H4ZL.DE vs. JEQP.DE
H4ZL.DE (HSBC FTSE EPRA NAREIT Developed UCITS ETF USD) and JEQP.DE (JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist)) are both exchange-traded funds - H4ZL.DE is a REIT fund tracking the FTSE EPRA/NAREIT Developed, while JEQP.DE is a Nasdaq-100 fund actively managed by JPMorgan. H4ZL.DE is passively managed, while JEQP.DE is actively managed. Over the past year, H4ZL.DE returned 17.30% vs 25.32% for JEQP.DE. At a 0.30 correlation, their price movements are largely independent. H4ZL.DE charges 0.24%/yr vs 0.35%/yr for JEQP.DE.
Performance
H4ZL.DE vs. JEQP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4ZL.DE achieves a 13.70% return, which is significantly higher than JEQP.DE's 12.05% return.
H4ZL.DE
- 1D
- 0.05%
- 1M
- 2.05%
- 6M
- 10.58%
- YTD
- 13.70%
- 1Y
- 17.30%
- 3Y*
- 8.40%
- 5Y*
- —
- 10Y*
- —
JEQP.DE
- 1D
- 0.00%
- 1M
- 1.09%
- 6M
- 10.81%
- YTD
- 12.05%
- 1Y
- 25.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
H4ZL.DE vs. JEQP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
H4ZL.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD | 13.70% | -1.48% | -1.47% |
JEQP.DE JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) | 12.05% | 1.98% | 2.22% |
Correlation
The correlation between H4ZL.DE and JEQP.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2024 | 0.30 |
The correlation between H4ZL.DE and JEQP.DE shifts across timeframes, from 0.17 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
H4ZL.DE vs. JEQP.DE — Risk / Return Rank
H4ZL.DE
JEQP.DE
H4ZL.DE vs. JEQP.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 JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEQP.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 | JEQP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.36 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 4.57 | -2.36 |
| Martin ratioReturn relative to average drawdown | 7.68 | 15.18 | -7.50 |
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Drawdowns
H4ZL.DE vs. JEQP.DE - Drawdown Comparison
The maximum H4ZL.DE drawdown since its inception was -20.11%, smaller than the maximum JEQP.DE drawdown of -24.03%. Use the drawdown chart below to compare losses from any high point for H4ZL.DE and JEQP.DE.
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Drawdown Indicators
| H4ZL.DE | JEQP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.11% | -24.03% | +3.92% |
Max Drawdown (1Y)Largest decline over 1 year | -7.84% | -5.56% | -2.28% |
Max Drawdown (3Y)Largest decline over 3 years | -20.11% | — | — |
Current DrawdownCurrent decline from peak | -0.93% | -1.05% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -5.54% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 1.67% | +0.58% |
Volatility
H4ZL.DE vs. JEQP.DE - Volatility Comparison
The current volatility for HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (H4ZL.DE) is 3.21%, while JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) (JEQP.DE) has a volatility of 4.76%. This indicates that H4ZL.DE experiences smaller price fluctuations and is considered to be less risky than JEQP.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 | JEQP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 4.76% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 8.71% | 9.57% | -0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.18% | 13.11% | -1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.96% | 16.63% | -2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.96% | 16.63% | -2.67% |
H4ZL.DE vs. JEQP.DE - Expense Ratio Comparison
H4ZL.DE has a 0.24% expense ratio, which is lower than JEQP.DE's 0.35% expense ratio.
Dividends
H4ZL.DE vs. JEQP.DE - Dividend Comparison
H4ZL.DE's dividend yield for the trailing twelve months is around 2.88%, less than JEQP.DE's 9.93% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
H4ZL.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD | 2.88% | 3.31% | 3.28% | 3.42% |
JEQP.DE JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Dist) | 9.93% | 10.43% | 0.73% | 0.00% |
Frequently Asked Questions
H4ZL.DE and JEQP.DE have a correlation of 0.17, 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 0.35% for JEQP.DE.
H4ZL.DE is categorized as REIT, while JEQP.DE is Nasdaq-100. They also come from different issuers: HSBC and JPMorgan. Their fees differ too: 0.24% for H4ZL.DE and 0.35% for JEQP.DE.
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