HPAW.DE vs. XDEV.DE
HPAW.DE (HSBC MSCI World Climate Paris Aligned UCITS ETF) and XDEV.DE (Xtrackers MSCI World Value Factor UCITS ETF 1C) are both Global Equities funds - HPAW.DE tracks the MSCI World Climate Paris Aligned while XDEV.DE tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 3 years, HPAW.DE returned 15.22%/yr vs 26.76%/yr for XDEV.DE. A 0.78 correlation means they provide meaningful diversification when combined. HPAW.DE charges 0.18%/yr vs 0.25%/yr for XDEV.DE.
Performance
HPAW.DE vs. XDEV.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HPAW.DE achieves a 7.65% return, which is significantly lower than XDEV.DE's 35.07% return.
HPAW.DE
- 1D
- 0.23%
- 1M
- 3.57%
- YTD
- 7.65%
- 6M
- 7.42%
- 1Y
- 18.83%
- 3Y*
- 15.22%
- 5Y*
- —
- 10Y*
- —
XDEV.DE
- 1D
- -0.89%
- 1M
- 11.02%
- YTD
- 35.07%
- 6M
- 38.05%
- 1Y
- 63.16%
- 3Y*
- 26.76%
- 5Y*
- 17.35%
- 10Y*
- 12.35%
HPAW.DE vs. XDEV.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% |
XDEV.DE Xtrackers MSCI World Value Factor UCITS ETF 1C | 35.07% | 24.76% | 11.62% | 15.67% | -4.96% | 6.65% |
Correlation
The correlation between HPAW.DE and XDEV.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2021 | 0.78 |
The correlation between HPAW.DE and XDEV.DE has been stable across timeframes, ranging from 0.72 to 0.78 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HPAW.DE vs. XDEV.DE — Risk / Return Rank
HPAW.DE
XDEV.DE
HPAW.DE vs. XDEV.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 Value Factor UCITS ETF 1C (XDEV.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 | XDEV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.90 | ||
| Sortino ratioReturn per unit of downside risk | -3.83 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.81 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 10.38 | -8.27 |
| Martin ratioReturn relative to average drawdown | 7.76 | 39.12 | -31.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HPAW.DE | XDEV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 4.52 | -2.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.23 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.71 | -0.06 |
Drawdowns
HPAW.DE vs. XDEV.DE - Drawdown Comparison
The maximum HPAW.DE drawdown since its inception was -21.61%, smaller than the maximum XDEV.DE drawdown of -35.28%. Use the drawdown chart below to compare losses from any high point for HPAW.DE and XDEV.DE.
Loading charts...
Drawdown Indicators
| HPAW.DE | XDEV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.61% | -35.28% | +13.67% |
Max Drawdown (1Y)Largest decline over 1 year | -9.00% | -6.05% | -2.95% |
Max Drawdown (3Y)Largest decline over 3 years | -21.61% | -18.02% | -3.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.28% | — |
Current DrawdownCurrent decline from peak | -0.37% | -1.07% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -5.56% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 1.61% | +0.84% |
Volatility
HPAW.DE vs. XDEV.DE - Volatility Comparison
The current volatility for HSBC MSCI World Climate Paris Aligned UCITS ETF (HPAW.DE) is 3.00%, while Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.DE) has a volatility of 5.77%. This indicates that HPAW.DE experiences smaller price fluctuations and is considered to be less risky than XDEV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HPAW.DE | XDEV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | 5.77% | -2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 8.29% | 11.20% | -2.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.75% | 13.89% | -2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.72% | 13.96% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.72% | 15.90% | -1.18% |
HPAW.DE vs. XDEV.DE - Expense Ratio Comparison
HPAW.DE has a 0.18% expense ratio, which is lower than XDEV.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. XDEV.DE - Dividend Comparison
Neither HPAW.DE nor XDEV.DE has paid dividends to shareholders.
Frequently Asked Questions
HPAW.DE and XDEV.DE have a correlation of 0.72, 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 XDEV.DE.
HPAW.DE tracks MSCI World Climate Paris Aligned, while XDEV.DE tracks MSCI ACWI Value NR USD. They also come from different issuers: HSBC and DWS. Their fees differ too: 0.18% for HPAW.DE and 0.25% for XDEV.DE.
Find the right allocation for HPAW.DE and XDEV.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer