H4ZJ.DE vs. IQQ0.DE
H4ZJ.DE (HSBC MSCI World UCITS ETF USD) and IQQ0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc)) are both Global Equities funds - H4ZJ.DE tracks the MSCI World while IQQ0.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 10 years, H4ZJ.DE returned 14.71%/yr vs 6.81%/yr for IQQ0.DE. A 0.76 correlation means they provide meaningful diversification when combined. H4ZJ.DE charges 0.15%/yr vs 0.30%/yr for IQQ0.DE.
Performance
H4ZJ.DE vs. IQQ0.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 IQQ0.DE's 1.59% return. Over the past 10 years, H4ZJ.DE has outperformed IQQ0.DE with an annualized return of 14.71%, while IQQ0.DE has yielded a comparatively lower 6.81% 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%
IQQ0.DE
- 1D
- -0.02%
- 1M
- 1.81%
- YTD
- 1.59%
- 6M
- 1.63%
- 1Y
- 0.25%
- 3Y*
- 6.35%
- 5Y*
- 6.14%
- 10Y*
- 6.81%
H4ZJ.DE vs. IQQ0.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% |
IQQ0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) | 1.59% | -1.26% | 17.64% | 3.73% | -4.34% | 24.26% | -6.77% | 26.17% | 2.03% | 3.11% |
Correlation
The correlation between H4ZJ.DE and IQQ0.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2013 | 0.76 |
Over the past year, the correlation between H4ZJ.DE and IQQ0.DE has dropped to 0.36 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
H4ZJ.DE vs. IQQ0.DE — Risk / Return Rank
H4ZJ.DE
IQQ0.DE
H4ZJ.DE vs. IQQ0.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 iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.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 | IQQ0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.17 | ||
| Sortino ratioReturn per unit of downside risk | +2.96 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.00 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | -0.05 | +3.67 |
| Martin ratioReturn relative to average drawdown | 14.41 | -0.12 | +14.52 |
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
| H4ZJ.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | -0.04 | +2.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.60 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | 0.58 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.76 | +0.17 |
Drawdowns
H4ZJ.DE vs. IQQ0.DE - Drawdown Comparison
The maximum H4ZJ.DE drawdown since its inception was -33.60%, which is greater than IQQ0.DE's maximum drawdown of -28.65%. Use the drawdown chart below to compare losses from any high point for H4ZJ.DE and IQQ0.DE.
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Drawdown Indicators
| H4ZJ.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.60% | -28.65% | -4.95% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -5.22% | -1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -21.65% | -12.82% | -8.83% |
Max Drawdown (5Y)Largest decline over 5 years | -21.65% | -12.82% | -8.83% |
Max Drawdown (10Y)Largest decline over 10 years | -33.60% | -28.65% | -4.95% |
Current DrawdownCurrent decline from peak | -0.34% | -6.65% | +6.31% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -4.54% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 2.44% | -0.78% |
Volatility
H4ZJ.DE vs. IQQ0.DE - Volatility Comparison
HSBC MSCI World UCITS ETF USD (H4ZJ.DE) has a higher volatility of 2.77% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.DE) at 2.53%. This indicates that H4ZJ.DE's price experiences larger fluctuations and is considered to be riskier than IQQ0.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 | IQQ0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 2.53% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 5.36% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.24% | 7.78% | +3.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 10.08% | +4.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.05% | 11.62% | +3.43% |
H4ZJ.DE vs. IQQ0.DE - Expense Ratio Comparison
H4ZJ.DE has a 0.15% expense ratio, which is lower than IQQ0.DE's 0.30% expense ratio.
Dividends
H4ZJ.DE vs. IQQ0.DE - Dividend Comparison
H4ZJ.DE's dividend yield for the trailing twelve months is around 1.16%, while IQQ0.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IQQ0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
H4ZJ.DE and IQQ0.DE have a correlation of 0.36, 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 0.30% for IQQ0.DE.
H4ZJ.DE tracks MSCI World, while IQQ0.DE tracks MSCI World Minimum Volatility. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.15% for H4ZJ.DE and 0.30% for IQQ0.DE.
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