B500.DE vs. H4ZF.DE
B500.DE (Amundi S&P 500 Buyback ETF) and H4ZF.DE (HSBC S&P 500 UCITS ETF USD) are both S&P 500 funds - B500.DE tracks the S&P 500 Buyback NTR while H4ZF.DE tracks the S&P 500 Index. Both are passively managed. Over the past 10 years, B500.DE returned 12.79%/yr vs 15.80%/yr for H4ZF.DE. Their correlation of 0.85 suggests significant overlap in exposure. B500.DE charges 0.15%/yr vs 0.09%/yr for H4ZF.DE.
Performance
B500.DE vs. H4ZF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, B500.DE achieves a 8.94% return, which is significantly lower than H4ZF.DE's 11.35% return. Over the past 10 years, B500.DE has underperformed H4ZF.DE with an annualized return of 12.79%, while H4ZF.DE has yielded a comparatively higher 15.80% annualized return.
B500.DE
- 1D
- 0.86%
- 1M
- 5.03%
- YTD
- 8.94%
- 6M
- 9.45%
- 1Y
- 20.46%
- 3Y*
- 15.34%
- 5Y*
- 11.15%
- 10Y*
- 12.79%
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%
B500.DE vs. H4ZF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
B500.DE Amundi S&P 500 Buyback ETF | 8.94% | 4.76% | 20.85% | 12.10% | -7.18% | 47.02% | -4.65% | 34.36% | -4.54% | 6.13% |
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 B500.DE and H4ZF.DE is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2015 | 0.85 |
Over the past year, the correlation between B500.DE and H4ZF.DE has dropped to 0.60 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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Return for Risk
B500.DE vs. H4ZF.DE — Risk / Return Rank
B500.DE
H4ZF.DE
B500.DE vs. H4ZF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P 500 Buyback ETF (B500.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.
| B500.DE | H4ZF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.41 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.30 | 3.56 | +0.74 |
| Martin ratioReturn relative to average drawdown | 11.16 | 12.69 | -1.52 |
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
| B500.DE | H4ZF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 2.20 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.96 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.97 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 1.03 | -0.51 |
Drawdowns
B500.DE vs. H4ZF.DE - Drawdown Comparison
The maximum B500.DE drawdown since its inception was -42.49%, 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 B500.DE and H4ZF.DE.
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Drawdown Indicators
| B500.DE | H4ZF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.49% | -33.82% | -8.67% |
Max Drawdown (1Y)Largest decline over 1 year | -4.75% | -7.16% | +2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -23.66% | -23.32% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -23.66% | -23.32% | -0.34% |
Max Drawdown (10Y)Largest decline over 10 years | -42.49% | -33.82% | -8.67% |
Current DrawdownCurrent decline from peak | 0.00% | -0.44% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -6.31% | -3.93% | -2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 2.01% | -0.18% |
Volatility
B500.DE vs. H4ZF.DE - Volatility Comparison
Amundi S&P 500 Buyback ETF (B500.DE) has a higher volatility of 2.99% compared to HSBC S&P 500 UCITS ETF USD (H4ZF.DE) at 2.68%. This indicates that B500.DE's price experiences larger fluctuations and is considered to be riskier than H4ZF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| B500.DE | H4ZF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 2.68% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 7.59% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.29% | 11.61% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 15.20% | +0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.96% | 16.12% | +2.84% |
B500.DE vs. H4ZF.DE - Expense Ratio Comparison
B500.DE has a 0.15% expense ratio, which is higher than H4ZF.DE's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
B500.DE vs. H4ZF.DE - Dividend Comparison
B500.DE has not paid dividends to shareholders, while H4ZF.DE's dividend yield for the trailing twelve months is around 0.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
B500.DE Amundi S&P 500 Buyback ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
B500.DE and H4ZF.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4ZF.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZF.DE is cheaper with a 0.09% expense ratio, compared with 0.15% for B500.DE.
B500.DE tracks S&P 500 Buyback NTR, while H4ZF.DE tracks S&P 500 Index. They also come from different issuers: Amundi and HSBC. Their fees differ too: 0.15% for B500.DE and 0.09% for H4ZF.DE.
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