H4ZL.DE vs. EQQQ.DE
H4ZL.DE (HSBC FTSE EPRA NAREIT Developed UCITS ETF USD) and EQQQ.DE (Invesco EQQQ NASDAQ-100 UCITS ETF) are both exchange-traded funds - H4ZL.DE is a REIT fund tracking the FTSE EPRA/NAREIT Developed, while EQQQ.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, H4ZL.DE returned 2.35%/yr vs 21.28%/yr for EQQQ.DE. A 0.51 correlation means they provide meaningful diversification when combined. H4ZL.DE charges 0.24%/yr vs 0.30%/yr for EQQQ.DE.
Performance
H4ZL.DE vs. EQQQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4ZL.DE achieves a 6.32% return, which is significantly lower than EQQQ.DE's 20.52% return. Over the past 10 years, H4ZL.DE has underperformed EQQQ.DE with an annualized return of 2.35%, while EQQQ.DE has yielded a comparatively higher 21.28% annualized 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%
EQQQ.DE
- 1D
- -0.85%
- 1M
- 7.99%
- YTD
- 20.52%
- 6M
- 18.72%
- 1Y
- 37.03%
- 3Y*
- 24.54%
- 5Y*
- 18.69%
- 10Y*
- 21.28%
H4ZL.DE vs. EQQQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
H4ZL.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD | 6.32% | -4.65% | 2.27% | 6.12% | -20.22% | 36.90% | -16.99% | 23.91% | -0.81% | -2.27% |
EQQQ.DE Invesco EQQQ NASDAQ-100 UCITS ETF | 20.52% | 6.94% | 33.67% | 51.32% | -30.10% | 39.43% | 34.58% | 42.87% | 3.12% | 15.81% |
Correlation
The correlation between H4ZL.DE and EQQQ.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2013 | 0.51 |
Over the past year, the correlation between H4ZL.DE and EQQQ.DE has dropped to 0.29 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
H4ZL.DE vs. EQQQ.DE — Risk / Return Rank
H4ZL.DE
EQQQ.DE
H4ZL.DE vs. EQQQ.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 Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.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.
| H4ZL.DE | EQQQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.42 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 3.74 | -2.89 |
| Martin ratioReturn relative to average drawdown | 2.48 | 11.10 | -8.62 |
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
| H4ZL.DE | EQQQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 2.40 | -1.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.93 | -0.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 1.08 | -0.93 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.80 | -0.51 |
Drawdowns
H4ZL.DE vs. EQQQ.DE - Drawdown Comparison
The maximum H4ZL.DE drawdown since its inception was -41.97%, smaller than the maximum EQQQ.DE drawdown of -47.04%. Use the drawdown chart below to compare losses from any high point for H4ZL.DE and EQQQ.DE.
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Drawdown Indicators
| H4ZL.DE | EQQQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.97% | -47.04% | +5.07% |
Max Drawdown (1Y)Largest decline over 1 year | -7.82% | -10.05% | +2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -20.68% | -26.70% | +6.02% |
Max Drawdown (5Y)Largest decline over 5 years | -30.45% | -31.30% | +0.85% |
Max Drawdown (10Y)Largest decline over 10 years | -41.97% | -31.30% | -10.67% |
Current DrawdownCurrent decline from peak | -13.81% | -0.85% | -12.96% |
Average DrawdownAverage peak-to-trough decline | -10.80% | -7.35% | -3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 3.39% | -0.72% |
Volatility
H4ZL.DE vs. EQQQ.DE - Volatility Comparison
The current volatility for HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (H4ZL.DE) is 2.88%, while Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.DE) has a volatility of 4.26%. This indicates that H4ZL.DE experiences smaller price fluctuations and is considered to be less risky than EQQQ.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 | EQQQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 4.26% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 8.34% | 10.90% | -2.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.21% | 15.64% | -4.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.69% | 19.84% | -5.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.27% | 19.65% | -3.38% |
H4ZL.DE vs. EQQQ.DE - Expense Ratio Comparison
H4ZL.DE has a 0.24% expense ratio, which is lower than EQQQ.DE's 0.30% expense ratio.
Dividends
H4ZL.DE vs. EQQQ.DE - Dividend Comparison
H4ZL.DE has not paid dividends to shareholders, while EQQQ.DE's dividend yield for the trailing twelve months is around 0.23%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQQQ.DE Invesco EQQQ NASDAQ-100 UCITS ETF | 0.23% | 0.29% | 0.37% | 0.39% | 0.57% | 0.25% | 0.41% | 0.54% | 0.64% | 0.68% | 0.78% | 0.73% |
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 EQQQ.DE have a correlation of 0.29, 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 0.30% for EQQQ.DE.
H4ZL.DE is categorized as REIT, while EQQQ.DE is Nasdaq-100. H4ZL.DE tracks FTSE EPRA/NAREIT Developed, while EQQQ.DE tracks NASDAQ-100 Index. They also come from different issuers: HSBC and Invesco. Their fees differ too: 0.24% for H4ZL.DE and 0.30% for EQQQ.DE.
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