H4ZY.DE vs. H41G.DE
H4ZY.DE (HSBC MSCI World UCITS ETF USD (Acc)) and H41G.DE (HSBC MSCI World Small Cap ESG UCITS ETF USD (Acc)) are both Global Equities funds from HSBC - H4ZY.DE tracks the MSCI World while H41G.DE tracks the MSCI World Small Cap SRI ESG Leaders Select. Both are passively managed. Over the past 3 years, H4ZY.DE returned 18.15%/yr vs 12.66%/yr for H41G.DE. Their correlation of 0.81 suggests significant overlap in exposure. H4ZY.DE charges 0.15%/yr vs 0.25%/yr for H41G.DE.
Performance
H4ZY.DE vs. H41G.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4ZY.DE achieves a 12.84% return, which is significantly lower than H41G.DE's 15.05% return.
H4ZY.DE
- 1D
- 0.00%
- 1M
- 1.44%
- 6M
- 10.95%
- YTD
- 12.84%
- 1Y
- 23.61%
- 3Y*
- 18.15%
- 5Y*
- —
- 10Y*
- —
H41G.DE
- 1D
- 0.00%
- 1M
- 1.42%
- 6M
- 10.75%
- YTD
- 15.05%
- 1Y
- 25.25%
- 3Y*
- 12.66%
- 5Y*
- —
- 10Y*
- —
H4ZY.DE vs. H41G.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
H4ZY.DE HSBC MSCI World UCITS ETF USD (Acc) | 12.84% | 7.98% | 25.90% | 20.32% | -2.90% |
H41G.DE HSBC MSCI World Small Cap ESG UCITS ETF USD (Acc) | 15.05% | 3.96% | 12.21% | 11.87% | -1.30% |
Correlation
The correlation between H4ZY.DE and H41G.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2022 | 0.81 |
The correlation between H4ZY.DE and H41G.DE has been stable across timeframes, ranging from 0.79 to 0.81 - a consistent structural relationship.
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Return for Risk
H4ZY.DE vs. H41G.DE — Risk / Return Rank
H4ZY.DE
H41G.DE
H4ZY.DE vs. H41G.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 MSCI World Small Cap ESG UCITS ETF USD (Acc) (H41G.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.
| H4ZY.DE | H41G.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.34 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | 3.12 | +0.50 |
| Martin ratioReturn relative to average drawdown | 14.34 | 12.19 | +2.15 |
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Drawdowns
H4ZY.DE vs. H41G.DE - Drawdown Comparison
The maximum H4ZY.DE drawdown since its inception was -21.94%, smaller than the maximum H41G.DE drawdown of -24.84%. Use the drawdown chart below to compare losses from any high point for H4ZY.DE and H41G.DE.
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Drawdown Indicators
| H4ZY.DE | H41G.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.94% | -24.84% | +2.90% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -8.12% | +1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -21.94% | -24.84% | +2.90% |
Current DrawdownCurrent decline from peak | -0.23% | -1.51% | +1.28% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -4.74% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 2.08% | -0.43% |
Volatility
H4ZY.DE vs. H41G.DE - Volatility Comparison
The current volatility for HSBC MSCI World UCITS ETF USD (Acc) (H4ZY.DE) is 2.44%, while HSBC MSCI World Small Cap ESG UCITS ETF USD (Acc) (H41G.DE) has a volatility of 3.77%. This indicates that H4ZY.DE experiences smaller price fluctuations and is considered to be less risky than H41G.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 | H41G.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.44% | 3.77% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 8.10% | 10.31% | -2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.48% | 13.69% | -2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.43% | 15.69% | -2.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.43% | 15.69% | -2.26% |
H4ZY.DE vs. H41G.DE - Expense Ratio Comparison
H4ZY.DE has a 0.15% expense ratio, which is lower than H41G.DE's 0.25% 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. H41G.DE - Dividend Comparison
Neither H4ZY.DE nor H41G.DE has paid dividends to shareholders.
Frequently Asked Questions
H4ZY.DE and H41G.DE have a correlation of 0.79, 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 0.25% for H41G.DE.
H4ZY.DE tracks MSCI World, while H41G.DE tracks MSCI World Small Cap SRI ESG Leaders Select. Their fees differ too: 0.15% for H4ZY.DE and 0.25% for H41G.DE.
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