H4Z7.DE vs. SXRS.DE
H4Z7.DE (HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc)) and SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - H4Z7.DE is a REIT fund tracking the FTSE EPRA/NAREIT Developed, while SXRS.DE is a Commodities fund tracking the Bloomberg Commodity. Both are passively managed. Over the past 3 years, H4Z7.DE returned 6.21%/yr vs 12.54%/yr for SXRS.DE. At a 0.08 correlation, their price movements are largely independent. H4Z7.DE charges 0.24%/yr vs 0.19%/yr for SXRS.DE.
Performance
H4Z7.DE vs. SXRS.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 SXRS.DE's 23.84% return.
H4Z7.DE
- 1D
- -0.12%
- 1M
- -2.61%
- YTD
- 7.83%
- 6M
- 7.26%
- 1Y
- 9.73%
- 3Y*
- 6.21%
- 5Y*
- —
- 10Y*
- —
SXRS.DE
- 1D
- -1.56%
- 1M
- -0.35%
- YTD
- 23.84%
- 6M
- 22.88%
- 1Y
- 34.67%
- 3Y*
- 12.54%
- 5Y*
- 12.06%
- 10Y*
- —
H4Z7.DE vs. SXRS.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% |
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 23.84% | 4.72% | 10.95% | -10.44% | -7.77% |
Correlation
The correlation between H4Z7.DE and SXRS.DE is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2022 | 0.08 |
The correlation between H4Z7.DE and SXRS.DE shifts across timeframes, from -0.08 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
H4Z7.DE vs. SXRS.DE — Risk / Return Rank
H4Z7.DE
SXRS.DE
H4Z7.DE vs. SXRS.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 Diversified Commodity Swap UCITS ETF (SXRS.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 | SXRS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.34 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 4.00 | -2.77 |
| Martin ratioReturn relative to average drawdown | 3.99 | 8.95 | -4.95 |
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 | SXRS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 1.87 | -1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.53 | -0.45 |
Drawdowns
H4Z7.DE vs. SXRS.DE - Drawdown Comparison
The maximum H4Z7.DE drawdown since its inception was -26.78%, roughly equal to the maximum SXRS.DE drawdown of -27.64%. Use the drawdown chart below to compare losses from any high point for H4Z7.DE and SXRS.DE.
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Drawdown Indicators
| H4Z7.DE | SXRS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.78% | -27.64% | +0.86% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -8.75% | +0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -16.03% | -4.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.56% | — |
Current DrawdownCurrent decline from peak | -2.86% | -4.99% | +2.13% |
Average DrawdownAverage peak-to-trough decline | -11.53% | -13.12% | +1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 3.92% | -1.50% |
Volatility
H4Z7.DE vs. SXRS.DE - Volatility Comparison
The current volatility for HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) (H4Z7.DE) is 2.87%, while iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) has a volatility of 5.76%. This indicates that H4Z7.DE experiences smaller price fluctuations and is considered to be less risky than SXRS.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 | SXRS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 5.76% | -2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 16.67% | -8.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.25% | 18.76% | -7.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 17.13% | -2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.42% | 15.85% | -1.43% |
H4Z7.DE vs. SXRS.DE - Expense Ratio Comparison
H4Z7.DE has a 0.24% expense ratio, which is higher than SXRS.DE's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
H4Z7.DE vs. SXRS.DE - Dividend Comparison
Neither H4Z7.DE nor SXRS.DE has paid dividends to shareholders.
Frequently Asked Questions
H4Z7.DE and SXRS.DE have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRS.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRS.DE is cheaper with a 0.19% expense ratio, compared with 0.24% for H4Z7.DE.
H4Z7.DE is categorized as REIT, while SXRS.DE is Commodities. H4Z7.DE tracks FTSE EPRA/NAREIT Developed, while SXRS.DE tracks Bloomberg Commodity. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.24% for H4Z7.DE and 0.19% for SXRS.DE.
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