H4ZJ.DE vs. XHU.TO
H4ZJ.DE (HSBC MSCI World UCITS ETF USD) and XHU.TO (iShares U.S. High Dividend Equity Index ETF) are both exchange-traded funds - H4ZJ.DE is a Global Equities fund tracking the MSCI World, while XHU.TO is a Large Cap Blend Equities fund tracking the Morningstar US Market TR CAD. Both are passively managed. Over the past 10 years, H4ZJ.DE returned 14.71%/yr vs 6.70%/yr for XHU.TO. At a 0.44 correlation, their price movements are largely independent. H4ZJ.DE charges 0.15%/yr vs 0.34%/yr for XHU.TO.
Performance
H4ZJ.DE vs. XHU.TO - Performance Comparison
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Different Trading Currencies
H4ZJ.DE is traded in EUR, while XHU.TO is traded in CAD. To make them comparable, the XHU.TO 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 10.86% return, which is significantly lower than XHU.TO's 14.19% return. Over the past 10 years, H4ZJ.DE has outperformed XHU.TO with an annualized return of 14.71%, while XHU.TO has yielded a comparatively lower 6.70% 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%
XHU.TO
- 1D
- 0.14%
- 1M
- 1.98%
- YTD
- 14.19%
- 6M
- 6.04%
- 1Y
- 12.31%
- 3Y*
- 7.12%
- 5Y*
- 7.98%
- 10Y*
- 6.70%
H4ZJ.DE vs. XHU.TO - 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% |
XHU.TO iShares U.S. High Dividend Equity Index ETF | 14.19% | -7.90% | 14.52% | -2.29% | 11.35% | 28.02% | -15.08% | 21.41% | 0.38% | -1.44% |
Correlation
The correlation between H4ZJ.DE and XHU.TO is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2015 | 0.44 |
Over the past year, the correlation between H4ZJ.DE and XHU.TO has dropped to 0.06 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
H4ZJ.DE vs. XHU.TO — Risk / Return Rank
H4ZJ.DE
XHU.TO
H4ZJ.DE vs. XHU.TO - 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 U.S. High Dividend Equity Index ETF (XHU.TO). 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 | XHU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.18 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 1.47 | +2.15 |
| Martin ratioReturn relative to average drawdown | 14.41 | 4.84 | +9.56 |
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 | XHU.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 0.95 | +1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.58 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | 0.40 | +0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.40 | +0.53 |
Drawdowns
H4ZJ.DE vs. XHU.TO - Drawdown Comparison
The maximum H4ZJ.DE drawdown since its inception was -33.60%, roughly equal to the maximum XHU.TO drawdown of -34.42%. Use the drawdown chart below to compare losses from any high point for H4ZJ.DE and XHU.TO.
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Drawdown Indicators
| H4ZJ.DE | XHU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.60% | -34.42% | +0.82% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -7.90% | +1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -21.65% | -19.27% | -2.38% |
Max Drawdown (5Y)Largest decline over 5 years | -21.65% | -19.27% | -2.38% |
Max Drawdown (10Y)Largest decline over 10 years | -33.60% | -34.42% | +0.82% |
Current DrawdownCurrent decline from peak | -0.34% | -5.44% | +5.10% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -6.66% | +2.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 2.39% | -0.73% |
Volatility
H4ZJ.DE vs. XHU.TO - Volatility Comparison
The current volatility for HSBC MSCI World UCITS ETF USD (H4ZJ.DE) is 2.77%, while iShares U.S. High Dividend Equity Index ETF (XHU.TO) has a volatility of 3.82%. This indicates that H4ZJ.DE experiences smaller price fluctuations and is considered to be less risky than XHU.TO 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 | XHU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 3.82% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 10.38% | -2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.24% | 12.30% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 13.92% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.05% | 16.72% | -1.67% |
H4ZJ.DE vs. XHU.TO - Expense Ratio Comparison
H4ZJ.DE has a 0.15% expense ratio, which is lower than XHU.TO's 0.34% expense ratio.
Dividends
H4ZJ.DE vs. XHU.TO - Dividend Comparison
H4ZJ.DE's dividend yield for the trailing twelve months is around 1.16%, less than XHU.TO's 2.43% 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% |
XHU.TO iShares U.S. High Dividend Equity Index ETF | 2.43% | 2.75% | 2.72% | 2.86% | 2.63% | 2.60% | 3.18% | 2.25% | 2.52% | 2.27% | 2.38% | 2.30% |
Frequently Asked Questions
H4ZJ.DE and XHU.TO have a correlation of 0.06, 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 0.34% for XHU.TO.
H4ZJ.DE is categorized as Global Equities, while XHU.TO is Large Cap Blend Equities. H4ZJ.DE tracks MSCI World, while XHU.TO tracks Morningstar US Market TR CAD. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.15% for H4ZJ.DE and 0.34% for XHU.TO.
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