H4ZF.DE vs. UBU9.DE
H4ZF.DE (HSBC S&P 500 UCITS ETF USD) and UBU9.DE (UBS Core S&P 500 UCITS ETF USD dis) are both S&P 500 funds - H4ZF.DE tracks the S&P 500 Index while UBU9.DE tracks the S&P 500. Both are passively managed. Over the past 10 years, H4ZF.DE returned 15.80%/yr vs 14.73%/yr for UBU9.DE. With a 0.99 correlation, they move nearly in lockstep. H4ZF.DE charges 0.09%/yr vs 0.03%/yr for UBU9.DE.
Performance
H4ZF.DE vs. UBU9.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with H4ZF.DE having a 11.35% return and UBU9.DE slightly lower at 11.29%. Over the past 10 years, H4ZF.DE has outperformed UBU9.DE with an annualized return of 15.80%, while UBU9.DE has yielded a comparatively lower 14.73% annualized return.
H4ZF.DE
- 1D
- -0.12%
- 1M
- 4.35%
- YTD
- 11.35%
- 6M
- 10.84%
- 1Y
- 25.55%
- 3Y*
- 18.88%
- 5Y*
- 14.74%
- 10Y*
- 15.80%
UBU9.DE
- 1D
- -0.13%
- 1M
- 4.33%
- YTD
- 11.29%
- 6M
- 10.76%
- 1Y
- 25.48%
- 3Y*
- 18.75%
- 5Y*
- 14.63%
- 10Y*
- 14.73%
H4ZF.DE vs. UBU9.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
H4ZF.DE HSBC S&P 500 UCITS ETF USD | 11.35% | 4.74% | 32.24% | 22.66% | -14.40% | 40.68% | 7.94% | 36.99% | 0.78% | 8.65% |
UBU9.DE UBS Core S&P 500 UCITS ETF USD dis | 11.29% | 4.68% | 32.18% | 22.24% | -14.31% | 40.34% | 6.45% | 34.24% | -1.39% | 6.52% |
Correlation
The correlation between H4ZF.DE and UBU9.DE is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since May 31, 2012 | 0.99 |
The correlation between H4ZF.DE and UBU9.DE has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
H4ZF.DE vs. UBU9.DE — Risk / Return Rank
H4ZF.DE
UBU9.DE
H4ZF.DE vs. UBU9.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC S&P 500 UCITS ETF USD (H4ZF.DE) and UBS Core S&P 500 UCITS ETF USD dis (UBU9.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.
| H4ZF.DE | UBU9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.41 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 3.53 | +0.03 |
| Martin ratioReturn relative to average drawdown | 12.69 | 12.53 | +0.16 |
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
| H4ZF.DE | UBU9.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 2.20 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.95 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | 0.91 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.94 | +0.09 |
Drawdowns
H4ZF.DE vs. UBU9.DE - Drawdown Comparison
The maximum H4ZF.DE drawdown since its inception was -33.82%, roughly equal to the maximum UBU9.DE drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for H4ZF.DE and UBU9.DE.
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Drawdown Indicators
| H4ZF.DE | UBU9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.82% | -33.82% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -7.19% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -23.32% | -23.30% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -23.32% | -23.30% | -0.02% |
Max Drawdown (10Y)Largest decline over 10 years | -33.82% | -33.82% | 0.00% |
Current DrawdownCurrent decline from peak | -0.44% | -0.45% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -4.01% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 2.03% | -0.02% |
Volatility
H4ZF.DE vs. UBU9.DE - Volatility Comparison
HSBC S&P 500 UCITS ETF USD (H4ZF.DE) and UBS Core S&P 500 UCITS ETF USD dis (UBU9.DE) have volatilities of 2.68% and 2.66%, 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.
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Volatility by Period
| H4ZF.DE | UBU9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 2.66% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 7.59% | 7.60% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.61% | 11.55% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.20% | 15.21% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 16.10% | +0.02% |
H4ZF.DE vs. UBU9.DE - Expense Ratio Comparison
H4ZF.DE has a 0.09% expense ratio, which is higher than UBU9.DE's 0.03% 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
H4ZF.DE vs. UBU9.DE - Dividend Comparison
H4ZF.DE's dividend yield for the trailing twelve months is around 0.82%, more than UBU9.DE's 0.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H4ZF.DE HSBC S&P 500 UCITS ETF USD | 0.82% | 0.95% | 0.96% | 1.19% | 1.32% | 0.91% | 2.24% | 2.98% | 3.49% | 3.23% | 3.29% | 4.21% |
UBU9.DE UBS Core S&P 500 UCITS ETF USD dis | 0.80% | 0.90% | 0.88% | 1.05% | 1.22% | 0.75% | 1.23% | 1.21% | 1.30% | 1.35% | 1.51% | 1.38% |
Frequently Asked Questions
With a correlation of 1.00, H4ZF.DE and UBU9.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, UBU9.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UBU9.DE is cheaper with a 0.03% expense ratio, compared with 0.09% for H4ZF.DE.
H4ZF.DE tracks S&P 500 Index, while UBU9.DE tracks S&P 500. They also come from different issuers: HSBC and UBS. Their fees differ too: 0.09% for H4ZF.DE and 0.03% for UBU9.DE.
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