H4ZP.DE vs. M9SV.DE
H4ZP.DE (HSBC MSCI China UCITS ETF USD) and M9SV.DE (Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR) are both China Equities funds - H4ZP.DE tracks the MSCI China while M9SV.DE tracks the STOXX China A 900 Minimum Variance Unconstrained AM Index. Both are passively managed. Over the past 5 years, H4ZP.DE returned -3.66%/yr vs 4.55%/yr for M9SV.DE. At a 0.50 correlation, their price movements are largely independent. H4ZP.DE charges 0.28%/yr vs 0.45%/yr for M9SV.DE.
Performance
H4ZP.DE vs. M9SV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4ZP.DE achieves a -7.02% return, which is significantly lower than M9SV.DE's -4.50% return.
H4ZP.DE
- 1D
- 2.01%
- 1M
- 0.46%
- 6M
- -11.84%
- YTD
- -7.02%
- 1Y
- 0.54%
- 3Y*
- 7.96%
- 5Y*
- -3.66%
- 10Y*
- 4.04%
M9SV.DE
- 1D
- -1.69%
- 1M
- -4.54%
- 6M
- -6.05%
- YTD
- -4.50%
- 1Y
- 0.43%
- 3Y*
- 6.93%
- 5Y*
- 4.55%
- 10Y*
- —
H4ZP.DE vs. M9SV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
H4ZP.DE HSBC MSCI China UCITS ETF USD | -7.02% | 16.47% | 28.50% | -14.42% | -15.25% | -16.85% | 15.13% | 26.65% | -23.14% |
M9SV.DE Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR | -4.50% | -5.32% | 37.47% | 2.90% | -11.14% | 18.00% | 14.68% | 7.74% | -16.71% |
Correlation
The correlation between H4ZP.DE and M9SV.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2018 | 0.50 |
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Return for Risk
H4ZP.DE vs. M9SV.DE — Risk / Return Rank
H4ZP.DE
M9SV.DE
H4ZP.DE vs. M9SV.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 Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR (M9SV.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| H4ZP.DE | M9SV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.03 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 0.18 | -0.15 |
| Martin ratioReturn relative to average drawdown | 0.05 | 0.41 | -0.36 |
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Drawdowns
H4ZP.DE vs. M9SV.DE - Drawdown Comparison
The maximum H4ZP.DE drawdown since its inception was -55.72%, which is greater than M9SV.DE's maximum drawdown of -23.79%. Use the drawdown chart below to compare losses from any high point for H4ZP.DE and M9SV.DE.
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Drawdown Indicators
| H4ZP.DE | M9SV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.72% | -23.79% | -31.93% |
Max Drawdown (1Y)Largest decline over 1 year | -21.00% | -7.48% | -13.52% |
Max Drawdown (3Y)Largest decline over 3 years | -24.50% | -23.79% | -0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -46.35% | -23.79% | -22.56% |
Max Drawdown (10Y)Largest decline over 10 years | -55.72% | — | — |
Current DrawdownCurrent decline from peak | -31.52% | -17.81% | -13.71% |
Average DrawdownAverage peak-to-trough decline | -23.15% | -9.52% | -13.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.17% | 3.21% | +6.96% |
Volatility
H4ZP.DE vs. M9SV.DE - Volatility Comparison
HSBC MSCI China UCITS ETF USD (H4ZP.DE) has a higher volatility of 5.44% compared to Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR (M9SV.DE) at 3.73%. This indicates that H4ZP.DE's price experiences larger fluctuations and is considered to be riskier than M9SV.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 | M9SV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 3.73% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 13.68% | 7.51% | +6.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.05% | 11.20% | +7.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.69% | 20.43% | +7.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.26% | 21.49% | +3.77% |
H4ZP.DE vs. M9SV.DE - Expense Ratio Comparison
H4ZP.DE has a 0.28% expense ratio, which is lower than M9SV.DE's 0.45% expense ratio.
Dividends
H4ZP.DE vs. M9SV.DE - Dividend Comparison
H4ZP.DE's dividend yield for the trailing twelve months is around 2.15%, while M9SV.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 | 2.15% | 2.38% | 3.10% | 2.10% | 1.97% | 1.28% | 0.96% | 1.57% | 1.40% | 0.78% | 1.97% | 2.89% |
M9SV.DE Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR | 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 M9SV.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.45% for M9SV.DE.
H4ZP.DE tracks MSCI China, while M9SV.DE tracks STOXX China A 900 Minimum Variance Unconstrained AM Index. They also come from different issuers: HSBC and Market Access. Their fees differ too: 0.28% for H4ZP.DE and 0.45% for M9SV.DE.
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