MVEA.DE vs. H412.DE
MVEA.DE (iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF) and H412.DE (HSBC USA Sustainable Equity UCITS ETF USD) are both Large Cap Blend Equities funds - MVEA.DE tracks the Russell 1000 TR USD while H412.DE tracks the FTSE USA ESG Low Carbon Select. Both are passively managed. Over the past 5 years, MVEA.DE returned 6.87%/yr vs 13.98%/yr for H412.DE. Their correlation of 0.81 suggests significant overlap in exposure. MVEA.DE charges 0.20%/yr vs 0.12%/yr for H412.DE.
Performance
MVEA.DE vs. H412.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MVEA.DE achieves a 2.43% return, which is significantly lower than H412.DE's 15.33% return.
MVEA.DE
- 1D
- -0.13%
- 1M
- 3.15%
- YTD
- 2.43%
- 6M
- 2.17%
- 1Y
- 1.20%
- 3Y*
- 6.69%
- 5Y*
- 6.87%
- 10Y*
- —
H412.DE
- 1D
- 0.46%
- 1M
- 7.70%
- YTD
- 15.33%
- 6M
- 15.89%
- 1Y
- 32.34%
- 3Y*
- 18.35%
- 5Y*
- 13.98%
- 10Y*
- —
MVEA.DE vs. H412.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MVEA.DE iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF | 2.43% | -7.09% | 19.73% | 8.74% | -6.83% | 34.90% | 2.54% |
H412.DE HSBC USA Sustainable Equity UCITS ETF USD | 15.33% | 6.12% | 26.73% | 17.60% | -13.13% | 39.39% | 7.92% |
Correlation
The correlation between MVEA.DE and H412.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2020 | 0.81 |
Over the past year, the correlation between MVEA.DE and H412.DE has dropped to 0.56 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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
MVEA.DE vs. H412.DE — Risk / Return Rank
MVEA.DE
H412.DE
MVEA.DE vs. H412.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.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.
| MVEA.DE | H412.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.80 | ||
| Sortino ratioReturn per unit of downside risk | -3.75 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.54 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 5.88 | -5.71 |
| Martin ratioReturn relative to average drawdown | 0.35 | 19.52 | -19.17 |
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
| MVEA.DE | H412.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 2.90 | -2.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.94 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 1.06 | -0.40 |
Drawdowns
MVEA.DE vs. H412.DE - Drawdown Comparison
The maximum MVEA.DE drawdown since its inception was -17.47%, smaller than the maximum H412.DE drawdown of -24.35%. Use the drawdown chart below to compare losses from any high point for MVEA.DE and H412.DE.
Loading charts...
Drawdown Indicators
| MVEA.DE | H412.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.47% | -24.35% | +6.88% |
Max Drawdown (1Y)Largest decline over 1 year | -4.92% | -5.54% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -17.47% | -24.35% | +6.88% |
Max Drawdown (5Y)Largest decline over 5 years | -17.47% | -24.35% | +6.88% |
Current DrawdownCurrent decline from peak | -10.27% | 0.00% | -10.27% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -4.12% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 1.67% | +0.72% |
Volatility
MVEA.DE vs. H412.DE - Volatility Comparison
The current volatility for iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.DE) is 2.72%, while HSBC USA Sustainable Equity UCITS ETF USD (H412.DE) has a volatility of 3.27%. This indicates that MVEA.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.
Loading charts...
Volatility by Period
| MVEA.DE | H412.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 3.27% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 5.90% | 7.70% | -1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.97% | 11.23% | -2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.27% | 14.70% | -2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.79% | 14.81% | -2.02% |
MVEA.DE vs. H412.DE - Expense Ratio Comparison
MVEA.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
MVEA.DE vs. H412.DE - Dividend Comparison
Neither MVEA.DE nor H412.DE has paid dividends to shareholders.
Frequently Asked Questions
MVEA.DE and H412.DE have a correlation of 0.56, 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 MVEA.DE.
MVEA.DE tracks Russell 1000 TR USD, while H412.DE tracks FTSE USA ESG Low Carbon Select. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.20% for MVEA.DE and 0.12% for H412.DE.
Find the right allocation for MVEA.DE and H412.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