H4ZL.DE vs. SXR8.DE
H4ZL.DE (HSBC FTSE EPRA NAREIT Developed UCITS ETF USD) and SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - H4ZL.DE is a REIT fund tracking the FTSE EPRA/NAREIT Developed, while SXR8.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, H4ZL.DE returned 2.35%/yr vs 14.95%/yr for SXR8.DE. A 0.63 correlation means they provide meaningful diversification when combined. H4ZL.DE charges 0.24%/yr vs 0.07%/yr for SXR8.DE.
Performance
H4ZL.DE vs. SXR8.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 SXR8.DE's 11.37% return. Over the past 10 years, H4ZL.DE has underperformed SXR8.DE with an annualized return of 2.35%, while SXR8.DE has yielded a comparatively higher 14.95% 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%
SXR8.DE
- 1D
- -0.15%
- 1M
- 4.36%
- YTD
- 11.37%
- 6M
- 10.83%
- 1Y
- 25.54%
- 3Y*
- 18.87%
- 5Y*
- 14.77%
- 10Y*
- 14.95%
H4ZL.DE vs. SXR8.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% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 11.37% | 4.73% | 32.32% | 22.47% | -14.31% | 40.74% | 6.80% | 34.49% | -1.05% | 6.67% |
Correlation
The correlation between H4ZL.DE and SXR8.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2013 | 0.63 |
The correlation between H4ZL.DE and SXR8.DE shifts across timeframes, from 0.43 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
H4ZL.DE vs. SXR8.DE — Risk / Return Rank
H4ZL.DE
SXR8.DE
H4ZL.DE vs. SXR8.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 iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.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 | SXR8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.41 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 3.58 | -2.73 |
| Martin ratioReturn relative to average drawdown | 2.48 | 12.71 | -10.23 |
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 | SXR8.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 2.21 | -1.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.96 | -0.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.92 | -0.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.79 | -0.50 |
Drawdowns
H4ZL.DE vs. SXR8.DE - Drawdown Comparison
The maximum H4ZL.DE drawdown since its inception was -41.97%, which is greater than SXR8.DE's maximum drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for H4ZL.DE and SXR8.DE.
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Drawdown Indicators
| H4ZL.DE | SXR8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.97% | -33.78% | -8.19% |
Max Drawdown (1Y)Largest decline over 1 year | -7.82% | -7.13% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -20.68% | -23.32% | +2.64% |
Max Drawdown (5Y)Largest decline over 5 years | -30.45% | -23.32% | -7.13% |
Max Drawdown (10Y)Largest decline over 10 years | -41.97% | -33.78% | -8.19% |
Current DrawdownCurrent decline from peak | -13.81% | -0.45% | -13.36% |
Average DrawdownAverage peak-to-trough decline | -10.80% | -5.17% | -5.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 2.01% | +0.66% |
Volatility
H4ZL.DE vs. SXR8.DE - Volatility Comparison
HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (H4ZL.DE) has a higher volatility of 2.88% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) at 2.65%. This indicates that H4ZL.DE's price experiences larger fluctuations and is considered to be riskier than SXR8.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 | SXR8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 2.65% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 8.34% | 7.57% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.21% | 11.56% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.69% | 15.16% | -0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.27% | 16.09% | +0.18% |
H4ZL.DE vs. SXR8.DE - Expense Ratio Comparison
H4ZL.DE has a 0.24% expense ratio, which is higher than SXR8.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
H4ZL.DE vs. SXR8.DE - Dividend Comparison
Neither H4ZL.DE nor SXR8.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SXR8.DE iShares Core S&P 500 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
H4ZL.DE and SXR8.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXR8.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR8.DE is cheaper with a 0.07% expense ratio, compared with 0.24% for H4ZL.DE.
H4ZL.DE is categorized as REIT, while SXR8.DE is S&P 500. H4ZL.DE tracks FTSE EPRA/NAREIT Developed, while SXR8.DE tracks S&P 500 Index. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.24% for H4ZL.DE and 0.07% for SXR8.DE.
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