XCS7.DE vs. H4ZP.DE
XCS7.DE (Xtrackers MSCI China UCITS ETF 1D) 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 3 years, XCS7.DE returned 7.69%/yr vs 8.20%/yr for H4ZP.DE. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.28% expense ratio.
Performance
XCS7.DE vs. H4ZP.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XCS7.DE achieves a -6.89% return, which is significantly lower than H4ZP.DE's -6.53% return.
XCS7.DE
- 1D
- -0.23%
- 1M
- -1.94%
- YTD
- -6.89%
- 6M
- -8.38%
- 1Y
- 2.79%
- 3Y*
- 7.69%
- 5Y*
- —
- 10Y*
- —
H4ZP.DE
- 1D
- -0.23%
- 1M
- -1.81%
- YTD
- -6.53%
- 6M
- -8.01%
- 1Y
- 3.19%
- 3Y*
- 8.20%
- 5Y*
- -4.00%
- 10Y*
- 4.72%
XCS7.DE vs. H4ZP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XCS7.DE Xtrackers MSCI China UCITS ETF 1D | -6.89% | 16.53% | 27.49% | -14.73% | 4.09% |
H4ZP.DE HSBC MSCI China UCITS ETF USD | -6.53% | 16.54% | 28.55% | -14.47% | 3.90% |
Correlation
The correlation between XCS7.DE and H4ZP.DE is 1.00 - 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 | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022 | 0.99 |
The correlation between XCS7.DE and H4ZP.DE has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XCS7.DE vs. H4ZP.DE — Risk / Return Rank
XCS7.DE
H4ZP.DE
XCS7.DE vs. H4ZP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI China UCITS ETF 1D (XCS7.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.
| XCS7.DE | H4ZP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.04 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 0.19 | -0.03 |
| Martin ratioReturn relative to average drawdown | 0.34 | 0.39 | -0.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XCS7.DE | H4ZP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 0.17 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.14 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.19 | +0.01 |
Drawdowns
XCS7.DE vs. H4ZP.DE - Drawdown Comparison
The maximum XCS7.DE drawdown since its inception was -36.62%, smaller than the maximum H4ZP.DE drawdown of -55.74%. Use the drawdown chart below to compare losses from any high point for XCS7.DE and H4ZP.DE.
Loading charts...
Drawdown Indicators
| XCS7.DE | H4ZP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.62% | -55.74% | +19.12% |
Max Drawdown (1Y)Largest decline over 1 year | -17.01% | -16.83% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -24.53% | -24.56% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | — | -49.16% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.74% | — |
Current DrawdownCurrent decline from peak | -14.97% | -31.17% | +16.20% |
Average DrawdownAverage peak-to-trough decline | -15.59% | -23.08% | +7.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.18% | 8.15% | +0.03% |
Volatility
XCS7.DE vs. H4ZP.DE - Volatility Comparison
Xtrackers MSCI China UCITS ETF 1D (XCS7.DE) and HSBC MSCI China UCITS ETF USD (H4ZP.DE) have volatilities of 7.33% 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.
Loading charts...
Volatility by Period
| XCS7.DE | H4ZP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.33% | 7.30% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 13.19% | 13.14% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.48% | 18.46% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.65% | 27.70% | -2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.65% | 25.25% | +0.40% |
XCS7.DE vs. H4ZP.DE - Expense Ratio Comparison
Both XCS7.DE and H4ZP.DE have an expense ratio of 0.28%.
Dividends
XCS7.DE vs. H4ZP.DE - Dividend Comparison
XCS7.DE's dividend yield for the trailing twelve months is around 2.11%, 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% |
XCS7.DE Xtrackers MSCI China UCITS ETF 1D | 2.11% | 2.35% | 2.05% | 3.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 1.00, XCS7.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.
Both ETFs have the same 0.28% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XCS7.DE and H4ZP.DE have the same expense ratio: 0.28% per year.
Both ETFs track MSCI China. They also come from different issuers: Xtrackers and HSBC.
Find the right allocation for XCS7.DE and H4ZP.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer