JUHE.DE vs. H412.DE
JUHE.DE (JPM US Research Enhanced Index Equity Active UCITS ETF EUR Hedged Acc) and H412.DE (HSBC USA Sustainable Equity UCITS ETF USD) are both Large Cap Blend Equities funds. JUHE.DE is actively managed, while H412.DE is passively managed. Over the past 3 years, JUHE.DE returned 17.13%/yr vs 18.78%/yr for H412.DE. A 0.76 correlation means they provide meaningful diversification when combined. JUHE.DE charges 0.20%/yr vs 0.12%/yr for H412.DE.
Performance
JUHE.DE vs. H412.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JUHE.DE achieves a 7.89% return, which is significantly lower than H412.DE's 16.09% return.
JUHE.DE
- 1D
- 0.12%
- 1M
- 0.05%
- 6M
- 8.27%
- YTD
- 7.89%
- 1Y
- 17.77%
- 3Y*
- 17.13%
- 5Y*
- —
- 10Y*
- —
H412.DE
- 1D
- 0.00%
- 1M
- 0.70%
- 6M
- 15.92%
- YTD
- 16.09%
- 1Y
- 29.05%
- 3Y*
- 18.78%
- 5Y*
- 12.80%
- 10Y*
- —
JUHE.DE vs. H412.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JUHE.DE JPM US Research Enhanced Index Equity Active UCITS ETF EUR Hedged Acc | 7.89% | 14.34% | 23.03% | 25.17% | -19.09% |
H412.DE HSBC USA Sustainable Equity UCITS ETF USD | 16.09% | 6.12% | 26.73% | 17.60% | -10.38% |
Correlation
The correlation between JUHE.DE and H412.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2022 | 0.76 |
The correlation between JUHE.DE and H412.DE has been stable across timeframes, ranging from 0.76 to 0.76 - a consistent structural relationship.
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Return for Risk
JUHE.DE vs. H412.DE — Risk / Return Rank
JUHE.DE
H412.DE
JUHE.DE vs. H412.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM US Research Enhanced Index Equity Active UCITS ETF EUR Hedged Acc (JUHE.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.
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.
| JUHE.DE | H412.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.46 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 5.27 | -3.07 |
| Martin ratioReturn relative to average drawdown | 8.94 | 17.56 | -8.62 |
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Drawdowns
JUHE.DE vs. H412.DE - Drawdown Comparison
The maximum JUHE.DE drawdown since its inception was -23.01%, smaller than the maximum H412.DE drawdown of -24.35%. Use the drawdown chart below to compare losses from any high point for JUHE.DE and H412.DE.
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Drawdown Indicators
| JUHE.DE | H412.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.01% | -24.35% | +1.34% |
Max Drawdown (1Y)Largest decline over 1 year | -8.56% | -5.54% | -3.02% |
Max Drawdown (3Y)Largest decline over 3 years | -19.02% | -24.35% | +5.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.35% | — |
Current DrawdownCurrent decline from peak | -0.72% | -0.70% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -3.98% | -2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 1.66% | +0.45% |
Volatility
JUHE.DE vs. H412.DE - Volatility Comparison
The current volatility for JPM US Research Enhanced Index Equity Active UCITS ETF EUR Hedged Acc (JUHE.DE) is 2.70%, while HSBC USA Sustainable Equity UCITS ETF USD (H412.DE) has a volatility of 2.91%. This indicates that JUHE.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.
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Volatility by Period
| JUHE.DE | H412.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 2.91% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 8.54% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.95% | 11.75% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 14.78% | +1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 14.45% | +1.64% |
JUHE.DE vs. H412.DE - Expense Ratio Comparison
JUHE.DE has a 0.20% 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
JUHE.DE vs. H412.DE - Dividend Comparison
Neither JUHE.DE nor H412.DE has paid dividends to shareholders.
Frequently Asked Questions
JUHE.DE and H412.DE have a correlation of 0.76, 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 0.20% for JUHE.DE.
They also come from different issuers: JPMorgan and HSBC. Their fees differ too: 0.20% for JUHE.DE and 0.12% for H412.DE.
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