HWWA.L vs. H412.DE
HWWA.L (HSBC Multi Factor Worldwide Equity UCITS ETF) and H412.DE (HSBC USA Sustainable Equity UCITS ETF USD) are both exchange-traded funds - HWWA.L is a Global Equities fund tracking the MSCI ACWI NR USD, while H412.DE is a Large Cap Blend Equities fund tracking the FTSE USA ESG Low Carbon Select. Both are passively managed. Over the past 5 years, HWWA.L returned 12.99%/yr vs 14.15%/yr for H412.DE. Their correlation of 0.85 suggests significant overlap in exposure. HWWA.L charges 0.25%/yr vs 0.12%/yr for H412.DE.
Performance
HWWA.L vs. H412.DE - Performance Comparison
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Different Trading Currencies
HWWA.L is traded in GBP, while H412.DE is traded in EUR. To make them comparable, the H412.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, HWWA.L achieves a 13.69% return, which is significantly lower than H412.DE's 14.42% return.
HWWA.L
- 1D
- -0.33%
- 1M
- 5.53%
- YTD
- 13.69%
- 6M
- 14.69%
- 1Y
- 34.30%
- 3Y*
- 19.39%
- 5Y*
- 12.99%
- 10Y*
- 13.22%
H412.DE
- 1D
- 0.58%
- 1M
- 8.66%
- YTD
- 14.42%
- 6M
- 15.53%
- 1Y
- 36.27%
- 3Y*
- 18.52%
- 5Y*
- 14.15%
- 10Y*
- —
HWWA.L vs. H412.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HWWA.L HSBC Multi Factor Worldwide Equity UCITS ETF | 13.69% | 16.74% | 17.83% | 15.71% | -7.83% | 21.70% | 9.17% |
H412.DE HSBC USA Sustainable Equity UCITS ETF USD | 14.42% | 11.64% | 21.21% | 15.26% | -8.37% | 29.56% | 7.41% |
Correlation
The correlation between HWWA.L and H412.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2020 | 0.85 |
The correlation between HWWA.L and H412.DE has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.
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Return for Risk
HWWA.L vs. H412.DE — Risk / Return Rank
HWWA.L
H412.DE
HWWA.L vs. H412.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Multi Factor Worldwide Equity UCITS ETF (HWWA.L) and HSBC USA Sustainable Equity UCITS ETF USD (H412.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.
| HWWA.L | H412.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.62 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 5.06 | 6.59 | -1.52 |
| Martin ratioReturn relative to average drawdown | 21.35 | 23.09 | -1.73 |
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
| HWWA.L | H412.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.34 | 3.34 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 0.98 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 1.02 | -0.19 |
Drawdowns
HWWA.L vs. H412.DE - Drawdown Comparison
The maximum HWWA.L drawdown since its inception was -25.12%, which is greater than H412.DE's maximum drawdown of -22.06%. Use the drawdown chart below to compare losses from any high point for HWWA.L and H412.DE.
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Drawdown Indicators
| HWWA.L | H412.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.12% | -22.06% | -3.06% |
Max Drawdown (1Y)Largest decline over 1 year | -6.74% | -5.48% | -1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -16.79% | -22.06% | +5.27% |
Max Drawdown (5Y)Largest decline over 5 years | -16.79% | -22.06% | +5.27% |
Max Drawdown (10Y)Largest decline over 10 years | -25.12% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | 0.00% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -3.53% | -3.22% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 1.57% | +0.03% |
Volatility
HWWA.L vs. H412.DE - Volatility Comparison
HSBC Multi Factor Worldwide Equity UCITS ETF (HWWA.L) and HSBC USA Sustainable Equity UCITS ETF USD (H412.DE) have volatilities of 3.48% and 3.58%, 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
| HWWA.L | H412.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 3.58% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 7.85% | 7.72% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.23% | 10.83% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.69% | 14.27% | -1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.32% | 14.48% | -0.16% |
HWWA.L vs. H412.DE - Expense Ratio Comparison
HWWA.L has a 0.25% expense ratio, which is higher than H412.DE's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
HWWA.L vs. H412.DE - Dividend Comparison
HWWA.L's dividend yield for the trailing twelve months is around 1.29%, while H412.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H412.DE HSBC USA Sustainable Equity UCITS ETF USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HWWA.L HSBC Multi Factor Worldwide Equity UCITS ETF | 1.29% | 1.43% | 1.58% | 1.95% | 2.07% | 1.48% | 1.45% | 2.07% | 2.10% | 1.86% | 1.71% | 1.97% |
Frequently Asked Questions
HWWA.L and H412.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H412.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H412.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for HWWA.L.
HWWA.L is categorized as Global Equities, while H412.DE is Large Cap Blend Equities. HWWA.L tracks MSCI ACWI NR USD, while H412.DE tracks FTSE USA ESG Low Carbon Select. Their fees differ too: 0.25% for HWWA.L and 0.12% for H412.DE.
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