H4ZP.DE vs. H4ZZ.DE
H4ZP.DE (HSBC MSCI China UCITS ETF USD) and H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) are both exchange-traded funds - H4ZP.DE is a China Equities fund tracking the MSCI China, while H4ZZ.DE is a Europe Equities fund tracking the EURO STOXX 50. Both are passively managed. Over the past 3 years, H4ZP.DE returned 8.20%/yr vs 15.64%/yr for H4ZZ.DE. At a 0.36 correlation, their price movements are largely independent. H4ZP.DE charges 0.28%/yr vs 0.05%/yr for H4ZZ.DE.
Performance
H4ZP.DE vs. H4ZZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4ZP.DE achieves a -6.53% return, which is significantly lower than H4ZZ.DE's 7.20% return.
H4ZP.DE
- 1D
- -0.23%
- 1M
- -3.31%
- YTD
- -6.53%
- 6M
- -9.00%
- 1Y
- 2.93%
- 3Y*
- 8.20%
- 5Y*
- -4.00%
- 10Y*
- 4.72%
H4ZZ.DE
- 1D
- 0.77%
- 1M
- 1.96%
- YTD
- 7.20%
- 6M
- 8.56%
- 1Y
- 15.62%
- 3Y*
- 15.64%
- 5Y*
- —
- 10Y*
- —
H4ZP.DE vs. H4ZZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
H4ZP.DE HSBC MSCI China UCITS ETF USD | -6.53% | 16.54% | 28.55% | -14.47% | -14.00% |
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 7.20% | 22.35% | 10.99% | 22.53% | 9.82% |
Correlation
The correlation between H4ZP.DE and H4ZZ.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.36 |
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Return for Risk
H4ZP.DE vs. H4ZZ.DE — Risk / Return Rank
H4ZP.DE
H4ZZ.DE
H4ZP.DE vs. H4ZZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI China UCITS ETF USD (H4ZP.DE) and HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.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.
| H4ZP.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.18 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 1.43 | -1.24 |
| Martin ratioReturn relative to average drawdown | 0.39 | 4.86 | -4.47 |
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
| H4ZP.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 0.98 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 1.18 | -0.99 |
Drawdowns
H4ZP.DE vs. H4ZZ.DE - Drawdown Comparison
The maximum H4ZP.DE drawdown since its inception was -55.74%, which is greater than H4ZZ.DE's maximum drawdown of -16.46%. Use the drawdown chart below to compare losses from any high point for H4ZP.DE and H4ZZ.DE.
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Drawdown Indicators
| H4ZP.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.74% | -16.46% | -39.28% |
Max Drawdown (1Y)Largest decline over 1 year | -16.83% | -10.94% | -5.89% |
Max Drawdown (3Y)Largest decline over 3 years | -24.56% | -16.46% | -8.10% |
Max Drawdown (5Y)Largest decline over 5 years | -49.16% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -55.74% | — | — |
Current DrawdownCurrent decline from peak | -31.17% | -0.53% | -30.64% |
Average DrawdownAverage peak-to-trough decline | -23.08% | -2.68% | -20.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.15% | 3.23% | +4.92% |
Volatility
H4ZP.DE vs. H4ZZ.DE - Volatility Comparison
HSBC MSCI China UCITS ETF USD (H4ZP.DE) has a higher volatility of 7.30% compared to HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) at 4.93%. This indicates that H4ZP.DE's price experiences larger fluctuations and is considered to be riskier than H4ZZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H4ZP.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 4.93% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 13.14% | 12.97% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.46% | 15.97% | +2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.70% | 15.85% | +11.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.25% | 15.85% | +9.40% |
H4ZP.DE vs. H4ZZ.DE - Expense Ratio Comparison
H4ZP.DE has a 0.28% expense ratio, which is higher than H4ZZ.DE's 0.05% expense ratio.
Dividends
H4ZP.DE vs. H4ZZ.DE - Dividend Comparison
H4ZP.DE's dividend yield for the trailing twelve months is around 2.14%, while H4ZZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H4ZP.DE HSBC MSCI China UCITS ETF USD | 2.14% | 2.39% | 3.10% | 2.10% | 1.97% | 1.28% | 0.96% | 1.57% | 1.40% | 0.78% | 1.97% | 2.89% |
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 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
H4ZP.DE and H4ZZ.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4ZZ.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZZ.DE is cheaper with a 0.05% expense ratio, compared with 0.28% for H4ZP.DE.
H4ZP.DE is categorized as China Equities, while H4ZZ.DE is Europe Equities. H4ZP.DE tracks MSCI China, while H4ZZ.DE tracks EURO STOXX 50. Their fees differ too: 0.28% for H4ZP.DE and 0.05% for H4ZZ.DE.
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