H4ZN.DE vs. H4ZY.DE
H4ZN.DE (HSBC S&P 500 UCITS ETF USD (Acc)) and H4ZY.DE (HSBC MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - H4ZN.DE is a S&P 500 fund tracking the S&P 500 Index, while H4ZY.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 3 years, H4ZN.DE returned 18.87%/yr vs 17.59%/yr for H4ZY.DE. With a 0.97 correlation, they move nearly in lockstep. H4ZN.DE charges 0.09%/yr vs 0.15%/yr for H4ZY.DE.
Performance
H4ZN.DE vs. H4ZY.DE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with H4ZN.DE having a 11.38% return and H4ZY.DE slightly lower at 10.90%.
H4ZN.DE
- 1D
- -0.12%
- 1M
- 4.34%
- YTD
- 11.38%
- 6M
- 10.80%
- 1Y
- 25.53%
- 3Y*
- 18.87%
- 5Y*
- —
- 10Y*
- —
H4ZY.DE
- 1D
- -0.02%
- 1M
- 3.67%
- YTD
- 10.90%
- 6M
- 10.95%
- 1Y
- 23.84%
- 3Y*
- 17.59%
- 5Y*
- —
- 10Y*
- —
H4ZN.DE vs. H4ZY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
H4ZN.DE HSBC S&P 500 UCITS ETF USD (Acc) | 11.38% | 4.72% | 32.33% | 22.56% | -5.90% |
H4ZY.DE HSBC MSCI World UCITS ETF USD (Acc) | 10.90% | 7.98% | 25.90% | 20.32% | -4.03% |
Correlation
The correlation between H4ZN.DE and H4ZY.DE is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.97 |
The correlation between H4ZN.DE and H4ZY.DE has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
H4ZN.DE vs. H4ZY.DE — Risk / Return Rank
H4ZN.DE
H4ZY.DE
H4ZN.DE vs. H4ZY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC S&P 500 UCITS ETF USD (Acc) (H4ZN.DE) and HSBC MSCI World UCITS ETF USD (Acc) (H4ZY.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.
| H4ZN.DE | H4ZY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.40 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 3.64 | -0.08 |
| Martin ratioReturn relative to average drawdown | 12.69 | 14.48 | -1.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| H4ZN.DE | H4ZY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 2.15 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 1.12 | -0.03 |
Drawdowns
H4ZN.DE vs. H4ZY.DE - Drawdown Comparison
The maximum H4ZN.DE drawdown since its inception was -23.40%, which is greater than H4ZY.DE's maximum drawdown of -21.94%. Use the drawdown chart below to compare losses from any high point for H4ZN.DE and H4ZY.DE.
Loading charts...
Drawdown Indicators
| H4ZN.DE | H4ZY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.40% | -21.94% | -1.46% |
Max Drawdown (1Y)Largest decline over 1 year | -7.17% | -6.55% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -23.40% | -21.94% | -1.46% |
Current DrawdownCurrent decline from peak | -0.43% | -0.32% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -3.60% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.65% | +0.36% |
Volatility
H4ZN.DE vs. H4ZY.DE - Volatility Comparison
HSBC S&P 500 UCITS ETF USD (Acc) (H4ZN.DE) and HSBC MSCI World UCITS ETF USD (Acc) (H4ZY.DE) have volatilities of 2.66% and 2.62%, 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.
Loading charts...
Volatility by Period
| H4ZN.DE | H4ZY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 2.62% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 7.63% | 7.66% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.60% | 11.09% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.48% | 13.49% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.48% | 13.49% | +0.99% |
H4ZN.DE vs. H4ZY.DE - Expense Ratio Comparison
H4ZN.DE has a 0.09% expense ratio, which is lower than H4ZY.DE's 0.15% 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
H4ZN.DE vs. H4ZY.DE - Dividend Comparison
Neither H4ZN.DE nor H4ZY.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, H4ZN.DE and H4ZY.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, H4ZN.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZN.DE is cheaper with a 0.09% expense ratio, compared with 0.15% for H4ZY.DE.
H4ZN.DE is categorized as S&P 500, while H4ZY.DE is Global Equities. H4ZN.DE tracks S&P 500 Index, while H4ZY.DE tracks MSCI World. Their fees differ too: 0.09% for H4ZN.DE and 0.15% for H4ZY.DE.
Find the right allocation for H4ZN.DE and H4ZY.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer