H4ZJ.DE vs. H4ZF.DE
H4ZJ.DE (HSBC MSCI World UCITS ETF USD) and H4ZF.DE (HSBC S&P 500 UCITS ETF USD) are both exchange-traded funds - H4ZJ.DE is a Global Equities fund tracking the MSCI World, while H4ZF.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, H4ZJ.DE returned 14.71%/yr vs 15.80%/yr for H4ZF.DE. Their correlation of 0.94 suggests significant overlap in exposure. H4ZJ.DE charges 0.15%/yr vs 0.09%/yr for H4ZF.DE.
Performance
H4ZJ.DE vs. H4ZF.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with H4ZJ.DE having a 10.86% return and H4ZF.DE slightly higher at 11.35%. Over the past 10 years, H4ZJ.DE has underperformed H4ZF.DE with an annualized return of 14.71%, while H4ZF.DE has yielded a comparatively higher 15.80% 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%
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 vs. H4ZF.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% |
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% |
Correlation
The correlation between H4ZJ.DE and H4ZF.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 H4ZJ.DE and H4ZF.DE has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
H4ZJ.DE vs. H4ZF.DE — Risk / Return Rank
H4ZJ.DE
H4ZF.DE
H4ZJ.DE vs. H4ZF.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 S&P 500 UCITS ETF USD (H4ZF.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 | H4ZF.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 | 1.40 | 1.41 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 3.56 | +0.05 |
| Martin ratioReturn relative to average drawdown | 14.41 | 12.69 | +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
| H4ZJ.DE | H4ZF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 2.20 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.96 | +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 | 0.93 | 1.03 | -0.10 |
Drawdowns
H4ZJ.DE vs. H4ZF.DE - Drawdown Comparison
The maximum H4ZJ.DE drawdown since its inception was -33.60%, roughly equal to the maximum H4ZF.DE drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for H4ZJ.DE and H4ZF.DE.
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Drawdown Indicators
| H4ZJ.DE | H4ZF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.60% | -33.82% | +0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -7.16% | +0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -21.65% | -23.32% | +1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -21.65% | -23.32% | +1.67% |
Max Drawdown (10Y)Largest decline over 10 years | -33.60% | -33.82% | +0.22% |
Current DrawdownCurrent decline from peak | -0.34% | -0.44% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -3.93% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 2.01% | -0.35% |
Volatility
H4ZJ.DE vs. H4ZF.DE - Volatility Comparison
HSBC MSCI World UCITS ETF USD (H4ZJ.DE) and HSBC S&P 500 UCITS ETF USD (H4ZF.DE) have volatilities of 2.77% and 2.68%, 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
| H4ZJ.DE | H4ZF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 2.68% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 7.59% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.24% | 11.61% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 15.20% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.05% | 16.12% | -1.07% |
H4ZJ.DE vs. H4ZF.DE - Expense Ratio Comparison
H4ZJ.DE has a 0.15% expense ratio, which is higher than H4ZF.DE's 0.09% 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. H4ZF.DE - Dividend Comparison
H4ZJ.DE's dividend yield for the trailing twelve months is around 1.16%, more than H4ZF.DE's 0.82% 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, H4ZJ.DE and H4ZF.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.
H4ZJ.DE is categorized as Global Equities, while H4ZF.DE is S&P 500. H4ZJ.DE tracks MSCI World, while H4ZF.DE tracks S&P 500 Index. Their fees differ too: 0.15% for H4ZJ.DE and 0.09% for H4ZF.DE.
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