H4ZJ.DE vs. H410.DE
H4ZJ.DE (HSBC MSCI World UCITS ETF USD) and H410.DE (HSBC MSCI Emerging Markets UCITS ETF USD) are both exchange-traded funds - H4ZJ.DE is a Global Equities fund tracking the MSCI World, while H410.DE is a Asia Pacific Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, H4ZJ.DE returned 14.71%/yr vs 9.77%/yr for H410.DE. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
H4ZJ.DE vs. H410.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 lower than H410.DE's 27.49% return. Over the past 10 years, H4ZJ.DE has outperformed H410.DE with an annualized return of 14.71%, while H410.DE has yielded a comparatively lower 9.77% 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%
H410.DE
- 1D
- -1.81%
- 1M
- 3.71%
- YTD
- 27.49%
- 6M
- 27.95%
- 1Y
- 49.05%
- 3Y*
- 20.39%
- 5Y*
- 8.17%
- 10Y*
- 9.77%
H4ZJ.DE vs. H410.DE - 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% |
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD | 27.49% | 18.61% | 13.89% | 4.66% | -13.80% | 3.98% | 7.04% | 21.02% | -11.31% | 21.15% |
Correlation
The correlation between H4ZJ.DE and H410.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2013 | 0.68 |
The correlation between H4ZJ.DE and H410.DE has been stable across timeframes, ranging from 0.62 to 0.71 - a consistent structural relationship.
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Return for Risk
H4ZJ.DE vs. H410.DE — Risk / Return Rank
H4ZJ.DE
H410.DE
H4ZJ.DE vs. H410.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 HSBC MSCI Emerging Markets UCITS ETF USD (H410.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 | H410.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.51 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 4.75 | -1.14 |
| Martin ratioReturn relative to average drawdown | 14.41 | 17.19 | -2.78 |
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 | H410.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 2.82 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.49 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | 0.53 | +0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.41 | +0.52 |
Drawdowns
H4ZJ.DE vs. H410.DE - Drawdown Comparison
The maximum H4ZJ.DE drawdown since its inception was -33.60%, smaller than the maximum H410.DE drawdown of -36.25%. Use the drawdown chart below to compare losses from any high point for H4ZJ.DE and H410.DE.
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Drawdown Indicators
| H4ZJ.DE | H410.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.60% | -36.25% | +2.65% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -10.48% | +3.89% |
Max Drawdown (3Y)Largest decline over 3 years | -21.65% | -18.96% | -2.69% |
Max Drawdown (5Y)Largest decline over 5 years | -21.65% | -23.76% | +2.11% |
Max Drawdown (10Y)Largest decline over 10 years | -33.60% | -31.68% | -1.92% |
Current DrawdownCurrent decline from peak | -0.34% | -2.80% | +2.46% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -10.25% | +6.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 2.90% | -1.24% |
Volatility
H4ZJ.DE vs. H410.DE - Volatility Comparison
The current volatility for HSBC MSCI World UCITS ETF USD (H4ZJ.DE) is 2.77%, while HSBC MSCI Emerging Markets UCITS ETF USD (H410.DE) has a volatility of 7.30%. This indicates that H4ZJ.DE experiences smaller price fluctuations and is considered to be less risky than H410.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 | H410.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 7.30% | -4.53% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 14.96% | -7.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.24% | 17.70% | -6.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 16.64% | -2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.05% | 18.17% | -3.12% |
H4ZJ.DE vs. H410.DE - Expense Ratio Comparison
Both H4ZJ.DE and H410.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
H4ZJ.DE vs. H410.DE - Dividend Comparison
H4ZJ.DE's dividend yield for the trailing twelve months is around 1.16%, less than H410.DE's 1.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD | 1.60% | 2.00% | 2.40% | 2.58% | 3.11% | 2.00% | 1.69% | 2.03% | 2.20% | 1.62% | 1.71% | 2.28% |
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 H410.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZJ.DE and H410.DE have the same expense ratio: 0.15% per year.
H4ZJ.DE is categorized as Global Equities, while H410.DE is Asia Pacific Equities. H4ZJ.DE tracks MSCI World, while H410.DE tracks MSCI Emerging Markets.
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