HPAU.DE vs. UBUR.DE

Last updated Jun 26, 2026

HPAU.DE (HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc) and UBUR.DE (UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis) are both Large Cap Blend Equities funds - HPAU.DE tracks the MSCI USA Climate Paris Aligned while UBUR.DE tracks the MSCI USA Select Dynamic 50% Risk Weighted. Both are passively managed. Over the past 3 years, HPAU.DE returned 16.41%/yr vs 8.11%/yr for UBUR.DE. A 0.53 correlation means they provide meaningful diversification when combined. HPAU.DE charges 0.12%/yr vs 0.18%/yr for UBUR.DE.

Performance

HPAU.DE vs. UBUR.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc (HPAU.DE) and UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis (UBUR.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HPAU.DE achieves a 7.59% return, which is significantly higher than UBUR.DE's 5.99% return.

HPAU.DE

• 1D: 0.00%
• 1M: -1.10%
• YTD: 7.59%
• 6M: 7.82%
• 1Y: 19.86%
• 3Y*: 16.41%
• 5Y*: —
• 10Y*: —

UBUR.DE

• 1D: -0.03%
• 1M: 3.23%
• YTD: 5.99%
• 6M: 6.88%
• 1Y: 6.70%
• 3Y*: 8.11%
• 5Y*: 7.54%
• 10Y*: 9.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HPAU.DE vs. UBUR.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HPAU.DE HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc	7.59%	1.05%	32.02%	25.22%	-19.66%	11.93%
UBUR.DE UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis	5.99%	-5.50%	20.30%	3.14%	-1.97%	11.95%

Correlation

The correlation between HPAU.DE and UBUR.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	0.31
Correlation (All Time) Calculated using the full available price history since Aug 10, 2021	0.53

Over the past year, the correlation between HPAU.DE and UBUR.DE has dropped to 0.03 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.

Return for Risk

HPAU.DE vs. UBUR.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HPAU.DE

HPAU.DE Risk / Return Rank: 42
HPAU.DE Sharpe Ratio Rank: 46
HPAU.DE Sortino Ratio Rank: 44
HPAU.DE Omega Ratio Rank: 45
HPAU.DE Calmar Ratio Rank: 38
HPAU.DE Martin Ratio Rank: 36

UBUR.DE

UBUR.DE Risk / Return Rank: 19
UBUR.DE Sharpe Ratio Rank: 19
UBUR.DE Sortino Ratio Rank: 19
UBUR.DE Omega Ratio Rank: 17
UBUR.DE Calmar Ratio Rank: 20
UBUR.DE Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HPAU.DE vs. UBUR.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 UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis (UBUR.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HPAU.DE	UBUR.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.47	0.63	+0.84
Sortino ratio: Return per unit of downside risk	2.04	0.99	+1.05
Omega ratio: Gain probability vs. loss probability	1.26	1.11	+0.15
Calmar ratio: Return relative to maximum drawdown	1.76	0.86	+0.90
Martin ratio: Return relative to average drawdown	5.07	2.03	+3.04

HPAU.DE vs. UBUR.DE - Sharpe Ratio Comparison

The current HPAU.DE Sharpe Ratio is 1.47, which is higher than the UBUR.DE Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of HPAU.DE and UBUR.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HPAU.DE vs. UBUR.DE - Drawdown Comparison

The maximum HPAU.DE drawdown since its inception was -25.26%, smaller than the maximum UBUR.DE drawdown of -35.34%. Use the drawdown chart below to compare losses from any high point for HPAU.DE and UBUR.DE.

Drawdown Indicators

	HPAU.DE	UBUR.DE	Difference
Max Drawdown Largest peak-to-trough decline	-25.26%	-35.34%	+10.08%
Max Drawdown (1Y) Largest decline over 1 year	-11.34%	-7.81%	-3.53%
Max Drawdown (3Y) Largest decline over 3 years	-25.26%	-14.40%	-10.86%
Max Drawdown (5Y) Largest decline over 5 years	—	-14.40%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.34%	—
Current Drawdown Current decline from peak	-3.79%	-6.37%	+2.58%
Average Drawdown Average peak-to-trough decline	-7.09%	-5.83%	-1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	3.30%	+0.63%

Volatility

HPAU.DE vs. UBUR.DE - Volatility Comparison

HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc (HPAU.DE) and UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis (UBUR.DE) have volatilities of 4.16% and 4.18%, 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.

Volatility by Period

	HPAU.DE	UBUR.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	4.18%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	9.46%	7.74%	+1.72%
Volatility (1Y) Calculated over the trailing 1-year period	13.58%	10.59%	+2.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.63%	12.43%	+4.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.63%	14.14%	+2.49%

HPAU.DE vs. UBUR.DE - Expense Ratio Comparison

HPAU.DE has a 0.12% expense ratio, which is lower than UBUR.DE's 0.18% 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. UBUR.DE - Dividend Comparison

HPAU.DE has not paid dividends to shareholders, while UBUR.DE's dividend yield for the trailing twelve months is around 1.79%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
HPAU.DE HSBC MSCI USA Climate Paris Aligned UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UBUR.DE UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis	1.79%	2.04%	1.57%	1.52%	1.37%	1.09%	1.84%	1.58%	1.66%	1.70%	1.45%

Frequently Asked Questions

Can I hold both HPAU.DE and UBUR.DE in my portfolio?

HPAU.DE and UBUR.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.

Which ETF is better, HPAU.DE or UBUR.DE?

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.

Which ETF is cheaper, HPAU.DE or UBUR.DE?

HPAU.DE is cheaper with a 0.12% expense ratio, compared with 0.18% for UBUR.DE.

What is the main difference between HPAU.DE and UBUR.DE?

HPAU.DE tracks MSCI USA Climate Paris Aligned, while UBUR.DE tracks MSCI USA Select Dynamic 50% Risk Weighted. They also come from different issuers: HSBC and UBS. Their fees differ too: 0.12% for HPAU.DE and 0.18% for UBUR.DE.