LCHI.DE vs. H4ZP.DE
LCHI.DE (Amundi MSCI China ESG Leaders Extra UCITS ETF Acc) and H4ZP.DE (HSBC MSCI China UCITS ETF USD) are both China Equities funds - LCHI.DE tracks the MSCI China Select ESG Rating and Trend Leaders while H4ZP.DE tracks the MSCI China. Both are passively managed. Over the past 10 years, LCHI.DE returned -0.61%/yr vs 4.72%/yr for H4ZP.DE. Their correlation of 0.92 suggests significant overlap in exposure. LCHI.DE charges 0.65%/yr vs 0.28%/yr for H4ZP.DE.
Performance
LCHI.DE vs. H4ZP.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with LCHI.DE having a -6.56% return and H4ZP.DE slightly higher at -6.53%. Over the past 10 years, LCHI.DE has underperformed H4ZP.DE with an annualized return of -0.61%, while H4ZP.DE has yielded a comparatively higher 4.72% annualized return.
LCHI.DE
- 1D
- -0.66%
- 1M
- -2.44%
- YTD
- -6.56%
- 6M
- -9.08%
- 1Y
- 3.00%
- 3Y*
- 6.79%
- 5Y*
- -6.02%
- 10Y*
- -0.61%
H4ZP.DE
- 1D
- -0.23%
- 1M
- -3.31%
- YTD
- -6.53%
- 6M
- -9.00%
- 1Y
- 2.93%
- 3Y*
- 8.20%
- 5Y*
- -4.00%
- 10Y*
- 4.72%
LCHI.DE vs. H4ZP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LCHI.DE Amundi MSCI China ESG Leaders Extra UCITS ETF Acc | -6.56% | 21.51% | 20.39% | -16.01% | -18.45% | -19.46% | -11.07% | 17.62% | -8.07% | 11.65% |
H4ZP.DE HSBC MSCI China UCITS ETF USD | -6.53% | 16.54% | 28.55% | -14.47% | -15.34% | -16.86% | 15.20% | 26.76% | -16.09% | 35.18% |
Correlation
The correlation between LCHI.DE and H4ZP.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2013 | 0.92 |
The correlation between LCHI.DE and H4ZP.DE has been stable across timeframes, ranging from 0.92 to 0.98 - a consistent structural relationship.
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Return for Risk
LCHI.DE vs. H4ZP.DE — Risk / Return Rank
LCHI.DE
H4ZP.DE
LCHI.DE vs. H4ZP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI China ESG Leaders Extra UCITS ETF Acc (LCHI.DE) and HSBC MSCI China UCITS ETF USD (H4ZP.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.
| LCHI.DE | H4ZP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.04 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 0.19 | 0.00 |
| Martin ratioReturn relative to average drawdown | 0.37 | 0.39 | -0.02 |
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
| LCHI.DE | H4ZP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 0.17 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | -0.14 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.02 | 0.19 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.19 | -0.10 |
Drawdowns
LCHI.DE vs. H4ZP.DE - Drawdown Comparison
The maximum LCHI.DE drawdown since its inception was -70.36%, which is greater than H4ZP.DE's maximum drawdown of -55.74%. Use the drawdown chart below to compare losses from any high point for LCHI.DE and H4ZP.DE.
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Drawdown Indicators
| LCHI.DE | H4ZP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.36% | -55.74% | -14.62% |
Max Drawdown (1Y)Largest decline over 1 year | -17.61% | -16.83% | -0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -26.53% | -24.56% | -1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -53.34% | -49.16% | -4.18% |
Max Drawdown (10Y)Largest decline over 10 years | -58.24% | -55.74% | -2.50% |
Current DrawdownCurrent decline from peak | -45.52% | -31.17% | -14.35% |
Average DrawdownAverage peak-to-trough decline | -35.43% | -23.08% | -12.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.13% | 8.15% | +0.98% |
Volatility
LCHI.DE vs. H4ZP.DE - Volatility Comparison
Amundi MSCI China ESG Leaders Extra UCITS ETF Acc (LCHI.DE) has a higher volatility of 7.94% compared to HSBC MSCI China UCITS ETF USD (H4ZP.DE) at 7.30%. This indicates that LCHI.DE's price experiences larger fluctuations and is considered to be riskier than H4ZP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LCHI.DE | H4ZP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.94% | 7.30% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 14.06% | 13.14% | +0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.12% | 18.46% | +1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.07% | 27.70% | +1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.29% | 25.25% | +0.04% |
LCHI.DE vs. H4ZP.DE - Expense Ratio Comparison
LCHI.DE has a 0.65% expense ratio, which is higher than H4ZP.DE's 0.28% expense ratio.
Dividends
LCHI.DE vs. H4ZP.DE - Dividend Comparison
LCHI.DE has not paid dividends to shareholders, while H4ZP.DE's dividend yield for the trailing twelve months is around 2.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H4ZP.DE HSBC MSCI China UCITS ETF USD | 2.14% | 2.39% | 3.10% | 2.10% | 1.97% | 1.28% | 0.96% | 1.57% | 1.40% | 0.78% | 1.97% | 2.89% |
LCHI.DE Amundi MSCI China ESG Leaders Extra UCITS ETF 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% |
Frequently Asked Questions
With a correlation of 0.98, LCHI.DE and H4ZP.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, H4ZP.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZP.DE is cheaper with a 0.28% expense ratio, compared with 0.65% for LCHI.DE.
LCHI.DE tracks MSCI China Select ESG Rating and Trend Leaders, while H4ZP.DE tracks MSCI China. They also come from different issuers: Amundi and HSBC. Their fees differ too: 0.65% for LCHI.DE and 0.28% for H4ZP.DE.
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