XCHA.DE vs. H4ZP.DE
XCHA.DE (Xtrackers CSI 300 Swap UCITS ETF 1C) and H4ZP.DE (HSBC MSCI China UCITS ETF USD) are both China Equities funds - XCHA.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, XCHA.DE returned 9.08%/yr vs 4.72%/yr for H4ZP.DE. A 0.70 correlation means they provide meaningful diversification when combined. XCHA.DE charges 0.50%/yr vs 0.28%/yr for H4ZP.DE.
Performance
XCHA.DE vs. H4ZP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XCHA.DE achieves a 12.47% return, which is significantly higher than H4ZP.DE's -6.53% return. Over the past 10 years, XCHA.DE has outperformed H4ZP.DE with an annualized return of 9.08%, while H4ZP.DE has yielded a comparatively lower 4.72% annualized return.
XCHA.DE
- 1D
- -0.47%
- 1M
- 2.18%
- YTD
- 12.47%
- 6M
- 14.40%
- 1Y
- 39.55%
- 3Y*
- 12.45%
- 5Y*
- 3.01%
- 10Y*
- 9.08%
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%
XCHA.DE vs. H4ZP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XCHA.DE Xtrackers CSI 300 Swap UCITS ETF 1C | 12.47% | 14.69% | 24.35% | -14.26% | -19.18% | 13.33% | 31.24% | 44.98% | -21.84% | 18.89% |
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 XCHA.DE and H4ZP.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
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 Sep 30, 2013 | 0.70 |
The correlation between XCHA.DE and H4ZP.DE has been stable across timeframes, ranging from 0.67 to 0.73 - a consistent structural relationship.
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Return for Risk
XCHA.DE vs. H4ZP.DE — Risk / Return Rank
XCHA.DE
H4ZP.DE
XCHA.DE vs. H4ZP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.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.
| XCHA.DE | H4ZP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.04 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 0.19 | +2.19 |
| Martin ratioReturn relative to average drawdown | 4.62 | 0.39 | +4.23 |
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
| XCHA.DE | H4ZP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 0.17 | +1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | -0.14 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.19 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.19 | +0.12 |
Drawdowns
XCHA.DE vs. H4ZP.DE - Drawdown Comparison
The maximum XCHA.DE drawdown since its inception was -52.27%, smaller than the maximum H4ZP.DE drawdown of -55.74%. Use the drawdown chart below to compare losses from any high point for XCHA.DE and H4ZP.DE.
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Drawdown Indicators
| XCHA.DE | H4ZP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.27% | -55.74% | +3.47% |
Max Drawdown (1Y)Largest decline over 1 year | -16.43% | -16.83% | +0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -26.32% | -24.56% | -1.76% |
Max Drawdown (5Y)Largest decline over 5 years | -37.07% | -49.16% | +12.09% |
Max Drawdown (10Y)Largest decline over 10 years | -38.55% | -55.74% | +17.19% |
Current DrawdownCurrent decline from peak | -1.81% | -31.17% | +29.36% |
Average DrawdownAverage peak-to-trough decline | -22.73% | -23.08% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.48% | 8.15% | +0.33% |
Volatility
XCHA.DE vs. H4ZP.DE - Volatility Comparison
The current volatility for Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.DE) is 5.10%, while HSBC MSCI China UCITS ETF USD (H4ZP.DE) has a volatility of 7.30%. This indicates that XCHA.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
| XCHA.DE | H4ZP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 7.30% | -2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.37% | 13.14% | -2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.51% | 18.46% | +8.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.27% | 27.70% | -4.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.20% | 25.25% | -2.05% |
XCHA.DE vs. H4ZP.DE - Expense Ratio Comparison
XCHA.DE has a 0.50% expense ratio, which is higher than H4ZP.DE's 0.28% expense ratio.
Dividends
XCHA.DE vs. H4ZP.DE - Dividend Comparison
XCHA.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% |
XCHA.DE Xtrackers CSI 300 Swap UCITS ETF 1C | 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
XCHA.DE and H4ZP.DE have a correlation of 0.67, 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 0.50% for XCHA.DE.
XCHA.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: 0.50% for XCHA.DE and 0.28% for H4ZP.DE.
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