H4Z6.DE vs. LCHI.DE
H4Z6.DE (HSBC MSCI China UCITS ETF USD (Acc)) and LCHI.DE (Amundi MSCI China ESG Leaders Extra UCITS ETF Acc) are both China Equities funds - H4Z6.DE tracks the MSCI China while LCHI.DE tracks the MSCI China Select ESG Rating and Trend Leaders. Both are passively managed. Over the past 3 years, H4Z6.DE returned 7.78%/yr vs 6.79%/yr for LCHI.DE. With a 0.97 correlation, they move nearly in lockstep. H4Z6.DE charges 0.28%/yr vs 0.65%/yr for LCHI.DE.
Performance
H4Z6.DE vs. LCHI.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with H4Z6.DE having a -6.53% return and LCHI.DE slightly lower at -6.56%.
H4Z6.DE
- 1D
- -0.38%
- 1M
- -3.35%
- YTD
- -6.53%
- 6M
- -9.01%
- 1Y
- 2.78%
- 3Y*
- 7.78%
- 5Y*
- —
- 10Y*
- —
LCHI.DE
- 1D
- -0.66%
- 1M
- -2.44%
- YTD
- -6.56%
- 6M
- -9.08%
- 1Y
- 3.00%
- 3Y*
- 6.79%
- 5Y*
- -6.02%
- 10Y*
- -0.61%
H4Z6.DE vs. LCHI.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% |
LCHI.DE Amundi MSCI China ESG Leaders Extra UCITS ETF Acc | -6.56% | 21.51% | 20.39% | -16.01% | -12.35% |
Correlation
The correlation between H4Z6.DE and LCHI.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2022 | 0.97 |
The correlation between H4Z6.DE and LCHI.DE has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
H4Z6.DE vs. LCHI.DE — Risk / Return Rank
H4Z6.DE
LCHI.DE
H4Z6.DE vs. LCHI.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 Amundi MSCI China ESG Leaders Extra UCITS ETF Acc (LCHI.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 | LCHI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.04 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 0.19 | -0.01 |
| Martin ratioReturn relative to average drawdown | 0.38 | 0.37 | 0.00 |
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 | LCHI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 0.17 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.20 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.09 | -0.03 |
Drawdowns
H4Z6.DE vs. LCHI.DE - Drawdown Comparison
The maximum H4Z6.DE drawdown since its inception was -33.47%, smaller than the maximum LCHI.DE drawdown of -70.36%. Use the drawdown chart below to compare losses from any high point for H4Z6.DE and LCHI.DE.
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Drawdown Indicators
| H4Z6.DE | LCHI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.47% | -70.36% | +36.89% |
Max Drawdown (1Y)Largest decline over 1 year | -16.85% | -17.61% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -24.47% | -26.53% | +2.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -53.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -58.24% | — |
Current DrawdownCurrent decline from peak | -14.82% | -45.52% | +30.70% |
Average DrawdownAverage peak-to-trough decline | -13.91% | -35.43% | +21.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.17% | 9.13% | -0.96% |
Volatility
H4Z6.DE vs. LCHI.DE - Volatility Comparison
The current volatility for HSBC MSCI China UCITS ETF USD (Acc) (H4Z6.DE) is 7.23%, while Amundi MSCI China ESG Leaders Extra UCITS ETF Acc (LCHI.DE) has a volatility of 7.94%. This indicates that H4Z6.DE experiences smaller price fluctuations and is considered to be less risky than LCHI.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 | LCHI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.23% | 7.94% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 13.11% | 14.06% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.60% | 20.12% | -1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.28% | 29.07% | -3.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.28% | 25.29% | -0.01% |
H4Z6.DE vs. LCHI.DE - Expense Ratio Comparison
H4Z6.DE has a 0.28% expense ratio, which is lower than LCHI.DE's 0.65% expense ratio.
Dividends
H4Z6.DE vs. LCHI.DE - Dividend Comparison
Neither H4Z6.DE nor LCHI.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, H4Z6.DE and LCHI.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, 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 0.65% for LCHI.DE.
H4Z6.DE tracks MSCI China, while LCHI.DE tracks MSCI China Select ESG Rating and Trend Leaders. They also come from different issuers: HSBC and Amundi. Their fees differ too: 0.28% for H4Z6.DE and 0.65% for LCHI.DE.
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