H411.DE vs. XCHA.DE
H411.DE (HSBC MSCI AC Far East ex Japan UCITS ETF USD) and XCHA.DE (Xtrackers CSI 300 Swap UCITS ETF 1C) are both exchange-traded funds - H411.DE is a Asia Pacific Equities fund tracking the MSCI AC Far East ex Japan, while XCHA.DE is a China Equities fund tracking the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 10 years, H411.DE returned 10.38%/yr vs 9.29%/yr for XCHA.DE. A 0.63 correlation means they provide meaningful diversification when combined. H411.DE charges 0.45%/yr vs 0.50%/yr for XCHA.DE.
Performance
H411.DE vs. XCHA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H411.DE achieves a 34.59% return, which is significantly higher than XCHA.DE's 14.99% return. Over the past 10 years, H411.DE has outperformed XCHA.DE with an annualized return of 10.38%, while XCHA.DE has yielded a comparatively lower 9.29% annualized return.
H411.DE
- 1D
- -1.16%
- 1M
- -0.93%
- YTD
- 34.59%
- 6M
- 35.38%
- 1Y
- 60.63%
- 3Y*
- 25.26%
- 5Y*
- 8.20%
- 10Y*
- 10.38%
XCHA.DE
- 1D
- 0.10%
- 1M
- 2.78%
- YTD
- 14.99%
- 6M
- 15.82%
- 1Y
- 43.98%
- 3Y*
- 14.45%
- 5Y*
- 3.34%
- 10Y*
- 9.29%
H411.DE vs. XCHA.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 | 34.59% | 25.21% | 18.89% | -1.57% | -16.06% | -1.91% | 13.56% | 22.02% | -11.68% | 24.72% |
XCHA.DE Xtrackers CSI 300 Swap UCITS ETF 1C | 14.99% | 14.66% | 24.36% | -14.24% | -19.19% | 13.31% | 31.26% | 44.91% | -21.79% | 18.93% |
Correlation
The correlation between H411.DE and XCHA.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2013 | 0.63 |
The correlation between H411.DE and XCHA.DE shifts across timeframes, from 0.54 (1 year) to 0.66 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
H411.DE vs. XCHA.DE — Risk / Return Rank
H411.DE
XCHA.DE
H411.DE vs. XCHA.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 Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.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.
| H411.DE | XCHA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.47 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 5.44 | 7.37 | -1.92 |
| Martin ratioReturn relative to average drawdown | 17.52 | 18.68 | -1.17 |
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Drawdowns
H411.DE vs. XCHA.DE - Drawdown Comparison
The maximum H411.DE drawdown since its inception was -38.70%, smaller than the maximum XCHA.DE drawdown of -52.27%. Use the drawdown chart below to compare losses from any high point for H411.DE and XCHA.DE.
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Drawdown Indicators
| H411.DE | XCHA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.70% | -52.27% | +13.57% |
Max Drawdown (1Y)Largest decline over 1 year | -11.08% | -5.94% | -5.14% |
Max Drawdown (3Y)Largest decline over 3 years | -23.17% | -26.34% | +3.17% |
Max Drawdown (5Y)Largest decline over 5 years | -33.92% | -37.05% | +3.13% |
Max Drawdown (10Y)Largest decline over 10 years | -38.70% | -38.54% | -0.16% |
Current DrawdownCurrent decline from peak | -7.49% | -2.88% | -4.61% |
Average DrawdownAverage peak-to-trough decline | -15.61% | -24.43% | +8.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 2.35% | +1.10% |
Volatility
H411.DE vs. XCHA.DE - Volatility Comparison
HSBC MSCI AC Far East ex Japan UCITS ETF USD (H411.DE) has a higher volatility of 10.71% compared to Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.DE) at 6.72%. This indicates that H411.DE's price experiences larger fluctuations and is considered to be riskier than XCHA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H411.DE | XCHA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.71% | 6.72% | +3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 18.60% | 11.85% | +6.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.78% | 16.54% | +5.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.02% | 21.34% | -1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.10% | 22.20% | -1.10% |
H411.DE vs. XCHA.DE - Expense Ratio Comparison
H411.DE has a 0.45% expense ratio, which is lower than XCHA.DE's 0.50% expense ratio.
Dividends
H411.DE vs. XCHA.DE - Dividend Comparison
Neither H411.DE nor XCHA.DE has paid dividends to shareholders.
Frequently Asked Questions
H411.DE and XCHA.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H411.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H411.DE is cheaper with a 0.45% expense ratio, compared with 0.50% for XCHA.DE.
H411.DE is categorized as Asia Pacific Equities, while XCHA.DE is China Equities. H411.DE tracks MSCI AC Far East ex Japan, while XCHA.DE tracks MSCI China A Onshore NR CNY. They also come from different issuers: HSBC and Xtrackers. Their fees differ too: 0.45% for H411.DE and 0.50% for XCHA.DE.
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