H4ZJ.DE vs. CSY9.DE
H4ZJ.DE (HSBC MSCI World UCITS ETF USD) and CSY9.DE (CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD) are both Global Equities funds - H4ZJ.DE tracks the MSCI World while CSY9.DE tracks the MSCI World ESG Leaders Minimum Volatility. Both are passively managed. Over the past 5 years, H4ZJ.DE returned 13.87%/yr vs 6.22%/yr for CSY9.DE. A 0.71 correlation means they provide meaningful diversification when combined. H4ZJ.DE charges 0.15%/yr vs 0.25%/yr for CSY9.DE.
Performance
H4ZJ.DE vs. CSY9.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4ZJ.DE achieves a 10.86% return, which is significantly higher than CSY9.DE's 3.19% 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%
CSY9.DE
- 1D
- 0.16%
- 1M
- 2.71%
- YTD
- 3.19%
- 6M
- 3.19%
- 1Y
- 3.39%
- 3Y*
- 6.65%
- 5Y*
- 6.22%
- 10Y*
- —
H4ZJ.DE vs. CSY9.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
H4ZJ.DE HSBC MSCI World UCITS ETF USD | 10.86% | 8.00% | 26.94% | 22.28% | -13.11% | 35.34% | 13.31% |
CSY9.DE CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD | 3.19% | -0.67% | 16.05% | 5.76% | -5.25% | 23.30% | 2.67% |
Correlation
The correlation between H4ZJ.DE and CSY9.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2020 | 0.71 |
The correlation between H4ZJ.DE and CSY9.DE shifts across timeframes, from 0.54 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
H4ZJ.DE vs. CSY9.DE — Risk / Return Rank
H4ZJ.DE
CSY9.DE
H4ZJ.DE vs. CSY9.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI World UCITS ETF USD (H4ZJ.DE) and CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD (CSY9.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.
| H4ZJ.DE | CSY9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.75 | ||
| Sortino ratioReturn per unit of downside risk | +2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.07 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 0.69 | +2.92 |
| Martin ratioReturn relative to average drawdown | 14.41 | 1.54 | +12.87 |
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 | CSY9.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 0.38 | +1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.51 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.61 | +0.32 |
Drawdowns
H4ZJ.DE vs. CSY9.DE - Drawdown Comparison
The maximum H4ZJ.DE drawdown since its inception was -33.60%, which is greater than CSY9.DE's maximum drawdown of -13.92%. Use the drawdown chart below to compare losses from any high point for H4ZJ.DE and CSY9.DE.
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Drawdown Indicators
| H4ZJ.DE | CSY9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.60% | -13.92% | -19.68% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -4.48% | -2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -21.65% | -13.92% | -7.73% |
Max Drawdown (5Y)Largest decline over 5 years | -21.65% | -13.92% | -7.73% |
Max Drawdown (10Y)Largest decline over 10 years | -33.60% | — | — |
Current DrawdownCurrent decline from peak | -0.34% | -2.72% | +2.38% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -3.70% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 2.00% | -0.34% |
Volatility
H4ZJ.DE vs. CSY9.DE - Volatility Comparison
HSBC MSCI World UCITS ETF USD (H4ZJ.DE) has a higher volatility of 2.77% compared to CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD (CSY9.DE) at 2.09%. This indicates that H4ZJ.DE's price experiences larger fluctuations and is considered to be riskier than CSY9.DE 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 | CSY9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 2.09% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 5.48% | +2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.24% | 8.07% | +3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 12.03% | +2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.05% | 11.91% | +3.14% |
H4ZJ.DE vs. CSY9.DE - Expense Ratio Comparison
H4ZJ.DE has a 0.15% expense ratio, which is lower than CSY9.DE'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%.
Dividends
H4ZJ.DE vs. CSY9.DE - Dividend Comparison
H4ZJ.DE's dividend yield for the trailing twelve months is around 1.16%, while CSY9.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSY9.DE CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD | 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 CSY9.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4ZJ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZJ.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for CSY9.DE.
H4ZJ.DE tracks MSCI World, while CSY9.DE tracks MSCI World ESG Leaders Minimum Volatility. They also come from different issuers: HSBC and Credit Suisse. Their fees differ too: 0.15% for H4ZJ.DE and 0.25% for CSY9.DE.
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