H4ZX.DE vs. H4Z7.DE
H4ZX.DE (HSBC Hang Seng TECH UCITS ETF HKD) and H4Z7.DE (HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc)) are both exchange-traded funds - H4ZX.DE is a Technology Equities fund tracking the Hang Seng TECH, while H4Z7.DE is a REIT fund tracking the FTSE EPRA/NAREIT Developed. Both are passively managed. Over the past 3 years, H4ZX.DE returned 6.77%/yr vs 6.21%/yr for H4Z7.DE. At a 0.20 correlation, their price movements are largely independent. H4ZX.DE charges 0.50%/yr vs 0.24%/yr for H4Z7.DE.
Performance
H4ZX.DE vs. H4Z7.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 H4Z7.DE's 7.83% 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*
- —
H4Z7.DE
- 1D
- -0.12%
- 1M
- -1.09%
- YTD
- 7.83%
- 6M
- 7.24%
- 1Y
- 9.70%
- 3Y*
- 6.21%
- 5Y*
- —
- 10Y*
- —
H4ZX.DE vs. H4Z7.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% | -13.08% |
H4Z7.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) | 7.83% | -1.78% | 5.80% | 7.39% | -13.07% |
Correlation
The correlation between H4ZX.DE and H4Z7.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2022 | 0.20 |
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Return for Risk
H4ZX.DE vs. H4Z7.DE — Risk / Return Rank
H4ZX.DE
H4Z7.DE
H4ZX.DE vs. H4Z7.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 FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) (H4Z7.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 | H4Z7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.15 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 1.23 | -1.45 |
| Martin ratioReturn relative to average drawdown | -0.41 | 3.99 | -4.40 |
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 | H4Z7.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.26 | 0.86 | -1.12 |
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 | 0.08 | -0.28 |
Drawdowns
H4ZX.DE vs. H4Z7.DE - Drawdown Comparison
The maximum H4ZX.DE drawdown since its inception was -69.32%, which is greater than H4Z7.DE's maximum drawdown of -26.78%. Use the drawdown chart below to compare losses from any high point for H4ZX.DE and H4Z7.DE.
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Drawdown Indicators
| H4ZX.DE | H4Z7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.32% | -26.78% | -42.54% |
Max Drawdown (1Y)Largest decline over 1 year | -30.08% | -7.86% | -22.22% |
Max Drawdown (3Y)Largest decline over 3 years | -33.31% | -20.13% | -13.18% |
Max Drawdown (5Y)Largest decline over 5 years | -60.34% | — | — |
Current DrawdownCurrent decline from peak | -52.22% | -2.86% | -49.36% |
Average DrawdownAverage peak-to-trough decline | -49.50% | -11.53% | -37.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.57% | 2.42% | +14.15% |
Volatility
H4ZX.DE vs. H4Z7.DE - Volatility Comparison
HSBC Hang Seng TECH UCITS ETF HKD (H4ZX.DE) has a higher volatility of 10.02% compared to HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) (H4Z7.DE) at 2.87%. This indicates that H4ZX.DE's price experiences larger fluctuations and is considered to be riskier than H4Z7.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 | H4Z7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.02% | 2.87% | +7.15% |
Volatility (6M)Calculated over the trailing 6-month period | 18.64% | 8.56% | +10.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.17% | 11.25% | +14.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.84% | 14.42% | +23.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.65% | 14.42% | +23.23% |
H4ZX.DE vs. H4Z7.DE - Expense Ratio Comparison
H4ZX.DE has a 0.50% expense ratio, which is higher than H4Z7.DE's 0.24% expense ratio.
Dividends
H4ZX.DE vs. H4Z7.DE - Dividend Comparison
Neither H4ZX.DE nor H4Z7.DE has paid dividends to shareholders.
Frequently Asked Questions
H4ZX.DE and H4Z7.DE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4Z7.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4Z7.DE is cheaper with a 0.24% expense ratio, compared with 0.50% for H4ZX.DE.
H4ZX.DE is categorized as Technology Equities, while H4Z7.DE is REIT. H4ZX.DE tracks Hang Seng TECH, while H4Z7.DE tracks FTSE EPRA/NAREIT Developed. Their fees differ too: 0.50% for H4ZX.DE and 0.24% for H4Z7.DE.
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