EXI5.DE vs. H4Z7.DE

Last updated Jun 5, 2026

EXI5.DE (iShares STOXX Europe 600 Real Estate UCITS ETF (DE)) and H4Z7.DE (HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc)) are both REIT funds - EXI5.DE tracks the STOXX® Europe 600 Real Estate while H4Z7.DE tracks the FTSE EPRA/NAREIT Developed. Both are passively managed. Over the past 3 years, EXI5.DE returned 6.81%/yr vs 6.21%/yr for H4Z7.DE. A 0.64 correlation means they provide meaningful diversification when combined. EXI5.DE charges 0.46%/yr vs 0.24%/yr for H4Z7.DE.

Performance

EXI5.DE vs. H4Z7.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares STOXX Europe 600 Real Estate UCITS ETF (DE) (EXI5.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, EXI5.DE achieves a -0.40% return, which is significantly lower than H4Z7.DE's 7.83% return.

EXI5.DE

• 1D: 0.83%
• 1M: -2.70%
• YTD: -0.40%
• 6M: 0.52%
• 1Y: -4.69%
• 3Y*: 6.81%
• 5Y*: -4.96%
• 10Y*: -1.04%

H4Z7.DE

• 1D: -0.12%
• 1M: -2.61%
• YTD: 7.83%
• 6M: 7.26%
• 1Y: 9.73%
• 3Y*: 6.21%
• 5Y*: —
• 10Y*: —

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

EXI5.DE vs. H4Z7.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EXI5.DE iShares STOXX Europe 600 Real Estate UCITS ETF (DE)	-0.40%	3.76%	-4.15%	17.26%	-19.24%
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 EXI5.DE and H4Z7.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 (All Time) Calculated using the full available price history since Jul 26, 2022	0.64

The correlation between EXI5.DE and H4Z7.DE has been stable across timeframes, ranging from 0.63 to 0.64 - a consistent structural relationship.

Return for Risk

EXI5.DE vs. H4Z7.DE — Risk / Return Rank

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

EXI5.DE

EXI5.DE Risk / Return Rank: 6
EXI5.DE Sharpe Ratio Rank: 6
EXI5.DE Sortino Ratio Rank: 6
EXI5.DE Omega Ratio Rank: 6
EXI5.DE Calmar Ratio Rank: 6
EXI5.DE Martin Ratio Rank: 6

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.

EXI5.DE vs. H4Z7.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 600 Real Estate UCITS ETF (DE) (EXI5.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.

	EXI5.DE	H4Z7.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.31	0.86	-1.17
Sortino ratio: Return per unit of downside risk	-0.32	1.26	-1.58
Omega ratio: Gain probability vs. loss probability	0.96	1.15	-0.19
Calmar ratio: Return relative to maximum drawdown	-0.32	1.23	-1.55
Martin ratio: Return relative to average drawdown	-0.75	3.99	-4.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EXI5.DE vs. H4Z7.DE - Sharpe Ratio Comparison

The current EXI5.DE Sharpe Ratio is -0.31, which is lower than the H4Z7.DE Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of EXI5.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

	EXI5.DE	H4Z7.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.31	0.86	-1.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.22	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	0.08	-0.10

Drawdowns

EXI5.DE vs. H4Z7.DE - Drawdown Comparison

The maximum EXI5.DE drawdown since its inception was -77.04%, 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 EXI5.DE and H4Z7.DE.

Drawdown Indicators

	EXI5.DE	H4Z7.DE	Difference
Max Drawdown Largest peak-to-trough decline	-77.04%	-26.78%	-50.26%
Max Drawdown (1Y) Largest decline over 1 year	-15.30%	-7.86%	-7.44%
Max Drawdown (3Y) Largest decline over 3 years	-21.03%	-20.13%	-0.90%
Max Drawdown (5Y) Largest decline over 5 years	-48.08%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-48.08%	—	—
Current Drawdown Current decline from peak	-29.97%	-2.86%	-27.11%
Average Drawdown Average peak-to-trough decline	-30.50%	-11.53%	-18.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.50%	2.42%	+4.08%

Volatility

EXI5.DE vs. H4Z7.DE - Volatility Comparison

iShares STOXX Europe 600 Real Estate UCITS ETF (DE) (EXI5.DE) has a higher volatility of 4.75% compared to HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) (H4Z7.DE) at 2.87%. This indicates that EXI5.DE's price experiences larger fluctuations and is considered to be riskier than H4Z7.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EXI5.DE	H4Z7.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.75%	2.87%	+1.88%
Volatility (6M) Calculated over the trailing 6-month period	13.25%	8.56%	+4.69%
Volatility (1Y) Calculated over the trailing 1-year period	15.90%	11.25%	+4.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.21%	14.42%	+7.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.28%	14.42%	+5.86%

EXI5.DE vs. H4Z7.DE - Expense Ratio Comparison

EXI5.DE has a 0.46% expense ratio, which is higher than H4Z7.DE's 0.24% expense ratio.

Dividends

EXI5.DE vs. H4Z7.DE - Dividend Comparison

EXI5.DE's dividend yield for the trailing twelve months is around 2.13%, while H4Z7.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EXI5.DE iShares STOXX Europe 600 Real Estate UCITS ETF (DE)	2.13%	2.02%	1.82%	2.05%	2.19%	0.93%	1.30%	2.10%	2.15%	3.10%	2.80%	2.65%
H4Z7.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EXI5.DE and H4Z7.DE in my portfolio?

EXI5.DE and H4Z7.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.

Which ETF is better, EXI5.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, EXI5.DE or H4Z7.DE?

H4Z7.DE is cheaper with a 0.24% expense ratio, compared with 0.46% for EXI5.DE.

What is the main difference between EXI5.DE and H4Z7.DE?

EXI5.DE tracks STOXX® Europe 600 Real Estate, while H4Z7.DE tracks FTSE EPRA/NAREIT Developed. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.46% for EXI5.DE and 0.24% for H4Z7.DE.