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HSBC Euro Lower Carbon Government 1-3 Year Bond UCITS ETF C EUR (H4ZK.DE) Alternatives

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

HSBC Euro Lower Carbon Government 1-3 Year Bond UCITS ETF seeks to track the Bloomberg Euro Treasury 1-3 Year Carbon Tilted Index, providing exposure to short-dated investment-grade Eurozone government bonds with lower-carbon tilts.

HSBC Euro Lower Carbon Government 1-3 Year Bond UCITS ETF C EUR (H4ZK.DE) belongs to the European Government Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with H4ZK.DE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to H4ZK.DE

H4ZK.DE charges 0.14% annually. There are 21 ETFs in the European Government Bonds category with lower expense ratios, going as low as 0.05%.

SymbolNameExpense RatioAUMInception
PRAB.DE
Amundi Prime Euro Government Bonds 0-1Y UCITS ETF0.05%—Oct 2020H4ZK.DE vs PRAB.DE
PR1R.DE
Amundi Prime Euro Govies UCITS ETF DR (D)0.05%—Feb 2019H4ZK.DE vs PR1R.DE
PRAR.DE
Amundi Prime Euro Govies UCITS ETF0.05%—Jan 2020H4ZK.DE vs PRAR.DE
EUNH.DE
iShares Core Euro Government Bond UCITS ETF (Dist)0.07%—Apr 2009H4ZK.DE vs EUNH.DE
VGEA.DE
Vanguard EUR Eurozone Government Bond UCITS ETF Ac...0.07%—Feb 2019H4ZK.DE vs VGEA.DE

Best Risk-Adjusted Alternatives to H4ZK.DE

H4ZK.DE has a PortfoliosLab risk / return rank of 19. There are 12 ETFs in the European Government Bonds category with higher risk-adjusted ranks, going as high as 97.

SymbolNameRisk / Return RankAUMInception
PRAB.DE
Amundi Prime Euro Government Bonds 0-1Y UCITS ETF
97
—Oct 2020H4ZK.DE vs PRAB.DE
IBCA.DE
iShares Euro Government Bond 1-3yr UCITS ETF (Dist...
24
—Jun 2006H4ZK.DE vs IBCA.DE
SYBG.DE
SPDR Bloomberg UK Gilt UCITS ETF
21
—May 2012H4ZK.DE vs SYBG.DE
VGOV.DE
Vanguard UK Gilt UCITS ETF Distributing
21
—May 2012H4ZK.DE vs VGOV.DE
X03B.DE
Xtrackers Eurozone Government Bond 1-3 UCITS ETF
21
—Aug 2011H4ZK.DE vs X03B.DE

Top Performing H4ZK.DE Alternatives (YTD)

H4ZK.DE is at 0.15% YTD. There are 14 ETFs in the European Government Bonds category with higher YTD returns, going as high as 1.85%.

SymbolNameYTD ReturnAUMInception
SYBG.DE
SPDR Bloomberg UK Gilt UCITS ETF
1.85%
—May 2012H4ZK.DE vs SYBG.DE
VGOV.DE
Vanguard UK Gilt UCITS ETF Distributing
1.76%
—May 2012H4ZK.DE vs VGOV.DE
PRAB.DE
Amundi Prime Euro Government Bonds 0-1Y UCITS ETF
1.08%
—Oct 2020H4ZK.DE vs PRAB.DE
IBCA.DE
iShares Euro Government Bond 1-3yr UCITS ETF (Dist...
0.32%
—Jun 2006H4ZK.DE vs IBCA.DE
EL4S.DE
Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF
0.25%
—Mar 2009H4ZK.DE vs EL4S.DE

Lowest Volatility Alternatives to H4ZK.DE

H4ZK.DE has 1.38% 1-year volatility. There are 8 ETFs in the European Government Bonds category with lower 1-year volatility, going as low as 0.63%.

