H4ZP.DE vs. XCHA.DE
H4ZP.DE (HSBC MSCI China UCITS ETF USD) and XCHA.DE (Xtrackers CSI 300 Swap UCITS ETF 1C) are both China Equities funds - H4ZP.DE tracks the MSCI China while XCHA.DE tracks the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 10 years, H4ZP.DE returned 4.72%/yr vs 9.08%/yr for XCHA.DE. A 0.70 correlation means they provide meaningful diversification when combined. H4ZP.DE charges 0.28%/yr vs 0.50%/yr for XCHA.DE.
Performance
H4ZP.DE vs. XCHA.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, H4ZP.DE achieves a -6.53% return, which is significantly lower than XCHA.DE's 12.47% return. Over the past 10 years, H4ZP.DE has underperformed XCHA.DE with an annualized return of 4.72%, while XCHA.DE has yielded a comparatively higher 9.08% 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%
XCHA.DE
- 1D
- -0.47%
- 1M
- 2.18%
- YTD
- 12.47%
- 6M
- 14.40%
- 1Y
- 39.55%
- 3Y*
- 12.45%
- 5Y*
- 3.01%
- 10Y*
- 9.08%
H4ZP.DE vs. XCHA.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% |
XCHA.DE Xtrackers CSI 300 Swap UCITS ETF 1C | 12.47% | 14.69% | 24.35% | -14.26% | -19.18% | 13.33% | 31.24% | 44.98% | -21.84% | 18.89% |
Correlation
The correlation between H4ZP.DE and XCHA.DE is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2013 | 0.70 |
The correlation between H4ZP.DE and XCHA.DE has been stable across timeframes, ranging from 0.67 to 0.73 - 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
H4ZP.DE vs. XCHA.DE — Risk / Return Rank
H4ZP.DE
XCHA.DE
H4ZP.DE vs. XCHA.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 Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.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 | XCHA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.41 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 2.38 | -2.19 |
| Martin ratioReturn relative to average drawdown | 0.39 | 4.62 | -4.23 |
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
| H4ZP.DE | XCHA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 1.48 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 0.13 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.39 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.31 | -0.12 |
Drawdowns
H4ZP.DE vs. XCHA.DE - Drawdown Comparison
The maximum H4ZP.DE drawdown since its inception was -55.74%, which is greater than XCHA.DE's maximum drawdown of -52.27%. Use the drawdown chart below to compare losses from any high point for H4ZP.DE and XCHA.DE.
Loading charts...
Drawdown Indicators
| H4ZP.DE | XCHA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.74% | -52.27% | -3.47% |
Max Drawdown (1Y)Largest decline over 1 year | -16.83% | -16.43% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -24.56% | -26.32% | +1.76% |
Max Drawdown (5Y)Largest decline over 5 years | -49.16% | -37.07% | -12.09% |
Max Drawdown (10Y)Largest decline over 10 years | -55.74% | -38.55% | -17.19% |
Current DrawdownCurrent decline from peak | -31.17% | -1.81% | -29.36% |
Average DrawdownAverage peak-to-trough decline | -23.08% | -22.73% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.15% | 8.48% | -0.33% |
Volatility
H4ZP.DE vs. XCHA.DE - Volatility Comparison
HSBC MSCI China UCITS ETF USD (H4ZP.DE) has a higher volatility of 7.30% compared to Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.DE) at 5.10%. This indicates that H4ZP.DE's price experiences larger fluctuations and is considered to be riskier than XCHA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| H4ZP.DE | XCHA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 5.10% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 13.14% | 10.37% | +2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.46% | 26.51% | -8.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.70% | 23.27% | +4.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.25% | 23.20% | +2.05% |
H4ZP.DE vs. XCHA.DE - Expense Ratio Comparison
H4ZP.DE has a 0.28% expense ratio, which is lower than XCHA.DE's 0.50% expense ratio.
Dividends
H4ZP.DE vs. XCHA.DE - Dividend Comparison
H4ZP.DE's dividend yield for the trailing twelve months is around 2.14%, while XCHA.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% |
XCHA.DE Xtrackers CSI 300 Swap UCITS ETF 1C | 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 XCHA.DE have a correlation of 0.67, 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 0.50% for XCHA.DE.
H4ZP.DE tracks MSCI China, while XCHA.DE tracks MSCI China A Onshore NR CNY. They also come from different issuers: HSBC and Xtrackers. Their fees differ too: 0.28% for H4ZP.DE and 0.50% for XCHA.DE.
Find the right allocation for H4ZP.DE and XCHA.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