H4ZL.DE vs. EEPG.DE
H4ZL.DE (HSBC FTSE EPRA NAREIT Developed UCITS ETF USD) and EEPG.DE (BNP Paribas Easy FTSE EPRA Nareit Developed Europe ex UK Green UCITS ETF) are both REIT funds - H4ZL.DE tracks the FTSE EPRA/NAREIT Developed while EEPG.DE tracks the FTSE EPRA Nareit Developed Europe ex UK Green. Both are passively managed. Over the past 3 years, H4ZL.DE returned 9.37%/yr vs 7.54%/yr for EEPG.DE. A 0.59 correlation means they provide meaningful diversification when combined. H4ZL.DE charges 0.24%/yr vs 0.40%/yr for EEPG.DE.
Performance
H4ZL.DE vs. EEPG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4ZL.DE achieves a 12.75% return, which is significantly higher than EEPG.DE's 1.03% return.
H4ZL.DE
- 1D
- -0.23%
- 1M
- 2.21%
- YTD
- 12.75%
- 6M
- 13.94%
- 1Y
- 15.88%
- 3Y*
- 9.37%
- 5Y*
- —
- 10Y*
- —
EEPG.DE
- 1D
- 0.88%
- 1M
- 1.79%
- YTD
- 1.03%
- 6M
- 2.40%
- 1Y
- -2.98%
- 3Y*
- 7.54%
- 5Y*
- -8.35%
- 10Y*
- —
H4ZL.DE vs. EEPG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
H4ZL.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD | 12.75% | -1.48% | 5.75% | 6.44% |
EEPG.DE BNP Paribas Easy FTSE EPRA Nareit Developed Europe ex UK Green UCITS ETF | 1.03% | 3.20% | -11.23% | 14.75% |
Correlation
The correlation between H4ZL.DE and EEPG.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2023 | 0.59 |
The correlation between H4ZL.DE and EEPG.DE has been stable across timeframes, ranging from 0.58 to 0.59 - a consistent structural relationship.
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Return for Risk
H4ZL.DE vs. EEPG.DE — Risk / Return Rank
H4ZL.DE
EEPG.DE
H4ZL.DE vs. EEPG.DE - 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 BNP Paribas Easy FTSE EPRA Nareit Developed Europe ex UK Green UCITS ETF (EEPG.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.
| H4ZL.DE | EEPG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.58 | ||
| Sortino ratioReturn per unit of downside risk | +2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.98 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | -0.19 | +2.21 |
| Martin ratioReturn relative to average drawdown | 7.07 | -0.40 | +7.47 |
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Drawdowns
H4ZL.DE vs. EEPG.DE - Drawdown Comparison
The maximum H4ZL.DE drawdown since its inception was -20.11%, smaller than the maximum EEPG.DE drawdown of -52.39%. Use the drawdown chart below to compare losses from any high point for H4ZL.DE and EEPG.DE.
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Drawdown Indicators
| H4ZL.DE | EEPG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.11% | -52.39% | +32.28% |
Max Drawdown (1Y)Largest decline over 1 year | -7.84% | -15.93% | +8.09% |
Max Drawdown (3Y)Largest decline over 3 years | -20.11% | -23.61% | +3.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -52.39% | — |
Current DrawdownCurrent decline from peak | -0.23% | -40.47% | +40.24% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -31.61% | +25.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 7.39% | -5.14% |
Volatility
H4ZL.DE vs. EEPG.DE - Volatility Comparison
The current volatility for HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (H4ZL.DE) is 3.58%, while BNP Paribas Easy FTSE EPRA Nareit Developed Europe ex UK Green UCITS ETF (EEPG.DE) has a volatility of 5.22%. This indicates that H4ZL.DE experiences smaller price fluctuations and is considered to be less risky than EEPG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H4ZL.DE | EEPG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.58% | 5.22% | -1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 8.68% | 13.93% | -5.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.34% | 16.82% | -5.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 23.51% | -9.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.00% | 23.95% | -9.95% |
H4ZL.DE vs. EEPG.DE - Expense Ratio Comparison
H4ZL.DE has a 0.24% expense ratio, which is lower than EEPG.DE's 0.40% expense ratio.
Dividends
H4ZL.DE vs. EEPG.DE - Dividend Comparison
H4ZL.DE's dividend yield for the trailing twelve months is around 2.90%, while EEPG.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EEPG.DE BNP Paribas Easy FTSE EPRA Nareit Developed Europe ex UK Green UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
H4ZL.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD | 2.90% | 3.31% | 3.28% | 3.42% |
Frequently Asked Questions
H4ZL.DE and EEPG.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4ZL.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZL.DE is cheaper with a 0.24% expense ratio, compared with 0.40% for EEPG.DE.
H4ZL.DE tracks FTSE EPRA/NAREIT Developed, while EEPG.DE tracks FTSE EPRA Nareit Developed Europe ex UK Green. They also come from different issuers: HSBC and BNP Paribas. Their fees differ too: 0.24% for H4ZL.DE and 0.40% for EEPG.DE.
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