D5BK.DE vs. H4ZL.DE
D5BK.DE (Xtrackers FTSE EPRA/NAREIT Developed Europe Real Estate UCITS ETF 1C) and H4ZL.DE (HSBC FTSE EPRA NAREIT Developed UCITS ETF USD) are both REIT funds - D5BK.DE tracks the FTSE EPRA/NAREIT Developed Europe while H4ZL.DE tracks the FTSE EPRA/NAREIT Developed. Both are passively managed. Over the past 10 years, D5BK.DE returned -0.15%/yr vs 2.35%/yr for H4ZL.DE. A 0.66 correlation means they provide meaningful diversification when combined. D5BK.DE charges 0.33%/yr vs 0.24%/yr for H4ZL.DE.
Performance
D5BK.DE vs. H4ZL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, D5BK.DE achieves a -0.60% return, which is significantly lower than H4ZL.DE's 6.32% return. Over the past 10 years, D5BK.DE has underperformed H4ZL.DE with an annualized return of -0.15%, while H4ZL.DE has yielded a comparatively higher 2.35% annualized return.
D5BK.DE
- 1D
- 0.72%
- 1M
- -2.59%
- YTD
- -0.60%
- 6M
- 0.51%
- 1Y
- -2.67%
- 3Y*
- 6.51%
- 5Y*
- -4.66%
- 10Y*
- -0.15%
H4ZL.DE
- 1D
- -0.02%
- 1M
- -2.45%
- YTD
- 6.32%
- 6M
- 5.97%
- 1Y
- 6.50%
- 3Y*
- 3.13%
- 5Y*
- 0.30%
- 10Y*
- 2.35%
D5BK.DE vs. H4ZL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
D5BK.DE Xtrackers FTSE EPRA/NAREIT Developed Europe Real Estate UCITS ETF 1C | -0.60% | 5.96% | -4.03% | 15.92% | -36.63% | 17.10% | -10.26% | 29.66% | -8.93% | 12.62% |
H4ZL.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD | 6.32% | -4.65% | 2.27% | 6.12% | -20.22% | 36.90% | -16.99% | 23.91% | -0.81% | -2.27% |
Correlation
The correlation between D5BK.DE and H4ZL.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2013 | 0.66 |
The correlation between D5BK.DE and H4ZL.DE has been stable across timeframes, ranging from 0.63 to 0.66 - a consistent structural relationship.
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Return for Risk
D5BK.DE vs. H4ZL.DE — Risk / Return Rank
D5BK.DE
H4ZL.DE
D5BK.DE vs. H4ZL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers FTSE EPRA/NAREIT Developed Europe Real Estate UCITS ETF 1C (D5BK.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.
| D5BK.DE | H4ZL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.11 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 0.84 | -1.02 |
| Martin ratioReturn relative to average drawdown | -0.45 | 2.48 | -2.94 |
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
| D5BK.DE | H4ZL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.17 | 0.59 | -0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | 0.02 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.01 | 0.14 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.29 | -0.02 |
Drawdowns
D5BK.DE vs. H4ZL.DE - Drawdown Comparison
The maximum D5BK.DE drawdown since its inception was -46.41%, which is greater than H4ZL.DE's maximum drawdown of -41.97%. Use the drawdown chart below to compare losses from any high point for D5BK.DE and H4ZL.DE.
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Drawdown Indicators
| D5BK.DE | H4ZL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.41% | -41.97% | -4.44% |
Max Drawdown (1Y)Largest decline over 1 year | -15.61% | -7.82% | -7.79% |
Max Drawdown (3Y)Largest decline over 3 years | -21.61% | -20.68% | -0.93% |
Max Drawdown (5Y)Largest decline over 5 years | -46.41% | -30.45% | -15.96% |
Max Drawdown (10Y)Largest decline over 10 years | -46.41% | -41.97% | -4.44% |
Current DrawdownCurrent decline from peak | -28.23% | -13.81% | -14.42% |
Average DrawdownAverage peak-to-trough decline | -13.98% | -10.80% | -3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.05% | 2.67% | +3.38% |
Volatility
D5BK.DE vs. H4ZL.DE - Volatility Comparison
Xtrackers FTSE EPRA/NAREIT Developed Europe Real Estate UCITS ETF 1C (D5BK.DE) has a higher volatility of 4.80% compared to HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (H4ZL.DE) at 2.88%. This indicates that D5BK.DE's price experiences larger fluctuations and is considered to be riskier than H4ZL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| D5BK.DE | H4ZL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 2.88% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 13.17% | 8.34% | +4.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.75% | 11.21% | +4.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.49% | 14.69% | +6.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.95% | 16.27% | +3.68% |
D5BK.DE vs. H4ZL.DE - Expense Ratio Comparison
D5BK.DE has a 0.33% expense ratio, which is higher than H4ZL.DE's 0.24% expense ratio.
Dividends
D5BK.DE vs. H4ZL.DE - Dividend Comparison
Neither D5BK.DE nor H4ZL.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
D5BK.DE Xtrackers FTSE EPRA/NAREIT Developed Europe Real Estate UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
D5BK.DE and H4ZL.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.33% for D5BK.DE.
D5BK.DE tracks FTSE EPRA/NAREIT Developed Europe, while H4ZL.DE tracks FTSE EPRA/NAREIT Developed. They also come from different issuers: Xtrackers and HSBC. Their fees differ too: 0.33% for D5BK.DE and 0.24% for H4ZL.DE.
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