H4ZY.DE vs. IQQI.DE
H4ZY.DE (HSBC MSCI World UCITS ETF USD (Acc)) and IQQI.DE (iShares Global Infrastructure UCITS ETF) are both Global Equities funds - H4ZY.DE tracks the MSCI World while IQQI.DE tracks the FTSE Global Core Infrastructure Index. Both are passively managed. Over the past 3 years, H4ZY.DE returned 17.59%/yr vs 8.46%/yr for IQQI.DE. At a 0.43 correlation, their price movements are largely independent. H4ZY.DE charges 0.15%/yr vs 0.65%/yr for IQQI.DE.
Performance
H4ZY.DE vs. IQQI.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with H4ZY.DE having a 10.90% return and IQQI.DE slightly lower at 10.36%.
H4ZY.DE
- 1D
- -0.02%
- 1M
- 3.67%
- YTD
- 10.90%
- 6M
- 10.95%
- 1Y
- 23.84%
- 3Y*
- 17.59%
- 5Y*
- —
- 10Y*
- —
IQQI.DE
- 1D
- -1.37%
- 1M
- -1.18%
- YTD
- 10.36%
- 6M
- 9.16%
- 1Y
- 13.12%
- 3Y*
- 8.46%
- 5Y*
- 6.76%
- 10Y*
- 6.89%
H4ZY.DE vs. IQQI.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% |
IQQI.DE iShares Global Infrastructure UCITS ETF | 10.36% | 0.54% | 14.51% | -3.16% | -6.01% |
Correlation
The correlation between H4ZY.DE and IQQI.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.43 |
Over the past year, the correlation between H4ZY.DE and IQQI.DE has dropped to 0.20 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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Return for Risk
H4ZY.DE vs. IQQI.DE — Risk / Return Rank
H4ZY.DE
IQQI.DE
H4ZY.DE vs. IQQI.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 Global Infrastructure UCITS ETF (IQQI.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 | IQQI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.20 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 2.55 | +1.09 |
| Martin ratioReturn relative to average drawdown | 14.48 | 6.21 | +8.27 |
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 | IQQI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 1.17 | +0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.53 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.33 | +0.79 |
Drawdowns
H4ZY.DE vs. IQQI.DE - Drawdown Comparison
The maximum H4ZY.DE drawdown since its inception was -21.94%, smaller than the maximum IQQI.DE drawdown of -42.25%. Use the drawdown chart below to compare losses from any high point for H4ZY.DE and IQQI.DE.
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Drawdown Indicators
| H4ZY.DE | IQQI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.94% | -42.25% | +20.31% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -4.81% | -1.74% |
Max Drawdown (3Y)Largest decline over 3 years | -21.94% | -14.76% | -7.18% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.15% | — |
Current DrawdownCurrent decline from peak | -0.32% | -3.21% | +2.89% |
Average DrawdownAverage peak-to-trough decline | -3.60% | -11.06% | +7.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.98% | -0.33% |
Volatility
H4ZY.DE vs. IQQI.DE - Volatility Comparison
The current volatility for HSBC MSCI World UCITS ETF USD (Acc) (H4ZY.DE) is 2.62%, while iShares Global Infrastructure UCITS ETF (IQQI.DE) has a volatility of 3.88%. This indicates that H4ZY.DE experiences smaller price fluctuations and is considered to be less risky than IQQI.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 | IQQI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 3.88% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 8.71% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.09% | 10.48% | +0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.49% | 12.70% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.49% | 14.23% | -0.74% |
H4ZY.DE vs. IQQI.DE - Expense Ratio Comparison
H4ZY.DE has a 0.15% expense ratio, which is lower than IQQI.DE's 0.65% expense ratio.
Dividends
H4ZY.DE vs. IQQI.DE - Dividend Comparison
H4ZY.DE has not paid dividends to shareholders, while IQQI.DE's dividend yield for the trailing twelve months is around 2.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H4ZY.DE HSBC MSCI World UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IQQI.DE iShares Global Infrastructure UCITS ETF | 2.09% | 2.30% | 2.28% | 2.42% | 2.14% | 1.85% | 2.25% | 2.05% | 2.30% | 2.76% | 2.64% | 3.14% |
Frequently Asked Questions
H4ZY.DE and IQQI.DE have a correlation of 0.20, 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 0.65% for IQQI.DE.
H4ZY.DE tracks MSCI World, while IQQI.DE tracks FTSE Global Core Infrastructure Index. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.15% for H4ZY.DE and 0.65% for IQQI.DE.
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