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HSBC Hang Seng TECH UCITS ETF HKD (H4ZX.DE) Sharpe Ratio: -0.26

ETF · Currency in EUR · Last updated Jun 5, 2026

H4ZX.DE is a passive ETF by HSBC tracking the investment results of the Hang Seng TECH. H4ZX.DE launched on Dec 9, 2020 and has a 0.50% expense ratio.

H4ZX.DE's Sharpe Ratio of -0.26 indicates that for each unit of volatility, it generates -0.26 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 5, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

H4ZX.DE Sharpe Ratio Rank

H4ZX.DE Sharpe Ratio Rank: 6.57
Concerning

H4ZX.DE ranks above 6.5% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

H4ZX.DE Sharpe Ratio Market Positioning

The chart shows H4ZX.DE's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.87 or lower
  • Yellow zone (middle 50%): 0.87 to 2.39
  • Green zone (top 25%): 2.39 or higher
  • Top 1%: 7.61+
  • Median: 1.70 — half of all investments score higher

How it compares to other similar ETFs

The table compares HSBC Hang Seng TECH UCITS ETF HKD's Sharpe Ratio with other ETFs in the Technology Equities category across multiple time periods, showing how H4ZX.DE's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 5, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
SEC0.DEiShares MSCI Global Semiconductors UCITS ETF USD (Acc)5.89
VVSM.DEVanEck Semiconductor UCITS ETF5.17
MTVR.DEL&G Metaverse ESG Exclusions UCITS ETF USD Accumulating4.86
LSMC.DEAmundi MSCI Semiconductors ESG Screened UCITS ETF4.27
DR7E.DEGlobal X Autonomous & Electric Vehicles UCITS ETF USD Accumulating3.67
WTI2.DEWisdomTree Artificial Intelligence UCITS ETF USD Acc3.32
XAIX.DEXtrackers Artificial Intelligence & Big Data UCITS ETF3.03
XMLD.DEL&G Artificial Intelligence UCITS ETF2.76
IEVD.DEiShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc)2.71
XMOV.DEXtrackers Future Mobility UCITS ETF2.57
H4ZX.DEHSBC Hang Seng TECH UCITS ETF HKD-0.26

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows H4ZX.DE's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when H4ZX.DE consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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