RQFI.DE vs. H4ZP.DE
RQFI.DE (Xtrackers Harvest CSI 300 UCITS ETF 1D) and H4ZP.DE (HSBC MSCI China UCITS ETF USD) are both China Equities funds - RQFI.DE tracks the MSCI China A Onshore NR CNY while H4ZP.DE tracks the MSCI China. Both are passively managed. Over the past 10 years, RQFI.DE returned 5.34%/yr vs 4.72%/yr for H4ZP.DE. A 0.71 correlation means they provide meaningful diversification when combined. RQFI.DE charges 0.65%/yr vs 0.28%/yr for H4ZP.DE.
Performance
RQFI.DE vs. H4ZP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, RQFI.DE achieves a 10.42% return, which is significantly higher than H4ZP.DE's -6.53% return. Over the past 10 years, RQFI.DE has outperformed H4ZP.DE with an annualized return of 5.34%, while H4ZP.DE has yielded a comparatively lower 4.72% annualized return.
RQFI.DE
- 1D
- -0.67%
- 1M
- 1.50%
- YTD
- 10.42%
- 6M
- 12.27%
- 1Y
- 34.46%
- 3Y*
- 9.38%
- 5Y*
- -0.26%
- 10Y*
- 5.34%
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%
RQFI.DE vs. H4ZP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RQFI.DE Xtrackers Harvest CSI 300 UCITS ETF 1D | 10.42% | 11.14% | 22.25% | -16.68% | -21.96% | 7.77% | 24.32% | 37.46% | -24.88% | 16.25% |
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 RQFI.DE and H4ZP.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2014 | 0.71 |
The correlation between RQFI.DE and H4ZP.DE has been stable across timeframes, ranging from 0.63 to 0.73 - a consistent structural relationship.
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Return for Risk
RQFI.DE vs. H4ZP.DE — Risk / Return Rank
RQFI.DE
H4ZP.DE
RQFI.DE vs. H4ZP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Harvest CSI 300 UCITS ETF 1D (RQFI.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.
| RQFI.DE | H4ZP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.06 | ||
| Sortino ratioReturn per unit of downside risk | +2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.04 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 5.91 | 0.19 | +5.72 |
| Martin ratioReturn relative to average drawdown | 15.55 | 0.39 | +15.16 |
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
| RQFI.DE | H4ZP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 0.17 | +2.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | -0.14 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.19 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.19 | +0.12 |
Drawdowns
RQFI.DE vs. H4ZP.DE - Drawdown Comparison
The maximum RQFI.DE drawdown since its inception was -51.79%, smaller than the maximum H4ZP.DE drawdown of -55.74%. Use the drawdown chart below to compare losses from any high point for RQFI.DE and H4ZP.DE.
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Drawdown Indicators
| RQFI.DE | H4ZP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.79% | -55.74% | +3.95% |
Max Drawdown (1Y)Largest decline over 1 year | -5.82% | -16.83% | +11.01% |
Max Drawdown (3Y)Largest decline over 3 years | -27.48% | -24.56% | -2.92% |
Max Drawdown (5Y)Largest decline over 5 years | -41.44% | -49.16% | +7.72% |
Max Drawdown (10Y)Largest decline over 10 years | -45.24% | -55.74% | +10.50% |
Current DrawdownCurrent decline from peak | -11.80% | -31.17% | +19.37% |
Average DrawdownAverage peak-to-trough decline | -27.06% | -23.08% | -3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 8.15% | -5.94% |
Volatility
RQFI.DE vs. H4ZP.DE - Volatility Comparison
The current volatility for Xtrackers Harvest CSI 300 UCITS ETF 1D (RQFI.DE) is 5.89%, while HSBC MSCI China UCITS ETF USD (H4ZP.DE) has a volatility of 7.30%. This indicates that RQFI.DE experiences smaller price fluctuations and is considered to be less risky 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
| RQFI.DE | H4ZP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 7.30% | -1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 10.42% | 13.14% | -2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.40% | 18.46% | -3.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.96% | 27.70% | -6.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.82% | 25.25% | -3.43% |
RQFI.DE vs. H4ZP.DE - Expense Ratio Comparison
RQFI.DE has a 0.65% expense ratio, which is higher than H4ZP.DE's 0.28% expense ratio.
Dividends
RQFI.DE vs. H4ZP.DE - Dividend Comparison
RQFI.DE's dividend yield for the trailing twelve months is around 1.44%, less than H4ZP.DE's 2.14% yield.
| 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% |
RQFI.DE Xtrackers Harvest CSI 300 UCITS ETF 1D | 1.44% | 1.84% | 1.40% | 1.98% | 1.97% | 0.90% | 1.32% | 0.75% | 2.31% | 2.00% | 1.81% | 0.37% |
Frequently Asked Questions
RQFI.DE and H4ZP.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 RQFI.DE.
RQFI.DE tracks MSCI China A Onshore NR CNY, while H4ZP.DE tracks MSCI China. They also come from different issuers: Xtrackers and HSBC. Their fees differ too: 0.65% for RQFI.DE and 0.28% for H4ZP.DE.
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