H41C.DE vs. H4ZY.DE
H41C.DE (HSBC Developed World Sustainable Equity UCITS ETF USD) and H4ZY.DE (HSBC MSCI World UCITS ETF USD (Acc)) are both Global Equities funds from HSBC - H41C.DE tracks the FTSE Developed ESG Low Carbon Select while H4ZY.DE tracks the MSCI World. Both are passively managed. Over the past 3 years, H41C.DE returned 17.63%/yr vs 17.59%/yr for H4ZY.DE. With a 0.96 correlation, they move nearly in lockstep. H41C.DE charges 0.18%/yr vs 0.15%/yr for H4ZY.DE.
Performance
H41C.DE vs. H4ZY.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 H4ZY.DE's 10.90% 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*
- —
H4ZY.DE
- 1D
- -0.02%
- 1M
- 4.83%
- YTD
- 10.90%
- 6M
- 11.32%
- 1Y
- 23.91%
- 3Y*
- 17.59%
- 5Y*
- —
- 10Y*
- —
H41C.DE vs. H4ZY.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% | -4.10% |
H4ZY.DE HSBC MSCI World UCITS ETF USD (Acc) | 10.90% | 7.98% | 25.90% | 20.32% | -4.03% |
Correlation
The correlation between H41C.DE and H4ZY.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 | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.96 |
The correlation between H41C.DE and H4ZY.DE has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
H41C.DE vs. H4ZY.DE — Risk / Return Rank
H41C.DE
H4ZY.DE
H41C.DE vs. H4ZY.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 World UCITS ETF USD (Acc) (H4ZY.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 | H4ZY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.40 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.90 | 3.64 | +1.26 |
| Martin ratioReturn relative to average drawdown | 19.75 | 14.48 | +5.27 |
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 | H4ZY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.74 | 2.15 | +0.59 |
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 | 1.12 | +0.01 |
Drawdowns
H41C.DE vs. H4ZY.DE - Drawdown Comparison
The maximum H41C.DE drawdown since its inception was -20.76%, smaller than the maximum H4ZY.DE drawdown of -21.94%. Use the drawdown chart below to compare losses from any high point for H41C.DE and H4ZY.DE.
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Drawdown Indicators
| H41C.DE | H4ZY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.76% | -21.94% | +1.18% |
Max Drawdown (1Y)Largest decline over 1 year | -5.90% | -6.55% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -20.76% | -21.94% | +1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -20.76% | — | — |
Current DrawdownCurrent decline from peak | -0.14% | -0.32% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -3.60% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 1.65% | -0.18% |
Volatility
H41C.DE vs. H4ZY.DE - Volatility Comparison
HSBC Developed World Sustainable Equity UCITS ETF USD (H41C.DE) has a higher volatility of 3.01% compared to HSBC MSCI World UCITS ETF USD (Acc) (H4ZY.DE) at 2.62%. This indicates that H41C.DE's price experiences larger fluctuations and is considered to be riskier than H4ZY.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 | H4ZY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 2.62% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 7.58% | 7.66% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.55% | 11.09% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.29% | 13.49% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.35% | 13.49% | -0.14% |
H41C.DE vs. H4ZY.DE - Expense Ratio Comparison
H41C.DE has a 0.18% expense ratio, which is higher than H4ZY.DE's 0.15% expense ratio. However, 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. H4ZY.DE - Dividend Comparison
Neither H41C.DE nor H4ZY.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, H41C.DE and H4ZY.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, H4ZY.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZY.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for H41C.DE.
H41C.DE tracks FTSE Developed ESG Low Carbon Select, while H4ZY.DE tracks MSCI World. Their fees differ too: 0.18% for H41C.DE and 0.15% for H4ZY.DE.
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