H4ZJ.DE vs. IQQI.DE
H4ZJ.DE (HSBC MSCI World UCITS ETF USD) and IQQI.DE (iShares Global Infrastructure UCITS ETF) are both Global Equities funds - H4ZJ.DE tracks the MSCI World while IQQI.DE tracks the FTSE Global Core Infrastructure Index. Both are passively managed. Over the past 10 years, H4ZJ.DE returned 12.53%/yr vs 6.79%/yr for IQQI.DE. A 0.62 correlation means they provide meaningful diversification when combined. H4ZJ.DE charges 0.15%/yr vs 0.65%/yr for IQQI.DE.
Performance
H4ZJ.DE vs. IQQI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4ZJ.DE achieves a 12.98% return, which is significantly lower than IQQI.DE's 15.99% return. Over the past 10 years, H4ZJ.DE has outperformed IQQI.DE with an annualized return of 12.53%, while IQQI.DE has yielded a comparatively lower 6.79% annualized return.
H4ZJ.DE
- 1D
- 0.16%
- 1M
- 1.59%
- 6M
- 10.74%
- YTD
- 12.98%
- 1Y
- 23.82%
- 3Y*
- 18.08%
- 5Y*
- 12.21%
- 10Y*
- 12.53%
IQQI.DE
- 1D
- -0.37%
- 1M
- 3.32%
- 6M
- 14.70%
- YTD
- 15.99%
- 1Y
- 20.05%
- 3Y*
- 11.12%
- 5Y*
- 7.31%
- 10Y*
- 6.79%
H4ZJ.DE vs. IQQI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
H4ZJ.DE HSBC MSCI World UCITS ETF USD | 12.98% | 7.95% | 25.68% | 20.11% | -13.93% | 32.79% | 5.51% | 30.99% | -4.99% | 7.69% |
IQQI.DE iShares Global Infrastructure UCITS ETF | 15.99% | 0.56% | 14.53% | -3.18% | -0.38% | 26.94% | -10.82% | 27.73% | 2.23% | 0.70% |
Correlation
The correlation between H4ZJ.DE and IQQI.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2013 | 0.62 |
Over the past year, the correlation between H4ZJ.DE and IQQI.DE has dropped to 0.14 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
H4ZJ.DE vs. IQQI.DE — Risk / Return Rank
H4ZJ.DE
IQQI.DE
H4ZJ.DE vs. IQQI.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 Global Infrastructure UCITS ETF (IQQI.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| H4ZJ.DE | IQQI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.32 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.81 | 4.15 | -0.35 |
| Martin ratioReturn relative to average drawdown | 15.44 | 10.37 | +5.07 |
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Drawdowns
H4ZJ.DE vs. IQQI.DE - Drawdown Comparison
The maximum H4ZJ.DE drawdown since its inception was -33.63%, smaller than the maximum IQQI.DE drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for H4ZJ.DE and IQQI.DE.
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Drawdown Indicators
| H4ZJ.DE | IQQI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -42.24% | +8.61% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -4.81% | -1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -21.64% | -14.75% | -6.89% |
Max Drawdown (5Y)Largest decline over 5 years | -21.64% | -24.82% | +3.18% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -34.16% | +0.53% |
Current DrawdownCurrent decline from peak | -0.07% | -0.37% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -4.44% | -11.08% | +6.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.93% | -0.39% |
Volatility
H4ZJ.DE vs. IQQI.DE - Volatility Comparison
The current volatility for HSBC MSCI World UCITS ETF USD (H4ZJ.DE) is 2.46%, while iShares Global Infrastructure UCITS ETF (IQQI.DE) has a volatility of 2.65%. This indicates that H4ZJ.DE experiences smaller price fluctuations and is considered to be less risky than IQQI.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 | IQQI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.46% | 2.65% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.97% | 8.63% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.34% | 10.84% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.16% | 12.76% | +1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.97% | 14.25% | +0.72% |
H4ZJ.DE vs. IQQI.DE - Expense Ratio Comparison
H4ZJ.DE has a 0.15% expense ratio, which is lower than IQQI.DE's 0.65% expense ratio.
Dividends
H4ZJ.DE vs. IQQI.DE - Dividend Comparison
H4ZJ.DE's dividend yield for the trailing twelve months is around 1.14%, less than IQQI.DE's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H4ZJ.DE HSBC MSCI World UCITS ETF USD | 1.14% | 1.25% | 1.20% | 1.38% | 1.58% | 1.07% | 1.36% | 1.64% | 1.86% | 1.67% | 1.65% | 1.63% |
IQQI.DE iShares Global Infrastructure UCITS ETF | 1.99% | 2.30% | 2.29% | 2.42% | 2.13% | 1.85% | 2.25% | 2.05% | 2.30% | 2.76% | 2.63% | 3.15% |
Frequently Asked Questions
H4ZJ.DE and IQQI.DE have a correlation of 0.14, 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 0.65% for IQQI.DE.
H4ZJ.DE tracks MSCI World, while IQQI.DE tracks FTSE Global Core Infrastructure Index. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.15% for H4ZJ.DE and 0.65% for IQQI.DE.
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