H4Z6.DE vs. CHIN.DE
H4Z6.DE (HSBC MSCI China UCITS ETF USD (Acc)) and CHIN.DE (KraneShares ICBCCS S&P China 500 Index UCITS ETF USD) are both China Equities funds - H4Z6.DE tracks the MSCI China while CHIN.DE tracks the S&P China 500 Index. Both are passively managed. Over the past year, H4Z6.DE returned 2.78% vs 26.49% for CHIN.DE. Their correlation of 0.90 suggests significant overlap in exposure. H4Z6.DE charges 0.28%/yr vs 0.55%/yr for CHIN.DE.
Performance
H4Z6.DE vs. CHIN.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 CHIN.DE's 6.22% return.
H4Z6.DE
- 1D
- -0.38%
- 1M
- -3.35%
- YTD
- -6.53%
- 6M
- -9.01%
- 1Y
- 2.78%
- 3Y*
- 7.78%
- 5Y*
- —
- 10Y*
- —
CHIN.DE
- 1D
- -0.55%
- 1M
- -0.17%
- YTD
- 6.22%
- 6M
- 6.27%
- 1Y
- 26.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
H4Z6.DE vs. CHIN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
H4Z6.DE HSBC MSCI China UCITS ETF USD (Acc) | -6.53% | 16.48% | 27.04% | -7.46% |
CHIN.DE KraneShares ICBCCS S&P China 500 Index UCITS ETF USD | 6.22% | 16.60% | 23.10% | -6.61% |
Correlation
The correlation between H4Z6.DE and CHIN.DE is 0.85, 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 | 0.85 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2023 | 0.90 |
The correlation between H4Z6.DE and CHIN.DE has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
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Return for Risk
H4Z6.DE vs. CHIN.DE — Risk / Return Rank
H4Z6.DE
CHIN.DE
H4Z6.DE vs. CHIN.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 KraneShares ICBCCS S&P China 500 Index UCITS ETF USD (CHIN.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 | CHIN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.28 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 3.02 | -2.84 |
| Martin ratioReturn relative to average drawdown | 0.38 | 8.15 | -7.77 |
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 | CHIN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 1.57 | -1.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.64 | -0.58 |
Drawdowns
H4Z6.DE vs. CHIN.DE - Drawdown Comparison
The maximum H4Z6.DE drawdown since its inception was -33.47%, which is greater than CHIN.DE's maximum drawdown of -22.95%. Use the drawdown chart below to compare losses from any high point for H4Z6.DE and CHIN.DE.
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Drawdown Indicators
| H4Z6.DE | CHIN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.47% | -22.95% | -10.52% |
Max Drawdown (1Y)Largest decline over 1 year | -16.85% | -8.84% | -8.01% |
Max Drawdown (3Y)Largest decline over 3 years | -24.47% | — | — |
Current DrawdownCurrent decline from peak | -14.82% | -3.48% | -11.34% |
Average DrawdownAverage peak-to-trough decline | -13.91% | -7.69% | -6.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.17% | 3.29% | +4.88% |
Volatility
H4Z6.DE vs. CHIN.DE - Volatility Comparison
HSBC MSCI China UCITS ETF USD (Acc) (H4Z6.DE) has a higher volatility of 7.23% compared to KraneShares ICBCCS S&P China 500 Index UCITS ETF USD (CHIN.DE) at 6.18%. This indicates that H4Z6.DE's price experiences larger fluctuations and is considered to be riskier than CHIN.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 | CHIN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.23% | 6.18% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 13.11% | 12.00% | +1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.60% | 17.09% | +1.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.28% | 22.41% | +2.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.28% | 22.41% | +2.87% |
H4Z6.DE vs. CHIN.DE - Expense Ratio Comparison
H4Z6.DE has a 0.28% expense ratio, which is lower than CHIN.DE's 0.55% expense ratio.
Dividends
H4Z6.DE vs. CHIN.DE - Dividend Comparison
Neither H4Z6.DE nor CHIN.DE has paid dividends to shareholders.
Frequently Asked Questions
H4Z6.DE and CHIN.DE have a correlation of 0.85, 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 0.55% for CHIN.DE.
H4Z6.DE tracks MSCI China, while CHIN.DE tracks S&P China 500 Index. They also come from different issuers: HSBC and KraneShares. Their fees differ too: 0.28% for H4Z6.DE and 0.55% for CHIN.DE.
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