H4Z6.DE vs. H41G.DE
H4Z6.DE (HSBC MSCI China UCITS ETF USD (Acc)) and H41G.DE (HSBC MSCI World Small Cap ESG UCITS ETF USD (Acc)) are both exchange-traded funds - H4Z6.DE is a China Equities fund tracking the MSCI China, while H41G.DE is a Global Equities fund tracking the MSCI World Small Cap SRI ESG Leaders Select. Both are passively managed. Over the past 3 years, H4Z6.DE returned 7.78%/yr vs 12.01%/yr for H41G.DE. At a 0.31 correlation, their price movements are largely independent. H4Z6.DE charges 0.28%/yr vs 0.25%/yr for H41G.DE.
Performance
H4Z6.DE vs. H41G.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 H41G.DE's 12.22% return.
H4Z6.DE
- 1D
- -0.38%
- 1M
- -3.35%
- YTD
- -6.53%
- 6M
- -9.01%
- 1Y
- 2.78%
- 3Y*
- 7.78%
- 5Y*
- —
- 10Y*
- —
H41G.DE
- 1D
- 0.61%
- 1M
- 2.87%
- YTD
- 12.22%
- 6M
- 13.07%
- 1Y
- 23.63%
- 3Y*
- 12.01%
- 5Y*
- —
- 10Y*
- —
H4Z6.DE vs. H41G.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% | 23.01% |
H41G.DE HSBC MSCI World Small Cap ESG UCITS ETF USD (Acc) | 12.22% | 3.96% | 12.21% | 11.87% | -2.26% |
Correlation
The correlation between H4Z6.DE and H41G.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2022 | 0.31 |
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Return for Risk
H4Z6.DE vs. H41G.DE — Risk / Return Rank
H4Z6.DE
H41G.DE
H4Z6.DE vs. H41G.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 HSBC MSCI World Small Cap ESG UCITS ETF USD (Acc) (H41G.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 | H41G.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.32 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 2.89 | -2.71 |
| Martin ratioReturn relative to average drawdown | 0.38 | 10.99 | -10.62 |
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 | H41G.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 1.76 | -1.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.66 | -0.60 |
Drawdowns
H4Z6.DE vs. H41G.DE - Drawdown Comparison
The maximum H4Z6.DE drawdown since its inception was -33.47%, which is greater than H41G.DE's maximum drawdown of -24.84%. Use the drawdown chart below to compare losses from any high point for H4Z6.DE and H41G.DE.
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Drawdown Indicators
| H4Z6.DE | H41G.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.47% | -24.84% | -8.63% |
Max Drawdown (1Y)Largest decline over 1 year | -16.85% | -8.12% | -8.73% |
Max Drawdown (3Y)Largest decline over 3 years | -24.47% | -24.84% | +0.37% |
Current DrawdownCurrent decline from peak | -14.82% | 0.00% | -14.82% |
Average DrawdownAverage peak-to-trough decline | -13.91% | -4.87% | -9.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.17% | 2.14% | +6.03% |
Volatility
H4Z6.DE vs. H41G.DE - Volatility Comparison
HSBC MSCI China UCITS ETF USD (Acc) (H4Z6.DE) has a higher volatility of 7.23% compared to HSBC MSCI World Small Cap ESG UCITS ETF USD (Acc) (H41G.DE) at 3.35%. This indicates that H4Z6.DE's price experiences larger fluctuations and is considered to be riskier than H41G.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 | H41G.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.23% | 3.35% | +3.88% |
Volatility (6M)Calculated over the trailing 6-month period | 13.11% | 9.50% | +3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.60% | 13.30% | +5.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.28% | 15.71% | +9.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.28% | 15.71% | +9.57% |
H4Z6.DE vs. H41G.DE - Expense Ratio Comparison
H4Z6.DE has a 0.28% expense ratio, which is higher than H41G.DE's 0.25% expense ratio.
Dividends
H4Z6.DE vs. H41G.DE - Dividend Comparison
Neither H4Z6.DE nor H41G.DE has paid dividends to shareholders.
Frequently Asked Questions
H4Z6.DE and H41G.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H41G.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H41G.DE is cheaper with a 0.25% expense ratio, compared with 0.28% for H4Z6.DE.
H4Z6.DE is categorized as China Equities, while H41G.DE is Global Equities. H4Z6.DE tracks MSCI China, while H41G.DE tracks MSCI World Small Cap SRI ESG Leaders Select. Their fees differ too: 0.28% for H4Z6.DE and 0.25% for H41G.DE.
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