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HSBC S&P 500 UCITS ETF USD (H4ZF.DE) Diversifiers

ETF · Currency in EUR · Last updated Jul 16, 2026

H4ZF.DE is a passive ETF by HSBC tracking the investment results of the S&P 500 Index. H4ZF.DE launched on May 14, 2010 and has a 0.09% expense ratio.

Looking to diversify beyond H4ZF.DE? The ETFs below have the lowest correlation with H4ZF.DE — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from H4ZF.DE.

Best Diversifiers for H4ZF.DE

0 ETFs have low correlation with H4ZF.DE (below 0.3), 0 of which are negatively correlated. The least correlated is HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (H4ZL.DE) (REIT) with a 1Y correlation of 0.33, down from 0.46 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
H4ZL.DE
HSBC FTSE EPRA NAREIT Developed UCITS ETF USD0.330.46—
54
REITH4ZF.DE vs H4ZL.DE
H4Z7.DE
HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc...0.340.46—
54
REITH4ZF.DE vs H4Z7.DE
H4ZE.DE
HSBC MSCI Europe UCITS ETF EUR0.550.550.64
58
Europe EquitiesH4ZF.DE vs H4ZE.DE
EFRW.DE
iShares S&P 500 Equal Weight UCITS ETF EUR Hedged ...0.56——
53
S&P 500, Equal WeightH4ZF.DE vs EFRW.DE
QVMP.DE
Invesco S&P 500 QVM UCITS ETF0.610.750.76
78
S&P 500, Large Cap Value EquitiesH4ZF.DE vs QVMP.DE
See all 44 diversifiers for H4ZF.DE

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Diversification Analysis

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