HPAU.DE vs. QDVR.DE
HPAU.DE (HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc) and QDVR.DE (iShares MSCI USA SRI UCITS ETF USD (Acc)) are both Large Cap Blend Equities funds - HPAU.DE tracks the MSCI USA Climate Paris Aligned while QDVR.DE tracks the MSCI USA SRI Select Reduced Fossil Fuels. Both are passively managed. Over the past 3 years, HPAU.DE returned 17.54%/yr vs 14.58%/yr for QDVR.DE. Their correlation of 0.91 suggests significant overlap in exposure. HPAU.DE charges 0.12%/yr vs 0.20%/yr for QDVR.DE.
Performance
HPAU.DE vs. QDVR.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 lower than QDVR.DE's 14.85% return.
HPAU.DE
- 1D
- -0.04%
- 1M
- 7.25%
- YTD
- 11.46%
- 6M
- 10.58%
- 1Y
- 23.55%
- 3Y*
- 17.54%
- 5Y*
- —
- 10Y*
- —
QDVR.DE
- 1D
- 0.06%
- 1M
- 4.69%
- YTD
- 14.85%
- 6M
- 14.33%
- 1Y
- 22.48%
- 3Y*
- 14.58%
- 5Y*
- 12.24%
- 10Y*
- —
HPAU.DE vs. QDVR.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% |
QDVR.DE iShares MSCI USA SRI UCITS ETF USD (Acc) | 14.85% | -0.76% | 20.30% | 20.26% | -14.38% | 16.51% |
Correlation
The correlation between HPAU.DE and QDVR.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2021 | 0.91 |
The correlation between HPAU.DE and QDVR.DE has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.
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Return for Risk
HPAU.DE vs. QDVR.DE — Risk / Return Rank
HPAU.DE
QDVR.DE
HPAU.DE vs. QDVR.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 MSCI USA SRI UCITS ETF USD (Acc) (QDVR.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 | QDVR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.31 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 3.09 | -0.99 |
| Martin ratioReturn relative to average drawdown | 6.17 | 10.29 | -4.12 |
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 | QDVR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 1.76 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.89 | -0.22 |
Drawdowns
HPAU.DE vs. QDVR.DE - Drawdown Comparison
The maximum HPAU.DE drawdown since its inception was -25.26%, smaller than the maximum QDVR.DE drawdown of -32.87%. Use the drawdown chart below to compare losses from any high point for HPAU.DE and QDVR.DE.
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Drawdown Indicators
| HPAU.DE | QDVR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.26% | -32.87% | +7.61% |
Max Drawdown (1Y)Largest decline over 1 year | -11.34% | -7.24% | -4.10% |
Max Drawdown (3Y)Largest decline over 3 years | -25.26% | -23.91% | -1.35% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.91% | — |
Current DrawdownCurrent decline from peak | -0.34% | 0.00% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -4.41% | -2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 2.18% | +1.68% |
Volatility
HPAU.DE vs. QDVR.DE - Volatility Comparison
HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc (HPAU.DE) and iShares MSCI USA SRI UCITS ETF USD (Acc) (QDVR.DE) have volatilities of 3.54% and 3.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPAU.DE | QDVR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 3.67% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 8.92% | 9.02% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.08% | 12.69% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 15.53% | +1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 16.34% | +0.29% |
HPAU.DE vs. QDVR.DE - Expense Ratio Comparison
HPAU.DE has a 0.12% expense ratio, which is lower than QDVR.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. QDVR.DE - Dividend Comparison
Neither HPAU.DE nor QDVR.DE has paid dividends to shareholders.
Frequently Asked Questions
HPAU.DE and QDVR.DE have a correlation of 0.83, 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 QDVR.DE.
HPAU.DE tracks MSCI USA Climate Paris Aligned, while QDVR.DE tracks MSCI USA SRI Select Reduced Fossil Fuels. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.12% for HPAU.DE and 0.20% for QDVR.DE.
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