CSYZ.DE vs. H4ZL.DE
CSYZ.DE (CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD) and H4ZL.DE (HSBC FTSE EPRA NAREIT Developed UCITS ETF USD) are both REIT funds - CSYZ.DE tracks the FTSE EPRA Nareit Developed Green while H4ZL.DE tracks the FTSE EPRA/NAREIT Developed. Both are passively managed. Over the past 5 years, CSYZ.DE returned 0.05%/yr vs 0.30%/yr for H4ZL.DE. With a 0.96 correlation, they move nearly in lockstep. CSYZ.DE charges 0.25%/yr vs 0.24%/yr for H4ZL.DE.
Performance
CSYZ.DE vs. H4ZL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CSYZ.DE achieves a 7.36% return, which is significantly higher than H4ZL.DE's 6.32% 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*
- —
H4ZL.DE
- 1D
- -0.02%
- 1M
- -0.95%
- YTD
- 6.32%
- 6M
- 5.87%
- 1Y
- 6.63%
- 3Y*
- 3.13%
- 5Y*
- 0.30%
- 10Y*
- 2.35%
CSYZ.DE vs. H4ZL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CSYZ.DE CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD | 7.36% | -5.02% | 2.47% | 4.08% | -19.53% | 36.67% | 5.48% |
H4ZL.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD | 6.32% | -4.65% | 2.27% | 6.12% | -20.22% | 36.90% | 6.19% |
Correlation
The correlation between CSYZ.DE and H4ZL.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 (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020 | 0.96 |
The correlation between CSYZ.DE and H4ZL.DE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
CSYZ.DE vs. H4ZL.DE — Risk / Return Rank
CSYZ.DE
H4ZL.DE
CSYZ.DE vs. H4ZL.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 (H4ZL.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 | H4ZL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.11 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 0.84 | -0.05 |
| Martin ratioReturn relative to average drawdown | 2.28 | 2.48 | -0.20 |
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
| CSYZ.DE | H4ZL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 0.59 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.02 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.29 | -0.03 |
Drawdowns
CSYZ.DE vs. H4ZL.DE - Drawdown Comparison
The maximum CSYZ.DE drawdown since its inception was -31.21%, smaller than the maximum H4ZL.DE drawdown of -41.97%. Use the drawdown chart below to compare losses from any high point for CSYZ.DE and H4ZL.DE.
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Drawdown Indicators
| CSYZ.DE | H4ZL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.21% | -41.97% | +10.76% |
Max Drawdown (1Y)Largest decline over 1 year | -8.07% | -7.82% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | -20.68% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -31.21% | -30.45% | -0.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.97% | — |
Current DrawdownCurrent decline from peak | -15.10% | -13.81% | -1.29% |
Average DrawdownAverage peak-to-trough decline | -13.84% | -10.80% | -3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.67% | +0.15% |
Volatility
CSYZ.DE vs. H4ZL.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 (H4ZL.DE) have volatilities of 2.84% and 2.88%, 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
| CSYZ.DE | H4ZL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 2.88% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 8.54% | 8.34% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.29% | 11.21% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.03% | 14.69% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.22% | 16.27% | -1.05% |
CSYZ.DE vs. H4ZL.DE - Expense Ratio Comparison
CSYZ.DE has a 0.25% expense ratio, which is higher than H4ZL.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. H4ZL.DE - Dividend Comparison
CSYZ.DE's dividend yield for the trailing twelve months is around 1.01%, while H4ZL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
H4ZL.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD | 0.00% | 0.00% | 0.00% | 2.63% | 3.62% | 2.19% | 3.13% | 2.95% | 3.29% | 3.08% | 2.96% | 2.67% |
Frequently Asked Questions
With a correlation of 0.95, CSYZ.DE and H4ZL.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, H4ZL.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZL.DE is cheaper with a 0.24% expense ratio, compared with 0.25% for CSYZ.DE.
CSYZ.DE tracks FTSE EPRA Nareit Developed Green, while H4ZL.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 H4ZL.DE.
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