H4ZL.DE vs. E127.L
H4ZL.DE (HSBC FTSE EPRA NAREIT Developed UCITS ETF USD) and E127.L (Amundi MSCI Emerging Markets II UCITS ETF Dist) are both exchange-traded funds - H4ZL.DE is a REIT fund tracking the FTSE EPRA/NAREIT Developed, while E127.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, H4ZL.DE returned 0.30%/yr vs 9.07%/yr for E127.L. At a 0.36 correlation, their price movements are largely independent. H4ZL.DE charges 0.24%/yr vs 0.14%/yr for E127.L.
Performance
H4ZL.DE vs. E127.L - Performance Comparison
Loading charts...
Different Trading Currencies
H4ZL.DE is traded in EUR, while E127.L is traded in GBP. To make them comparable, the E127.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, H4ZL.DE achieves a 6.32% return, which is significantly lower than E127.L's 27.31% return.
H4ZL.DE
- 1D
- -0.02%
- 1M
- -2.45%
- YTD
- 6.32%
- 6M
- 5.97%
- 1Y
- 6.50%
- 3Y*
- 3.13%
- 5Y*
- 0.30%
- 10Y*
- 2.35%
E127.L
- 1D
- -1.49%
- 1M
- 6.14%
- YTD
- 27.31%
- 6M
- 30.02%
- 1Y
- 50.70%
- 3Y*
- 21.58%
- 5Y*
- 9.07%
- 10Y*
- —
H4ZL.DE vs. E127.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
H4ZL.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD | 6.32% | -4.65% | 2.27% | 6.12% | -20.22% | 36.90% | 10.29% |
E127.L Amundi MSCI Emerging Markets II UCITS ETF Dist | 27.33% | 19.25% | 15.43% | 5.67% | -14.31% | 5.14% | 23.85% |
Correlation
The correlation between H4ZL.DE and E127.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.36 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
H4ZL.DE vs. E127.L — Risk / Return Rank
H4ZL.DE
E127.L
H4ZL.DE vs. E127.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (H4ZL.DE) and Amundi MSCI Emerging Markets II UCITS ETF Dist (E127.L). 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.
| H4ZL.DE | E127.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -2.95 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.52 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 4.76 | -3.91 |
| Martin ratioReturn relative to average drawdown | 2.48 | 17.42 | -14.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| H4ZL.DE | E127.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 2.87 | -2.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.54 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.76 | -0.47 |
Drawdowns
H4ZL.DE vs. E127.L - Drawdown Comparison
The maximum H4ZL.DE drawdown since its inception was -41.97%, which is greater than E127.L's maximum drawdown of -25.46%. Use the drawdown chart below to compare losses from any high point for H4ZL.DE and E127.L.
Loading charts...
Drawdown Indicators
| H4ZL.DE | E127.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.97% | -25.46% | -16.51% |
Max Drawdown (1Y)Largest decline over 1 year | -7.82% | -10.60% | +2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -20.68% | -17.91% | -2.77% |
Max Drawdown (5Y)Largest decline over 5 years | -30.45% | -22.93% | -7.52% |
Max Drawdown (10Y)Largest decline over 10 years | -41.97% | — | — |
Current DrawdownCurrent decline from peak | -13.81% | -2.50% | -11.31% |
Average DrawdownAverage peak-to-trough decline | -10.80% | -9.18% | -1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 2.90% | -0.23% |
Volatility
H4ZL.DE vs. E127.L - Volatility Comparison
The current volatility for HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (H4ZL.DE) is 2.88%, while Amundi MSCI Emerging Markets II UCITS ETF Dist (E127.L) has a volatility of 7.44%. This indicates that H4ZL.DE experiences smaller price fluctuations and is considered to be less risky than E127.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| H4ZL.DE | E127.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 7.44% | -4.56% |
Volatility (6M)Calculated over the trailing 6-month period | 8.34% | 14.71% | -6.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.21% | 17.58% | -6.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.69% | 16.74% | -2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.27% | 16.86% | -0.59% |
H4ZL.DE vs. E127.L - Expense Ratio Comparison
H4ZL.DE has a 0.24% expense ratio, which is higher than E127.L's 0.14% 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
H4ZL.DE vs. E127.L - Dividend Comparison
H4ZL.DE has not paid dividends to shareholders, while E127.L's dividend yield for the trailing twelve months is around 1.96%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
E127.L Amundi MSCI Emerging Markets II UCITS ETF Dist | 1.96% | 2.47% | 4.04% | 4.40% | 2.79% | 2.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
H4ZL.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD | 0.00% | 0.00% | 0.00% | 2.63% | 3.62% | 2.19% | 3.13% | 2.95% | 3.29% | 3.08% | 2.96% | 2.67% |
Frequently Asked Questions
H4ZL.DE and E127.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, E127.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
E127.L is cheaper with a 0.14% expense ratio, compared with 0.24% for H4ZL.DE.
H4ZL.DE is categorized as REIT, while E127.L is Emerging Markets Equities. H4ZL.DE tracks FTSE EPRA/NAREIT Developed, while E127.L tracks MSCI EM NR USD. They also come from different issuers: HSBC and Amundi. Their fees differ too: 0.24% for H4ZL.DE and 0.14% for E127.L.
Find the right allocation for H4ZL.DE and E127.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer