H4Z6.DE vs. H4ZY.DE
H4Z6.DE (HSBC MSCI China UCITS ETF USD (Acc)) and H4ZY.DE (HSBC MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - H4Z6.DE is a China Equities fund tracking the MSCI China, while H4ZY.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 3 years, H4Z6.DE returned 7.78%/yr vs 17.59%/yr for H4ZY.DE. At a 0.31 correlation, their price movements are largely independent. H4Z6.DE charges 0.28%/yr vs 0.15%/yr for H4ZY.DE.
Performance
H4Z6.DE vs. H4ZY.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 H4ZY.DE's 10.90% return.
H4Z6.DE
- 1D
- -0.38%
- 1M
- -3.35%
- YTD
- -6.53%
- 6M
- -9.01%
- 1Y
- 2.78%
- 3Y*
- 7.78%
- 5Y*
- —
- 10Y*
- —
H4ZY.DE
- 1D
- -0.02%
- 1M
- 3.67%
- YTD
- 10.90%
- 6M
- 10.95%
- 1Y
- 23.84%
- 3Y*
- 17.59%
- 5Y*
- —
- 10Y*
- —
H4Z6.DE vs. H4ZY.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% |
H4ZY.DE HSBC MSCI World UCITS ETF USD (Acc) | 10.90% | 7.98% | 25.90% | 20.32% | -5.51% |
Correlation
The correlation between H4Z6.DE and H4ZY.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2022 | 0.31 |
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Return for Risk
H4Z6.DE vs. H4ZY.DE — Risk / Return Rank
H4Z6.DE
H4ZY.DE
H4Z6.DE vs. H4ZY.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 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.
| H4Z6.DE | H4ZY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.40 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 3.64 | -3.45 |
| Martin ratioReturn relative to average drawdown | 0.38 | 14.48 | -14.10 |
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 | H4ZY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 2.15 | -1.98 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 1.12 | -1.06 |
Drawdowns
H4Z6.DE vs. H4ZY.DE - Drawdown Comparison
The maximum H4Z6.DE drawdown since its inception was -33.47%, which is greater than H4ZY.DE's maximum drawdown of -21.94%. Use the drawdown chart below to compare losses from any high point for H4Z6.DE and H4ZY.DE.
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Drawdown Indicators
| H4Z6.DE | H4ZY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.47% | -21.94% | -11.53% |
Max Drawdown (1Y)Largest decline over 1 year | -16.85% | -6.55% | -10.30% |
Max Drawdown (3Y)Largest decline over 3 years | -24.47% | -21.94% | -2.53% |
Current DrawdownCurrent decline from peak | -14.82% | -0.32% | -14.50% |
Average DrawdownAverage peak-to-trough decline | -13.91% | -3.60% | -10.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.17% | 1.65% | +6.52% |
Volatility
H4Z6.DE vs. H4ZY.DE - Volatility Comparison
HSBC MSCI China UCITS ETF USD (Acc) (H4Z6.DE) has a higher volatility of 7.23% compared to HSBC MSCI World UCITS ETF USD (Acc) (H4ZY.DE) at 2.62%. This indicates that H4Z6.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
| H4Z6.DE | H4ZY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.23% | 2.62% | +4.61% |
Volatility (6M)Calculated over the trailing 6-month period | 13.11% | 7.66% | +5.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.60% | 11.09% | +7.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.28% | 13.49% | +11.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.28% | 13.49% | +11.79% |
H4Z6.DE vs. H4ZY.DE - Expense Ratio Comparison
H4Z6.DE has a 0.28% expense ratio, which is higher than H4ZY.DE's 0.15% expense ratio.
Dividends
H4Z6.DE vs. H4ZY.DE - Dividend Comparison
Neither H4Z6.DE nor H4ZY.DE has paid dividends to shareholders.
Frequently Asked Questions
H4Z6.DE and H4ZY.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.28% for H4Z6.DE.
H4Z6.DE is categorized as China Equities, while H4ZY.DE is Global Equities. H4Z6.DE tracks MSCI China, while H4ZY.DE tracks MSCI World. Their fees differ too: 0.28% for H4Z6.DE and 0.15% for H4ZY.DE.
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