H4ZX.DE vs. ETLH.DE
H4ZX.DE (HSBC Hang Seng TECH UCITS ETF HKD) and ETLH.DE (L&G Ecommerce Logistics UCITS ETF) are both Technology Equities funds - H4ZX.DE tracks the Hang Seng TECH while ETLH.DE tracks the Solactive eCommerce Logistics. Both are passively managed. Over the past 5 years, H4ZX.DE returned -8.49%/yr vs 2.34%/yr for ETLH.DE. A 0.50 correlation means they provide meaningful diversification when combined. H4ZX.DE charges 0.50%/yr vs 0.49%/yr for ETLH.DE.
Performance
H4ZX.DE vs. ETLH.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 ETLH.DE's 0.49% 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*
- —
ETLH.DE
- 1D
- 1.09%
- 1M
- 4.94%
- YTD
- 0.49%
- 6M
- 2.11%
- 1Y
- 4.70%
- 3Y*
- 5.96%
- 5Y*
- 2.34%
- 10Y*
- —
H4ZX.DE vs. ETLH.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% |
ETLH.DE L&G Ecommerce Logistics UCITS ETF | 0.49% | -0.43% | 8.79% | 17.72% | -16.87% | 27.97% | 1.53% |
Correlation
The correlation between H4ZX.DE and ETLH.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2020 | 0.50 |
The correlation between H4ZX.DE and ETLH.DE has been stable across timeframes, ranging from 0.45 to 0.50 - a consistent structural relationship.
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Return for Risk
H4ZX.DE vs. ETLH.DE — Risk / Return Rank
H4ZX.DE
ETLH.DE
H4ZX.DE vs. ETLH.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 L&G Ecommerce Logistics UCITS ETF (ETLH.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 | ETLH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.06 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 0.37 | -0.60 |
| Martin ratioReturn relative to average drawdown | -0.41 | 0.96 | -1.37 |
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 | ETLH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.26 | 0.32 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.14 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.20 | 0.56 | -0.76 |
Drawdowns
H4ZX.DE vs. ETLH.DE - Drawdown Comparison
The maximum H4ZX.DE drawdown since its inception was -69.32%, which is greater than ETLH.DE's maximum drawdown of -27.60%. Use the drawdown chart below to compare losses from any high point for H4ZX.DE and ETLH.DE.
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Drawdown Indicators
| H4ZX.DE | ETLH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.32% | -27.60% | -41.72% |
Max Drawdown (1Y)Largest decline over 1 year | -30.08% | -12.61% | -17.47% |
Max Drawdown (3Y)Largest decline over 3 years | -33.31% | -25.70% | -7.61% |
Max Drawdown (5Y)Largest decline over 5 years | -60.34% | -26.37% | -33.97% |
Current DrawdownCurrent decline from peak | -52.22% | -7.50% | -44.72% |
Average DrawdownAverage peak-to-trough decline | -49.50% | -8.28% | -41.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.57% | 4.89% | +11.68% |
Volatility
H4ZX.DE vs. ETLH.DE - Volatility Comparison
HSBC Hang Seng TECH UCITS ETF HKD (H4ZX.DE) has a higher volatility of 10.02% compared to L&G Ecommerce Logistics UCITS ETF (ETLH.DE) at 4.00%. This indicates that H4ZX.DE's price experiences larger fluctuations and is considered to be riskier than ETLH.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 | ETLH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.02% | 4.00% | +6.02% |
Volatility (6M)Calculated over the trailing 6-month period | 18.64% | 10.62% | +8.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.17% | 14.85% | +11.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.84% | 16.60% | +21.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.65% | 17.49% | +20.16% |
H4ZX.DE vs. ETLH.DE - Expense Ratio Comparison
H4ZX.DE has a 0.50% expense ratio, which is higher than ETLH.DE's 0.49% expense ratio.
Dividends
H4ZX.DE vs. ETLH.DE - Dividend Comparison
Neither H4ZX.DE nor ETLH.DE has paid dividends to shareholders.
Frequently Asked Questions
H4ZX.DE and ETLH.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLH.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLH.DE is cheaper with a 0.49% expense ratio, compared with 0.50% for H4ZX.DE.
H4ZX.DE tracks Hang Seng TECH, while ETLH.DE tracks Solactive eCommerce Logistics. They also come from different issuers: HSBC and Legal & General. Their fees differ too: 0.50% for H4ZX.DE and 0.49% for ETLH.DE.
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