H4Z6.DE vs. 36BZ.DE
H4Z6.DE (HSBC MSCI China UCITS ETF USD (Acc)) and 36BZ.DE (iShares MSCI China A UCITS ETF) are both China Equities funds - H4Z6.DE tracks the MSCI China while 36BZ.DE tracks the MSCI China A Inclusion. Both are passively managed. Over the past 3 years, H4Z6.DE returned 7.78%/yr vs 8.44%/yr for 36BZ.DE. A 0.73 correlation means they provide meaningful diversification when combined. H4Z6.DE charges 0.28%/yr vs 0.40%/yr for 36BZ.DE.
Performance
H4Z6.DE vs. 36BZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4Z6.DE achieves a -6.53% return, which is significantly lower than 36BZ.DE's 9.71% return.
H4Z6.DE
- 1D
- -0.38%
- 1M
- -3.35%
- YTD
- -6.53%
- 6M
- -9.01%
- 1Y
- 2.78%
- 3Y*
- 7.78%
- 5Y*
- —
- 10Y*
- —
36BZ.DE
- 1D
- -0.75%
- 1M
- 0.35%
- YTD
- 9.71%
- 6M
- 11.84%
- 1Y
- 33.04%
- 3Y*
- 8.44%
- 5Y*
- -0.23%
- 10Y*
- 5.98%
H4Z6.DE vs. 36BZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
H4Z6.DE HSBC MSCI China UCITS ETF USD (Acc) | -6.53% | 16.48% | 27.04% | -14.63% | -10.19% |
36BZ.DE iShares MSCI China A UCITS ETF | 9.71% | 10.25% | 19.91% | -17.13% | -13.59% |
Correlation
The correlation between H4Z6.DE and 36BZ.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2022 | 0.73 |
The correlation between H4Z6.DE and 36BZ.DE has been stable across timeframes, ranging from 0.69 to 0.73 - a consistent structural relationship.
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Return for Risk
H4Z6.DE vs. 36BZ.DE — Risk / Return Rank
H4Z6.DE
36BZ.DE
H4Z6.DE vs. 36BZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI China UCITS ETF USD (Acc) (H4Z6.DE) and iShares MSCI China A UCITS ETF (36BZ.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.
| H4Z6.DE | 36BZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.38 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 5.10 | -4.91 |
| Martin ratioReturn relative to average drawdown | 0.38 | 13.77 | -13.39 |
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
| H4Z6.DE | 36BZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 2.11 | -1.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.01 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.03 | +0.04 |
Drawdowns
H4Z6.DE vs. 36BZ.DE - Drawdown Comparison
The maximum H4Z6.DE drawdown since its inception was -33.47%, smaller than the maximum 36BZ.DE drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for H4Z6.DE and 36BZ.DE.
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Drawdown Indicators
| H4Z6.DE | 36BZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.47% | -53.30% | +19.83% |
Max Drawdown (1Y)Largest decline over 1 year | -16.85% | -6.57% | -10.28% |
Max Drawdown (3Y)Largest decline over 3 years | -24.47% | -28.01% | +3.54% |
Max Drawdown (5Y)Largest decline over 5 years | — | -41.94% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.38% | — |
Current DrawdownCurrent decline from peak | -14.82% | -10.22% | -4.60% |
Average DrawdownAverage peak-to-trough decline | -13.91% | -30.19% | +16.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.17% | 2.44% | +5.73% |
Volatility
H4Z6.DE vs. 36BZ.DE - Volatility Comparison
HSBC MSCI China UCITS ETF USD (Acc) (H4Z6.DE) has a higher volatility of 7.23% compared to iShares MSCI China A UCITS ETF (36BZ.DE) at 5.55%. This indicates that H4Z6.DE's price experiences larger fluctuations and is considered to be riskier than 36BZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H4Z6.DE | 36BZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.23% | 5.55% | +1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 13.11% | 10.96% | +2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.60% | 15.83% | +2.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.28% | 21.44% | +3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.28% | 22.10% | +3.18% |
H4Z6.DE vs. 36BZ.DE - Expense Ratio Comparison
H4Z6.DE has a 0.28% expense ratio, which is lower than 36BZ.DE's 0.40% expense ratio.
Dividends
H4Z6.DE vs. 36BZ.DE - Dividend Comparison
Neither H4Z6.DE nor 36BZ.DE has paid dividends to shareholders.
Frequently Asked Questions
H4Z6.DE and 36BZ.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4Z6.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4Z6.DE is cheaper with a 0.28% expense ratio, compared with 0.40% for 36BZ.DE.
H4Z6.DE tracks MSCI China, while 36BZ.DE tracks MSCI China A Inclusion. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.28% for H4Z6.DE and 0.40% for 36BZ.DE.
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