H4ZF.DE vs. HWWA.L
Compare and contrast key facts about HSBC S&P 500 UCITS ETF USD (H4ZF.DE) and HSBC Multi Factor Worldwide Equity UCITS ETF (HWWA.L).
H4ZF.DE and HWWA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. H4ZF.DE is a passively managed fund by HSBC that tracks the performance of the S&P 500 Index. It was launched on May 14, 2010. HWWA.L is a passively managed fund by HSBC that tracks the performance of the MSCI ACWI NR USD. It was launched on Jul 4, 2014. Both H4ZF.DE and HWWA.L 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
H4ZF.DE vs. HWWA.L - Performance Comparison
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H4ZF.DE vs. HWWA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
H4ZF.DE HSBC S&P 500 UCITS ETF USD | -2.86% | 4.74% | 32.24% | 22.66% | -14.40% | 40.68% | 7.94% | 36.99% | 0.78% | 8.65% |
HWWA.L HSBC Multi Factor Worldwide Equity UCITS ETF | 1.24% | 10.65% | 23.52% | 18.16% | -12.58% | 29.62% | 5.00% | 26.11% | -6.71% | 8.44% |
Different Trading Currencies
H4ZF.DE is traded in EUR, while HWWA.L is traded in GBP. To make them comparable, the HWWA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, H4ZF.DE achieves a -2.86% return, which is significantly lower than HWWA.L's 1.24% return. Over the past 10 years, H4ZF.DE has outperformed HWWA.L with an annualized return of 14.50%, while HWWA.L has yielded a comparatively lower 11.19% annualized return.
H4ZF.DE
- 1D
- 0.21%
- 1M
- -2.52%
- YTD
- -2.86%
- 6M
- -0.19%
- 1Y
- 10.36%
- 3Y*
- 16.02%
- 5Y*
- 12.11%
- 10Y*
- 14.50%
HWWA.L
- 1D
- -0.02%
- 1M
- -1.82%
- YTD
- 1.24%
- 6M
- 5.97%
- 1Y
- 16.30%
- 3Y*
- 15.79%
- 5Y*
- 10.67%
- 10Y*
- 11.19%
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H4ZF.DE vs. HWWA.L - Expense Ratio Comparison
H4ZF.DE has a 0.09% expense ratio, which is lower than HWWA.L's 0.25% 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%.
Return for Risk
H4ZF.DE vs. HWWA.L — Risk / Return Rank
H4ZF.DE
HWWA.L
H4ZF.DE vs. HWWA.L - 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 Multi Factor Worldwide Equity UCITS ETF (HWWA.L). 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 | HWWA.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.60 | 1.08 | -0.48 |
Sortino ratioReturn per unit of downside risk | 0.91 | 1.46 | -0.55 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.23 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.33 | 3.60 | -1.27 |
Martin ratioReturn relative to average drawdown | 7.93 | 14.45 | -6.52 |
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 | HWWA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 1.08 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.79 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.74 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.66 | +0.31 |
Correlation
The correlation between H4ZF.DE and HWWA.L is 0.85, 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
H4ZF.DE vs. HWWA.L - Dividend Comparison
H4ZF.DE's dividend yield for the trailing twelve months is around 0.94%, less than HWWA.L's 1.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H4ZF.DE HSBC S&P 500 UCITS ETF USD | 0.94% | 0.95% | 0.96% | 1.19% | 1.32% | 0.91% | 2.24% | 2.98% | 3.49% | 3.23% | 3.29% | 4.21% |
HWWA.L HSBC Multi Factor Worldwide Equity UCITS ETF | 1.42% | 1.43% | 1.58% | 1.95% | 2.07% | 1.48% | 1.45% | 2.07% | 2.10% | 1.86% | 1.71% | 1.97% |
Drawdowns
H4ZF.DE vs. HWWA.L - Drawdown Comparison
The maximum H4ZF.DE drawdown since its inception was -33.82%, roughly equal to the maximum HWWA.L drawdown of -32.64%. Use the drawdown chart below to compare losses from any high point for H4ZF.DE and HWWA.L.
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Drawdown Indicators
| H4ZF.DE | HWWA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.82% | -25.12% | -8.70% |
Max Drawdown (1Y)Largest decline over 1 year | -8.45% | -6.74% | -1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -23.32% | -16.79% | -6.53% |
Max Drawdown (10Y)Largest decline over 10 years | -33.82% | -25.12% | -8.70% |
Current DrawdownCurrent decline from peak | -5.04% | -3.67% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -3.96% | -3.57% | -0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 1.62% | +0.49% |
Volatility
H4ZF.DE vs. HWWA.L - Volatility Comparison
The current volatility for HSBC S&P 500 UCITS ETF USD (H4ZF.DE) is 3.64%, while HSBC Multi Factor Worldwide Equity UCITS ETF (HWWA.L) has a volatility of 4.53%. This indicates that H4ZF.DE experiences smaller price fluctuations and is considered to be less risky than HWWA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H4ZF.DE | HWWA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.64% | 4.53% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 8.18% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.16% | 15.03% | +2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.23% | 13.53% | +1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 15.00% | +1.16% |