H4Z7.DE vs. WTRE.DE
H4Z7.DE (HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc)) and WTRE.DE (WisdomTree New Economy Real Estate UCITS ETF USD Acc) are both REIT funds - H4Z7.DE tracks the FTSE EPRA/NAREIT Developed while WTRE.DE tracks the CenterSquare New Economy Real Estate. Both are passively managed. Over the past 3 years, H4Z7.DE returned 6.21%/yr vs 16.45%/yr for WTRE.DE. Their correlation of 0.80 suggests significant overlap in exposure. H4Z7.DE charges 0.24%/yr vs 0.45%/yr for WTRE.DE.
Performance
H4Z7.DE vs. WTRE.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 WTRE.DE's 23.44% return.
H4Z7.DE
- 1D
- -0.12%
- 1M
- -2.61%
- YTD
- 7.83%
- 6M
- 7.26%
- 1Y
- 9.73%
- 3Y*
- 6.21%
- 5Y*
- —
- 10Y*
- —
WTRE.DE
- 1D
- -1.20%
- 1M
- 3.03%
- YTD
- 23.44%
- 6M
- 20.66%
- 1Y
- 42.64%
- 3Y*
- 16.45%
- 5Y*
- —
- 10Y*
- —
H4Z7.DE vs. WTRE.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% |
WTRE.DE WisdomTree New Economy Real Estate UCITS ETF USD Acc | 23.44% | 17.67% | 0.40% | 10.12% | -16.88% |
Correlation
The correlation between H4Z7.DE and WTRE.DE is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2022 | 0.80 |
Over the past year, the correlation between H4Z7.DE and WTRE.DE has dropped to 0.53 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
H4Z7.DE vs. WTRE.DE — Risk / Return Rank
H4Z7.DE
WTRE.DE
H4Z7.DE vs. WTRE.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 WisdomTree New Economy Real Estate UCITS ETF USD Acc (WTRE.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 | WTRE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.36 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 3.24 | -2.01 |
| Martin ratioReturn relative to average drawdown | 3.99 | 8.61 | -4.62 |
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 | WTRE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 2.23 | -1.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.38 | -0.30 |
Drawdowns
H4Z7.DE vs. WTRE.DE - Drawdown Comparison
The maximum H4Z7.DE drawdown since its inception was -26.78%, smaller than the maximum WTRE.DE drawdown of -32.32%. Use the drawdown chart below to compare losses from any high point for H4Z7.DE and WTRE.DE.
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Drawdown Indicators
| H4Z7.DE | WTRE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.78% | -32.32% | +5.54% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -13.63% | +5.77% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -23.53% | +3.40% |
Current DrawdownCurrent decline from peak | -2.86% | -2.46% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -11.53% | -15.54% | +4.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 5.13% | -2.71% |
Volatility
H4Z7.DE vs. WTRE.DE - Volatility Comparison
The current volatility for HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) (H4Z7.DE) is 2.87%, while WisdomTree New Economy Real Estate UCITS ETF USD Acc (WTRE.DE) has a volatility of 6.78%. This indicates that H4Z7.DE experiences smaller price fluctuations and is considered to be less risky than WTRE.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 | WTRE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 6.78% | -3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 13.94% | -5.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.25% | 19.83% | -8.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 17.54% | -3.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.42% | 17.54% | -3.12% |
H4Z7.DE vs. WTRE.DE - Expense Ratio Comparison
H4Z7.DE has a 0.24% expense ratio, which is lower than WTRE.DE's 0.45% expense ratio.
Dividends
H4Z7.DE vs. WTRE.DE - Dividend Comparison
Neither H4Z7.DE nor WTRE.DE has paid dividends to shareholders.
Frequently Asked Questions
H4Z7.DE and WTRE.DE have a correlation of 0.53, 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 0.45% for WTRE.DE.
H4Z7.DE tracks FTSE EPRA/NAREIT Developed, while WTRE.DE tracks CenterSquare New Economy Real Estate. They also come from different issuers: HSBC and WisdomTree. Their fees differ too: 0.24% for H4Z7.DE and 0.45% for WTRE.DE.
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