H4Z7.DE vs. IQQ7.DE
H4Z7.DE (HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc)) and IQQ7.DE (iShares US Property Yield UCITS ETF) are both REIT funds - H4Z7.DE tracks the FTSE EPRA/NAREIT Developed while IQQ7.DE tracks the FTSE EPRA/NAREIT United States Dividend+. Both are passively managed. Over the past 3 years, H4Z7.DE returned 6.21%/yr vs 7.46%/yr for IQQ7.DE. Their correlation of 0.93 suggests significant overlap in exposure. H4Z7.DE charges 0.24%/yr vs 0.40%/yr for IQQ7.DE.
Performance
H4Z7.DE vs. IQQ7.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 IQQ7.DE's 14.24% return.
H4Z7.DE
- 1D
- -0.12%
- 1M
- -2.61%
- YTD
- 7.83%
- 6M
- 7.26%
- 1Y
- 9.73%
- 3Y*
- 6.21%
- 5Y*
- —
- 10Y*
- —
IQQ7.DE
- 1D
- -0.04%
- 1M
- -0.03%
- YTD
- 14.24%
- 6M
- 13.41%
- 1Y
- 12.16%
- 3Y*
- 7.46%
- 5Y*
- 4.46%
- 10Y*
- 4.47%
H4Z7.DE vs. IQQ7.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% | -13.07% |
IQQ7.DE iShares US Property Yield UCITS ETF | 14.24% | -9.38% | 10.73% | 9.18% | -14.28% |
Correlation
The correlation between H4Z7.DE and IQQ7.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2022 | 0.93 |
The correlation between H4Z7.DE and IQQ7.DE has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
H4Z7.DE vs. IQQ7.DE — Risk / Return Rank
H4Z7.DE
IQQ7.DE
H4Z7.DE vs. IQQ7.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 iShares US Property Yield UCITS ETF (IQQ7.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 | IQQ7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.17 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.96 | -0.73 |
| Martin ratioReturn relative to average drawdown | 3.99 | 4.13 | -0.14 |
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 | IQQ7.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.94 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.25 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.22 | -0.14 |
Drawdowns
H4Z7.DE vs. IQQ7.DE - Drawdown Comparison
The maximum H4Z7.DE drawdown since its inception was -26.78%, smaller than the maximum IQQ7.DE drawdown of -68.97%. Use the drawdown chart below to compare losses from any high point for H4Z7.DE and IQQ7.DE.
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Drawdown Indicators
| H4Z7.DE | IQQ7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.78% | -68.97% | +42.19% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -6.13% | -1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -24.01% | +3.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.10% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.21% | — |
Current DrawdownCurrent decline from peak | -2.86% | -5.01% | +2.15% |
Average DrawdownAverage peak-to-trough decline | -11.53% | -14.82% | +3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 2.92% | -0.50% |
Volatility
H4Z7.DE vs. IQQ7.DE - Volatility Comparison
The current volatility for HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) (H4Z7.DE) is 2.87%, while iShares US Property Yield UCITS ETF (IQQ7.DE) has a volatility of 3.27%. This indicates that H4Z7.DE experiences smaller price fluctuations and is considered to be less risky than IQQ7.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 | IQQ7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 3.27% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 8.99% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.25% | 12.78% | -1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 17.35% | -2.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.42% | 20.09% | -5.67% |
H4Z7.DE vs. IQQ7.DE - Expense Ratio Comparison
H4Z7.DE has a 0.24% expense ratio, which is lower than IQQ7.DE's 0.40% expense ratio.
Dividends
H4Z7.DE vs. IQQ7.DE - Dividend Comparison
H4Z7.DE has not paid dividends to shareholders, while IQQ7.DE's dividend yield for the trailing twelve months is around 2.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IQQ7.DE iShares US Property Yield UCITS ETF | 2.98% | 3.36% | 2.99% | 3.21% | 3.87% | 2.04% | 3.54% | 3.11% | 4.53% | 3.38% | 3.34% | 2.94% |
Frequently Asked Questions
H4Z7.DE and IQQ7.DE have a correlation of 0.90, 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 0.40% for IQQ7.DE.
H4Z7.DE tracks FTSE EPRA/NAREIT Developed, while IQQ7.DE tracks FTSE EPRA/NAREIT United States Dividend+. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.24% for H4Z7.DE and 0.40% for IQQ7.DE.
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