H4ZX.DE vs. AYEW.DE
H4ZX.DE (HSBC Hang Seng TECH UCITS ETF HKD) and AYEW.DE (iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist)) are both Technology Equities funds - H4ZX.DE tracks the Hang Seng TECH while AYEW.DE tracks the MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped. Both are passively managed. Over the past 5 years, H4ZX.DE returned -8.49%/yr vs 21.48%/yr for AYEW.DE. At a 0.32 correlation, their price movements are largely independent. H4ZX.DE charges 0.50%/yr vs 0.18%/yr for AYEW.DE.
Performance
H4ZX.DE vs. AYEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4ZX.DE achieves a -10.21% return, which is significantly lower than AYEW.DE's 24.61% return.
H4ZX.DE
- 1D
- -0.76%
- 1M
- 1.65%
- YTD
- -10.21%
- 6M
- -11.15%
- 1Y
- -6.78%
- 3Y*
- 6.77%
- 5Y*
- -8.49%
- 10Y*
- —
AYEW.DE
- 1D
- -1.67%
- 1M
- 15.12%
- YTD
- 24.61%
- 6M
- 23.38%
- 1Y
- 45.27%
- 3Y*
- 27.99%
- 5Y*
- 21.48%
- 10Y*
- —
H4ZX.DE vs. AYEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
H4ZX.DE HSBC Hang Seng TECH UCITS ETF HKD | -10.21% | 10.69% | 28.06% | -11.53% | -20.44% | -29.60% | 2.10% |
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 24.61% | 9.65% | 33.73% | 55.77% | -29.69% | 41.89% | 2.90% |
Correlation
The correlation between H4ZX.DE and AYEW.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2020 | 0.32 |
The correlation between H4ZX.DE and AYEW.DE shifts across timeframes, from 0.26 (3 years) to 0.41 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
H4ZX.DE vs. AYEW.DE — Risk / Return Rank
H4ZX.DE
AYEW.DE
H4ZX.DE vs. AYEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Hang Seng TECH UCITS ETF HKD (H4ZX.DE) and iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.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.
| H4ZX.DE | AYEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.51 | ||
| Sortino ratioReturn per unit of downside risk | -3.14 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.37 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 3.01 | -3.23 |
| Martin ratioReturn relative to average drawdown | -0.41 | 8.00 | -8.41 |
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
| H4ZX.DE | AYEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.26 | 2.26 | -2.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.93 | -1.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.20 | 1.02 | -1.22 |
Drawdowns
H4ZX.DE vs. AYEW.DE - Drawdown Comparison
The maximum H4ZX.DE drawdown since its inception was -69.32%, which is greater than AYEW.DE's maximum drawdown of -31.36%. Use the drawdown chart below to compare losses from any high point for H4ZX.DE and AYEW.DE.
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Drawdown Indicators
| H4ZX.DE | AYEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.32% | -31.36% | -37.96% |
Max Drawdown (1Y)Largest decline over 1 year | -30.08% | -14.98% | -15.10% |
Max Drawdown (3Y)Largest decline over 3 years | -33.31% | -29.01% | -4.30% |
Max Drawdown (5Y)Largest decline over 5 years | -60.34% | -30.10% | -30.24% |
Current DrawdownCurrent decline from peak | -52.22% | -2.13% | -50.09% |
Average DrawdownAverage peak-to-trough decline | -49.50% | -7.74% | -41.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.57% | 5.64% | +10.93% |
Volatility
H4ZX.DE vs. AYEW.DE - Volatility Comparison
HSBC Hang Seng TECH UCITS ETF HKD (H4ZX.DE) has a higher volatility of 10.02% compared to iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.DE) at 6.77%. This indicates that H4ZX.DE's price experiences larger fluctuations and is considered to be riskier than AYEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H4ZX.DE | AYEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.02% | 6.77% | +3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 18.64% | 14.89% | +3.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.17% | 19.98% | +6.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.84% | 22.77% | +15.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.65% | 23.48% | +14.17% |
H4ZX.DE vs. AYEW.DE - Expense Ratio Comparison
H4ZX.DE has a 0.50% expense ratio, which is higher than AYEW.DE's 0.18% expense ratio.
Dividends
H4ZX.DE vs. AYEW.DE - Dividend Comparison
H4ZX.DE has not paid dividends to shareholders, while AYEW.DE's dividend yield for the trailing twelve months is around 0.25%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 0.25% | 0.31% | 0.38% | 0.46% | 0.82% | 0.40% | 0.65% | 0.12% |
H4ZX.DE HSBC Hang Seng TECH UCITS ETF HKD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
H4ZX.DE and AYEW.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AYEW.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AYEW.DE is cheaper with a 0.18% expense ratio, compared with 0.50% for H4ZX.DE.
H4ZX.DE tracks Hang Seng TECH, while AYEW.DE tracks MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.50% for H4ZX.DE and 0.18% for AYEW.DE.
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