QDVB.DE vs. H412.DE
QDVB.DE (iShares Edge MSCI USA Quality Factor UCITS ETF) and H412.DE (HSBC USA Sustainable Equity UCITS ETF USD) are both Large Cap Blend Equities funds - QDVB.DE tracks the MSCI USA Sector Neutral Quality while H412.DE tracks the FTSE USA ESG Low Carbon Select. Both are passively managed. Over the past 5 years, QDVB.DE returned 12.96%/yr vs 13.98%/yr for H412.DE. Their correlation of 0.95 suggests significant overlap in exposure. QDVB.DE charges 0.20%/yr vs 0.12%/yr for H412.DE.
Performance
QDVB.DE vs. H412.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVB.DE achieves a 9.84% return, which is significantly lower than H412.DE's 15.33% return.
QDVB.DE
- 1D
- 0.72%
- 1M
- 5.60%
- YTD
- 9.84%
- 6M
- 9.96%
- 1Y
- 19.74%
- 3Y*
- 16.51%
- 5Y*
- 12.96%
- 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*
- —
QDVB.DE vs. H412.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QDVB.DE iShares Edge MSCI USA Quality Factor UCITS ETF | 9.84% | 0.36% | 29.35% | 26.56% | -16.50% | 39.05% | 8.31% |
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 QDVB.DE and H412.DE is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2020 | 0.95 |
The correlation between QDVB.DE and H412.DE has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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Return for Risk
QDVB.DE vs. H412.DE — Risk / Return Rank
QDVB.DE
H412.DE
QDVB.DE vs. H412.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Quality Factor UCITS ETF (QDVB.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.
| QDVB.DE | H412.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.54 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 5.88 | -2.96 |
| Martin ratioReturn relative to average drawdown | 10.33 | 19.52 | -9.19 |
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
| QDVB.DE | H412.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 2.90 | -1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.94 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 1.06 | -0.24 |
Drawdowns
QDVB.DE vs. H412.DE - Drawdown Comparison
The maximum QDVB.DE drawdown since its inception was -33.26%, which is greater than H412.DE's maximum drawdown of -24.35%. Use the drawdown chart below to compare losses from any high point for QDVB.DE and H412.DE.
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Drawdown Indicators
| QDVB.DE | H412.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.26% | -24.35% | -8.91% |
Max Drawdown (1Y)Largest decline over 1 year | -6.74% | -5.54% | -1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -22.66% | -24.35% | +1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -22.66% | -24.35% | +1.69% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -4.12% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 1.67% | +0.24% |
Volatility
QDVB.DE vs. H412.DE - Volatility Comparison
The current volatility for iShares Edge MSCI USA Quality Factor UCITS ETF (QDVB.DE) is 2.46%, while HSBC USA Sustainable Equity UCITS ETF USD (H412.DE) has a volatility of 3.27%. This indicates that QDVB.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
| QDVB.DE | H412.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.46% | 3.27% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 7.27% | 7.70% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.09% | 11.23% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.53% | 14.70% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.44% | 14.81% | +1.63% |
QDVB.DE vs. H412.DE - Expense Ratio Comparison
QDVB.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
QDVB.DE vs. H412.DE - Dividend Comparison
Neither QDVB.DE nor H412.DE has paid dividends to shareholders.
Frequently Asked Questions
QDVB.DE and H412.DE have a correlation of 0.89, 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 QDVB.DE.
QDVB.DE tracks MSCI USA Sector Neutral Quality, 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 QDVB.DE and 0.12% for H412.DE.
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