VGVE.DE vs. H4ZJ.DE
VGVE.DE (Vanguard FTSE Developed World UCITS ETF Distributing) and H4ZJ.DE (HSBC MSCI World UCITS ETF USD) are both Global Equities funds - VGVE.DE tracks the FTSE Developed while H4ZJ.DE tracks the MSCI World. Both are passively managed. Over the past 5 years, VGVE.DE returned 12.95%/yr vs 13.87%/yr for H4ZJ.DE. With a 0.99 correlation, they move nearly in lockstep. VGVE.DE charges 0.12%/yr vs 0.15%/yr for H4ZJ.DE.
Performance
VGVE.DE vs. H4ZJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGVE.DE achieves a 12.54% return, which is significantly higher than H4ZJ.DE's 10.86% return.
VGVE.DE
- 1D
- -0.18%
- 1M
- 5.25%
- YTD
- 12.54%
- 6M
- 13.19%
- 1Y
- 26.14%
- 3Y*
- 18.04%
- 5Y*
- 12.95%
- 10Y*
- —
H4ZJ.DE
- 1D
- -0.34%
- 1M
- 4.80%
- YTD
- 10.86%
- 6M
- 11.35%
- 1Y
- 24.00%
- 3Y*
- 18.46%
- 5Y*
- 13.87%
- 10Y*
- 14.71%
VGVE.DE vs. H4ZJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGVE.DE Vanguard FTSE Developed World UCITS ETF Distributing | 12.54% | 8.78% | 24.92% | 19.91% | -13.71% | 31.39% | 5.44% | 30.68% | -5.85% | 2.00% |
H4ZJ.DE HSBC MSCI World UCITS ETF USD | 10.86% | 8.00% | 26.94% | 22.28% | -13.11% | 35.34% | 7.78% | 34.57% | -2.46% | 2.03% |
Correlation
The correlation between VGVE.DE and H4ZJ.DE is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.99 |
The correlation between VGVE.DE and H4ZJ.DE has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
VGVE.DE vs. H4ZJ.DE — Risk / Return Rank
VGVE.DE
H4ZJ.DE
VGVE.DE vs. H4ZJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed World UCITS ETF Distributing (VGVE.DE) and HSBC MSCI World UCITS ETF USD (H4ZJ.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.
| VGVE.DE | H4ZJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.40 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.15 | 3.61 | +0.54 |
| Martin ratioReturn relative to average drawdown | 17.12 | 14.41 | +2.71 |
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
| VGVE.DE | H4ZJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 2.13 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.97 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.97 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.93 | -0.14 |
Drawdowns
VGVE.DE vs. H4ZJ.DE - Drawdown Comparison
The maximum VGVE.DE drawdown since its inception was -33.63%, roughly equal to the maximum H4ZJ.DE drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for VGVE.DE and H4ZJ.DE.
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Drawdown Indicators
| VGVE.DE | H4ZJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -33.60% | -0.03% |
Max Drawdown (1Y)Largest decline over 1 year | -6.27% | -6.59% | +0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -21.26% | -21.65% | +0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -21.26% | -21.65% | +0.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.60% | — |
Current DrawdownCurrent decline from peak | -0.58% | -0.34% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -4.02% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.66% | -0.14% |
Volatility
VGVE.DE vs. H4ZJ.DE - Volatility Comparison
Vanguard FTSE Developed World UCITS ETF Distributing (VGVE.DE) and HSBC MSCI World UCITS ETF USD (H4ZJ.DE) have volatilities of 2.88% and 2.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGVE.DE | H4ZJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 2.77% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 7.93% | 7.73% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.23% | 11.24% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 14.14% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.63% | 15.05% | +0.58% |
VGVE.DE vs. H4ZJ.DE - Expense Ratio Comparison
VGVE.DE has a 0.12% expense ratio, which is lower than H4ZJ.DE's 0.15% 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
VGVE.DE vs. H4ZJ.DE - Dividend Comparison
VGVE.DE's dividend yield for the trailing twelve months is around 1.06%, less than H4ZJ.DE's 1.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H4ZJ.DE HSBC MSCI World UCITS ETF USD | 1.16% | 1.28% | 2.06% | 3.02% | 2.65% | 2.73% | 3.30% | 4.02% | 4.71% | 3.58% | 4.02% | 3.46% |
VGVE.DE Vanguard FTSE Developed World UCITS ETF Distributing | 1.06% | 1.22% | 1.36% | 1.59% | 1.93% | 1.22% | 1.40% | 1.67% | 1.95% | 0.34% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, VGVE.DE and H4ZJ.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, VGVE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGVE.DE is cheaper with a 0.12% expense ratio, compared with 0.15% for H4ZJ.DE.
VGVE.DE tracks FTSE Developed, while H4ZJ.DE tracks MSCI World. They also come from different issuers: Vanguard and HSBC. Their fees differ too: 0.12% for VGVE.DE and 0.15% for H4ZJ.DE.
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