H4ZJ.DE vs. QUAL

Last updated Apr 3, 2026

Compare and contrast key facts about HSBC MSCI World UCITS ETF USD (H4ZJ.DE) and iShares MSCI USA Quality Factor ETF (QUAL).

H4ZJ.DE and QUAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. H4ZJ.DE is a passively managed fund by HSBC that tracks the performance of the MSCI World. It was launched on Dec 8, 2010. QUAL is a passively managed fund by iShares that tracks the performance of the MSCI USA Sector Neutral Quality Index. It was launched on Jul 18, 2013. Both H4ZJ.DE and QUAL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

H4ZJ.DE vs. QUAL - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in HSBC MSCI World UCITS ETF USD (H4ZJ.DE) and iShares MSCI USA Quality Factor ETF (QUAL). The values are adjusted to include any dividend payments, if applicable.

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	-1.30%	8.00%	26.94%	22.28%	-13.11%	35.34%	7.78%	34.57%	-2.46%	9.87%
QUAL iShares MSCI USA Quality Factor ETF	-0.78%	-0.72%	30.36%	26.96%	-15.57%	36.43%	7.39%	36.92%	-1.28%	7.24%

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 -1.30% return, which is significantly lower than QUAL's -0.78% return. Over the past 10 years, H4ZJ.DE has outperformed QUAL with an annualized return of 13.76%, while QUAL has yielded a comparatively lower 12.91% annualized return.

H4ZJ.DE

• 1D: 0.09%
• 1M: -1.91%
• YTD: -1.30%
• 6M: 1.75%
• 1Y: 12.37%
• 3Y*: 15.95%
• 5Y*: 11.89%
• 10Y*: 13.76%

QUAL

• 1D: 0.66%
• 1M: -3.69%
• YTD: -0.78%
• 6M: 0.45%
• 1Y: 6.29%
• 3Y*: 14.81%
• 5Y*: 11.21%
• 10Y*: 12.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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%.

H4ZJ.DE

HSBC MSCI World UCITS ETF USD

QUAL

iShares MSCI USA Quality Factor ETF

Return for Risk

H4ZJ.DE vs. QUAL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

H4ZJ.DE

H4ZJ.DE Risk / Return Rank: 55
H4ZJ.DE Sharpe Ratio Rank: 37
H4ZJ.DE Sortino Ratio Rank: 35
H4ZJ.DE Omega Ratio Rank: 38
H4ZJ.DE Calmar Ratio Rank: 82
H4ZJ.DE Martin Ratio Rank: 82

QUAL

QUAL Risk / Return Rank: 40
QUAL Sharpe Ratio Rank: 36
QUAL Sortino Ratio Rank: 38
QUAL Omega Ratio Rank: 39
QUAL Calmar Ratio Rank: 38
QUAL Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	H4ZJ.DE	QUAL	Difference
Sharpe ratio Return per unit of total volatility	0.76	0.32	+0.44
Sortino ratio Return per unit of downside risk	1.10	0.58	+0.53
Omega ratio Gain probability vs. loss probability	1.17	1.09	+0.08
Calmar ratio Return relative to maximum drawdown	2.77	0.47	+2.29
Martin ratio Return relative to average drawdown	10.58	1.95	+8.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

H4ZJ.DE vs. QUAL - Sharpe Ratio Comparison

The current H4ZJ.DE Sharpe Ratio is 0.76, which is higher than the QUAL Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of H4ZJ.DE and QUAL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	H4ZJ.DE	QUAL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.76	0.32	+0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.66	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	0.70	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.77	+0.10

Correlation

The correlation between H4ZJ.DE and QUAL is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

H4ZJ.DE vs. QUAL - Dividend Comparison

H4ZJ.DE's dividend yield for the trailing twelve months is around 1.29%, more than QUAL's 0.98% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
H4ZJ.DE HSBC MSCI World UCITS ETF USD	1.29%	1.28%	2.06%	3.02%	2.65%	2.73%	3.30%	4.02%	4.71%	3.58%	4.02%	3.46%
QUAL iShares MSCI USA Quality Factor ETF	0.98%	0.94%	1.02%	1.23%	1.59%	1.20%	1.39%	1.60%	2.00%	1.76%	1.96%	1.63%

Drawdowns

H4ZJ.DE vs. QUAL - Drawdown Comparison

The maximum H4ZJ.DE drawdown since its inception was -33.60%, 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.

Drawdown Indicators

	H4ZJ.DE	QUAL	Difference
Max Drawdown Largest peak-to-trough decline	-33.60%	-34.06%	+0.46%
Max Drawdown (1Y) Largest decline over 1 year	-8.71%	-9.03%	+0.32%
Max Drawdown (5Y) Largest decline over 5 years	-21.65%	-28.23%	+6.58%
Max Drawdown (10Y) Largest decline over 10 years	-33.60%	-34.06%	+0.46%
Current Drawdown Current decline from peak	-4.01%	-5.78%	+1.77%
Average Drawdown Average peak-to-trough decline	-4.07%	-4.15%	+0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	2.56%	-0.84%

Volatility

H4ZJ.DE vs. QUAL - Volatility Comparison

HSBC MSCI World UCITS ETF USD (H4ZJ.DE) and iShares MSCI USA Quality Factor ETF (QUAL) have volatilities of 4.21% and 4.34%, 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.

Volatility by Period

	H4ZJ.DE	QUAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	4.34%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	8.44%	9.49%	-1.05%
Volatility (1Y) Calculated over the trailing 1-year period	16.15%	19.62%	-3.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.16%	17.14%	-2.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.09%	18.60%	-3.51%