H4ZX.DE vs. H4ZZ.DE
H4ZX.DE (HSBC Hang Seng TECH UCITS ETF HKD) and H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) are both exchange-traded funds - H4ZX.DE is a Technology Equities fund tracking the Hang Seng TECH, while H4ZZ.DE is a Europe Equities fund tracking the EURO STOXX 50. Both are passively managed. Over the past 3 years, H4ZX.DE returned 6.77%/yr vs 15.64%/yr for H4ZZ.DE. At a 0.34 correlation, their price movements are largely independent. H4ZX.DE charges 0.50%/yr vs 0.05%/yr for H4ZZ.DE.
Performance
H4ZX.DE vs. H4ZZ.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 H4ZZ.DE's 7.20% 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*
- —
H4ZZ.DE
- 1D
- 0.77%
- 1M
- 4.70%
- YTD
- 7.20%
- 6M
- 8.61%
- 1Y
- 15.73%
- 3Y*
- 15.64%
- 5Y*
- —
- 10Y*
- —
H4ZX.DE vs. H4ZZ.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% | -14.79% |
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 7.20% | 22.35% | 10.99% | 22.53% | 9.82% |
Correlation
The correlation between H4ZX.DE and H4ZZ.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.34 |
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Return for Risk
H4ZX.DE vs. H4ZZ.DE — Risk / Return Rank
H4ZX.DE
H4ZZ.DE
H4ZX.DE vs. H4ZZ.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 Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.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 | H4ZZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.18 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 1.43 | -1.66 |
| Martin ratioReturn relative to average drawdown | -0.41 | 4.86 | -5.27 |
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 | H4ZZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.26 | 0.98 | -1.24 |
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 | 1.18 | -1.38 |
Drawdowns
H4ZX.DE vs. H4ZZ.DE - Drawdown Comparison
The maximum H4ZX.DE drawdown since its inception was -69.32%, which is greater than H4ZZ.DE's maximum drawdown of -16.46%. Use the drawdown chart below to compare losses from any high point for H4ZX.DE and H4ZZ.DE.
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Drawdown Indicators
| H4ZX.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.32% | -16.46% | -52.86% |
Max Drawdown (1Y)Largest decline over 1 year | -30.08% | -10.94% | -19.14% |
Max Drawdown (3Y)Largest decline over 3 years | -33.31% | -16.46% | -16.85% |
Max Drawdown (5Y)Largest decline over 5 years | -60.34% | — | — |
Current DrawdownCurrent decline from peak | -52.22% | -0.53% | -51.69% |
Average DrawdownAverage peak-to-trough decline | -49.50% | -2.68% | -46.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.57% | 3.23% | +13.34% |
Volatility
H4ZX.DE vs. H4ZZ.DE - Volatility Comparison
HSBC Hang Seng TECH UCITS ETF HKD (H4ZX.DE) has a higher volatility of 10.02% compared to HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) at 4.93%. This indicates that H4ZX.DE's price experiences larger fluctuations and is considered to be riskier than H4ZZ.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 | H4ZZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.02% | 4.93% | +5.09% |
Volatility (6M)Calculated over the trailing 6-month period | 18.64% | 12.97% | +5.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.17% | 15.97% | +10.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.84% | 15.85% | +21.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.65% | 15.85% | +21.80% |
H4ZX.DE vs. H4ZZ.DE - Expense Ratio Comparison
H4ZX.DE has a 0.50% expense ratio, which is higher than H4ZZ.DE's 0.05% expense ratio.
Dividends
H4ZX.DE vs. H4ZZ.DE - Dividend Comparison
Neither H4ZX.DE nor H4ZZ.DE has paid dividends to shareholders.
Frequently Asked Questions
H4ZX.DE and H4ZZ.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4ZZ.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZZ.DE is cheaper with a 0.05% expense ratio, compared with 0.50% for H4ZX.DE.
H4ZX.DE is categorized as Technology Equities, while H4ZZ.DE is Europe Equities. H4ZX.DE tracks Hang Seng TECH, while H4ZZ.DE tracks EURO STOXX 50. Their fees differ too: 0.50% for H4ZX.DE and 0.05% for H4ZZ.DE.
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