CBUK.DE vs. H4ZX.DE
CBUK.DE (iShares MSCI China Tech UCITS ETF USD Acc) and H4ZX.DE (HSBC Hang Seng TECH UCITS ETF HKD) are both Technology Equities funds - CBUK.DE tracks the MSCI China Technology Sub-Industries ESG Screened Select Capped while H4ZX.DE tracks the Hang Seng TECH. Both are passively managed. Over the past 3 years, CBUK.DE returned 13.37%/yr vs 6.77%/yr for H4ZX.DE. Their correlation of 0.94 suggests significant overlap in exposure. CBUK.DE charges 0.45%/yr vs 0.50%/yr for H4ZX.DE.
Performance
CBUK.DE vs. H4ZX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUK.DE achieves a 2.62% return, which is significantly higher than H4ZX.DE's -10.21% return.
CBUK.DE
- 1D
- -0.11%
- 1M
- 4.25%
- YTD
- 2.62%
- 6M
- 0.39%
- 1Y
- 20.86%
- 3Y*
- 13.37%
- 5Y*
- —
- 10Y*
- —
H4ZX.DE
- 1D
- -0.76%
- 1M
- 1.65%
- YTD
- -10.21%
- 6M
- -11.15%
- 1Y
- -6.78%
- 3Y*
- 6.77%
- 5Y*
- -8.49%
- 10Y*
- —
CBUK.DE vs. H4ZX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CBUK.DE iShares MSCI China Tech UCITS ETF USD Acc | 2.62% | 21.05% | 18.05% | -9.04% | -1.49% |
H4ZX.DE HSBC Hang Seng TECH UCITS ETF HKD | -10.21% | 10.69% | 28.06% | -11.53% | -4.35% |
Correlation
The correlation between CBUK.DE and H4ZX.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2022 | 0.94 |
The correlation between CBUK.DE and H4ZX.DE has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
CBUK.DE vs. H4ZX.DE — Risk / Return Rank
CBUK.DE
H4ZX.DE
CBUK.DE vs. H4ZX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China Tech UCITS ETF USD Acc (CBUK.DE) and HSBC Hang Seng TECH UCITS ETF HKD (H4ZX.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.
| CBUK.DE | H4ZX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.98 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | -0.22 | +1.15 |
| Martin ratioReturn relative to average drawdown | 1.88 | -0.41 | +2.29 |
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
| CBUK.DE | H4ZX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | -0.26 | +1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | -0.20 | +0.42 |
Drawdowns
CBUK.DE vs. H4ZX.DE - Drawdown Comparison
The maximum CBUK.DE drawdown since its inception was -37.29%, smaller than the maximum H4ZX.DE drawdown of -69.32%. Use the drawdown chart below to compare losses from any high point for CBUK.DE and H4ZX.DE.
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Drawdown Indicators
| CBUK.DE | H4ZX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.29% | -69.32% | +32.03% |
Max Drawdown (1Y)Largest decline over 1 year | -23.99% | -30.08% | +6.09% |
Max Drawdown (3Y)Largest decline over 3 years | -28.54% | -33.31% | +4.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -60.34% | — |
Current DrawdownCurrent decline from peak | -11.37% | -52.22% | +40.85% |
Average DrawdownAverage peak-to-trough decline | -16.27% | -49.50% | +33.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.77% | 16.57% | -4.80% |
Volatility
CBUK.DE vs. H4ZX.DE - Volatility Comparison
The current volatility for iShares MSCI China Tech UCITS ETF USD Acc (CBUK.DE) is 8.51%, while HSBC Hang Seng TECH UCITS ETF HKD (H4ZX.DE) has a volatility of 10.02%. This indicates that CBUK.DE experiences smaller price fluctuations and is considered to be less risky than H4ZX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBUK.DE | H4ZX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.51% | 10.02% | -1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 16.60% | 18.64% | -2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.47% | 26.17% | -2.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.52% | 37.84% | -6.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.52% | 37.65% | -6.13% |
CBUK.DE vs. H4ZX.DE - Expense Ratio Comparison
CBUK.DE has a 0.45% expense ratio, which is lower than H4ZX.DE's 0.50% expense ratio.
Dividends
CBUK.DE vs. H4ZX.DE - Dividend Comparison
Neither CBUK.DE nor H4ZX.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, CBUK.DE and H4ZX.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, CBUK.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUK.DE is cheaper with a 0.45% expense ratio, compared with 0.50% for H4ZX.DE.
CBUK.DE tracks MSCI China Technology Sub-Industries ESG Screened Select Capped, while H4ZX.DE tracks Hang Seng TECH. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.45% for CBUK.DE and 0.50% for H4ZX.DE.
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