CSYZ.DE vs. H4Z7.DE

Last updated Jun 5, 2026

CSYZ.DE (CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD) and H4Z7.DE (HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc)) are both REIT funds - CSYZ.DE tracks the FTSE EPRA Nareit Developed Green while H4Z7.DE tracks the FTSE EPRA/NAREIT Developed. Both are passively managed. Over the past 3 years, CSYZ.DE returned 3.23%/yr vs 6.21%/yr for H4Z7.DE. Their correlation of 0.94 suggests significant overlap in exposure. CSYZ.DE charges 0.25%/yr vs 0.24%/yr for H4Z7.DE.

Performance

CSYZ.DE vs. H4Z7.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD (CSYZ.DE) and HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) (H4Z7.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSYZ.DE achieves a 7.36% return, which is significantly lower than H4Z7.DE's 7.83% return.

CSYZ.DE

• 1D: 0.21%
• 1M: -0.49%
• YTD: 7.36%
• 6M: 6.96%
• 1Y: 6.45%
• 3Y*: 3.23%
• 5Y*: 0.05%
• 10Y*: —

H4Z7.DE

• 1D: -0.12%
• 1M: -1.09%
• YTD: 7.83%
• 6M: 7.24%
• 1Y: 9.70%
• 3Y*: 6.21%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CSYZ.DE vs. H4Z7.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CSYZ.DE CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD	7.36%	-5.02%	2.47%	4.08%	-12.55%
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 CSYZ.DE and H4Z7.DE is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jul 26, 2022	0.94

The correlation between CSYZ.DE and H4Z7.DE has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

Return for Risk

CSYZ.DE vs. H4Z7.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CSYZ.DE

CSYZ.DE Risk / Return Rank: 19
CSYZ.DE Sharpe Ratio Rank: 19
CSYZ.DE Sortino Ratio Rank: 18
CSYZ.DE Omega Ratio Rank: 17
CSYZ.DE Calmar Ratio Rank: 19
CSYZ.DE Martin Ratio Rank: 20

H4Z7.DE

H4Z7.DE Risk / Return Rank: 25
H4Z7.DE Sharpe Ratio Rank: 25
H4Z7.DE Sortino Ratio Rank: 24
H4Z7.DE Omega Ratio Rank: 24
H4Z7.DE Calmar Ratio Rank: 26
H4Z7.DE Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CSYZ.DE vs. H4Z7.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD (CSYZ.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.

	CSYZ.DE	H4Z7.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.57	0.86	-0.29
Sortino ratio: Return per unit of downside risk	0.87	1.26	-0.39
Omega ratio: Gain probability vs. loss probability	1.10	1.15	-0.05
Calmar ratio: Return relative to maximum drawdown	0.80	1.23	-0.43
Martin ratio: Return relative to average drawdown	2.28	3.99	-1.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSYZ.DE vs. H4Z7.DE - Sharpe Ratio Comparison

The current CSYZ.DE Sharpe Ratio is 0.57, which is lower than the H4Z7.DE Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of CSYZ.DE and H4Z7.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CSYZ.DE	H4Z7.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.57	0.86	-0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.08	+0.18

Drawdowns

CSYZ.DE vs. H4Z7.DE - Drawdown Comparison

The maximum CSYZ.DE drawdown since its inception was -31.21%, 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 CSYZ.DE and H4Z7.DE.

Drawdown Indicators

	CSYZ.DE	H4Z7.DE	Difference
Max Drawdown Largest peak-to-trough decline	-31.21%	-26.78%	-4.43%
Max Drawdown (1Y) Largest decline over 1 year	-8.07%	-7.86%	-0.21%
Max Drawdown (3Y) Largest decline over 3 years	-20.14%	-20.13%	-0.01%
Max Drawdown (5Y) Largest decline over 5 years	-31.21%	—	—
Current Drawdown Current decline from peak	-15.10%	-2.86%	-12.24%
Average Drawdown Average peak-to-trough decline	-13.84%	-11.53%	-2.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	2.42%	+0.40%

Volatility

CSYZ.DE vs. H4Z7.DE - Volatility Comparison

CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD (CSYZ.DE) and HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) (H4Z7.DE) have volatilities of 2.84% and 2.87%, 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.

Volatility by Period

	CSYZ.DE	H4Z7.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	2.87%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	8.54%	8.56%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	11.29%	11.25%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.03%	14.42%	+0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.22%	14.42%	+0.80%

CSYZ.DE vs. H4Z7.DE - Expense Ratio Comparison

CSYZ.DE has a 0.25% expense ratio, which is higher than H4Z7.DE's 0.24% 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

CSYZ.DE vs. H4Z7.DE - Dividend Comparison

CSYZ.DE's dividend yield for the trailing twelve months is around 1.01%, while H4Z7.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
CSYZ.DE CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD	1.01%	1.32%	0.00%	0.76%	3.39%	0.21%
H4Z7.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CSYZ.DE and H4Z7.DE in my portfolio?

With a correlation of 0.95, CSYZ.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.

Which ETF is better, CSYZ.DE or H4Z7.DE?

On fees, H4Z7.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CSYZ.DE or H4Z7.DE?

H4Z7.DE is cheaper with a 0.24% expense ratio, compared with 0.25% for CSYZ.DE.

What is the main difference between CSYZ.DE and H4Z7.DE?

CSYZ.DE tracks FTSE EPRA Nareit Developed Green, while H4Z7.DE tracks FTSE EPRA/NAREIT Developed. They also come from different issuers: Credit Suisse and HSBC. Their fees differ too: 0.25% for CSYZ.DE and 0.24% for H4Z7.DE.