H4Z7.DE vs. LMWE.DE

Last updated Jun 5, 2026

H4Z7.DE (HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc)) and LMWE.DE (Lyxor FTSE EPRA/NAREIT Global Developed UCITS ETF Dist (EUR)) are both REIT funds tracking the FTSE EPRA/NAREIT Developed, from HSBC and Amundi respectively. Both are passively managed. Over the past 3 years, H4Z7.DE returned 6.21%/yr vs 4.39%/yr for LMWE.DE. Their correlation of 0.90 suggests significant overlap in exposure. H4Z7.DE charges 0.24%/yr vs 0.45%/yr for LMWE.DE.

Performance

H4Z7.DE vs. LMWE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) (H4Z7.DE) and Lyxor FTSE EPRA/NAREIT Global Developed UCITS ETF Dist (EUR) (LMWE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with H4Z7.DE having a 7.83% return and LMWE.DE slightly lower at 7.51%.

H4Z7.DE

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

LMWE.DE

• 1D: -0.04%
• 1M: -2.48%
• YTD: 7.51%
• 6M: 7.23%
• 1Y: 9.11%
• 3Y*: 4.39%
• 5Y*: 0.78%
• 10Y*: 2.38%

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

H4Z7.DE vs. LMWE.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%
LMWE.DE Lyxor FTSE EPRA/NAREIT Global Developed UCITS ETF Dist (EUR)	7.51%	-2.27%	4.83%	3.20%	-13.32%

Correlation

The correlation between H4Z7.DE and LMWE.DE is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jul 26, 2022	0.90

The correlation between H4Z7.DE and LMWE.DE has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

Return for Risk

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

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

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

LMWE.DE

LMWE.DE Risk / Return Rank: 26
LMWE.DE Sharpe Ratio Rank: 25
LMWE.DE Sortino Ratio Rank: 24
LMWE.DE Omega Ratio Rank: 24
LMWE.DE Calmar Ratio Rank: 27
LMWE.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.

H4Z7.DE vs. LMWE.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 Lyxor FTSE EPRA/NAREIT Global Developed UCITS ETF Dist (EUR) (LMWE.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	LMWE.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.86	0.86	0.00
Sortino ratio: Return per unit of downside risk	1.26	1.25	+0.01
Omega ratio: Gain probability vs. loss probability	1.15	1.15	0.00
Calmar ratio: Return relative to maximum drawdown	1.23	1.24	-0.01
Martin ratio: Return relative to average drawdown	3.99	3.96	+0.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current H4Z7.DE Sharpe Ratio is 0.86, which is comparable to the LMWE.DE Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of H4Z7.DE and LMWE.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

	H4Z7.DE	LMWE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	0.86	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.05	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.41	-0.33

Drawdowns

H4Z7.DE vs. LMWE.DE - Drawdown Comparison

The maximum H4Z7.DE drawdown since its inception was -26.78%, smaller than the maximum LMWE.DE drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for H4Z7.DE and LMWE.DE.

Drawdown Indicators

	H4Z7.DE	LMWE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-26.78%	-42.37%	+15.59%
Max Drawdown (1Y) Largest decline over 1 year	-7.86%	-7.88%	+0.02%
Max Drawdown (3Y) Largest decline over 3 years	-20.13%	-20.47%	+0.34%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.69%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.37%	—
Current Drawdown Current decline from peak	-2.86%	-11.34%	+8.48%
Average Drawdown Average peak-to-trough decline	-11.53%	-10.67%	-0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	2.42%	0.00%

Volatility

H4Z7.DE vs. LMWE.DE - Volatility Comparison

HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) (H4Z7.DE) and Lyxor FTSE EPRA/NAREIT Global Developed UCITS ETF Dist (EUR) (LMWE.DE) have volatilities of 2.87% and 2.75%, 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

	H4Z7.DE	LMWE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	2.75%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	8.56%	8.23%	+0.33%
Volatility (1Y) Calculated over the trailing 1-year period	11.25%	11.36%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.42%	15.24%	-0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.42%	16.94%	-2.52%

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

H4Z7.DE has a 0.24% expense ratio, which is lower than LMWE.DE's 0.45% expense ratio.

Dividends

H4Z7.DE vs. LMWE.DE - Dividend Comparison

H4Z7.DE has not paid dividends to shareholders, while LMWE.DE's dividend yield for the trailing twelve months is around 2.42%.

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%
LMWE.DE Lyxor FTSE EPRA/NAREIT Global Developed UCITS ETF Dist (EUR)	2.42%	2.61%	3.75%	0.00%	4.18%	2.22%	3.76%	3.37%	3.76%	3.44%	3.65%	4.01%

Frequently Asked Questions

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

With a correlation of 0.91, H4Z7.DE and LMWE.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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

H4Z7.DE is cheaper with a 0.24% expense ratio, compared with 0.45% for LMWE.DE.

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

Both ETFs track FTSE EPRA/NAREIT Developed. They also come from different issuers: HSBC and Amundi. Their fees differ too: 0.24% for H4Z7.DE and 0.45% for LMWE.DE.