H4Z6.DE vs. MCHI
Compare and contrast key facts about HSBC MSCI China UCITS ETF USD (Acc) (H4Z6.DE) and iShares MSCI China ETF (MCHI).
H4Z6.DE and MCHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. H4Z6.DE is a passively managed fund by HSBC that tracks the performance of the MSCI China. It was launched on Jul 12, 2022. MCHI is a passively managed fund by iShares that tracks the performance of the MSCI China Index. It was launched on Mar 29, 2011. Both H4Z6.DE and MCHI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
H4Z6.DE vs. MCHI - Performance Comparison
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H4Z6.DE vs. MCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
H4Z6.DE HSBC MSCI China UCITS ETF USD (Acc) | -6.01% | 16.48% | 27.04% | -14.63% | -10.19% |
MCHI iShares MSCI China ETF | -5.36% | 15.49% | 25.50% | -14.58% | -10.79% |
Different Trading Currencies
H4Z6.DE is traded in EUR, while MCHI is traded in USD. To make them comparable, the MCHI values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, H4Z6.DE achieves a -6.01% return, which is significantly lower than MCHI's -5.34% return.
H4Z6.DE
- 1D
- 1.10%
- 1M
- -2.63%
- YTD
- -6.01%
- 6M
- -12.78%
- 1Y
- -2.09%
- 3Y*
- 4.79%
- 5Y*
- —
- 10Y*
- —
MCHI
- 1D
- 0.00%
- 1M
- -1.20%
- YTD
- -5.34%
- 6M
- -14.27%
- 1Y
- -1.06%
- 3Y*
- 4.36%
- 5Y*
- -5.38%
- 10Y*
- 4.58%
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H4Z6.DE vs. MCHI - Expense Ratio Comparison
H4Z6.DE has a 0.28% expense ratio, which is lower than MCHI's 0.59% expense ratio.
Return for Risk
H4Z6.DE vs. MCHI — Risk / Return Rank
H4Z6.DE
MCHI
H4Z6.DE vs. MCHI - 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 iShares MSCI China ETF (MCHI). 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 | MCHI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.10 | -0.04 | -0.05 |
Sortino ratioReturn per unit of downside risk | 0.01 | 0.11 | -0.09 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.01 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | -0.03 | -0.12 | +0.09 |
Martin ratioReturn relative to average drawdown | -0.08 | -0.30 | +0.22 |
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 | MCHI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.10 | -0.04 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.18 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.15 | -0.08 |
Correlation
The correlation between H4Z6.DE and MCHI is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
H4Z6.DE vs. MCHI - Dividend Comparison
H4Z6.DE has not paid dividends to shareholders, while MCHI's dividend yield for the trailing twelve months is around 2.28%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H4Z6.DE HSBC MSCI China UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MCHI iShares MSCI China ETF | 2.28% | 2.12% | 2.31% | 2.66% | 1.78% | 1.04% | 1.04% | 1.45% | 1.60% | 1.56% | 1.66% | 2.76% |
Drawdowns
H4Z6.DE vs. MCHI - Drawdown Comparison
The maximum H4Z6.DE drawdown since its inception was -33.47%, smaller than the maximum MCHI drawdown of -56.70%. Use the drawdown chart below to compare losses from any high point for H4Z6.DE and MCHI.
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Drawdown Indicators
| H4Z6.DE | MCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.47% | -62.95% | +29.48% |
Max Drawdown (1Y)Largest decline over 1 year | -16.21% | -17.17% | +0.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.95% | — |
Current DrawdownCurrent decline from peak | -14.35% | -36.61% | +22.26% |
Average DrawdownAverage peak-to-trough decline | -13.93% | -24.41% | +10.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.59% | 6.63% | -0.04% |
Volatility
H4Z6.DE vs. MCHI - Volatility Comparison
HSBC MSCI China UCITS ETF USD (Acc) (H4Z6.DE) and iShares MSCI China ETF (MCHI) have volatilities of 6.12% and 6.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H4Z6.DE | MCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.12% | 6.43% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 13.41% | 14.72% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.49% | 24.08% | -2.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.47% | 29.28% | -3.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.47% | 26.72% | -1.25% |