H4Z7.DE vs. ZPRV.DE
H4Z7.DE (HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc)) and ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - H4Z7.DE is a REIT fund tracking the FTSE EPRA/NAREIT Developed, while ZPRV.DE is a Small Cap Value Equities fund tracking the MSCI USA Small Cap Value Weighted Index. Both are passively managed. Over the past 3 years, H4Z7.DE returned 7.60%/yr vs 16.90%/yr for ZPRV.DE. A 0.67 correlation means they provide meaningful diversification when combined. H4Z7.DE charges 0.24%/yr vs 0.30%/yr for ZPRV.DE.
Performance
H4Z7.DE vs. ZPRV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4Z7.DE achieves a 10.39% return, which is significantly lower than ZPRV.DE's 17.66% return.
H4Z7.DE
- 1D
- 0.00%
- 1M
- 0.31%
- YTD
- 10.39%
- 6M
- 10.98%
- 1Y
- 12.21%
- 3Y*
- 7.60%
- 5Y*
- —
- 10Y*
- —
ZPRV.DE
- 1D
- 0.32%
- 1M
- 5.95%
- YTD
- 17.66%
- 6M
- 17.12%
- 1Y
- 37.03%
- 3Y*
- 16.90%
- 5Y*
- 11.53%
- 10Y*
- 11.95%
H4Z7.DE vs. ZPRV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
H4Z7.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) | 10.39% | -1.78% | 5.80% | 7.39% | -12.91% |
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 17.66% | 2.99% | 14.07% | 19.11% | -4.59% |
Correlation
The correlation between H4Z7.DE and ZPRV.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2022 | 0.67 |
The correlation between H4Z7.DE and ZPRV.DE shifts across timeframes, from 0.51 (1 year) to 0.67 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
H4Z7.DE vs. ZPRV.DE — Risk / Return Rank
H4Z7.DE
ZPRV.DE
H4Z7.DE vs. ZPRV.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 SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| H4Z7.DE | ZPRV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.44 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 6.57 | -4.96 |
| Martin ratioReturn relative to average drawdown | 5.47 | 20.56 | -15.09 |
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Drawdowns
H4Z7.DE vs. ZPRV.DE - Drawdown Comparison
The maximum H4Z7.DE drawdown since its inception was -26.78%, smaller than the maximum ZPRV.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for H4Z7.DE and ZPRV.DE.
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Drawdown Indicators
| H4Z7.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.78% | -46.04% | +19.26% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -5.87% | -1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -31.14% | +11.01% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.04% | — |
Current DrawdownCurrent decline from peak | -1.31% | -0.33% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -11.42% | -9.10% | -2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 1.88% | +0.42% |
Volatility
H4Z7.DE vs. ZPRV.DE - Volatility Comparison
HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) (H4Z7.DE) has a higher volatility of 3.42% compared to SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) at 2.83%. This indicates that H4Z7.DE's price experiences larger fluctuations and is considered to be riskier than ZPRV.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 | ZPRV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 2.83% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 8.96% | 9.54% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.59% | 15.68% | -4.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.43% | 20.36% | -5.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.43% | 22.85% | -8.42% |
H4Z7.DE vs. ZPRV.DE - Expense Ratio Comparison
H4Z7.DE has a 0.24% expense ratio, which is lower than ZPRV.DE's 0.30% expense ratio.
Dividends
H4Z7.DE vs. ZPRV.DE - Dividend Comparison
Neither H4Z7.DE nor ZPRV.DE has paid dividends to shareholders.
Frequently Asked Questions
H4Z7.DE and ZPRV.DE have a correlation of 0.51, 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 0.30% for ZPRV.DE.
H4Z7.DE is categorized as REIT, while ZPRV.DE is Small Cap Value Equities. H4Z7.DE tracks FTSE EPRA/NAREIT Developed, while ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index. They also come from different issuers: HSBC and State Street. Their fees differ too: 0.24% for H4Z7.DE and 0.30% for ZPRV.DE.
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