H4ZJ.DE vs. CG1.L
H4ZJ.DE (HSBC MSCI World UCITS ETF USD) and CG1.L (Amundi ETF DAX UCITS ETF DR) are both exchange-traded funds - H4ZJ.DE is a Global Equities fund tracking the MSCI World, while CG1.L is a Europe Equities fund tracking the FSE DAX TR EUR. Both are passively managed. Over the past 10 years, H4ZJ.DE returned 14.71%/yr vs 8.90%/yr for CG1.L. A 0.69 correlation means they provide meaningful diversification when combined. H4ZJ.DE charges 0.15%/yr vs 0.10%/yr for CG1.L.
Performance
H4ZJ.DE vs. CG1.L - Performance Comparison
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Different Trading Currencies
H4ZJ.DE is traded in EUR, while CG1.L is traded in GBp. To make them comparable, the CG1.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, H4ZJ.DE achieves a 10.86% return, which is significantly higher than CG1.L's 1.40% return. Over the past 10 years, H4ZJ.DE has outperformed CG1.L with an annualized return of 14.71%, while CG1.L has yielded a comparatively lower 8.90% annualized return.
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%
CG1.L
- 1D
- 0.46%
- 1M
- 2.05%
- YTD
- 1.40%
- 6M
- 4.07%
- 1Y
- 2.29%
- 3Y*
- 15.43%
- 5Y*
- 9.13%
- 10Y*
- 8.90%
H4ZJ.DE vs. CG1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
CG1.L Amundi ETF DAX UCITS ETF DR | 1.41% | 21.77% | 18.63% | 19.55% | -12.37% | 15.02% | 3.39% | 24.19% | -18.06% | 12.01% |
Correlation
The correlation between H4ZJ.DE and CG1.L is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2013 | 0.69 |
The correlation between H4ZJ.DE and CG1.L has been stable across timeframes, ranging from 0.63 to 0.70 - a consistent structural relationship.
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Return for Risk
H4ZJ.DE vs. CG1.L — Risk / Return Rank
H4ZJ.DE
CG1.L
H4ZJ.DE vs. CG1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI World UCITS ETF USD (H4ZJ.DE) and Amundi ETF DAX UCITS ETF DR (CG1.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.
| H4ZJ.DE | CG1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.98 | ||
| Sortino ratioReturn per unit of downside risk | +2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.04 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 0.18 | +3.43 |
| Martin ratioReturn relative to average drawdown | 14.41 | 0.58 | +13.83 |
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
| H4ZJ.DE | CG1.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 0.15 | +1.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.53 | +0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | 0.48 | +0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.44 | +0.49 |
Drawdowns
H4ZJ.DE vs. CG1.L - Drawdown Comparison
The maximum H4ZJ.DE drawdown since its inception was -33.60%, smaller than the maximum CG1.L drawdown of -39.31%. Use the drawdown chart below to compare losses from any high point for H4ZJ.DE and CG1.L.
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Drawdown Indicators
| H4ZJ.DE | CG1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.60% | -39.31% | +5.71% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -12.38% | +5.79% |
Max Drawdown (3Y)Largest decline over 3 years | -21.65% | -15.67% | -5.98% |
Max Drawdown (5Y)Largest decline over 5 years | -21.65% | -26.74% | +5.09% |
Max Drawdown (10Y)Largest decline over 10 years | -33.60% | -39.31% | +5.71% |
Current DrawdownCurrent decline from peak | -0.34% | -2.33% | +1.99% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -7.52% | +3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 3.94% | -2.28% |
Volatility
H4ZJ.DE vs. CG1.L - Volatility Comparison
The current volatility for HSBC MSCI World UCITS ETF USD (H4ZJ.DE) is 2.77%, while Amundi ETF DAX UCITS ETF DR (CG1.L) has a volatility of 4.92%. This indicates that H4ZJ.DE experiences smaller price fluctuations and is considered to be less risky than CG1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H4ZJ.DE | CG1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 4.92% | -2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 12.49% | -4.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.24% | 15.66% | -4.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 17.15% | -3.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.05% | 18.45% | -3.40% |
H4ZJ.DE vs. CG1.L - Expense Ratio Comparison
H4ZJ.DE has a 0.15% expense ratio, which is higher than CG1.L's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
H4ZJ.DE vs. CG1.L - Dividend Comparison
H4ZJ.DE's dividend yield for the trailing twelve months is around 1.16%, while CG1.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CG1.L Amundi ETF DAX UCITS ETF DR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
H4ZJ.DE and CG1.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CG1.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CG1.L is cheaper with a 0.10% expense ratio, compared with 0.15% for H4ZJ.DE.
H4ZJ.DE is categorized as Global Equities, while CG1.L is Europe Equities. H4ZJ.DE tracks MSCI World, while CG1.L tracks FSE DAX TR EUR. They also come from different issuers: HSBC and Amundi. Their fees differ too: 0.15% for H4ZJ.DE and 0.10% for CG1.L.
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