H4ZJ.DE vs. QUAL
H4ZJ.DE (HSBC MSCI World UCITS ETF USD) and QUAL (iShares MSCI USA Quality Factor ETF) are both exchange-traded funds - H4ZJ.DE is a Global Equities fund tracking the MSCI World, while QUAL is a Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality Index. Both are passively managed. Over the past 10 years, H4ZJ.DE returned 12.53%/yr vs 13.73%/yr for QUAL. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
H4ZJ.DE vs. QUAL - Performance Comparison
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Different Trading Currencies
H4ZJ.DE is traded in EUR, while QUAL is traded in USD. To make them comparable, the QUAL values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, H4ZJ.DE achieves a 12.98% return, which is significantly lower than QUAL's 13.76% return. Over the past 10 years, H4ZJ.DE has underperformed QUAL with an annualized return of 12.53%, while QUAL has yielded a comparatively higher 13.73% 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%
QUAL
- 1D
- -0.21%
- 1M
- 1.31%
- 6M
- 10.56%
- YTD
- 13.76%
- 1Y
- 22.86%
- 3Y*
- 17.39%
- 5Y*
- 12.31%
- 10Y*
- 13.73%
H4ZJ.DE vs. QUAL - 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% |
QUAL iShares MSCI USA Quality Factor ETF | 13.76% | -0.72% | 30.36% | 26.96% | -15.57% | 36.43% | 7.39% | 36.92% | -1.28% | 7.24% |
Correlation
The correlation between H4ZJ.DE and QUAL is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
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 | 0.60 |
The correlation between H4ZJ.DE and QUAL has been stable across timeframes, ranging from 0.56 to 0.62 - a consistent structural relationship.
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Return for Risk
H4ZJ.DE vs. QUAL — Risk / Return Rank
H4ZJ.DE
QUAL
H4ZJ.DE vs. QUAL - 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 MSCI USA Quality Factor ETF (QUAL). 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 | QUAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.35 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.81 | 3.26 | +0.54 |
| Martin ratioReturn relative to average drawdown | 15.44 | 13.04 | +2.40 |
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Drawdowns
H4ZJ.DE vs. QUAL - Drawdown Comparison
The maximum H4ZJ.DE drawdown since its inception was -33.63%, roughly equal to the maximum QUAL drawdown of -33.56%. Use the drawdown chart below to compare losses from any high point for H4ZJ.DE and QUAL.
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Drawdown Indicators
| H4ZJ.DE | QUAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -33.56% | -0.07% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -7.03% | +0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -21.64% | -23.13% | +1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -21.64% | -23.13% | +1.49% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -33.56% | -0.07% |
Current DrawdownCurrent decline from peak | -0.07% | -0.43% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -4.44% | -4.44% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.76% | -0.22% |
Volatility
H4ZJ.DE vs. QUAL - Volatility Comparison
The current volatility for HSBC MSCI World UCITS ETF USD (H4ZJ.DE) is 2.46%, while iShares MSCI USA Quality Factor ETF (QUAL) has a volatility of 2.95%. This indicates that H4ZJ.DE experiences smaller price fluctuations and is considered to be less risky than QUAL 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 | QUAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.46% | 2.95% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 7.97% | 8.92% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.34% | 12.01% | -0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.16% | 17.16% | -3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.97% | 18.56% | -3.59% |
H4ZJ.DE vs. QUAL - Expense Ratio Comparison
Both H4ZJ.DE and QUAL 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. QUAL - Dividend Comparison
H4ZJ.DE's dividend yield for the trailing twelve months is around 1.14%, more than QUAL's 0.86% 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% |
QUAL iShares MSCI USA Quality Factor ETF | 0.86% | 0.94% | 1.02% | 1.23% | 1.59% | 1.20% | 1.39% | 1.60% | 2.00% | 1.76% | 1.96% | 1.63% |
Frequently Asked Questions
H4ZJ.DE and QUAL have a correlation of 0.62, 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 QUAL have the same expense ratio: 0.15% per year.
H4ZJ.DE is categorized as Global Equities, while QUAL is Large Cap Blend Equities. H4ZJ.DE tracks MSCI World, while QUAL tracks MSCI USA Sector Neutral Quality Index. They also come from different issuers: HSBC and iShares.
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