H41C.DE vs. H4ZL.DE
H41C.DE (HSBC Developed World Sustainable Equity UCITS ETF USD) and H4ZL.DE (HSBC FTSE EPRA NAREIT Developed UCITS ETF USD) are both exchange-traded funds - H41C.DE is a Global Equities fund tracking the FTSE Developed ESG Low Carbon Select, while H4ZL.DE is a REIT fund tracking the FTSE EPRA/NAREIT Developed. Both are passively managed. Over the past 3 years, H41C.DE returned 18.51%/yr vs 8.40%/yr for H4ZL.DE. A 0.56 correlation means they provide meaningful diversification when combined. H41C.DE charges 0.18%/yr vs 0.24%/yr for H4ZL.DE.
Performance
H41C.DE vs. H4ZL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H41C.DE achieves a 16.21% return, which is significantly higher than H4ZL.DE's 13.70% return.
H41C.DE
- 1D
- 0.00%
- 1M
- 1.31%
- 6M
- 15.04%
- YTD
- 16.21%
- 1Y
- 29.44%
- 3Y*
- 18.51%
- 5Y*
- 12.21%
- 10Y*
- —
H4ZL.DE
- 1D
- 0.05%
- 1M
- 2.05%
- 6M
- 10.58%
- YTD
- 13.70%
- 1Y
- 17.30%
- 3Y*
- 8.40%
- 5Y*
- —
- 10Y*
- —
H41C.DE vs. H4ZL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
H41C.DE HSBC Developed World Sustainable Equity UCITS ETF USD | 16.21% | 10.36% | 21.66% | 16.26% |
H4ZL.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD | 13.70% | -1.48% | 5.75% | 6.44% |
Correlation
The correlation between H41C.DE and H4ZL.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2023 | 0.56 |
The correlation between H41C.DE and H4ZL.DE shifts across timeframes, from 0.46 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
H41C.DE vs. H4ZL.DE — Risk / Return Rank
H41C.DE
H4ZL.DE
H41C.DE vs. H4ZL.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 FTSE EPRA NAREIT Developed UCITS ETF USD (H4ZL.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.
| H41C.DE | H4ZL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.27 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 5.01 | 2.21 | +2.81 |
| Martin ratioReturn relative to average drawdown | 20.69 | 7.68 | +13.01 |
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Drawdowns
H41C.DE vs. H4ZL.DE - Drawdown Comparison
The maximum H41C.DE drawdown since its inception was -20.76%, roughly equal to the maximum H4ZL.DE drawdown of -20.11%. Use the drawdown chart below to compare losses from any high point for H41C.DE and H4ZL.DE.
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Drawdown Indicators
| H41C.DE | H4ZL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.76% | -20.11% | -0.65% |
Max Drawdown (1Y)Largest decline over 1 year | -5.90% | -7.84% | +1.94% |
Max Drawdown (3Y)Largest decline over 3 years | -20.76% | -20.11% | -0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -20.76% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | -0.93% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -6.49% | +2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 2.25% | -0.82% |
Volatility
H41C.DE vs. H4ZL.DE - Volatility Comparison
The current volatility for HSBC Developed World Sustainable Equity UCITS ETF USD (H41C.DE) is 2.50%, while HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (H4ZL.DE) has a volatility of 3.21%. This indicates that H41C.DE experiences smaller price fluctuations and is considered to be less risky than H4ZL.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 | H4ZL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 3.21% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 8.25% | 8.71% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.90% | 11.18% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.35% | 13.96% | -0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.28% | 13.96% | -0.68% |
H41C.DE vs. H4ZL.DE - Expense Ratio Comparison
H41C.DE has a 0.18% expense ratio, which is lower than H4ZL.DE's 0.24% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
H41C.DE vs. H4ZL.DE - Dividend Comparison
H41C.DE has not paid dividends to shareholders, while H4ZL.DE's dividend yield for the trailing twelve months is around 2.88%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
H41C.DE HSBC Developed World Sustainable Equity UCITS ETF USD | 0.00% | 0.00% | 0.00% | 0.00% |
H4ZL.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD | 2.88% | 3.31% | 3.28% | 3.42% |
Frequently Asked Questions
H41C.DE and H4ZL.DE have a correlation of 0.46, 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 0.24% for H4ZL.DE.
H41C.DE is categorized as Global Equities, while H4ZL.DE is REIT. H41C.DE tracks FTSE Developed ESG Low Carbon Select, while H4ZL.DE tracks FTSE EPRA/NAREIT Developed. Their fees differ too: 0.18% for H41C.DE and 0.24% for H4ZL.DE.
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