H4ZY.DE vs. IUSD.DE
H4ZY.DE (HSBC MSCI World UCITS ETF USD (Acc)) and IUSD.DE (iShares MSCI World Islamic UCITS ETF USD (Dist)) are both Global Equities funds - H4ZY.DE tracks the MSCI World while IUSD.DE tracks the MSCI World Islamic Index. Both are passively managed. Over the past 3 years, H4ZY.DE returned 17.59%/yr vs 15.20%/yr for IUSD.DE. A 0.77 correlation means they provide meaningful diversification when combined. H4ZY.DE charges 0.15%/yr vs 0.60%/yr for IUSD.DE.
Performance
H4ZY.DE vs. IUSD.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 IUSD.DE's 20.34% return.
H4ZY.DE
- 1D
- -0.02%
- 1M
- 3.67%
- YTD
- 10.90%
- 6M
- 10.95%
- 1Y
- 23.84%
- 3Y*
- 17.59%
- 5Y*
- —
- 10Y*
- —
IUSD.DE
- 1D
- -0.49%
- 1M
- 7.71%
- YTD
- 20.34%
- 6M
- 20.25%
- 1Y
- 34.31%
- 3Y*
- 15.20%
- 5Y*
- 19.36%
- 10Y*
- 11.00%
H4ZY.DE vs. IUSD.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% |
IUSD.DE iShares MSCI World Islamic UCITS ETF USD (Dist) | 20.34% | 6.31% | 11.81% | 63.24% | 1.55% |
Correlation
The correlation between H4ZY.DE and IUSD.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.77 |
The correlation between H4ZY.DE and IUSD.DE shifts across timeframes, from 0.77 (all time) to 0.91 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
H4ZY.DE vs. IUSD.DE — Risk / Return Rank
H4ZY.DE
IUSD.DE
H4ZY.DE vs. IUSD.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 MSCI World Islamic UCITS ETF USD (Dist) (IUSD.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 | IUSD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.49 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 7.08 | -3.45 |
| Martin ratioReturn relative to average drawdown | 14.48 | 22.57 | -8.09 |
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 | IUSD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 2.74 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.83 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.63 | +0.49 |
Drawdowns
H4ZY.DE vs. IUSD.DE - Drawdown Comparison
The maximum H4ZY.DE drawdown since its inception was -21.94%, smaller than the maximum IUSD.DE drawdown of -23.82%. Use the drawdown chart below to compare losses from any high point for H4ZY.DE and IUSD.DE.
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Drawdown Indicators
| H4ZY.DE | IUSD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.94% | -23.82% | +1.88% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -4.81% | -1.74% |
Max Drawdown (3Y)Largest decline over 3 years | -21.94% | -22.97% | +1.03% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.97% | — |
Current DrawdownCurrent decline from peak | -0.32% | -0.49% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -3.60% | -3.61% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.51% | +0.14% |
Volatility
H4ZY.DE vs. IUSD.DE - Volatility Comparison
The current volatility for HSBC MSCI World UCITS ETF USD (Acc) (H4ZY.DE) is 2.62%, while iShares MSCI World Islamic UCITS ETF USD (Dist) (IUSD.DE) has a volatility of 3.98%. This indicates that H4ZY.DE experiences smaller price fluctuations and is considered to be less risky than IUSD.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 | IUSD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 3.98% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 9.09% | -1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.09% | 12.41% | -1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.49% | 23.09% | -9.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.49% | 16.93% | -3.44% |
H4ZY.DE vs. IUSD.DE - Expense Ratio Comparison
H4ZY.DE has a 0.15% expense ratio, which is lower than IUSD.DE's 0.60% expense ratio.
Dividends
H4ZY.DE vs. IUSD.DE - Dividend Comparison
H4ZY.DE has not paid dividends to shareholders, while IUSD.DE's dividend yield for the trailing twelve months is around 0.81%.
| 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% |
IUSD.DE iShares MSCI World Islamic UCITS ETF USD (Dist) | 0.81% | 1.00% | 1.26% | 1.47% | 2.75% | 1.80% | 1.55% | 1.94% | 1.57% | 1.45% | 1.45% | 1.60% |
Frequently Asked Questions
H4ZY.DE and IUSD.DE have a correlation of 0.87, 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 0.60% for IUSD.DE.
H4ZY.DE tracks MSCI World, while IUSD.DE tracks MSCI World Islamic Index. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.15% for H4ZY.DE and 0.60% for IUSD.DE.
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