H4ZJ.DE vs. XDEB.DE
H4ZJ.DE (HSBC MSCI World UCITS ETF USD) and XDEB.DE (Xtrackers MSCI World Minimum Volatility UCITS ETF 1C) are both Global Equities funds - H4ZJ.DE tracks the MSCI World while XDEB.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, H4ZJ.DE returned 14.71%/yr vs 6.88%/yr for XDEB.DE. A 0.65 correlation means they provide meaningful diversification when combined. H4ZJ.DE charges 0.15%/yr vs 0.25%/yr for XDEB.DE.
Performance
H4ZJ.DE vs. XDEB.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 XDEB.DE's 1.74% return. Over the past 10 years, H4ZJ.DE has outperformed XDEB.DE with an annualized return of 14.71%, while XDEB.DE has yielded a comparatively lower 6.88% 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%
XDEB.DE
- 1D
- -0.04%
- 1M
- 1.84%
- YTD
- 1.74%
- 6M
- 1.64%
- 1Y
- 0.46%
- 3Y*
- 6.45%
- 5Y*
- 6.21%
- 10Y*
- 6.88%
H4ZJ.DE vs. XDEB.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% |
XDEB.DE Xtrackers MSCI World Minimum Volatility UCITS ETF 1C | 1.74% | -1.27% | 17.83% | 3.66% | -4.06% | 24.01% | -6.66% | 26.17% | 1.99% | 3.04% |
Correlation
The correlation between H4ZJ.DE and XDEB.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2014 | 0.65 |
Over the past year, the correlation between H4ZJ.DE and XDEB.DE has dropped to 0.33 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.
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Return for Risk
H4ZJ.DE vs. XDEB.DE — Risk / Return Rank
H4ZJ.DE
XDEB.DE
H4ZJ.DE vs. XDEB.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 Xtrackers MSCI World Minimum Volatility UCITS ETF 1C (XDEB.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 | XDEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.14 | ||
| Sortino ratioReturn per unit of downside risk | +2.92 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.00 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | -0.02 | +3.63 |
| Martin ratioReturn relative to average drawdown | 14.41 | -0.03 | +14.44 |
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 | XDEB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | -0.01 | +2.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.61 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | 0.62 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.70 | +0.23 |
Drawdowns
H4ZJ.DE vs. XDEB.DE - Drawdown Comparison
The maximum H4ZJ.DE drawdown since its inception was -33.60%, which is greater than XDEB.DE's maximum drawdown of -28.57%. Use the drawdown chart below to compare losses from any high point for H4ZJ.DE and XDEB.DE.
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Drawdown Indicators
| H4ZJ.DE | XDEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.60% | -28.57% | -5.03% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -5.31% | -1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -21.65% | -13.02% | -8.63% |
Max Drawdown (5Y)Largest decline over 5 years | -21.65% | -13.02% | -8.63% |
Max Drawdown (10Y)Largest decline over 10 years | -33.60% | -28.57% | -5.03% |
Current DrawdownCurrent decline from peak | -0.34% | -6.53% | +6.19% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -5.03% | +1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 2.37% | -0.71% |
Volatility
H4ZJ.DE vs. XDEB.DE - Volatility Comparison
HSBC MSCI World UCITS ETF USD (H4ZJ.DE) has a higher volatility of 2.77% compared to Xtrackers MSCI World Minimum Volatility UCITS ETF 1C (XDEB.DE) at 2.63%. This indicates that H4ZJ.DE's price experiences larger fluctuations and is considered to be riskier than XDEB.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 | XDEB.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% | 5.56% | +2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.24% | 7.86% | +3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 10.16% | +3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.05% | 12.03% | +3.02% |
H4ZJ.DE vs. XDEB.DE - Expense Ratio Comparison
H4ZJ.DE has a 0.15% expense ratio, which is lower than XDEB.DE's 0.25% expense ratio. Despite the difference, 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. XDEB.DE - Dividend Comparison
H4ZJ.DE's dividend yield for the trailing twelve months is around 1.16%, while XDEB.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% |
XDEB.DE Xtrackers MSCI World Minimum Volatility UCITS ETF 1C | 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 XDEB.DE have a correlation of 0.33, 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 0.25% for XDEB.DE.
H4ZJ.DE tracks MSCI World, while XDEB.DE tracks MSCI ACWI NR USD. They also come from different issuers: HSBC and DWS. Their fees differ too: 0.15% for H4ZJ.DE and 0.25% for XDEB.DE.
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