H4ZX.DE vs. ESIT.DE
H4ZX.DE (HSBC Hang Seng TECH UCITS ETF HKD) and ESIT.DE (iShares MSCI Europe Information Technology Sector UCITS ETF EUR (Acc)) are both Technology Equities funds - H4ZX.DE tracks the Hang Seng TECH while ESIT.DE tracks the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, H4ZX.DE returned -8.36%/yr vs 11.34%/yr for ESIT.DE. At a 0.36 correlation, their price movements are largely independent. H4ZX.DE charges 0.50%/yr vs 0.18%/yr for ESIT.DE.
Performance
H4ZX.DE vs. ESIT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4ZX.DE achieves a -14.05% return, which is significantly lower than ESIT.DE's 36.02% return.
H4ZX.DE
- 1D
- 0.00%
- 1M
- -0.49%
- 6M
- -18.85%
- YTD
- -14.05%
- 1Y
- -11.89%
- 3Y*
- 3.61%
- 5Y*
- -8.36%
- 10Y*
- —
ESIT.DE
- 1D
- -1.29%
- 1M
- -9.82%
- 6M
- 25.74%
- YTD
- 36.02%
- 1Y
- 44.77%
- 3Y*
- 19.31%
- 5Y*
- 11.34%
- 10Y*
- —
H4ZX.DE vs. ESIT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
H4ZX.DE HSBC Hang Seng TECH UCITS ETF HKD | -14.05% | 10.69% | 28.06% | -11.53% | -20.44% | -32.01% |
ESIT.DE iShares MSCI Europe Information Technology Sector UCITS ETF EUR (Acc) | 36.02% | 10.04% | 7.42% | 34.97% | -28.99% | 36.95% |
Correlation
The correlation between H4ZX.DE and ESIT.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2021 | 0.36 |
The correlation between H4ZX.DE and ESIT.DE shifts across timeframes, from 0.33 (3 years) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
H4ZX.DE vs. ESIT.DE — Risk / Return Rank
H4ZX.DE
ESIT.DE
H4ZX.DE vs. ESIT.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 Europe Information Technology Sector UCITS ETF EUR (Acc) (ESIT.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.
| H4ZX.DE | ESIT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.74 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.27 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 3.92 | -4.27 |
| Martin ratioReturn relative to average drawdown | -0.62 | 9.47 | -10.09 |
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Drawdowns
H4ZX.DE vs. ESIT.DE - Drawdown Comparison
The maximum H4ZX.DE drawdown since its inception was -69.32%, which is greater than ESIT.DE's maximum drawdown of -38.29%. Use the drawdown chart below to compare losses from any high point for H4ZX.DE and ESIT.DE.
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Drawdown Indicators
| H4ZX.DE | ESIT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.32% | -38.29% | -31.03% |
Max Drawdown (1Y)Largest decline over 1 year | -33.58% | -11.38% | -22.20% |
Max Drawdown (3Y)Largest decline over 3 years | -33.58% | -27.07% | -6.51% |
Max Drawdown (5Y)Largest decline over 5 years | -56.66% | -38.29% | -18.37% |
Current DrawdownCurrent decline from peak | -54.26% | -10.87% | -43.39% |
Average DrawdownAverage peak-to-trough decline | -49.93% | -11.86% | -38.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.30% | 4.71% | +14.59% |
Volatility
H4ZX.DE vs. ESIT.DE - Volatility Comparison
The current volatility for HSBC Hang Seng TECH UCITS ETF HKD (H4ZX.DE) is 7.58%, while iShares MSCI Europe Information Technology Sector UCITS ETF EUR (Acc) (ESIT.DE) has a volatility of 10.53%. This indicates that H4ZX.DE experiences smaller price fluctuations and is considered to be less risky than ESIT.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 | ESIT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.58% | 10.53% | -2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 19.60% | 22.99% | -3.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.05% | 27.95% | -0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.92% | 26.22% | +11.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.47% | 25.56% | +11.91% |
H4ZX.DE vs. ESIT.DE - Expense Ratio Comparison
H4ZX.DE has a 0.50% expense ratio, which is higher than ESIT.DE's 0.18% expense ratio.
Dividends
H4ZX.DE vs. ESIT.DE - Dividend Comparison
Neither H4ZX.DE nor ESIT.DE has paid dividends to shareholders.
Frequently Asked Questions
H4ZX.DE and ESIT.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESIT.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIT.DE is cheaper with a 0.18% expense ratio, compared with 0.50% for H4ZX.DE.
H4ZX.DE tracks Hang Seng TECH, while ESIT.DE tracks MSCI World/Information Tech NR USD. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.50% for H4ZX.DE and 0.18% for ESIT.DE.
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