H4Z7.DE vs. R8T.DE
H4Z7.DE (HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc)) and R8T.DE (abrdn Future Real Estate UCITS ETF) are both REIT funds. H4Z7.DE is passively managed, while R8T.DE is actively managed. Over the past 3 years, H4Z7.DE returned 6.21%/yr vs 3.46%/yr for R8T.DE. With a 0.95 correlation, they move nearly in lockstep. H4Z7.DE charges 0.24%/yr vs 0.40%/yr for R8T.DE.
Performance
H4Z7.DE vs. R8T.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, H4Z7.DE achieves a 7.83% return, which is significantly higher than R8T.DE's 5.83% return.
H4Z7.DE
- 1D
- -0.12%
- 1M
- -2.61%
- YTD
- 7.83%
- 6M
- 7.26%
- 1Y
- 9.73%
- 3Y*
- 6.21%
- 5Y*
- —
- 10Y*
- —
R8T.DE
- 1D
- -0.18%
- 1M
- -2.52%
- YTD
- 5.83%
- 6M
- 5.30%
- 1Y
- 6.12%
- 3Y*
- 3.46%
- 5Y*
- —
- 10Y*
- —
H4Z7.DE vs. R8T.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
H4Z7.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) | 7.83% | -1.78% | 5.80% | 4.56% |
R8T.DE abrdn Future Real Estate UCITS ETF | 5.83% | -3.97% | 2.59% | 5.29% |
Correlation
The correlation between H4Z7.DE and R8T.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2023 | 0.95 |
The correlation between H4Z7.DE and R8T.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
H4Z7.DE vs. R8T.DE — Risk / Return Rank
H4Z7.DE
R8T.DE
H4Z7.DE vs. R8T.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 abrdn Future Real Estate UCITS ETF (R8T.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 | R8T.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.11 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 0.32 | +0.91 |
| Martin ratioReturn relative to average drawdown | 3.99 | 0.55 | +3.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| H4Z7.DE | R8T.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.24 | +0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.16 | -0.07 |
Drawdowns
H4Z7.DE vs. R8T.DE - Drawdown Comparison
The maximum H4Z7.DE drawdown since its inception was -26.78%, which is greater than R8T.DE's maximum drawdown of -21.76%. Use the drawdown chart below to compare losses from any high point for H4Z7.DE and R8T.DE.
Loading charts...
Drawdown Indicators
| H4Z7.DE | R8T.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.78% | -21.76% | -5.02% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -18.35% | +10.49% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -21.76% | +1.63% |
Current DrawdownCurrent decline from peak | -2.86% | -11.79% | +8.93% |
Average DrawdownAverage peak-to-trough decline | -11.53% | -7.54% | -3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 10.72% | -8.30% |
Volatility
H4Z7.DE vs. R8T.DE - Volatility Comparison
HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) (H4Z7.DE) and abrdn Future Real Estate UCITS ETF (R8T.DE) have volatilities of 2.87% and 2.99%, 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.
Loading charts...
Volatility by Period
| H4Z7.DE | R8T.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 2.99% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 9.05% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.25% | 24.56% | -13.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 18.55% | -4.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.42% | 18.55% | -4.13% |
H4Z7.DE vs. R8T.DE - Expense Ratio Comparison
H4Z7.DE has a 0.24% expense ratio, which is lower than R8T.DE's 0.40% expense ratio.
Dividends
H4Z7.DE vs. R8T.DE - Dividend Comparison
Neither H4Z7.DE nor R8T.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, H4Z7.DE and R8T.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.
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 R8T.DE.
They also come from different issuers: HSBC and abrdn. Their fees differ too: 0.24% for H4Z7.DE and 0.40% for R8T.DE.
Find the right allocation for H4Z7.DE and R8T.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer