H4ZP.DE vs. IQQC.DE
H4ZP.DE (HSBC MSCI China UCITS ETF USD) and IQQC.DE (iShares China Large Cap UCITS ETF) are both China Equities funds - H4ZP.DE tracks the MSCI China while IQQC.DE tracks the FTSE China 50. Both are passively managed. Over the past 10 years, H4ZP.DE returned 4.72%/yr vs 2.69%/yr for IQQC.DE. Their correlation of 0.94 suggests significant overlap in exposure. H4ZP.DE charges 0.28%/yr vs 0.74%/yr for IQQC.DE.
Performance
H4ZP.DE vs. IQQC.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 higher than IQQC.DE's -7.00% return. Over the past 10 years, H4ZP.DE has outperformed IQQC.DE with an annualized return of 4.72%, while IQQC.DE has yielded a comparatively lower 2.69% annualized 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%
IQQC.DE
- 1D
- -0.30%
- 1M
- -3.70%
- YTD
- -7.00%
- 6M
- -9.66%
- 1Y
- -2.21%
- 3Y*
- 8.94%
- 5Y*
- -2.24%
- 10Y*
- 2.69%
H4ZP.DE vs. IQQC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
H4ZP.DE HSBC MSCI China UCITS ETF USD | -6.53% | 16.54% | 28.55% | -14.47% | -15.34% | -16.86% | 15.20% | 26.76% | -16.09% | 35.18% |
IQQC.DE iShares China Large Cap UCITS ETF | -7.00% | 14.32% | 39.12% | -16.33% | -13.36% | -15.34% | -1.10% | 18.05% | -9.09% | 18.68% |
Correlation
The correlation between H4ZP.DE and IQQC.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 | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2013 | 0.94 |
The correlation between H4ZP.DE and IQQC.DE has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.
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Return for Risk
H4ZP.DE vs. IQQC.DE — Risk / Return Rank
H4ZP.DE
IQQC.DE
H4ZP.DE vs. IQQC.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 iShares China Large Cap UCITS ETF (IQQC.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 | IQQC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.00 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | -0.11 | +0.30 |
| Martin ratioReturn relative to average drawdown | 0.39 | -0.23 | +0.62 |
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 | IQQC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | -0.09 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | -0.08 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.11 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.17 | +0.02 |
Drawdowns
H4ZP.DE vs. IQQC.DE - Drawdown Comparison
The maximum H4ZP.DE drawdown since its inception was -55.74%, smaller than the maximum IQQC.DE drawdown of -67.50%. Use the drawdown chart below to compare losses from any high point for H4ZP.DE and IQQC.DE.
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Drawdown Indicators
| H4ZP.DE | IQQC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.74% | -67.50% | +11.76% |
Max Drawdown (1Y)Largest decline over 1 year | -16.83% | -15.24% | -1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -24.56% | -27.71% | +3.15% |
Max Drawdown (5Y)Largest decline over 5 years | -49.16% | -47.35% | -1.81% |
Max Drawdown (10Y)Largest decline over 10 years | -55.74% | -53.92% | -1.82% |
Current DrawdownCurrent decline from peak | -31.17% | -24.02% | -7.15% |
Average DrawdownAverage peak-to-trough decline | -23.08% | -28.16% | +5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.15% | 7.16% | +0.99% |
Volatility
H4ZP.DE vs. IQQC.DE - Volatility Comparison
HSBC MSCI China UCITS ETF USD (H4ZP.DE) has a higher volatility of 7.30% compared to iShares China Large Cap UCITS ETF (IQQC.DE) at 6.75%. This indicates that H4ZP.DE's price experiences larger fluctuations and is considered to be riskier than IQQC.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 | IQQC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 6.75% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 13.14% | 12.55% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.46% | 17.72% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.70% | 28.20% | -0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.25% | 25.07% | +0.18% |
H4ZP.DE vs. IQQC.DE - Expense Ratio Comparison
H4ZP.DE has a 0.28% expense ratio, which is lower than IQQC.DE's 0.74% expense ratio.
Dividends
H4ZP.DE vs. IQQC.DE - Dividend Comparison
H4ZP.DE's dividend yield for the trailing twelve months is around 2.14%, more than IQQC.DE's 1.92% yield.
| 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% |
IQQC.DE iShares China Large Cap UCITS ETF | 1.92% | 1.78% | 2.26% | 2.52% | 2.51% | 1.85% | 2.51% | 2.45% | 3.03% | 2.38% | 2.33% | 2.63% |
Frequently Asked Questions
With a correlation of 0.96, H4ZP.DE and IQQC.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, H4ZP.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZP.DE is cheaper with a 0.28% expense ratio, compared with 0.74% for IQQC.DE.
H4ZP.DE tracks MSCI China, while IQQC.DE tracks FTSE China 50. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.28% for H4ZP.DE and 0.74% for IQQC.DE.
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