M9SV.DE vs. H4Z6.DE
M9SV.DE (Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR) and H4Z6.DE (HSBC MSCI China UCITS ETF USD (Acc)) are both China Equities funds - M9SV.DE tracks the STOXX China A 900 Minimum Variance Unconstrained AM Index while H4Z6.DE tracks the MSCI China. Both are passively managed. Over the past 3 years, M9SV.DE returned 6.93%/yr vs 6.89%/yr for H4Z6.DE. At a 0.44 correlation, their price movements are largely independent. M9SV.DE charges 0.45%/yr vs 0.28%/yr for H4Z6.DE.
Performance
M9SV.DE vs. H4Z6.DE - Performance Comparison
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Returns By Period
In the year-to-date period, M9SV.DE achieves a -4.50% return, which is significantly higher than H4Z6.DE's -8.90% return.
M9SV.DE
- 1D
- -1.69%
- 1M
- -4.54%
- 6M
- -6.05%
- YTD
- -4.50%
- 1Y
- 0.43%
- 3Y*
- 6.93%
- 5Y*
- 4.55%
- 10Y*
- —
H4Z6.DE
- 1D
- 0.00%
- 1M
- -1.65%
- 6M
- -13.71%
- YTD
- -8.90%
- 1Y
- -1.52%
- 3Y*
- 6.89%
- 5Y*
- —
- 10Y*
- —
M9SV.DE vs. H4Z6.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
M9SV.DE Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR | -4.50% | -5.32% | 37.47% | 2.90% | -7.35% |
H4Z6.DE HSBC MSCI China UCITS ETF USD (Acc) | -8.90% | 16.48% | 27.04% | -14.63% | -10.11% |
Correlation
The correlation between M9SV.DE and H4Z6.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2022 | 0.44 |
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Return for Risk
M9SV.DE vs. H4Z6.DE — Risk / Return Rank
M9SV.DE
H4Z6.DE
M9SV.DE vs. H4Z6.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR (M9SV.DE) and HSBC MSCI China UCITS ETF USD (Acc) (H4Z6.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| M9SV.DE | H4Z6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.00 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | -0.07 | +0.25 |
| Martin ratioReturn relative to average drawdown | 0.41 | -0.15 | +0.56 |
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Drawdowns
M9SV.DE vs. H4Z6.DE - Drawdown Comparison
The maximum M9SV.DE drawdown since its inception was -23.79%, smaller than the maximum H4Z6.DE drawdown of -33.47%. Use the drawdown chart below to compare losses from any high point for M9SV.DE and H4Z6.DE.
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Drawdown Indicators
| M9SV.DE | H4Z6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.79% | -33.47% | +9.68% |
Max Drawdown (1Y)Largest decline over 1 year | -7.48% | -21.03% | +13.55% |
Max Drawdown (3Y)Largest decline over 3 years | -23.79% | -24.47% | +0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -23.79% | — | — |
Current DrawdownCurrent decline from peak | -17.81% | -16.99% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -9.52% | -14.03% | +4.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 10.19% | -6.98% |
Volatility
M9SV.DE vs. H4Z6.DE - Volatility Comparison
The current volatility for Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR (M9SV.DE) is 3.73%, while HSBC MSCI China UCITS ETF USD (Acc) (H4Z6.DE) has a volatility of 5.43%. This indicates that M9SV.DE experiences smaller price fluctuations and is considered to be less risky than H4Z6.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| M9SV.DE | H4Z6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 5.43% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 7.51% | 13.56% | -6.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.20% | 19.21% | -8.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.43% | 25.15% | -4.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.49% | 25.15% | -3.66% |
M9SV.DE vs. H4Z6.DE - Expense Ratio Comparison
M9SV.DE has a 0.45% expense ratio, which is higher than H4Z6.DE's 0.28% expense ratio.
Dividends
M9SV.DE vs. H4Z6.DE - Dividend Comparison
Neither M9SV.DE nor H4Z6.DE has paid dividends to shareholders.
Frequently Asked Questions
M9SV.DE and H4Z6.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4Z6.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4Z6.DE is cheaper with a 0.28% expense ratio, compared with 0.45% for M9SV.DE.
M9SV.DE tracks STOXX China A 900 Minimum Variance Unconstrained AM Index, while H4Z6.DE tracks MSCI China. They also come from different issuers: Market Access and HSBC. Their fees differ too: 0.45% for M9SV.DE and 0.28% for H4Z6.DE.
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