H4ZY.DE vs. CBUH.DE
H4ZY.DE (HSBC MSCI World UCITS ETF USD (Acc)) and CBUH.DE (iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc) are both exchange-traded funds - H4ZY.DE is a Global Equities fund tracking the MSCI World, while CBUH.DE is a Momentum fund tracking the MSCI World Momentum ESG Reduced Carbon Target Select. Both are passively managed. Over the past 3 years, H4ZY.DE returned 17.59%/yr vs 22.30%/yr for CBUH.DE. Their correlation of 0.88 suggests significant overlap in exposure. H4ZY.DE charges 0.15%/yr vs 0.30%/yr for CBUH.DE.
Performance
H4ZY.DE vs. CBUH.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, H4ZY.DE achieves a 10.90% return, which is significantly lower than CBUH.DE's 22.41% return.
H4ZY.DE
- 1D
- -0.02%
- 1M
- 3.67%
- YTD
- 10.90%
- 6M
- 10.95%
- 1Y
- 23.84%
- 3Y*
- 17.59%
- 5Y*
- —
- 10Y*
- —
CBUH.DE
- 1D
- -0.51%
- 1M
- 3.26%
- YTD
- 22.41%
- 6M
- 23.42%
- 1Y
- 31.50%
- 3Y*
- 22.30%
- 5Y*
- —
- 10Y*
- —
H4ZY.DE vs. CBUH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
H4ZY.DE HSBC MSCI World UCITS ETF USD (Acc) | 10.90% | 7.98% | 25.90% | 20.32% | -4.03% |
CBUH.DE iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc | 22.41% | 7.97% | 28.91% | 13.46% | -2.38% |
Correlation
The correlation between H4ZY.DE and CBUH.DE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.88 |
The correlation between H4ZY.DE and CBUH.DE has been stable across timeframes, ranging from 0.84 to 0.88 - 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
H4ZY.DE vs. CBUH.DE — Risk / Return Rank
H4ZY.DE
CBUH.DE
H4ZY.DE vs. CBUH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI World UCITS ETF USD (Acc) (H4ZY.DE) and iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc (CBUH.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.
| H4ZY.DE | CBUH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.36 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 3.38 | +0.26 |
| Martin ratioReturn relative to average drawdown | 14.48 | 13.99 | +0.49 |
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
| H4ZY.DE | CBUH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 1.99 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.64 | +0.48 |
Drawdowns
H4ZY.DE vs. CBUH.DE - Drawdown Comparison
The maximum H4ZY.DE drawdown since its inception was -21.94%, roughly equal to the maximum CBUH.DE drawdown of -22.61%. Use the drawdown chart below to compare losses from any high point for H4ZY.DE and CBUH.DE.
Loading charts...
Drawdown Indicators
| H4ZY.DE | CBUH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.94% | -22.61% | +0.67% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -9.39% | +2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -21.94% | -22.61% | +0.67% |
Current DrawdownCurrent decline from peak | -0.32% | -0.51% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -3.60% | -8.55% | +4.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 2.27% | -0.62% |
Volatility
H4ZY.DE vs. CBUH.DE - Volatility Comparison
The current volatility for HSBC MSCI World UCITS ETF USD (Acc) (H4ZY.DE) is 2.62%, while iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc (CBUH.DE) has a volatility of 4.80%. This indicates that H4ZY.DE experiences smaller price fluctuations and is considered to be less risky than CBUH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| H4ZY.DE | CBUH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 4.80% | -2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 13.32% | -5.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.09% | 15.96% | -4.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.49% | 16.91% | -3.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.49% | 16.91% | -3.42% |
H4ZY.DE vs. CBUH.DE - Expense Ratio Comparison
H4ZY.DE has a 0.15% expense ratio, which is lower than CBUH.DE's 0.30% expense ratio.
Dividends
H4ZY.DE vs. CBUH.DE - Dividend Comparison
Neither H4ZY.DE nor CBUH.DE has paid dividends to shareholders.
Frequently Asked Questions
H4ZY.DE and CBUH.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4ZY.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZY.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for CBUH.DE.
H4ZY.DE is categorized as Global Equities, while CBUH.DE is Momentum. H4ZY.DE tracks MSCI World, while CBUH.DE tracks MSCI World Momentum ESG Reduced Carbon Target Select. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.15% for H4ZY.DE and 0.30% for CBUH.DE.
Find the right allocation for H4ZY.DE and CBUH.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