H4ZY.DE vs. JPGL.DE
H4ZY.DE (HSBC MSCI World UCITS ETF USD (Acc)) and JPGL.DE (JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating) are both Global Equities funds - H4ZY.DE tracks the MSCI World while JPGL.DE tracks the JP Morgan Diversified Factor Global Developed (Region Aware) Equity. Both are passively managed. Over the past 3 years, H4ZY.DE returned 17.59%/yr vs 13.57%/yr for JPGL.DE. Their correlation of 0.80 suggests significant overlap in exposure. H4ZY.DE charges 0.15%/yr vs 0.20%/yr for JPGL.DE.
Performance
H4ZY.DE vs. JPGL.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 JPGL.DE's 11.57% return.
H4ZY.DE
- 1D
- -0.02%
- 1M
- 3.67%
- YTD
- 10.90%
- 6M
- 10.95%
- 1Y
- 23.84%
- 3Y*
- 17.59%
- 5Y*
- —
- 10Y*
- —
JPGL.DE
- 1D
- -0.10%
- 1M
- 2.54%
- YTD
- 11.57%
- 6M
- 11.95%
- 1Y
- 19.90%
- 3Y*
- 13.57%
- 5Y*
- 10.25%
- 10Y*
- —
H4ZY.DE vs. JPGL.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% |
JPGL.DE JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating | 11.57% | 5.18% | 16.53% | 9.74% | -2.32% |
Correlation
The correlation between H4ZY.DE and JPGL.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.80 |
The correlation between H4ZY.DE and JPGL.DE shifts across timeframes, from 0.69 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
H4ZY.DE vs. JPGL.DE — Risk / Return Rank
H4ZY.DE
JPGL.DE
H4ZY.DE vs. JPGL.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 JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.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 | JPGL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.40 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 4.10 | -0.47 |
| Martin ratioReturn relative to average drawdown | 14.48 | 15.50 | -1.02 |
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 | JPGL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 2.28 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.68 | +0.45 |
Drawdowns
H4ZY.DE vs. JPGL.DE - Drawdown Comparison
The maximum H4ZY.DE drawdown since its inception was -21.94%, smaller than the maximum JPGL.DE drawdown of -35.55%. Use the drawdown chart below to compare losses from any high point for H4ZY.DE and JPGL.DE.
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Drawdown Indicators
| H4ZY.DE | JPGL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.94% | -35.55% | +13.61% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -4.75% | -1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -21.94% | -17.34% | -4.60% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.34% | — |
Current DrawdownCurrent decline from peak | -0.32% | -0.10% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -3.60% | -4.81% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.26% | +0.39% |
Volatility
H4ZY.DE vs. JPGL.DE - Volatility Comparison
HSBC MSCI World UCITS ETF USD (Acc) (H4ZY.DE) has a higher volatility of 2.62% compared to JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.DE) at 2.06%. This indicates that H4ZY.DE's price experiences larger fluctuations and is considered to be riskier than JPGL.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 | JPGL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 2.06% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 6.02% | +1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.09% | 8.55% | +2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.49% | 11.86% | +1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.49% | 15.01% | -1.52% |
H4ZY.DE vs. JPGL.DE - Expense Ratio Comparison
H4ZY.DE has a 0.15% expense ratio, which is lower than JPGL.DE's 0.20% 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. JPGL.DE - Dividend Comparison
Neither H4ZY.DE nor JPGL.DE has paid dividends to shareholders.
Frequently Asked Questions
H4ZY.DE and JPGL.DE have a correlation of 0.69, 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 0.20% for JPGL.DE.
H4ZY.DE tracks MSCI World, while JPGL.DE tracks JP Morgan Diversified Factor Global Developed (Region Aware) Equity. They also come from different issuers: HSBC and JPMorgan. Their fees differ too: 0.15% for H4ZY.DE and 0.20% for JPGL.DE.
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