H4ZN.DE vs. 2B7C.DE
H4ZN.DE (HSBC S&P 500 UCITS ETF USD (Acc)) and 2B7C.DE (iShares S&P 500 Industrials Sector UCITS ETF) are both exchange-traded funds - H4ZN.DE is a S&P 500 fund tracking the S&P 500 Index, while 2B7C.DE is a Industrials Equities fund tracking the S&P 500 Capped 35/20 Industrials. Both are passively managed. Over the past 5 years, H4ZN.DE returned 29.49%/yr vs 14.90%/yr for 2B7C.DE. At a 0.40 correlation, their price movements are largely independent. H4ZN.DE charges 0.09%/yr vs 0.15%/yr for 2B7C.DE.
Performance
H4ZN.DE vs. 2B7C.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4ZN.DE achieves a 11.87% return, which is significantly lower than 2B7C.DE's 21.67% return.
H4ZN.DE
- 1D
- 0.00%
- 1M
- 1.20%
- YTD
- 11.87%
- 6M
- 12.19%
- 1Y
- 25.94%
- 3Y*
- 19.28%
- 5Y*
- 29.49%
- 10Y*
- 13.79%
2B7C.DE
- 1D
- 1.11%
- 1M
- 8.30%
- YTD
- 21.67%
- 6M
- 21.99%
- 1Y
- 32.11%
- 3Y*
- 20.81%
- 5Y*
- 14.90%
- 10Y*
- —
H4ZN.DE vs. 2B7C.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
H4ZN.DE HSBC S&P 500 UCITS ETF USD (Acc) | 11.87% | 4.72% | 32.33% | 22.56% | 91.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
2B7C.DE iShares S&P 500 Industrials Sector UCITS ETF | 21.67% | 6.93% | 23.74% | 13.77% | -0.13% | 32.10% | -0.53% | 32.25% | -10.21% | -2.64% |
Correlation
The correlation between H4ZN.DE and 2B7C.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2017 | 0.40 |
Over the past year, H4ZN.DE and 2B7C.DE have become more correlated (0.65) than their long-term average of 0.40, meaning their price movements have been converging.
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Return for Risk
H4ZN.DE vs. 2B7C.DE — Risk / Return Rank
H4ZN.DE
2B7C.DE
H4ZN.DE vs. 2B7C.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC S&P 500 UCITS ETF USD (Acc) (H4ZN.DE) and iShares S&P 500 Industrials Sector UCITS ETF (2B7C.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.
| H4ZN.DE | 2B7C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.38 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 3.59 | +0.04 |
| Martin ratioReturn relative to average drawdown | 12.81 | 11.75 | +1.05 |
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Drawdowns
H4ZN.DE vs. 2B7C.DE - Drawdown Comparison
The maximum H4ZN.DE drawdown since its inception was -43.18%, roughly equal to the maximum 2B7C.DE drawdown of -41.31%. Use the drawdown chart below to compare losses from any high point for H4ZN.DE and 2B7C.DE.
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Drawdown Indicators
| H4ZN.DE | 2B7C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.18% | -41.31% | -1.87% |
Max Drawdown (1Y)Largest decline over 1 year | -7.17% | -8.89% | +1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -23.40% | -22.67% | -0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -23.40% | -22.67% | -0.73% |
Max Drawdown (10Y)Largest decline over 10 years | -23.40% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -17.50% | -5.82% | -11.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.73% | -0.70% |
Volatility
H4ZN.DE vs. 2B7C.DE - Volatility Comparison
The current volatility for HSBC S&P 500 UCITS ETF USD (Acc) (H4ZN.DE) is 3.21%, while iShares S&P 500 Industrials Sector UCITS ETF (2B7C.DE) has a volatility of 4.44%. This indicates that H4ZN.DE experiences smaller price fluctuations and is considered to be less risky than 2B7C.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H4ZN.DE | 2B7C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 4.44% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 7.98% | 11.42% | -3.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.96% | 14.81% | -2.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.86% | 16.83% | +31.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.89% | 20.23% | +13.66% |
H4ZN.DE vs. 2B7C.DE - Expense Ratio Comparison
H4ZN.DE has a 0.09% expense ratio, which is lower than 2B7C.DE's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
H4ZN.DE vs. 2B7C.DE - Dividend Comparison
Neither H4ZN.DE nor 2B7C.DE has paid dividends to shareholders.
Frequently Asked Questions
H4ZN.DE and 2B7C.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4ZN.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZN.DE is cheaper with a 0.09% expense ratio, compared with 0.15% for 2B7C.DE.
H4ZN.DE is categorized as S&P 500, while 2B7C.DE is Industrials Equities. H4ZN.DE tracks S&P 500 Index, while 2B7C.DE tracks S&P 500 Capped 35/20 Industrials. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.09% for H4ZN.DE and 0.15% for 2B7C.DE.
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