HPAW.DE vs. XDEB.DE
HPAW.DE (HSBC MSCI World Climate Paris Aligned UCITS ETF) and XDEB.DE (Xtrackers MSCI World Minimum Volatility UCITS ETF 1C) are both Global Equities funds - HPAW.DE tracks the MSCI World Climate Paris Aligned while XDEB.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 3 years, HPAW.DE returned 15.22%/yr vs 6.45%/yr for XDEB.DE. A 0.62 correlation means they provide meaningful diversification when combined. HPAW.DE charges 0.18%/yr vs 0.25%/yr for XDEB.DE.
Performance
HPAW.DE vs. XDEB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HPAW.DE achieves a 7.65% return, which is significantly higher than XDEB.DE's 1.74% return.
HPAW.DE
- 1D
- 0.23%
- 1M
- 3.57%
- YTD
- 7.65%
- 6M
- 7.42%
- 1Y
- 18.83%
- 3Y*
- 15.22%
- 5Y*
- —
- 10Y*
- —
XDEB.DE
- 1D
- -0.04%
- 1M
- 1.84%
- YTD
- 1.74%
- 6M
- 1.64%
- 1Y
- 0.46%
- 3Y*
- 6.45%
- 5Y*
- 6.21%
- 10Y*
- 6.88%
HPAW.DE vs. XDEB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HPAW.DE HSBC MSCI World Climate Paris Aligned UCITS ETF | 7.65% | 5.30% | 25.33% | 21.56% | -17.48% | 9.48% |
XDEB.DE Xtrackers MSCI World Minimum Volatility UCITS ETF 1C | 1.74% | -1.27% | 17.83% | 3.66% | -4.06% | 6.94% |
Correlation
The correlation between HPAW.DE and XDEB.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2021 | 0.62 |
Over the past year, the correlation between HPAW.DE and XDEB.DE has dropped to 0.32 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
HPAW.DE vs. XDEB.DE — Risk / Return Rank
HPAW.DE
XDEB.DE
HPAW.DE vs. XDEB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI World Climate Paris Aligned UCITS ETF (HPAW.DE) and Xtrackers MSCI World Minimum Volatility UCITS ETF 1C (XDEB.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.
| HPAW.DE | XDEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.63 | ||
| Sortino ratioReturn per unit of downside risk | +2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.00 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | -0.02 | +2.13 |
| Martin ratioReturn relative to average drawdown | 7.76 | -0.03 | +7.79 |
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
| HPAW.DE | XDEB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | -0.01 | +1.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.61 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.70 | -0.05 |
Drawdowns
HPAW.DE vs. XDEB.DE - Drawdown Comparison
The maximum HPAW.DE drawdown since its inception was -21.61%, smaller than the maximum XDEB.DE drawdown of -28.57%. Use the drawdown chart below to compare losses from any high point for HPAW.DE and XDEB.DE.
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Drawdown Indicators
| HPAW.DE | XDEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.61% | -28.57% | +6.96% |
Max Drawdown (1Y)Largest decline over 1 year | -9.00% | -5.31% | -3.69% |
Max Drawdown (3Y)Largest decline over 3 years | -21.61% | -13.02% | -8.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.57% | — |
Current DrawdownCurrent decline from peak | -0.37% | -6.53% | +6.16% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -5.03% | -0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 2.37% | +0.08% |
Volatility
HPAW.DE vs. XDEB.DE - Volatility Comparison
HSBC MSCI World Climate Paris Aligned UCITS ETF (HPAW.DE) has a higher volatility of 3.00% compared to Xtrackers MSCI World Minimum Volatility UCITS ETF 1C (XDEB.DE) at 2.63%. This indicates that HPAW.DE's price experiences larger fluctuations and is considered to be riskier than XDEB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPAW.DE | XDEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | 2.63% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 8.29% | 5.56% | +2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.75% | 7.86% | +3.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.72% | 10.16% | +4.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.72% | 12.03% | +2.69% |
HPAW.DE vs. XDEB.DE - Expense Ratio Comparison
HPAW.DE has a 0.18% expense ratio, which is lower than XDEB.DE's 0.25% 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
HPAW.DE vs. XDEB.DE - Dividend Comparison
Neither HPAW.DE nor XDEB.DE has paid dividends to shareholders.
Frequently Asked Questions
HPAW.DE and XDEB.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HPAW.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HPAW.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for XDEB.DE.
HPAW.DE tracks MSCI World Climate Paris Aligned, while XDEB.DE tracks MSCI ACWI NR USD. They also come from different issuers: HSBC and DWS. Their fees differ too: 0.18% for HPAW.DE and 0.25% for XDEB.DE.
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