HGGA.DE vs. H4ZY.DE
HGGA.DE (HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF) and H4ZY.DE (HSBC MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - HGGA.DE is a Global Bonds fund tracking the Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted, while H4ZY.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 3 years, HGGA.DE returned 0.90%/yr vs 17.59%/yr for H4ZY.DE. At a 0.10 correlation, their price movements are largely independent. HGGA.DE charges 0.18%/yr vs 0.15%/yr for H4ZY.DE.
Performance
HGGA.DE vs. H4ZY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HGGA.DE achieves a 1.31% return, which is significantly lower than H4ZY.DE's 10.90% return.
HGGA.DE
- 1D
- 0.00%
- 1M
- 0.50%
- YTD
- 1.31%
- 6M
- 0.88%
- 1Y
- 0.39%
- 3Y*
- 0.90%
- 5Y*
- —
- 10Y*
- —
H4ZY.DE
- 1D
- -0.02%
- 1M
- 3.67%
- YTD
- 10.90%
- 6M
- 10.95%
- 1Y
- 23.84%
- 3Y*
- 17.59%
- 5Y*
- —
- 10Y*
- —
HGGA.DE vs. H4ZY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HGGA.DE HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF | 1.31% | -4.17% | 5.69% | 0.16% | -4.96% |
H4ZY.DE HSBC MSCI World UCITS ETF USD (Acc) | 10.90% | 7.98% | 25.90% | 20.32% | -4.03% |
Correlation
The correlation between HGGA.DE and H4ZY.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
HGGA.DE vs. H4ZY.DE — Risk / Return Rank
HGGA.DE
H4ZY.DE
HGGA.DE vs. H4ZY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.DE) and HSBC MSCI World UCITS ETF USD (Acc) (H4ZY.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.
| HGGA.DE | H4ZY.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 | 1.01 | 1.40 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 3.64 | -3.55 |
| Martin ratioReturn relative to average drawdown | 0.17 | 14.48 | -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
| HGGA.DE | H4ZY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | 2.15 | -2.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 1.12 | -1.08 |
Drawdowns
HGGA.DE vs. H4ZY.DE - Drawdown Comparison
The maximum HGGA.DE drawdown since its inception was -8.58%, smaller than the maximum H4ZY.DE drawdown of -21.94%. Use the drawdown chart below to compare losses from any high point for HGGA.DE and H4ZY.DE.
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Drawdown Indicators
| HGGA.DE | H4ZY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.58% | -21.94% | +13.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.04% | -6.55% | +4.51% |
Max Drawdown (3Y)Largest decline over 3 years | -6.78% | -21.94% | +15.16% |
Current DrawdownCurrent decline from peak | -4.56% | -0.32% | -4.24% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -3.60% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.65% | -0.63% |
Volatility
HGGA.DE vs. H4ZY.DE - Volatility Comparison
The current volatility for HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.DE) is 0.53%, while HSBC MSCI World UCITS ETF USD (Acc) (H4ZY.DE) has a volatility of 2.62%. This indicates that HGGA.DE experiences smaller price fluctuations and is considered to be less risky than H4ZY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HGGA.DE | H4ZY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 2.62% | -2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.33% | 7.66% | -5.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.42% | 11.09% | -7.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.98% | 13.49% | -8.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 13.49% | -8.51% |
HGGA.DE vs. H4ZY.DE - Expense Ratio Comparison
HGGA.DE has a 0.18% expense ratio, which is higher than H4ZY.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
HGGA.DE vs. H4ZY.DE - Dividend Comparison
Neither HGGA.DE nor H4ZY.DE has paid dividends to shareholders.
Frequently Asked Questions
HGGA.DE and H4ZY.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.
HGGA.DE is categorized as Global Bonds, while H4ZY.DE is Global Equities. HGGA.DE tracks Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted, while H4ZY.DE tracks MSCI World. Their fees differ too: 0.18% for HGGA.DE and 0.15% for H4ZY.DE.
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