SymbolNameVolatility 1YAUMInception
PRAB.DE
Amundi Prime Euro Government Bonds 0-1Y UCITS ETF0.63%—Oct 2020H4ZK.DE vs PRAB.DE
EL4S.DE
Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF1.15%—Mar 2009H4ZK.DE vs EL4S.DE
EXHB.DE
iShares eb.rexx Government Germany 1.5-2.5yr UCITS...1.28%—Jun 2003H4ZK.DE vs EXHB.DE
LYQ2.DE
Amundi Euro Government Bond 1-3Y UCITS ETF Acc1.30%—Sep 2005H4ZK.DE vs LYQ2.DE
X03B.DE
Xtrackers Eurozone Government Bond 1-3 UCITS ETF1.33%—Aug 2011H4ZK.DE vs X03B.DE

Lowest Drawdown Alternatives to H4ZK.DE

H4ZK.DE has a 1-year max drawdown of -1.26%. There are 8 ETFs in the European Government Bonds category with shallower 1-year drawdowns, going as shallow as -0.18%.

SymbolNameMax Drawdown 1YAUMInception
PRAB.DE
Amundi Prime Euro Government Bonds 0-1Y UCITS ETF
-0.18%
—Oct 2020H4ZK.DE vs PRAB.DE
EL4S.DE
Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF
-1.03%
—Mar 2009H4ZK.DE vs EL4S.DE
D5BC.DE
Xtrackers II Germany Government Bond 1-3 UCITS ETF
-1.08%
—Jan 2010H4ZK.DE vs D5BC.DE
IBCA.DE
iShares Euro Government Bond 1-3yr UCITS ETF (Dist...
-1.14%
—Jun 2006H4ZK.DE vs IBCA.DE
EXHB.DE
iShares eb.rexx Government Germany 1.5-2.5yr UCITS...
-1.18%
—Jun 2003H4ZK.DE vs EXHB.DE

Other ETFs from HSBC

The 10 most viewed HSBC ETFs shown here include H4ZJ.DE, H4ZF.DE, H4ZA.DE and span 8 categories.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
H4ZJ.DE
HSBC MSCI World UCITS ETF USDGlobal Equities
84
12.98%
—Dec 2010H4ZK.DE vs H4ZJ.DE
H4ZF.DE
HSBC S&P 500 UCITS ETF USDS&P 500
77
13.12%
—May 2010H4ZK.DE vs H4ZF.DE
H4ZA.DE
HSBC EURO STOXX 50 UCITS ETF EUREurope Equities
44
10.38%
—Oct 2009H4ZK.DE vs H4ZA.DE
H4ZX.DE
HSBC Hang Seng TECH UCITS ETF HKDTechnology Equities
6
-14.05%
—Dec 2020H4ZK.DE vs H4ZX.DE
H4Z3.DE
HSBC MSCI Emerging Markets UCITS ETF USD (Acc)Emerging Markets Equities
79
24.10%
—Jun 2022H4ZK.DE vs H4Z3.DE
H4ZL.DE
HSBC FTSE EPRA NAREIT Developed UCITS ETF USDREIT
54
13.70%
—Jun 2011H4ZK.DE vs H4ZL.DE
H4ZY.DE
HSBC MSCI World UCITS ETF USD (Acc)Global Equities
83
12.84%
—Jun 2022H4ZK.DE vs H4ZY.DE
H4Z7.DE
HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc...REIT
54
13.69%
—Jul 2022H4ZK.DE vs H4Z7.DE
H410.DE
HSBC MSCI Emerging Markets UCITS ETF USDEmerging Markets Equities
78
23.59%
—Sep 2011H4ZK.DE vs H410.DE
H4ZP.DE
HSBC MSCI China UCITS ETF USDChina Equities, Asia Pacific Equities
9
-7.02%
—Jan 2011H4ZK.DE vs H4ZP.DE

Compare H4ZK.DE with Any Fund or Stock

Compare H4ZK.DE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair H4ZK.DE with funds that move differently

HSBC Euro Lower Carbon Government 1-3 Year Bond UCITS ETF C EUR alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to H4ZK.DE.

Explore H4ZK.DE Diversifiers