H4Z7.DE vs. H41E.DE
H4Z7.DE (HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc)) and H41E.DE (HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc)) are both exchange-traded funds - H4Z7.DE is a REIT fund tracking the FTSE EPRA/NAREIT Developed, while H41E.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Value SRI ESG Target Select. Both are passively managed. Over the past 3 years, H4Z7.DE returned 6.21%/yr vs 27.78%/yr for H41E.DE. At a 0.35 correlation, their price movements are largely independent. H4Z7.DE charges 0.24%/yr vs 0.35%/yr for H41E.DE.
Performance
H4Z7.DE vs. H41E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4Z7.DE achieves a 7.83% return, which is significantly lower than H41E.DE's 39.52% return.
H4Z7.DE
- 1D
- -0.12%
- 1M
- -2.61%
- YTD
- 7.83%
- 6M
- 7.26%
- 1Y
- 9.73%
- 3Y*
- 6.21%
- 5Y*
- —
- 10Y*
- —
H41E.DE
- 1D
- -1.46%
- 1M
- 8.62%
- YTD
- 39.52%
- 6M
- 41.09%
- 1Y
- 68.44%
- 3Y*
- 27.78%
- 5Y*
- —
- 10Y*
- —
H4Z7.DE vs. H41E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
H4Z7.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) | 7.83% | -1.78% | 5.80% | 7.39% | -3.82% |
H41E.DE HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) | 39.52% | 22.02% | 17.74% | 11.43% | -2.00% |
Correlation
The correlation between H4Z7.DE and H41E.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2022 | 0.35 |
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Return for Risk
H4Z7.DE vs. H41E.DE — Risk / Return Rank
H4Z7.DE
H41E.DE
H4Z7.DE vs. H41E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) (H4Z7.DE) and HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) (H41E.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.
| H4Z7.DE | H41E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.05 | ||
| Sortino ratioReturn per unit of downside risk | -3.75 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.69 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 7.09 | -5.86 |
| Martin ratioReturn relative to average drawdown | 3.99 | 25.00 | -21.01 |
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
| H4Z7.DE | H41E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 3.91 | -3.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 1.56 | -1.48 |
Drawdowns
H4Z7.DE vs. H41E.DE - Drawdown Comparison
The maximum H4Z7.DE drawdown since its inception was -26.78%, which is greater than H41E.DE's maximum drawdown of -20.92%. Use the drawdown chart below to compare losses from any high point for H4Z7.DE and H41E.DE.
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Drawdown Indicators
| H4Z7.DE | H41E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.78% | -20.92% | -5.86% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -9.80% | +1.94% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -20.92% | +0.79% |
Current DrawdownCurrent decline from peak | -2.86% | -3.33% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -11.53% | -3.10% | -8.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 2.79% | -0.37% |
Volatility
H4Z7.DE vs. H41E.DE - Volatility Comparison
The current volatility for HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) (H4Z7.DE) is 2.87%, while HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) (H41E.DE) has a volatility of 7.97%. This indicates that H4Z7.DE experiences smaller price fluctuations and is considered to be less risky than H41E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H4Z7.DE | H41E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 7.97% | -5.10% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 14.66% | -6.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.25% | 17.80% | -6.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 16.06% | -1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.42% | 16.06% | -1.64% |
H4Z7.DE vs. H41E.DE - Expense Ratio Comparison
H4Z7.DE has a 0.24% expense ratio, which is lower than H41E.DE's 0.35% expense ratio.
Dividends
H4Z7.DE vs. H41E.DE - Dividend Comparison
Neither H4Z7.DE nor H41E.DE has paid dividends to shareholders.
Frequently Asked Questions
H4Z7.DE and H41E.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
H4Z7.DE is cheaper with a 0.24% expense ratio, compared with 0.35% for H41E.DE.
H4Z7.DE is categorized as REIT, while H41E.DE is Emerging Markets Equities. H4Z7.DE tracks FTSE EPRA/NAREIT Developed, while H41E.DE tracks MSCI Emerging Markets Value SRI ESG Target Select. Their fees differ too: 0.24% for H4Z7.DE and 0.35% for H41E.DE.
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