H4ZX.DE vs. H41E.DE
H4ZX.DE (HSBC Hang Seng TECH UCITS ETF HKD) and H41E.DE (HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc)) are both exchange-traded funds - H4ZX.DE is a Technology Equities fund tracking the Hang Seng TECH, while H41E.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Value SRI ESG Target Select. Both are passively managed. Over the past 3 years, H4ZX.DE returned 6.77%/yr vs 27.78%/yr for H41E.DE. A 0.67 correlation means they provide meaningful diversification when combined. H4ZX.DE charges 0.50%/yr vs 0.35%/yr for H41E.DE.
Performance
H4ZX.DE vs. H41E.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 H41E.DE's 39.52% 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*
- —
H41E.DE
- 1D
- -1.46%
- 1M
- 11.44%
- YTD
- 39.52%
- 6M
- 42.99%
- 1Y
- 69.89%
- 3Y*
- 27.78%
- 5Y*
- —
- 10Y*
- —
H4ZX.DE vs. H41E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
H4ZX.DE HSBC Hang Seng TECH UCITS ETF HKD | -10.21% | 10.69% | 28.06% | -11.53% | -5.89% |
H41E.DE HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) | 39.52% | 22.02% | 17.74% | 11.43% | -2.00% |
Correlation
The correlation between H4ZX.DE and H41E.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 | 0.65 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2022 | 0.67 |
The correlation between H4ZX.DE and H41E.DE has been stable across timeframes, ranging from 0.65 to 0.67 - a consistent structural relationship.
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Return for Risk
H4ZX.DE vs. H41E.DE — Risk / Return Rank
H4ZX.DE
H41E.DE
H4ZX.DE vs. H41E.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 HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) (H41E.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 | H41E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.17 | ||
| Sortino ratioReturn per unit of downside risk | -5.20 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.69 | -0.71 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 7.09 | -7.32 |
| Martin ratioReturn relative to average drawdown | -0.41 | 25.00 | -25.41 |
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 | H41E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.26 | 3.91 | -4.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.20 | 1.56 | -1.76 |
Drawdowns
H4ZX.DE vs. H41E.DE - Drawdown Comparison
The maximum H4ZX.DE drawdown since its inception was -69.32%, which is greater than H41E.DE's maximum drawdown of -20.92%. Use the drawdown chart below to compare losses from any high point for H4ZX.DE and H41E.DE.
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Drawdown Indicators
| H4ZX.DE | H41E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.32% | -20.92% | -48.40% |
Max Drawdown (1Y)Largest decline over 1 year | -30.08% | -9.80% | -20.28% |
Max Drawdown (3Y)Largest decline over 3 years | -33.31% | -20.92% | -12.39% |
Max Drawdown (5Y)Largest decline over 5 years | -60.34% | — | — |
Current DrawdownCurrent decline from peak | -52.22% | -3.33% | -48.89% |
Average DrawdownAverage peak-to-trough decline | -49.50% | -3.10% | -46.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.57% | 2.79% | +13.78% |
Volatility
H4ZX.DE vs. H41E.DE - Volatility Comparison
HSBC Hang Seng TECH UCITS ETF HKD (H4ZX.DE) has a higher volatility of 10.02% compared to HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) (H41E.DE) at 7.97%. This indicates that H4ZX.DE's price experiences larger fluctuations and is considered to be riskier than H41E.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 | H41E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.02% | 7.97% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 18.64% | 14.66% | +3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.17% | 17.80% | +8.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.84% | 16.06% | +21.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.65% | 16.06% | +21.59% |
H4ZX.DE vs. H41E.DE - Expense Ratio Comparison
H4ZX.DE has a 0.50% expense ratio, which is higher than H41E.DE's 0.35% expense ratio.
Dividends
H4ZX.DE vs. H41E.DE - Dividend Comparison
Neither H4ZX.DE nor H41E.DE has paid dividends to shareholders.
Frequently Asked Questions
H4ZX.DE and H41E.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, H41E.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H41E.DE is cheaper with a 0.35% expense ratio, compared with 0.50% for H4ZX.DE.
H4ZX.DE is categorized as Technology Equities, while H41E.DE is Emerging Markets Equities. H4ZX.DE tracks Hang Seng TECH, while H41E.DE tracks MSCI Emerging Markets Value SRI ESG Target Select. Their fees differ too: 0.50% for H4ZX.DE and 0.35% for H41E.DE.
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