H41C.DE vs. H4Z6.DE
H41C.DE (HSBC Developed World Sustainable Equity UCITS ETF USD) and H4Z6.DE (HSBC MSCI China UCITS ETF USD (Acc)) are both exchange-traded funds - H41C.DE is a Global Equities fund tracking the FTSE Developed ESG Low Carbon Select, while H4Z6.DE is a China Equities fund tracking the MSCI China. Both are passively managed. Over the past 3 years, H41C.DE returned 17.63%/yr vs 7.78%/yr for H4Z6.DE. At a 0.31 correlation, their price movements are largely independent. H41C.DE charges 0.18%/yr vs 0.28%/yr for H4Z6.DE.
Performance
H41C.DE vs. H4Z6.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H41C.DE achieves a 14.28% return, which is significantly higher than H4Z6.DE's -6.53% return.
H41C.DE
- 1D
- 0.27%
- 1M
- 7.53%
- YTD
- 14.28%
- 6M
- 16.44%
- 1Y
- 29.03%
- 3Y*
- 17.63%
- 5Y*
- 12.71%
- 10Y*
- —
H4Z6.DE
- 1D
- -0.38%
- 1M
- -1.87%
- YTD
- -6.53%
- 6M
- -8.04%
- 1Y
- 3.08%
- 3Y*
- 7.78%
- 5Y*
- —
- 10Y*
- —
H41C.DE vs. H4Z6.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
H41C.DE HSBC Developed World Sustainable Equity UCITS ETF USD | 14.28% | 10.36% | 21.66% | 16.26% | -4.88% |
H4Z6.DE HSBC MSCI China UCITS ETF USD (Acc) | -6.53% | 16.48% | 27.04% | -14.63% | -10.19% |
Correlation
The correlation between H41C.DE and H4Z6.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2022 | 0.31 |
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Return for Risk
H41C.DE vs. H4Z6.DE — Risk / Return Rank
H41C.DE
H4Z6.DE
H41C.DE vs. H4Z6.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Developed World Sustainable Equity UCITS ETF USD (H41C.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.
| H41C.DE | H4Z6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.57 | ||
| Sortino ratioReturn per unit of downside risk | +3.48 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.04 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 4.90 | 0.18 | +4.72 |
| Martin ratioReturn relative to average drawdown | 19.75 | 0.38 | +19.37 |
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
| H41C.DE | H4Z6.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.74 | 0.17 | +2.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.06 | +1.07 |
Drawdowns
H41C.DE vs. H4Z6.DE - Drawdown Comparison
The maximum H41C.DE drawdown since its inception was -20.76%, smaller than the maximum H4Z6.DE drawdown of -33.47%. Use the drawdown chart below to compare losses from any high point for H41C.DE and H4Z6.DE.
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Drawdown Indicators
| H41C.DE | H4Z6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.76% | -33.47% | +12.71% |
Max Drawdown (1Y)Largest decline over 1 year | -5.90% | -16.85% | +10.95% |
Max Drawdown (3Y)Largest decline over 3 years | -20.76% | -24.47% | +3.71% |
Max Drawdown (5Y)Largest decline over 5 years | -20.76% | — | — |
Current DrawdownCurrent decline from peak | -0.14% | -14.82% | +14.68% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -13.91% | +10.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 8.17% | -6.70% |
Volatility
H41C.DE vs. H4Z6.DE - Volatility Comparison
The current volatility for HSBC Developed World Sustainable Equity UCITS ETF USD (H41C.DE) is 3.01%, while HSBC MSCI China UCITS ETF USD (Acc) (H4Z6.DE) has a volatility of 7.23%. This indicates that H41C.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.
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Volatility by Period
| H41C.DE | H4Z6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 7.23% | -4.22% |
Volatility (6M)Calculated over the trailing 6-month period | 7.58% | 13.11% | -5.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.55% | 18.60% | -8.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.29% | 25.28% | -11.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.35% | 25.28% | -11.93% |
H41C.DE vs. H4Z6.DE - Expense Ratio Comparison
H41C.DE has a 0.18% expense ratio, which is lower than H4Z6.DE's 0.28% expense ratio.
Dividends
H41C.DE vs. H4Z6.DE - Dividend Comparison
Neither H41C.DE nor H4Z6.DE has paid dividends to shareholders.
Frequently Asked Questions
H41C.DE and H4Z6.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H41C.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H41C.DE is cheaper with a 0.18% expense ratio, compared with 0.28% for H4Z6.DE.
H41C.DE is categorized as Global Equities, while H4Z6.DE is China Equities. H41C.DE tracks FTSE Developed ESG Low Carbon Select, while H4Z6.DE tracks MSCI China. Their fees differ too: 0.18% for H41C.DE and 0.28% for H4Z6.DE.
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