H4Z6.DE vs. M9SV.DE
H4Z6.DE (HSBC MSCI China UCITS ETF USD (Acc)) and M9SV.DE (Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR) are both China Equities funds - H4Z6.DE tracks the MSCI China while M9SV.DE tracks the STOXX China A 900 Minimum Variance Unconstrained AM Index. Both are passively managed. Over the past 3 years, H4Z6.DE returned 7.99%/yr vs 7.54%/yr for M9SV.DE. At a 0.43 correlation, their price movements are largely independent. H4Z6.DE charges 0.28%/yr vs 0.45%/yr for M9SV.DE.
Performance
H4Z6.DE vs. M9SV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4Z6.DE achieves a -7.09% return, which is significantly lower than M9SV.DE's -2.87% return.
H4Z6.DE
- 1D
- 0.00%
- 1M
- 2.23%
- 6M
- -12.56%
- YTD
- -7.09%
- 1Y
- 1.27%
- 3Y*
- 7.99%
- 5Y*
- —
- 10Y*
- —
M9SV.DE
- 1D
- -0.01%
- 1M
- -1.84%
- 6M
- -5.02%
- YTD
- -2.87%
- 1Y
- 3.05%
- 3Y*
- 7.54%
- 5Y*
- 4.91%
- 10Y*
- —
H4Z6.DE vs. M9SV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
H4Z6.DE HSBC MSCI China UCITS ETF USD (Acc) | -7.09% | 16.48% | 27.04% | -14.63% | -10.11% |
M9SV.DE Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR | -2.87% | -5.32% | 37.47% | 2.90% | -7.35% |
Correlation
The correlation between H4Z6.DE and M9SV.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2022 | 0.44 |
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Return for Risk
H4Z6.DE vs. M9SV.DE — Risk / Return Rank
H4Z6.DE
M9SV.DE
H4Z6.DE vs. M9SV.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 Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR (M9SV.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| H4Z6.DE | M9SV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.05 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.06 | 0.42 | -0.36 |
| Martin ratioReturn relative to average drawdown | 0.12 | 0.95 | -0.83 |
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Drawdowns
H4Z6.DE vs. M9SV.DE - Drawdown Comparison
The maximum H4Z6.DE drawdown since its inception was -33.47%, which is greater than M9SV.DE's maximum drawdown of -23.79%. Use the drawdown chart below to compare losses from any high point for H4Z6.DE and M9SV.DE.
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Drawdown Indicators
| H4Z6.DE | M9SV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.47% | -23.79% | -9.68% |
Max Drawdown (1Y)Largest decline over 1 year | -21.03% | -7.28% | -13.75% |
Max Drawdown (3Y)Largest decline over 3 years | -24.47% | -23.79% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.79% | — |
Current DrawdownCurrent decline from peak | -15.34% | -16.41% | +1.07% |
Average DrawdownAverage peak-to-trough decline | -14.03% | -9.52% | -4.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.22% | 3.20% | +7.02% |
Volatility
H4Z6.DE vs. M9SV.DE - Volatility Comparison
HSBC MSCI China UCITS ETF USD (Acc) (H4Z6.DE) has a higher volatility of 5.76% compared to Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR (M9SV.DE) at 3.37%. This indicates that H4Z6.DE's price experiences larger fluctuations and is considered to be riskier than M9SV.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 | M9SV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 3.37% | +2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 13.70% | 7.32% | +6.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.21% | 11.07% | +8.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.16% | 20.42% | +4.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.16% | 21.48% | +3.68% |
H4Z6.DE vs. M9SV.DE - Expense Ratio Comparison
H4Z6.DE has a 0.28% expense ratio, which is lower than M9SV.DE's 0.45% expense ratio.
Dividends
H4Z6.DE vs. M9SV.DE - Dividend Comparison
Neither H4Z6.DE nor M9SV.DE has paid dividends to shareholders.
Frequently Asked Questions
H4Z6.DE and M9SV.DE have a correlation of 0.44, 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 0.45% for M9SV.DE.
H4Z6.DE tracks MSCI China, while M9SV.DE tracks STOXX China A 900 Minimum Variance Unconstrained AM Index. They also come from different issuers: HSBC and Market Access. Their fees differ too: 0.28% for H4Z6.DE and 0.45% for M9SV.DE.
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