ESAD.DE vs. H4ZL.DE

Last updated Apr 2, 2026

Compare and contrast key facts about BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation (ESAD.DE) and HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (H4ZL.DE).

ESAD.DE and H4ZL.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ESAD.DE is a passively managed fund by BNP Paribas that tracks the performance of the FTSE EPRA Nareit Developed Green EU CTB. It was launched on Dec 6, 2024. H4ZL.DE is a passively managed fund by HSBC that tracks the performance of the FTSE EPRA/NAREIT Developed. It was launched on Jun 20, 2011. Both ESAD.DE and H4ZL.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ESAD.DE vs. H4ZL.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation (ESAD.DE) and HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (H4ZL.DE). The values are adjusted to include any dividend payments, if applicable.

ESAD.DE vs. H4ZL.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ESAD.DE BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation	2.81%	-3.81%	3.54%	7.64%	-19.66%
H4ZL.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD	2.63%	-4.65%	2.27%	6.12%	-17.06%

Returns By Period

In the year-to-date period, ESAD.DE achieves a 2.81% return, which is significantly higher than H4ZL.DE's 2.63% return.

ESAD.DE

• 1D: 0.95%
• 1M: -6.49%
• YTD: 2.81%
• 6M: 1.34%
• 1Y: -0.05%
• 3Y*: 4.15%
• 5Y*: —
• 10Y*: —

H4ZL.DE

• 1D: 0.90%
• 1M: -6.17%
• YTD: 2.63%
• 6M: 1.01%
• 1Y: -0.64%
• 3Y*: 2.60%
• 5Y*: 0.73%
• 10Y*: 2.17%

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

ESAD.DE vs. H4ZL.DE - Expense Ratio Comparison

ESAD.DE has a 0.41% expense ratio, which is higher than H4ZL.DE's 0.24% expense ratio.

ESAD.DE

BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation

H4ZL.DE

HSBC FTSE EPRA NAREIT Developed UCITS ETF USD

Return for Risk

ESAD.DE vs. H4ZL.DE — Risk / Return Rank

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

ESAD.DE

ESAD.DE Risk / Return Rank: 11
ESAD.DE Sharpe Ratio Rank: 11
ESAD.DE Sortino Ratio Rank: 11
ESAD.DE Omega Ratio Rank: 11
ESAD.DE Calmar Ratio Rank: 12
ESAD.DE Martin Ratio Rank: 12

H4ZL.DE

H4ZL.DE Risk / Return Rank: 10
H4ZL.DE Sharpe Ratio Rank: 11
H4ZL.DE Sortino Ratio Rank: 10
H4ZL.DE Omega Ratio Rank: 10
H4ZL.DE Calmar Ratio Rank: 11
H4ZL.DE Martin Ratio Rank: 10

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.

ESAD.DE vs. H4ZL.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation (ESAD.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.

	ESAD.DE	H4ZL.DE	Difference
Sharpe ratio Return per unit of total volatility	-0.00	-0.04	+0.04
Sortino ratio Return per unit of downside risk	0.09	0.04	+0.05
Omega ratio Gain probability vs. loss probability	1.01	1.01	+0.01
Calmar ratio Return relative to maximum drawdown	0.05	-0.03	+0.08
Martin ratio Return relative to average drawdown	0.14	-0.11	+0.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESAD.DE vs. H4ZL.DE - Sharpe Ratio Comparison

The current ESAD.DE Sharpe Ratio is -0.00, which is higher than the H4ZL.DE Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of ESAD.DE and H4ZL.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ESAD.DE	H4ZL.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.00	-0.04	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.05	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.21	0.28	-0.48

Correlation

The correlation between ESAD.DE and H4ZL.DE is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ESAD.DE vs. H4ZL.DE - Dividend Comparison

Neither ESAD.DE nor H4ZL.DE has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ESAD.DE BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation	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%

Drawdowns

ESAD.DE vs. H4ZL.DE - Drawdown Comparison

The maximum ESAD.DE drawdown since its inception was -30.37%, smaller than the maximum H4ZL.DE drawdown of -41.97%. Use the drawdown chart below to compare losses from any high point for ESAD.DE and H4ZL.DE.

Drawdown Indicators

	ESAD.DE	H4ZL.DE	Difference
Max Drawdown Largest peak-to-trough decline	-30.37%	-41.97%	+11.60%
Max Drawdown (1Y) Largest decline over 1 year	-11.36%	-13.13%	+1.77%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.45%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.97%	—
Current Drawdown Current decline from peak	-15.51%	-16.80%	+1.29%
Average Drawdown Average peak-to-trough decline	-17.84%	-10.77%	-7.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	3.00%	-0.04%

Volatility

ESAD.DE vs. H4ZL.DE - Volatility Comparison

BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation (ESAD.DE) and HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (H4ZL.DE) have volatilities of 4.55% and 4.34%, 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

	ESAD.DE	H4ZL.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	4.34%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	8.69%	7.99%	+0.70%
Volatility (1Y) Calculated over the trailing 1-year period	14.13%	14.66%	-0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.90%	14.67%	+0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.90%	16.28%	-1.38%