H4ZY.DE vs. H41C.DE
H4ZY.DE (HSBC MSCI World UCITS ETF USD (Acc)) and H41C.DE (HSBC Developed World Sustainable Equity UCITS ETF USD) are both Global Equities funds from HSBC - H4ZY.DE tracks the MSCI World while H41C.DE tracks the FTSE Developed ESG Low Carbon Select. Both are passively managed. Over the past 3 years, H4ZY.DE returned 17.59%/yr vs 17.63%/yr for H41C.DE. With a 0.96 correlation, they move nearly in lockstep. H4ZY.DE charges 0.15%/yr vs 0.18%/yr for H41C.DE.
Performance
H4ZY.DE vs. H41C.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4ZY.DE achieves a 10.90% return, which is significantly lower than H41C.DE's 14.28% return.
H4ZY.DE
- 1D
- -0.02%
- 1M
- 3.67%
- YTD
- 10.90%
- 6M
- 10.95%
- 1Y
- 23.84%
- 3Y*
- 17.59%
- 5Y*
- —
- 10Y*
- —
H41C.DE
- 1D
- 0.27%
- 1M
- 6.30%
- YTD
- 14.28%
- 6M
- 15.86%
- 1Y
- 28.86%
- 3Y*
- 17.63%
- 5Y*
- 12.71%
- 10Y*
- —
H4ZY.DE vs. H41C.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% |
H41C.DE HSBC Developed World Sustainable Equity UCITS ETF USD | 14.28% | 10.36% | 21.66% | 16.26% | -4.10% |
Correlation
The correlation between H4ZY.DE and H41C.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.96 |
The correlation between H4ZY.DE and H41C.DE has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
H4ZY.DE vs. H41C.DE — Risk / Return Rank
H4ZY.DE
H41C.DE
H4ZY.DE vs. H41C.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 HSBC Developed World Sustainable Equity UCITS ETF USD (H41C.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 | H41C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.52 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 4.90 | -1.26 |
| Martin ratioReturn relative to average drawdown | 14.48 | 19.75 | -5.27 |
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
| H4ZY.DE | H41C.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 2.74 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.95 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 1.13 | -0.01 |
Drawdowns
H4ZY.DE vs. H41C.DE - Drawdown Comparison
The maximum H4ZY.DE drawdown since its inception was -21.94%, which is greater than H41C.DE's maximum drawdown of -20.76%. Use the drawdown chart below to compare losses from any high point for H4ZY.DE and H41C.DE.
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Drawdown Indicators
| H4ZY.DE | H41C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.94% | -20.76% | -1.18% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -5.90% | -0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -21.94% | -20.76% | -1.18% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.76% | — |
Current DrawdownCurrent decline from peak | -0.32% | -0.14% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -3.60% | -3.81% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.47% | +0.18% |
Volatility
H4ZY.DE vs. H41C.DE - Volatility Comparison
The current volatility for HSBC MSCI World UCITS ETF USD (Acc) (H4ZY.DE) is 2.62%, while HSBC Developed World Sustainable Equity UCITS ETF USD (H41C.DE) has a volatility of 3.01%. This indicates that H4ZY.DE experiences smaller price fluctuations and is considered to be less risky than H41C.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H4ZY.DE | H41C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 3.01% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 7.58% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.09% | 10.55% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.49% | 13.29% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.49% | 13.35% | +0.14% |
H4ZY.DE vs. H41C.DE - Expense Ratio Comparison
H4ZY.DE has a 0.15% expense ratio, which is lower than H41C.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
H4ZY.DE vs. H41C.DE - Dividend Comparison
Neither H4ZY.DE nor H41C.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, H4ZY.DE and H41C.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, 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 0.18% for H41C.DE.
H4ZY.DE tracks MSCI World, while H41C.DE tracks FTSE Developed ESG Low Carbon Select. Their fees differ too: 0.15% for H4ZY.DE and 0.18% for H41C.DE.
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