XD9E.DE vs. H412.DE
XD9E.DE (Xtrackers MSCI USA UCITS ETF EUR Hedged (Acc)) and H412.DE (HSBC USA Sustainable Equity UCITS ETF USD) are both Large Cap Blend Equities funds - XD9E.DE tracks the MSCI USA Index (EUR Hedged) while H412.DE tracks the FTSE USA ESG Low Carbon Select. Both are passively managed. Over the past 5 years, XD9E.DE returned 9.77%/yr vs 13.00%/yr for H412.DE. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.12% expense ratio.
Performance
XD9E.DE vs. H412.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XD9E.DE achieves a 7.69% return, which is significantly lower than H412.DE's 16.09% return.
XD9E.DE
- 1D
- 0.17%
- 1M
- -0.94%
- 6M
- 8.68%
- YTD
- 7.69%
- 1Y
- 17.37%
- 3Y*
- 17.80%
- 5Y*
- 9.77%
- 10Y*
- —
H412.DE
- 1D
- 0.00%
- 1M
- 1.12%
- 6M
- 17.14%
- YTD
- 16.09%
- 1Y
- 30.51%
- 3Y*
- 17.97%
- 5Y*
- 13.00%
- 10Y*
- —
XD9E.DE vs. H412.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XD9E.DE Xtrackers MSCI USA UCITS ETF EUR Hedged (Acc) | 7.69% | 14.99% | 22.93% | 24.29% | -23.21% | 26.83% | 19.45% |
H412.DE HSBC USA Sustainable Equity UCITS ETF USD | 16.09% | 6.12% | 26.73% | 17.60% | -13.13% | 39.39% | 7.95% |
Correlation
The correlation between XD9E.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 | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2020 | 0.78 |
The correlation between XD9E.DE and H412.DE has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.
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Return for Risk
XD9E.DE vs. H412.DE — Risk / Return Rank
XD9E.DE
H412.DE
XD9E.DE vs. H412.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI USA UCITS ETF EUR Hedged (Acc) (XD9E.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.
| XD9E.DE | H412.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.48 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 5.54 | -3.58 |
| Martin ratioReturn relative to average drawdown | 7.74 | 18.47 | -10.72 |
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Drawdowns
XD9E.DE vs. H412.DE - Drawdown Comparison
The maximum XD9E.DE drawdown since its inception was -34.71%, 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 XD9E.DE and H412.DE.
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Drawdown Indicators
| XD9E.DE | H412.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.71% | -24.35% | -10.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.82% | -5.54% | -3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -18.85% | -24.35% | +5.50% |
Max Drawdown (5Y)Largest decline over 5 years | -27.10% | -24.35% | -2.75% |
Current DrawdownCurrent decline from peak | -1.50% | -0.65% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -6.09% | -3.99% | -2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 1.66% | +0.58% |
Volatility
XD9E.DE vs. H412.DE - Volatility Comparison
Xtrackers MSCI USA UCITS ETF EUR Hedged (Acc) (XD9E.DE) has a higher volatility of 4.08% compared to HSBC USA Sustainable Equity UCITS ETF USD (H412.DE) at 3.87%. This indicates that XD9E.DE's price experiences larger fluctuations and is considered to be riskier 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
| XD9E.DE | H412.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 3.87% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.24% | 8.44% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.19% | 11.74% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.29% | 14.78% | +1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.46% | 14.47% | +2.99% |
XD9E.DE vs. H412.DE - Expense Ratio Comparison
Both XD9E.DE and H412.DE have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XD9E.DE vs. H412.DE - Dividend Comparison
Neither XD9E.DE nor H412.DE has paid dividends to shareholders.
Frequently Asked Questions
XD9E.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.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XD9E.DE and H412.DE have the same expense ratio: 0.12% per year.
XD9E.DE tracks MSCI USA Index (EUR Hedged), while H412.DE tracks FTSE USA ESG Low Carbon Select. They also come from different issuers: Xtrackers and HSBC.
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