H4ZF.DE vs. ZA30.DE
H4ZF.DE (HSBC S&P 500 UCITS ETF USD) and ZA30.DE (iShares S&P 500 ESG UCITS ETF USD Acc) are both S&P 500 funds - H4ZF.DE tracks the S&P 500 Index while ZA30.DE tracks the S&P 500 ESG. Both are passively managed. Over the past 3 years, H4ZF.DE returned 18.88%/yr vs 18.54%/yr for ZA30.DE. With a 0.98 correlation, they move nearly in lockstep. H4ZF.DE charges 0.09%/yr vs 0.07%/yr for ZA30.DE.
Performance
H4ZF.DE vs. ZA30.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 ZA30.DE slightly lower at 11.16%.
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%
ZA30.DE
- 1D
- 0.60%
- 1M
- 5.42%
- YTD
- 11.16%
- 6M
- 11.63%
- 1Y
- 28.62%
- 3Y*
- 18.54%
- 5Y*
- —
- 10Y*
- —
H4ZF.DE vs. ZA30.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
H4ZF.DE HSBC S&P 500 UCITS ETF USD | 11.35% | 4.74% | 32.24% | 22.66% | -6.41% |
ZA30.DE iShares S&P 500 ESG UCITS ETF USD Acc | 11.16% | 5.34% | 31.19% | 24.10% | -5.78% |
Correlation
The correlation between H4ZF.DE and ZA30.DE is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2022 | 0.98 |
The correlation between H4ZF.DE and ZA30.DE has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
H4ZF.DE vs. ZA30.DE — Risk / Return Rank
H4ZF.DE
ZA30.DE
H4ZF.DE vs. ZA30.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 iShares S&P 500 ESG UCITS ETF USD Acc (ZA30.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 | ZA30.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.46 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 4.12 | -0.56 |
| Martin ratioReturn relative to average drawdown | 12.69 | 15.63 | -2.95 |
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
| H4ZF.DE | ZA30.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 2.47 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 1.18 | -0.15 |
Drawdowns
H4ZF.DE vs. ZA30.DE - Drawdown Comparison
The maximum H4ZF.DE drawdown since its inception was -33.82%, which is greater than ZA30.DE's maximum drawdown of -23.45%. Use the drawdown chart below to compare losses from any high point for H4ZF.DE and ZA30.DE.
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Drawdown Indicators
| H4ZF.DE | ZA30.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.82% | -23.45% | -10.37% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -6.91% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -23.32% | -23.45% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -23.32% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.82% | — | — |
Current DrawdownCurrent decline from peak | -0.44% | 0.00% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -3.22% | -0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.83% | +0.18% |
Volatility
H4ZF.DE vs. ZA30.DE - Volatility Comparison
HSBC S&P 500 UCITS ETF USD (H4ZF.DE) and iShares S&P 500 ESG UCITS ETF USD Acc (ZA30.DE) have volatilities of 2.68% and 2.73%, 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 | ZA30.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 2.73% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 7.59% | 7.54% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.61% | 11.54% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.20% | 14.38% | +0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 14.38% | +1.74% |
H4ZF.DE vs. ZA30.DE - Expense Ratio Comparison
H4ZF.DE has a 0.09% expense ratio, which is higher than ZA30.DE's 0.07% 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. ZA30.DE - Dividend Comparison
H4ZF.DE's dividend yield for the trailing twelve months is around 0.82%, while ZA30.DE has not paid dividends to shareholders.
| 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% |
ZA30.DE iShares S&P 500 ESG UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, H4ZF.DE and ZA30.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, ZA30.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZA30.DE is cheaper with a 0.07% expense ratio, compared with 0.09% for H4ZF.DE.
H4ZF.DE tracks S&P 500 Index, while ZA30.DE tracks S&P 500 ESG. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.09% for H4ZF.DE and 0.07% for ZA30.DE.
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