H411.DE vs. H4ZJ.DE

Last updated Apr 3, 2026

Compare and contrast key facts about HSBC MSCI AC Far East ex Japan UCITS ETF USD (H411.DE) and HSBC MSCI World UCITS ETF USD (H4ZJ.DE).

H411.DE and H4ZJ.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. H411.DE is a passively managed fund by HSBC that tracks the performance of the MSCI AC Far East ex Japan. It was launched on Sep 27, 2013. H4ZJ.DE is a passively managed fund by HSBC that tracks the performance of the MSCI World. It was launched on Dec 8, 2010. Both H411.DE and H4ZJ.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

H411.DE vs. H4ZJ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in HSBC MSCI AC Far East ex Japan UCITS ETF USD (H411.DE) and HSBC MSCI World UCITS ETF USD (H4ZJ.DE). The values are adjusted to include any dividend payments, if applicable.

H411.DE vs. H4ZJ.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
H411.DE HSBC MSCI AC Far East ex Japan UCITS ETF USD	7.16%	25.21%	18.89%	-1.55%	-16.07%	-1.90%	13.55%	22.02%	-11.68%	24.72%
H4ZJ.DE HSBC MSCI World UCITS ETF USD	-1.30%	8.00%	26.94%	22.28%	-13.11%	35.34%	7.78%	34.57%	-2.46%	9.87%

Returns By Period

In the year-to-date period, H411.DE achieves a 7.16% return, which is significantly higher than H4ZJ.DE's -1.30% return. Over the past 10 years, H411.DE has underperformed H4ZJ.DE with an annualized return of 8.35%, while H4ZJ.DE has yielded a comparatively higher 13.76% annualized return.

H411.DE

• 1D: -2.03%
• 1M: -2.68%
• YTD: 7.16%
• 6M: 8.93%
• 1Y: 32.84%
• 3Y*: 14.70%
• 5Y*: 3.36%
• 10Y*: 8.35%

H4ZJ.DE

• 1D: 0.09%
• 1M: -1.91%
• YTD: -1.30%
• 6M: 1.75%
• 1Y: 12.37%
• 3Y*: 15.95%
• 5Y*: 11.89%
• 10Y*: 13.76%

*Multi-year figures are annualized to reflect compound growth (CAGR)

H411.DE vs. H4ZJ.DE - Expense Ratio Comparison

H411.DE has a 0.45% expense ratio, which is higher than H4ZJ.DE's 0.15% expense ratio.

H411.DE

HSBC MSCI AC Far East ex Japan UCITS ETF USD

H4ZJ.DE

HSBC MSCI World UCITS ETF USD

Return for Risk

H411.DE vs. H4ZJ.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

H411.DE

H411.DE Risk / Return Rank: 62
H411.DE Sharpe Ratio Rank: 59
H411.DE Sortino Ratio Rank: 63
H411.DE Omega Ratio Rank: 71
H411.DE Calmar Ratio Rank: 69
H411.DE Martin Ratio Rank: 45

H4ZJ.DE

H4ZJ.DE Risk / Return Rank: 55
H4ZJ.DE Sharpe Ratio Rank: 37
H4ZJ.DE Sortino Ratio Rank: 35
H4ZJ.DE Omega Ratio Rank: 38
H4ZJ.DE Calmar Ratio Rank: 82
H4ZJ.DE Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

H411.DE vs. H4ZJ.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI AC Far East ex Japan UCITS ETF USD (H411.DE) and HSBC MSCI World UCITS ETF USD (H4ZJ.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.

	H411.DE	H4ZJ.DE	Difference
Sharpe ratio Return per unit of total volatility	1.10	0.76	+0.34
Sortino ratio Return per unit of downside risk	1.69	1.10	+0.59
Omega ratio Gain probability vs. loss probability	1.28	1.17	+0.11
Calmar ratio Return relative to maximum drawdown	2.22	2.77	-0.55
Martin ratio Return relative to average drawdown	5.49	10.58	-5.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

H411.DE vs. H4ZJ.DE - Sharpe Ratio Comparison

The current H411.DE Sharpe Ratio is 1.10, which is higher than the H4ZJ.DE Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of H411.DE and H4ZJ.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	H411.DE	H4ZJ.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.10	0.76	+0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	0.83	-0.67
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.90	-0.50
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.87	-0.49

Correlation

The correlation between H411.DE and H4ZJ.DE is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

H411.DE vs. H4ZJ.DE - Dividend Comparison

H411.DE has not paid dividends to shareholders, while H4ZJ.DE's dividend yield for the trailing twelve months is around 1.29%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
H411.DE HSBC MSCI AC Far East ex Japan UCITS ETF USD	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
H4ZJ.DE HSBC MSCI World UCITS ETF USD	1.29%	1.28%	2.06%	3.02%	2.65%	2.73%	3.30%	4.02%	4.71%	3.58%	4.02%	3.46%

Drawdowns

H411.DE vs. H4ZJ.DE - Drawdown Comparison

The maximum H411.DE drawdown since its inception was -38.70%, which is greater than H4ZJ.DE's maximum drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for H411.DE and H4ZJ.DE.

Drawdown Indicators

	H411.DE	H4ZJ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-38.70%	-33.60%	-5.10%
Max Drawdown (1Y) Largest decline over 1 year	-17.51%	-8.71%	-8.80%
Max Drawdown (5Y) Largest decline over 5 years	-34.65%	-21.65%	-13.00%
Max Drawdown (10Y) Largest decline over 10 years	-38.70%	-33.60%	-5.10%
Current Drawdown Current decline from peak	-9.27%	-4.01%	-5.26%
Average Drawdown Average peak-to-trough decline	-13.45%	-4.07%	-9.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.07%	1.72%	+5.35%

Volatility

H411.DE vs. H4ZJ.DE - Volatility Comparison

HSBC MSCI AC Far East ex Japan UCITS ETF USD (H411.DE) has a higher volatility of 7.86% compared to HSBC MSCI World UCITS ETF USD (H4ZJ.DE) at 4.21%. This indicates that H411.DE's price experiences larger fluctuations and is considered to be riskier than H4ZJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	H411.DE	H4ZJ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.86%	4.21%	+3.65%
Volatility (6M) Calculated over the trailing 6-month period	25.09%	8.44%	+16.65%
Volatility (1Y) Calculated over the trailing 1-year period	29.64%	16.15%	+13.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.20%	14.16%	+7.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.24%	15.09%	+5.15%