVEA.DE's 2.43% return.
HPAU.DE
- 1D
- -0.04%
- 1M
- 7.25%
- YTD
- 11.46%
- 6M
- 10.58%
- 1Y
- 23.55%
- 3Y*
- 17.54%
- 5Y*
- —
- 10Y*
- —
MVEA.DE
- 1D
- -0.13%
- 1M
- 3.15%
- YTD
- 2.43%
- 6M
- 2.17%
- 1Y
- 1.20%
- 3Y*
- 6.69%
- 5Y*
- 6.87%
- 10Y*
- —
HPAU.DE vs. MVEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HPAU.DE HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc | 11.46% | 1.05% | 32.02% | 25.22% | -19.66% | 12.01% |
MVEA.DE iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF | 2.43% | -7.09% | 19.73% | 8.74% | -6.83% | 10.34% |
Correlation
The correlation between HPAU.DE and MVEA.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2021 | 0.74 |
Over the past year, the correlation between HPAU.DE and MVEA.DE has dropped to 0.45 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
HPAU.DE vs. MVEA.DE — Risk / Return Rank
HPAU.DE
MVEA.DE
HPAU.DE vs. MVEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc (HPAU.DE) and iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.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.
| HPAU.DE | MVEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.02 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 0.17 | +1.93 |
| Martin ratioReturn relative to average drawdown | 6.17 | 0.35 | +5.82 |
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
| HPAU.DE | MVEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 0.09 | +1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.66 | +0.01 |
Drawdowns
HPAU.DE vs. MVEA.DE - Drawdown Comparison
The maximum HPAU.DE drawdown since its inception was -25.26%, which is greater than MVEA.DE's maximum drawdown of -17.47%. Use the drawdown chart below to compare losses from any high point for HPAU.DE and MVEA.DE.
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Drawdown Indicators
| HPAU.DE | MVEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.26% | -17.47% | -7.79% |
Max Drawdown (1Y)Largest decline over 1 year | -11.34% | -4.92% | -6.42% |
Max Drawdown (3Y)Largest decline over 3 years | -25.26% | -17.47% | -7.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.47% | — |
Current DrawdownCurrent decline from peak | -0.34% | -10.27% | +9.93% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -5.38% | -1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 2.39% | +1.47% |
Volatility
HPAU.DE vs. MVEA.DE - Volatility Comparison
HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc (HPAU.DE) has a higher volatility of 3.54% compared to iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.DE) at 2.72%. This indicates that HPAU.DE's price experiences larger fluctuations and is considered to be riskier than MVEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPAU.DE | MVEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 2.72% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 8.92% | 5.90% | +3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.08% | 8.97% | +4.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 12.27% | +4.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 12.79% | +3.84% |
HPAU.DE vs. MVEA.DE - Expense Ratio Comparison
HPAU.DE has a 0.12% expense ratio, which is lower than MVEA.DE's 0.20% 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
HPAU.DE vs. MVEA.DE - Dividend Comparison
Neither HPAU.DE nor MVEA.DE has paid dividends to shareholders.
Frequently Asked Questions
HPAU.DE and MVEA.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HPAU.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HPAU.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for MVEA.DE.
HPAU.DE tracks MSCI USA Climate Paris Aligned, while MVEA.DE tracks Russell 1000 TR USD. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.12% for HPAU.DE and 0.20% for MVEA.DE.
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