36BZ.DE vs. H4Z6.DE
36BZ.DE (iShares MSCI China A UCITS ETF) and H4Z6.DE (HSBC MSCI China UCITS ETF USD (Acc)) are both China Equities funds - 36BZ.DE tracks the MSCI China A Inclusion while H4Z6.DE tracks the MSCI China. Both are passively managed. Over the past 3 years, 36BZ.DE returned 8.44%/yr vs 7.78%/yr for H4Z6.DE. A 0.73 correlation means they provide meaningful diversification when combined. 36BZ.DE charges 0.40%/yr vs 0.28%/yr for H4Z6.DE.
Performance
36BZ.DE vs. H4Z6.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, 36BZ.DE achieves a 9.71% return, which is significantly higher than H4Z6.DE's -6.53% return.
36BZ.DE
- 1D
- -0.75%
- 1M
- 0.35%
- YTD
- 9.71%
- 6M
- 11.84%
- 1Y
- 33.04%
- 3Y*
- 8.44%
- 5Y*
- -0.23%
- 10Y*
- 5.98%
H4Z6.DE
- 1D
- -0.38%
- 1M
- -3.35%
- YTD
- -6.53%
- 6M
- -9.01%
- 1Y
- 2.78%
- 3Y*
- 7.78%
- 5Y*
- —
- 10Y*
- —
36BZ.DE vs. H4Z6.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
36BZ.DE iShares MSCI China A UCITS ETF | 9.71% | 10.25% | 19.91% | -17.13% | -13.59% |
H4Z6.DE HSBC MSCI China UCITS ETF USD (Acc) | -6.53% | 16.48% | 27.04% | -14.63% | -10.19% |
Correlation
The correlation between 36BZ.DE and H4Z6.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2022 | 0.73 |
The correlation between 36BZ.DE and H4Z6.DE has been stable across timeframes, ranging from 0.69 to 0.73 - a consistent structural relationship.
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
36BZ.DE vs. H4Z6.DE — Risk / Return Rank
36BZ.DE
H4Z6.DE
36BZ.DE vs. H4Z6.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF (36BZ.DE) and HSBC MSCI China UCITS ETF USD (Acc) (H4Z6.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.
| 36BZ.DE | H4Z6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.95 | ||
| Sortino ratioReturn per unit of downside risk | +2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.04 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 5.10 | 0.18 | +4.91 |
| Martin ratioReturn relative to average drawdown | 13.77 | 0.38 | +13.39 |
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
| 36BZ.DE | H4Z6.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 0.17 | +1.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.06 | -0.04 |
Drawdowns
36BZ.DE vs. H4Z6.DE - Drawdown Comparison
The maximum 36BZ.DE drawdown since its inception was -53.30%, which is greater than H4Z6.DE's maximum drawdown of -33.47%. Use the drawdown chart below to compare losses from any high point for 36BZ.DE and H4Z6.DE.
Loading charts...
Drawdown Indicators
| 36BZ.DE | H4Z6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.30% | -33.47% | -19.83% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -16.85% | +10.28% |
Max Drawdown (3Y)Largest decline over 3 years | -28.01% | -24.47% | -3.54% |
Max Drawdown (5Y)Largest decline over 5 years | -41.94% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.38% | — | — |
Current DrawdownCurrent decline from peak | -10.22% | -14.82% | +4.60% |
Average DrawdownAverage peak-to-trough decline | -30.19% | -13.91% | -16.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 8.17% | -5.73% |
Volatility
36BZ.DE vs. H4Z6.DE - Volatility Comparison
The current volatility for iShares MSCI China A UCITS ETF (36BZ.DE) is 5.55%, while HSBC MSCI China UCITS ETF USD (Acc) (H4Z6.DE) has a volatility of 7.23%. This indicates that 36BZ.DE experiences smaller price fluctuations and is considered to be less risky than H4Z6.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| 36BZ.DE | H4Z6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 7.23% | -1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 13.11% | -2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.83% | 18.60% | -2.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.44% | 25.28% | -3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.10% | 25.28% | -3.18% |
36BZ.DE vs. H4Z6.DE - Expense Ratio Comparison
36BZ.DE has a 0.40% expense ratio, which is higher than H4Z6.DE's 0.28% expense ratio.
Dividends
36BZ.DE vs. H4Z6.DE - Dividend Comparison
Neither 36BZ.DE nor H4Z6.DE has paid dividends to shareholders.
Frequently Asked Questions
36BZ.DE and H4Z6.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4Z6.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4Z6.DE is cheaper with a 0.28% expense ratio, compared with 0.40% for 36BZ.DE.
36BZ.DE tracks MSCI China A Inclusion, while H4Z6.DE tracks MSCI China. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.40% for 36BZ.DE and 0.28% for H4Z6.DE.
Find the right allocation for 36BZ.DE and H4Z6.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