H4ZY.DE vs. H4Z6.DE
H4ZY.DE (HSBC MSCI World UCITS ETF USD (Acc)) and H4Z6.DE (HSBC MSCI China UCITS ETF USD (Acc)) are both exchange-traded funds - H4ZY.DE is a Global Equities fund tracking the MSCI World, while H4Z6.DE is a China Equities fund tracking the MSCI China. Both are passively managed. Over the past 3 years, H4ZY.DE returned 17.59%/yr vs 7.78%/yr for H4Z6.DE. At a 0.31 correlation, their price movements are largely independent. H4ZY.DE charges 0.15%/yr vs 0.28%/yr for H4Z6.DE.
Performance
H4ZY.DE vs. H4Z6.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 higher than H4Z6.DE's -6.53% return.
H4ZY.DE
- 1D
- -0.02%
- 1M
- 3.67%
- YTD
- 10.90%
- 6M
- 10.95%
- 1Y
- 23.84%
- 3Y*
- 17.59%
- 5Y*
- —
- 10Y*
- —
H4Z6.DE
- 1D
- -0.38%
- 1M
- -3.35%
- YTD
- -6.53%
- 6M
- -9.01%
- 1Y
- 2.78%
- 3Y*
- 7.78%
- 5Y*
- —
- 10Y*
- —
H4ZY.DE vs. H4Z6.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% | -5.51% |
H4Z6.DE HSBC MSCI China UCITS ETF USD (Acc) | -6.53% | 16.48% | 27.04% | -14.63% | -10.19% |
Correlation
The correlation between H4ZY.DE and H4Z6.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2022 | 0.31 |
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Return for Risk
H4ZY.DE vs. H4Z6.DE — Risk / Return Rank
H4ZY.DE
H4Z6.DE
H4ZY.DE vs. H4Z6.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 China UCITS ETF USD (Acc) (H4Z6.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 | H4Z6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.98 | ||
| Sortino ratioReturn per unit of downside risk | +2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.04 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 0.18 | +3.45 |
| Martin ratioReturn relative to average drawdown | 14.48 | 0.38 | +14.10 |
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 | H4Z6.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 0.17 | +1.98 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.06 | +1.06 |
Drawdowns
H4ZY.DE vs. H4Z6.DE - Drawdown Comparison
The maximum H4ZY.DE drawdown since its inception was -21.94%, smaller than the maximum H4Z6.DE drawdown of -33.47%. Use the drawdown chart below to compare losses from any high point for H4ZY.DE and H4Z6.DE.
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Drawdown Indicators
| H4ZY.DE | H4Z6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.94% | -33.47% | +11.53% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -16.85% | +10.30% |
Max Drawdown (3Y)Largest decline over 3 years | -21.94% | -24.47% | +2.53% |
Current DrawdownCurrent decline from peak | -0.32% | -14.82% | +14.50% |
Average DrawdownAverage peak-to-trough decline | -3.60% | -13.91% | +10.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 8.17% | -6.52% |
Volatility
H4ZY.DE vs. H4Z6.DE - Volatility Comparison
The current volatility for HSBC MSCI World UCITS ETF USD (Acc) (H4ZY.DE) is 2.62%, while HSBC MSCI China UCITS ETF USD (Acc) (H4Z6.DE) has a volatility of 7.23%. This indicates that H4ZY.DE experiences smaller price fluctuations and is considered to be less risky than H4Z6.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 | H4Z6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 7.23% | -4.61% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 13.11% | -5.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.09% | 18.60% | -7.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.49% | 25.28% | -11.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.49% | 25.28% | -11.79% |
H4ZY.DE vs. H4Z6.DE - Expense Ratio Comparison
H4ZY.DE has a 0.15% expense ratio, which is lower than H4Z6.DE's 0.28% expense ratio.
Dividends
H4ZY.DE vs. H4Z6.DE - Dividend Comparison
Neither H4ZY.DE nor H4Z6.DE has paid dividends to shareholders.
Frequently Asked Questions
H4ZY.DE and H4Z6.DE have a correlation of 0.41, 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 0.28% for H4Z6.DE.
H4ZY.DE is categorized as Global Equities, while H4Z6.DE is China Equities. H4ZY.DE tracks MSCI World, while H4Z6.DE tracks MSCI China. Their fees differ too: 0.15% for H4ZY.DE and 0.28% for H4Z6.DE.
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