H4ZF.DE vs. H4ZJ.DE
H4ZF.DE (HSBC S&P 500 UCITS ETF USD) and H4ZJ.DE (HSBC MSCI World UCITS ETF USD) are both exchange-traded funds - H4ZF.DE is a S&P 500 fund tracking the S&P 500 Index, while H4ZJ.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 10 years, H4ZF.DE returned 15.80%/yr vs 14.71%/yr for H4ZJ.DE. Their correlation of 0.94 suggests significant overlap in exposure. H4ZF.DE charges 0.09%/yr vs 0.15%/yr for H4ZJ.DE.
Performance
H4ZF.DE vs. H4ZJ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with H4ZF.DE having a 11.35% return and H4ZJ.DE slightly lower at 10.86%. Over the past 10 years, H4ZF.DE has outperformed H4ZJ.DE with an annualized return of 15.80%, while H4ZJ.DE has yielded a comparatively lower 14.71% annualized return.
H4ZF.DE
- 1D
- -0.12%
- 1M
- 4.35%
- YTD
- 11.35%
- 6M
- 10.84%
- 1Y
- 25.55%
- 3Y*
- 18.88%
- 5Y*
- 14.74%
- 10Y*
- 15.80%
H4ZJ.DE
- 1D
- -0.34%
- 1M
- 3.69%
- YTD
- 10.86%
- 6M
- 10.96%
- 1Y
- 23.81%
- 3Y*
- 18.46%
- 5Y*
- 13.87%
- 10Y*
- 14.71%
H4ZF.DE vs. H4ZJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
H4ZF.DE HSBC S&P 500 UCITS ETF USD | 11.35% | 4.74% | 32.24% | 22.66% | -14.40% | 40.68% | 7.94% | 36.99% | 0.78% | 8.65% |
H4ZJ.DE HSBC MSCI World UCITS ETF USD | 10.86% | 8.00% | 26.94% | 22.28% | -13.11% | 35.34% | 7.78% | 34.57% | -2.46% | 9.87% |
Correlation
The correlation between H4ZF.DE and H4ZJ.DE is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2013 | 0.94 |
The correlation between H4ZF.DE and H4ZJ.DE has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
H4ZF.DE vs. H4ZJ.DE — Risk / Return Rank
H4ZF.DE
H4ZJ.DE
H4ZF.DE vs. H4ZJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC S&P 500 UCITS ETF USD (H4ZF.DE) and HSBC MSCI World UCITS ETF USD (H4ZJ.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.
| H4ZF.DE | H4ZJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.40 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 3.61 | -0.05 |
| Martin ratioReturn relative to average drawdown | 12.69 | 14.41 | -1.72 |
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
| H4ZF.DE | H4ZJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 2.13 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.97 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | 0.97 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.93 | +0.10 |
Drawdowns
H4ZF.DE vs. H4ZJ.DE - Drawdown Comparison
The maximum H4ZF.DE drawdown since its inception was -33.82%, roughly equal to the maximum H4ZJ.DE drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for H4ZF.DE and H4ZJ.DE.
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Drawdown Indicators
| H4ZF.DE | H4ZJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.82% | -33.60% | -0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -6.59% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -23.32% | -21.65% | -1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -23.32% | -21.65% | -1.67% |
Max Drawdown (10Y)Largest decline over 10 years | -33.82% | -33.60% | -0.22% |
Current DrawdownCurrent decline from peak | -0.44% | -0.34% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -4.02% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.66% | +0.35% |
Volatility
H4ZF.DE vs. H4ZJ.DE - Volatility Comparison
HSBC S&P 500 UCITS ETF USD (H4ZF.DE) and HSBC MSCI World UCITS ETF USD (H4ZJ.DE) have volatilities of 2.68% and 2.77%, 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
| H4ZF.DE | H4ZJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 2.77% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 7.59% | 7.73% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.61% | 11.24% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.20% | 14.14% | +1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 15.05% | +1.07% |
H4ZF.DE vs. H4ZJ.DE - Expense Ratio Comparison
H4ZF.DE has a 0.09% expense ratio, which is lower than H4ZJ.DE's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
H4ZF.DE vs. H4ZJ.DE - Dividend Comparison
H4ZF.DE's dividend yield for the trailing twelve months is around 0.82%, less than H4ZJ.DE's 1.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H4ZF.DE HSBC S&P 500 UCITS ETF USD | 0.82% | 0.95% | 0.96% | 1.19% | 1.32% | 0.91% | 2.24% | 2.98% | 3.49% | 3.23% | 3.29% | 4.21% |
H4ZJ.DE HSBC MSCI World UCITS ETF USD | 1.16% | 1.28% | 2.06% | 3.02% | 2.65% | 2.73% | 3.30% | 4.02% | 4.71% | 3.58% | 4.02% | 3.46% |
Frequently Asked Questions
With a correlation of 0.97, H4ZF.DE and H4ZJ.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, H4ZF.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZF.DE is cheaper with a 0.09% expense ratio, compared with 0.15% for H4ZJ.DE.
H4ZF.DE is categorized as S&P 500, while H4ZJ.DE is Global Equities. H4ZF.DE tracks S&P 500 Index, while H4ZJ.DE tracks MSCI World. Their fees differ too: 0.09% for H4ZF.DE and 0.15% for H4ZJ.DE.
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