H4ZJ.DE vs. MWOL.DE
H4ZJ.DE (HSBC MSCI World UCITS ETF USD) and MWOL.DE (Amundi Prime Global UCITS ETF Dist) are both Global Equities funds - H4ZJ.DE tracks the MSCI World while MWOL.DE tracks the Solactive GBS Developed Markets Large & Mid Cap USD Index Net TR. Both are passively managed. Over the past 5 years, H4ZJ.DE returned 13.87%/yr vs 11.86%/yr for MWOL.DE. With a 0.96 correlation, they move nearly in lockstep. H4ZJ.DE charges 0.15%/yr vs 0.05%/yr for MWOL.DE.
Performance
H4ZJ.DE vs. MWOL.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 MWOL.DE slightly higher at 10.87%.
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%
MWOL.DE
- 1D
- -0.04%
- 1M
- 3.68%
- YTD
- 10.87%
- 6M
- 10.90%
- 1Y
- 24.08%
- 3Y*
- 17.01%
- 5Y*
- 11.86%
- 10Y*
- —
H4ZJ.DE vs. MWOL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
H4ZJ.DE HSBC MSCI World UCITS ETF USD | 10.86% | 8.00% | 26.94% | 22.28% | -13.11% | 35.34% | 7.78% | 18.76% |
MWOL.DE Amundi Prime Global UCITS ETF Dist | 10.87% | 8.53% | 25.60% | 18.54% | -15.49% | 30.82% | 3.73% | 15.10% |
Correlation
The correlation between H4ZJ.DE and MWOL.DE is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2019 | 0.96 |
The correlation between H4ZJ.DE and MWOL.DE has been stable across timeframes, ranging from 0.96 to 0.99 - a consistent structural relationship.
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Return for Risk
H4ZJ.DE vs. MWOL.DE — Risk / Return Rank
H4ZJ.DE
MWOL.DE
H4ZJ.DE vs. MWOL.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 Amundi Prime Global UCITS ETF Dist (MWOL.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 | MWOL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.40 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 3.67 | -0.06 |
| Martin ratioReturn relative to average drawdown | 14.41 | 14.63 | -0.22 |
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 | MWOL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 2.17 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.83 | +0.14 |
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 | 0.77 | +0.16 |
Drawdowns
H4ZJ.DE vs. MWOL.DE - Drawdown Comparison
The maximum H4ZJ.DE drawdown since its inception was -33.60%, roughly equal to the maximum MWOL.DE drawdown of -33.56%. Use the drawdown chart below to compare losses from any high point for H4ZJ.DE and MWOL.DE.
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Drawdown Indicators
| H4ZJ.DE | MWOL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.60% | -33.56% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -6.58% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -21.65% | -21.64% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -21.65% | -21.64% | -0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -33.60% | — | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.37% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -4.89% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 1.65% | +0.01% |
Volatility
H4ZJ.DE vs. MWOL.DE - Volatility Comparison
HSBC MSCI World UCITS ETF USD (H4ZJ.DE) has a higher volatility of 2.77% compared to Amundi Prime Global UCITS ETF Dist (MWOL.DE) at 2.63%. This indicates that H4ZJ.DE's price experiences larger fluctuations and is considered to be riskier than MWOL.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 | MWOL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 2.63% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 7.71% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.24% | 11.12% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 14.20% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.05% | 16.46% | -1.41% |
H4ZJ.DE vs. MWOL.DE - Expense Ratio Comparison
H4ZJ.DE has a 0.15% expense ratio, which is higher than MWOL.DE's 0.05% 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. MWOL.DE - Dividend Comparison
H4ZJ.DE's dividend yield for the trailing twelve months is around 1.16%, less than MWOL.DE's 1.19% yield.
| 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% |
MWOL.DE Amundi Prime Global UCITS ETF Dist | 1.19% | 1.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, H4ZJ.DE and MWOL.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, MWOL.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MWOL.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for H4ZJ.DE.
H4ZJ.DE tracks MSCI World, while MWOL.DE tracks Solactive GBS Developed Markets Large & Mid Cap USD Index Net TR. They also come from different issuers: HSBC and Amundi. Their fees differ too: 0.15% for H4ZJ.DE and 0.05% for MWOL.DE.
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