10AJ.DE vs. H4Z7.DE
10AJ.DE (Amundi Index FTSE EPRA NAREIT Global UCITS ETF EUR Dist) and H4Z7.DE (HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc)) are both REIT funds tracking the FTSE EPRA/NAREIT Developed, from Amundi and HSBC respectively. Both are passively managed. Over the past 3 years, 10AJ.DE returned 5.94%/yr vs 6.21%/yr for H4Z7.DE. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.24% expense ratio.
Performance
10AJ.DE vs. H4Z7.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with 10AJ.DE having a 7.96% return and H4Z7.DE slightly lower at 7.83%.
10AJ.DE
- 1D
- -0.04%
- 1M
- -2.40%
- YTD
- 7.96%
- 6M
- 7.43%
- 1Y
- 9.54%
- 3Y*
- 5.94%
- 5Y*
- 1.87%
- 10Y*
- —
H4Z7.DE
- 1D
- -0.12%
- 1M
- -2.61%
- YTD
- 7.83%
- 6M
- 7.26%
- 1Y
- 9.73%
- 3Y*
- 6.21%
- 5Y*
- —
- 10Y*
- —
10AJ.DE vs. H4Z7.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
10AJ.DE Amundi Index FTSE EPRA NAREIT Global UCITS ETF EUR Dist | 7.96% | -1.85% | 5.52% | 6.85% | -13.31% |
H4Z7.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) | 7.83% | -1.78% | 5.80% | 7.39% | -13.07% |
Correlation
The correlation between 10AJ.DE and H4Z7.DE is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2022 | 0.97 |
The correlation between 10AJ.DE and H4Z7.DE has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
10AJ.DE vs. H4Z7.DE — Risk / Return Rank
10AJ.DE
H4Z7.DE
10AJ.DE vs. H4Z7.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index FTSE EPRA NAREIT Global UCITS ETF EUR Dist (10AJ.DE) and HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) (H4Z7.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.
| 10AJ.DE | H4Z7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.15 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 1.23 | -0.03 |
| Martin ratioReturn relative to average drawdown | 3.94 | 3.99 | -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. | |||
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Sharpe Ratios by Period
| 10AJ.DE | H4Z7.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 0.86 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.08 | +0.14 |
Drawdowns
10AJ.DE vs. H4Z7.DE - Drawdown Comparison
The maximum 10AJ.DE drawdown since its inception was -42.62%, which is greater than H4Z7.DE's maximum drawdown of -26.78%. Use the drawdown chart below to compare losses from any high point for 10AJ.DE and H4Z7.DE.
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Drawdown Indicators
| 10AJ.DE | H4Z7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.62% | -26.78% | -15.84% |
Max Drawdown (1Y)Largest decline over 1 year | -7.89% | -7.86% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -20.52% | -20.13% | -0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -30.01% | — | — |
Current DrawdownCurrent decline from peak | -6.63% | -2.86% | -3.77% |
Average DrawdownAverage peak-to-trough decline | -12.13% | -11.53% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 2.42% | -0.01% |
Volatility
10AJ.DE vs. H4Z7.DE - Volatility Comparison
The current volatility for Amundi Index FTSE EPRA NAREIT Global UCITS ETF EUR Dist (10AJ.DE) is 2.70%, while HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) (H4Z7.DE) has a volatility of 2.87%. This indicates that 10AJ.DE experiences smaller price fluctuations and is considered to be less risky than H4Z7.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 10AJ.DE | H4Z7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 2.87% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 8.38% | 8.56% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.14% | 11.25% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.60% | 14.42% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.10% | 14.42% | +2.68% |
10AJ.DE vs. H4Z7.DE - Expense Ratio Comparison
Both 10AJ.DE and H4Z7.DE have an expense ratio of 0.24%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
10AJ.DE vs. H4Z7.DE - Dividend Comparison
10AJ.DE's dividend yield for the trailing twelve months is around 2.77%, while H4Z7.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
10AJ.DE Amundi Index FTSE EPRA NAREIT Global UCITS ETF EUR Dist | 2.77% | 2.99% | 2.94% | 2.98% | 3.23% | 2.13% | 3.10% | 2.92% | 2.63% |
H4Z7.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) | 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 0.97, 10AJ.DE and H4Z7.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 0.24% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
10AJ.DE and H4Z7.DE have the same expense ratio: 0.24% per year.
Both ETFs track FTSE EPRA/NAREIT Developed. They also come from different issuers: Amundi and HSBC.
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