H4ZN.DE vs. QDVE.DE
H4ZN.DE (HSBC S&P 500 UCITS ETF USD (Acc)) and QDVE.DE (iShares S&P 500 Information Technology Sector UCITS ETF) are both exchange-traded funds - H4ZN.DE is a S&P 500 fund tracking the S&P 500 Index, while QDVE.DE is a Technology Equities fund tracking the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past 3 years, H4ZN.DE returned 18.87%/yr vs 30.81%/yr for QDVE.DE. Their correlation of 0.87 suggests significant overlap in exposure. H4ZN.DE charges 0.09%/yr vs 0.15%/yr for QDVE.DE.
Performance
H4ZN.DE vs. QDVE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4ZN.DE achieves a 11.38% return, which is significantly lower than QDVE.DE's 24.06% return.
H4ZN.DE
- 1D
- -0.12%
- 1M
- 4.34%
- YTD
- 11.38%
- 6M
- 10.80%
- 1Y
- 25.53%
- 3Y*
- 18.87%
- 5Y*
- —
- 10Y*
- —
QDVE.DE
- 1D
- -2.26%
- 1M
- 11.84%
- YTD
- 24.06%
- 6M
- 22.46%
- 1Y
- 48.25%
- 3Y*
- 30.81%
- 5Y*
- 25.33%
- 10Y*
- 26.04%
H4ZN.DE vs. QDVE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
H4ZN.DE HSBC S&P 500 UCITS ETF USD (Acc) | 11.38% | 4.72% | 32.33% | 22.56% | -5.90% |
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 24.06% | 9.99% | 46.12% | 54.14% | -10.89% |
Correlation
The correlation between H4ZN.DE and QDVE.DE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.87 |
The correlation between H4ZN.DE and QDVE.DE has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.
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Return for Risk
H4ZN.DE vs. QDVE.DE — Risk / Return Rank
H4ZN.DE
QDVE.DE
H4ZN.DE vs. QDVE.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 Information Technology Sector UCITS ETF (QDVE.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.
| H4ZN.DE | QDVE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.39 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 3.14 | +0.41 |
| Martin ratioReturn relative to average drawdown | 12.69 | 8.31 | +4.38 |
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
| H4ZN.DE | QDVE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 2.40 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.10 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 1.07 | +0.02 |
Drawdowns
H4ZN.DE vs. QDVE.DE - Drawdown Comparison
The maximum H4ZN.DE drawdown since its inception was -23.40%, smaller than the maximum QDVE.DE drawdown of -31.45%. Use the drawdown chart below to compare losses from any high point for H4ZN.DE and QDVE.DE.
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Drawdown Indicators
| H4ZN.DE | QDVE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.40% | -31.45% | +8.05% |
Max Drawdown (1Y)Largest decline over 1 year | -7.17% | -15.59% | +8.42% |
Max Drawdown (3Y)Largest decline over 3 years | -23.40% | -29.83% | +6.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.83% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.45% | — |
Current DrawdownCurrent decline from peak | -0.43% | -3.08% | +2.65% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -5.80% | +1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 5.91% | -3.90% |
Volatility
H4ZN.DE vs. QDVE.DE - Volatility Comparison
The current volatility for HSBC S&P 500 UCITS ETF USD (Acc) (H4ZN.DE) is 2.66%, while iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) has a volatility of 7.12%. This indicates that H4ZN.DE experiences smaller price fluctuations and is considered to be less risky than QDVE.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 | QDVE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 7.12% | -4.46% |
Volatility (6M)Calculated over the trailing 6-month period | 7.63% | 14.85% | -7.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.60% | 20.42% | -8.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.48% | 22.71% | -8.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.48% | 21.73% | -7.25% |
H4ZN.DE vs. QDVE.DE - Expense Ratio Comparison
H4ZN.DE has a 0.09% expense ratio, which is lower than QDVE.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. QDVE.DE - Dividend Comparison
Neither H4ZN.DE nor QDVE.DE has paid dividends to shareholders.
Frequently Asked Questions
H4ZN.DE and QDVE.DE have a correlation of 0.86, 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 QDVE.DE.
H4ZN.DE is categorized as S&P 500, while QDVE.DE is Technology Equities. H4ZN.DE tracks S&P 500 Index, while QDVE.DE tracks S&P 500 Capped 35/20 Information Technology Index. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.09% for H4ZN.DE and 0.15% for QDVE.DE.
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