H4ZY.DE vs. HGGA.DE
H4ZY.DE (HSBC MSCI World UCITS ETF USD (Acc)) and HGGA.DE (HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF) are both exchange-traded funds - H4ZY.DE is a Global Equities fund tracking the MSCI World, while HGGA.DE is a Global Bonds fund tracking the Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted. Both are passively managed. Over the past 3 years, H4ZY.DE returned 17.59%/yr vs 0.90%/yr for HGGA.DE. At a 0.10 correlation, their price movements are largely independent. H4ZY.DE charges 0.15%/yr vs 0.18%/yr for HGGA.DE.
Performance
H4ZY.DE vs. HGGA.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 HGGA.DE's 1.31% return.
H4ZY.DE
- 1D
- -0.02%
- 1M
- 3.67%
- YTD
- 10.90%
- 6M
- 10.95%
- 1Y
- 23.84%
- 3Y*
- 17.59%
- 5Y*
- —
- 10Y*
- —
HGGA.DE
- 1D
- 0.00%
- 1M
- 0.50%
- YTD
- 1.31%
- 6M
- 0.88%
- 1Y
- 0.39%
- 3Y*
- 0.90%
- 5Y*
- —
- 10Y*
- —
H4ZY.DE vs. HGGA.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% |
HGGA.DE HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF | 1.31% | -4.17% | 5.69% | 0.16% | -4.96% |
Correlation
The correlation between H4ZY.DE and HGGA.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.10 |
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Return for Risk
H4ZY.DE vs. HGGA.DE — Risk / Return Rank
H4ZY.DE
HGGA.DE
H4ZY.DE vs. HGGA.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 Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.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 | HGGA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.10 | ||
| Sortino ratioReturn per unit of downside risk | +2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.01 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 0.08 | +3.55 |
| Martin ratioReturn relative to average drawdown | 14.48 | 0.17 | +14.31 |
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 | HGGA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 0.05 | +2.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.04 | +1.08 |
Drawdowns
H4ZY.DE vs. HGGA.DE - Drawdown Comparison
The maximum H4ZY.DE drawdown since its inception was -21.94%, which is greater than HGGA.DE's maximum drawdown of -8.58%. Use the drawdown chart below to compare losses from any high point for H4ZY.DE and HGGA.DE.
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Drawdown Indicators
| H4ZY.DE | HGGA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.94% | -8.58% | -13.36% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -2.04% | -4.51% |
Max Drawdown (3Y)Largest decline over 3 years | -21.94% | -6.78% | -15.16% |
Current DrawdownCurrent decline from peak | -0.32% | -4.56% | +4.24% |
Average DrawdownAverage peak-to-trough decline | -3.60% | -4.18% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.02% | +0.63% |
Volatility
H4ZY.DE vs. HGGA.DE - Volatility Comparison
HSBC MSCI World UCITS ETF USD (Acc) (H4ZY.DE) has a higher volatility of 2.62% compared to HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.DE) at 0.53%. This indicates that H4ZY.DE's price experiences larger fluctuations and is considered to be riskier than HGGA.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 | HGGA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 0.53% | +2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 2.33% | +5.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.09% | 3.42% | +7.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.49% | 4.98% | +8.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.49% | 4.98% | +8.51% |
H4ZY.DE vs. HGGA.DE - Expense Ratio Comparison
H4ZY.DE has a 0.15% expense ratio, which is lower than HGGA.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. HGGA.DE - Dividend Comparison
Neither H4ZY.DE nor HGGA.DE has paid dividends to shareholders.
Frequently Asked Questions
H4ZY.DE and HGGA.DE have a correlation of 0.18, 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 0.18% for HGGA.DE.
H4ZY.DE is categorized as Global Equities, while HGGA.DE is Global Bonds. H4ZY.DE tracks MSCI World, while HGGA.DE tracks Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted. Their fees differ too: 0.15% for H4ZY.DE and 0.18% for HGGA.DE.
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