6TVM.DE vs. H4ZF.DE
6TVM.DE (Amundi Core S&P 500 Swap UCITS ETF USD Dist) and H4ZF.DE (HSBC S&P 500 UCITS ETF USD) are both S&P 500 funds tracking the S&P 500 Index, from Amundi and HSBC respectively. Both are passively managed. Over the past 10 years, 6TVM.DE returned -9.90%/yr vs 15.80%/yr for H4ZF.DE. With a 0.97 correlation, they move nearly in lockstep. 6TVM.DE charges 0.05%/yr vs 0.09%/yr for H4ZF.DE.
Performance
6TVM.DE vs. H4ZF.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with 6TVM.DE having a 11.44% return and H4ZF.DE slightly lower at 11.35%. Over the past 10 years, 6TVM.DE has underperformed H4ZF.DE with an annualized return of -9.90%, while H4ZF.DE has yielded a comparatively higher 15.80% annualized return.
6TVM.DE
- 1D
- -0.15%
- 1M
- 4.39%
- YTD
- 11.44%
- 6M
- 10.76%
- 1Y
- 25.53%
- 3Y*
- 18.94%
- 5Y*
- 14.84%
- 10Y*
- -9.90%
H4ZF.DE
- 1D
- -0.12%
- 1M
- 4.35%
- YTD
- 11.35%
- 6M
- 10.84%
- 1Y
- 25.55%
- 3Y*
- 18.88%
- 5Y*
- 14.74%
- 10Y*
- 15.80%
6TVM.DE vs. H4ZF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
6TVM.DE Amundi Core S&P 500 Swap UCITS ETF USD Dist | 11.44% | 4.72% | 32.59% | 22.48% | -14.18% | 40.78% | -90.41% | 32.64% | -2.54% | 6.56% |
H4ZF.DE HSBC S&P 500 UCITS ETF USD | 11.35% | 4.74% | 32.24% | 22.66% | -14.40% | 40.68% | 7.94% | 36.99% | 0.78% | 8.65% |
Correlation
The correlation between 6TVM.DE and H4ZF.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 (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2010 | 0.97 |
The correlation between 6TVM.DE and H4ZF.DE has been stable across timeframes, ranging from 0.97 to 1.00 - a consistent structural relationship.
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Return for Risk
6TVM.DE vs. H4ZF.DE — Risk / Return Rank
6TVM.DE
H4ZF.DE
6TVM.DE vs. H4ZF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Core S&P 500 Swap UCITS ETF USD Dist (6TVM.DE) and HSBC S&P 500 UCITS ETF USD (H4ZF.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.
| 6TVM.DE | H4ZF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.41 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 3.56 | +0.03 |
| Martin ratioReturn relative to average drawdown | 12.74 | 12.69 | +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
| 6TVM.DE | H4ZF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 2.20 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.96 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.30 | 0.97 | -1.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 1.03 | -1.08 |
Drawdowns
6TVM.DE vs. H4ZF.DE - Drawdown Comparison
The maximum 6TVM.DE drawdown since its inception was -92.05%, which is greater than H4ZF.DE's maximum drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for 6TVM.DE and H4ZF.DE.
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Drawdown Indicators
| 6TVM.DE | H4ZF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.05% | -33.82% | -58.23% |
Max Drawdown (1Y)Largest decline over 1 year | -7.10% | -7.16% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -23.38% | -23.32% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -23.38% | -23.32% | -0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -92.05% | -33.82% | -58.23% |
Current DrawdownCurrent decline from peak | -79.81% | -0.44% | -79.37% |
Average DrawdownAverage peak-to-trough decline | -34.18% | -3.93% | -30.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 2.01% | -0.01% |
Volatility
6TVM.DE vs. H4ZF.DE - Volatility Comparison
Amundi Core S&P 500 Swap UCITS ETF USD Dist (6TVM.DE) and HSBC S&P 500 UCITS ETF USD (H4ZF.DE) have volatilities of 2.61% and 2.68%, 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.
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Volatility by Period
| 6TVM.DE | H4ZF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 2.68% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.56% | 7.59% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.60% | 11.61% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 15.20% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.08% | 16.12% | +16.96% |
6TVM.DE vs. H4ZF.DE - Expense Ratio Comparison
6TVM.DE has a 0.05% expense ratio, which is lower than H4ZF.DE's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
6TVM.DE vs. H4ZF.DE - Dividend Comparison
6TVM.DE's dividend yield for the trailing twelve months is around 0.77%, less than H4ZF.DE's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
6TVM.DE Amundi Core S&P 500 Swap UCITS ETF USD Dist | 0.77% | 0.86% | 1.21% | 0.95% | 2.04% | 0.93% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
H4ZF.DE HSBC S&P 500 UCITS ETF USD | 0.82% | 0.95% | 0.96% | 1.19% | 1.32% | 0.91% | 2.24% | 2.98% | 3.49% | 3.23% | 3.29% | 4.21% |
Frequently Asked Questions
With a correlation of 1.00, 6TVM.DE and H4ZF.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.
On fees, 6TVM.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
6TVM.DE is cheaper with a 0.05% expense ratio, compared with 0.09% for H4ZF.DE.
Both ETFs track S&P 500 Index. They also come from different issuers: Amundi and HSBC. Their fees differ too: 0.05% for 6TVM.DE and 0.09% for H4ZF.DE.
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