JGPI.DE vs. H412.DE

Last updated Jun 5, 2026

JGPI.DE (JPMorgan Global Equity Premium Income UCITS ETF) and H412.DE (HSBC USA Sustainable Equity UCITS ETF USD) are both Large Cap Blend Equities funds. JGPI.DE is actively managed, while H412.DE is passively managed. Over the past year, JGPI.DE returned -0.98% vs 32.69% for H412.DE. At a 0.40 correlation, their price movements are largely independent. JGPI.DE charges 0.35%/yr vs 0.12%/yr for H412.DE.

Performance

JGPI.DE vs. H412.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in JPMorgan Global Equity Premium Income UCITS ETF (JGPI.DE) and HSBC USA Sustainable Equity UCITS ETF USD (H412.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JGPI.DE achieves a -1.21% return, which is significantly lower than H412.DE's 15.33% return.

JGPI.DE

• 1D: -0.25%
• 1M: 0.10%
• YTD: -1.21%
• 6M: -1.08%
• 1Y: -0.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

H412.DE

• 1D: 0.46%
• 1M: 8.41%
• YTD: 15.33%
• 6M: 16.66%
• 1Y: 32.69%
• 3Y*: 18.35%
• 5Y*: 13.98%
• 10Y*: —

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

JGPI.DE vs. H412.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JGPI.DE JPMorgan Global Equity Premium Income UCITS ETF	-1.21%	-0.60%	14.79%	-1.17%
H412.DE HSBC USA Sustainable Equity UCITS ETF USD	15.33%	6.12%	26.73%	1.18%

Correlation

The correlation between JGPI.DE and H412.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Dec 8, 2023	0.40

The correlation between JGPI.DE and H412.DE shifts across timeframes, from 0.26 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JGPI.DE vs. H412.DE — Risk / Return Rank

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

JGPI.DE

JGPI.DE Risk / Return Rank: 8
JGPI.DE Sharpe Ratio Rank: 8
JGPI.DE Sortino Ratio Rank: 7
JGPI.DE Omega Ratio Rank: 7
JGPI.DE Calmar Ratio Rank: 8
JGPI.DE Martin Ratio Rank: 7

H412.DE

H412.DE Risk / Return Rank: 89
H412.DE Sharpe Ratio Rank: 88
H412.DE Sortino Ratio Rank: 88
H412.DE Omega Ratio Rank: 88
H412.DE Calmar Ratio Rank: 91
H412.DE Martin Ratio Rank: 89

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.

JGPI.DE vs. H412.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Equity Premium Income UCITS ETF (JGPI.DE) 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.

	JGPI.DE	H412.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.12	2.90	-3.02
Sortino ratio: Return per unit of downside risk	-0.12	3.94	-4.06
Omega ratio: Gain probability vs. loss probability	0.99	1.54	-0.55
Calmar ratio: Return relative to maximum drawdown	-0.12	5.88	-6.00
Martin ratio: Return relative to average drawdown	-0.32	19.52	-19.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JGPI.DE vs. H412.DE - Sharpe Ratio Comparison

The current JGPI.DE Sharpe Ratio is -0.12, which is lower than the H412.DE Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of JGPI.DE and H412.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.

Sharpe Ratios by Period

	JGPI.DE	H412.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.12	2.90	-3.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.94	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	1.06	-0.60

Drawdowns

JGPI.DE vs. H412.DE - Drawdown Comparison

The maximum JGPI.DE drawdown since its inception was -12.10%, smaller than the maximum H412.DE drawdown of -24.35%. Use the drawdown chart below to compare losses from any high point for JGPI.DE and H412.DE.

Drawdown Indicators

	JGPI.DE	H412.DE	Difference
Max Drawdown Largest peak-to-trough decline	-12.10%	-24.35%	+12.25%
Max Drawdown (1Y) Largest decline over 1 year	-8.18%	-5.54%	-2.64%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.35%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.35%	—
Current Drawdown Current decline from peak	-8.94%	0.00%	-8.94%
Average Drawdown Average peak-to-trough decline	-4.41%	-4.12%	-0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	1.67%	+1.38%

Volatility

JGPI.DE vs. H412.DE - Volatility Comparison

The current volatility for JPMorgan Global Equity Premium Income UCITS ETF (JGPI.DE) is 2.53%, while HSBC USA Sustainable Equity UCITS ETF USD (H412.DE) has a volatility of 3.27%. This indicates that JGPI.DE experiences smaller price fluctuations and is considered to be less risky than H412.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JGPI.DE	H412.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	3.27%	-0.74%
Volatility (6M) Calculated over the trailing 6-month period	5.35%	7.70%	-2.35%
Volatility (1Y) Calculated over the trailing 1-year period	7.92%	11.23%	-3.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.59%	14.70%	-5.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.59%	14.81%	-5.22%

JGPI.DE vs. H412.DE - Expense Ratio Comparison

JGPI.DE has a 0.35% expense ratio, which is higher than H412.DE's 0.12% expense ratio.

Dividends

JGPI.DE vs. H412.DE - Dividend Comparison

JGPI.DE's dividend yield for the trailing twelve months is around 8.85%, while H412.DE has not paid dividends to shareholders.

Position	TTM	2025	2024
H412.DE HSBC USA Sustainable Equity UCITS ETF USD	0.00%	0.00%	0.00%
JGPI.DE JPMorgan Global Equity Premium Income UCITS ETF	8.85%	8.18%	6.66%

Frequently Asked Questions

Can I hold both JGPI.DE and H412.DE in my portfolio?

JGPI.DE and H412.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JGPI.DE or H412.DE?

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.

Which ETF is cheaper, JGPI.DE or H412.DE?

H412.DE is cheaper with a 0.12% expense ratio, compared with 0.35% for JGPI.DE.

What is the main difference between JGPI.DE and H412.DE?

They also come from different issuers: JPMorgan and HSBC. Their fees differ too: 0.35% for JGPI.DE and 0.12% for H412.DE.