XCS6.DE vs. H4ZP.DE
XCS6.DE (Xtrackers MSCI China UCITS ETF 1C) and H4ZP.DE (HSBC MSCI China UCITS ETF USD) are both China Equities funds tracking the MSCI China, from Xtrackers and HSBC respectively. Both are passively managed. Over the past 10 years, XCS6.DE returned 4.37%/yr vs 4.72%/yr for H4ZP.DE. With a 0.97 correlation, they move nearly in lockstep. XCS6.DE charges 0.65%/yr vs 0.28%/yr for H4ZP.DE.
Performance
XCS6.DE vs. H4ZP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XCS6.DE achieves a -7.24% return, which is significantly lower than H4ZP.DE's -6.53% return. Over the past 10 years, XCS6.DE has underperformed H4ZP.DE with an annualized return of 4.37%, while H4ZP.DE has yielded a comparatively higher 4.72% annualized return.
XCS6.DE
- 1D
- -0.30%
- 1M
- -3.42%
- YTD
- -7.24%
- 6M
- -9.67%
- 1Y
- 2.03%
- 3Y*
- 7.21%
- 5Y*
- -4.64%
- 10Y*
- 4.37%
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%
XCS6.DE vs. H4ZP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XCS6.DE Xtrackers MSCI China UCITS ETF 1C | -7.24% | 16.38% | 27.05% | -15.14% | -15.45% | -17.27% | 15.11% | 26.93% | -16.14% | 35.18% |
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 XCS6.DE and H4ZP.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 | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2013 | 0.97 |
The correlation between XCS6.DE and H4ZP.DE has been stable across timeframes, ranging from 0.97 to 1.00 - a consistent structural relationship.
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Return for Risk
XCS6.DE vs. H4ZP.DE — Risk / Return Rank
XCS6.DE
H4ZP.DE
XCS6.DE vs. H4ZP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI China UCITS ETF 1C (XCS6.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.
| XCS6.DE | H4ZP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.04 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 0.19 | -0.06 |
| Martin ratioReturn relative to average drawdown | 0.27 | 0.39 | -0.12 |
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
| XCS6.DE | H4ZP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 0.17 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | -0.14 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.19 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.19 | -0.02 |
Drawdowns
XCS6.DE vs. H4ZP.DE - Drawdown Comparison
The maximum XCS6.DE drawdown since its inception was -56.31%, roughly equal to the maximum H4ZP.DE drawdown of -55.74%. Use the drawdown chart below to compare losses from any high point for XCS6.DE and H4ZP.DE.
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Drawdown Indicators
| XCS6.DE | H4ZP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.31% | -55.74% | -0.57% |
Max Drawdown (1Y)Largest decline over 1 year | -17.28% | -16.83% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -24.77% | -24.56% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -49.94% | -49.16% | -0.78% |
Max Drawdown (10Y)Largest decline over 10 years | -56.31% | -55.74% | -0.57% |
Current DrawdownCurrent decline from peak | -33.60% | -31.17% | -2.43% |
Average DrawdownAverage peak-to-trough decline | -21.19% | -23.08% | +1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.27% | 8.15% | +0.12% |
Volatility
XCS6.DE vs. H4ZP.DE - Volatility Comparison
Xtrackers MSCI China UCITS ETF 1C (XCS6.DE) and HSBC MSCI China UCITS ETF USD (H4ZP.DE) have volatilities of 7.17% and 7.30%, 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
| XCS6.DE | H4ZP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.17% | 7.30% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 13.14% | 13.14% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.53% | 18.46% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.67% | 27.70% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.33% | 25.25% | +0.08% |
XCS6.DE vs. H4ZP.DE - Expense Ratio Comparison
XCS6.DE has a 0.65% expense ratio, which is higher than H4ZP.DE's 0.28% expense ratio.
Dividends
XCS6.DE vs. H4ZP.DE - Dividend Comparison
XCS6.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% |
XCS6.DE Xtrackers MSCI China 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
With a correlation of 0.99, XCS6.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 XCS6.DE.
Both ETFs track MSCI China. They also come from different issuers: Xtrackers and HSBC. Their fees differ too: 0.65% for XCS6.DE and 0.28% for H4ZP.DE.
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