H4ZX.DE vs. HGGA.DE
H4ZX.DE (HSBC Hang Seng TECH UCITS ETF HKD) and HGGA.DE (HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF) are both exchange-traded funds - H4ZX.DE is a Technology Equities fund tracking the Hang Seng TECH, while HGGA.DE is a Global Bonds fund tracking the Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted. Both are passively managed. Over the past 3 years, H4ZX.DE returned 6.77%/yr vs 0.90%/yr for HGGA.DE. At a correlation of -0.09, they often move in opposite directions. H4ZX.DE charges 0.50%/yr vs 0.18%/yr for HGGA.DE.
Performance
H4ZX.DE vs. HGGA.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 HGGA.DE's 1.31% 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*
- —
HGGA.DE
- 1D
- 0.00%
- 1M
- 0.48%
- YTD
- 1.31%
- 6M
- 0.93%
- 1Y
- 0.17%
- 3Y*
- 0.90%
- 5Y*
- —
- 10Y*
- —
H4ZX.DE vs. HGGA.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% | -23.84% |
HGGA.DE HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF | 1.31% | -4.17% | 5.69% | 0.16% | -1.86% |
Correlation
The correlation between H4ZX.DE and HGGA.DE is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2022 | -0.09 |
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Return for Risk
H4ZX.DE vs. HGGA.DE — Risk / Return Rank
H4ZX.DE
HGGA.DE
H4ZX.DE vs. HGGA.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 Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.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 | HGGA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.01 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 0.08 | -0.31 |
| Martin ratioReturn relative to average drawdown | -0.41 | 0.17 | -0.58 |
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 | HGGA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.26 | 0.05 | -0.31 |
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 | 0.04 | -0.24 |
Drawdowns
H4ZX.DE vs. HGGA.DE - Drawdown Comparison
The maximum H4ZX.DE drawdown since its inception was -69.32%, which is greater than HGGA.DE's maximum drawdown of -8.58%. Use the drawdown chart below to compare losses from any high point for H4ZX.DE and HGGA.DE.
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Drawdown Indicators
| H4ZX.DE | HGGA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.32% | -8.58% | -60.74% |
Max Drawdown (1Y)Largest decline over 1 year | -30.08% | -2.04% | -28.04% |
Max Drawdown (3Y)Largest decline over 3 years | -33.31% | -6.78% | -26.53% |
Max Drawdown (5Y)Largest decline over 5 years | -60.34% | — | — |
Current DrawdownCurrent decline from peak | -52.22% | -4.56% | -47.66% |
Average DrawdownAverage peak-to-trough decline | -49.50% | -4.18% | -45.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.57% | 1.02% | +15.55% |
Volatility
H4ZX.DE vs. HGGA.DE - Volatility Comparison
HSBC Hang Seng TECH UCITS ETF HKD (H4ZX.DE) has a higher volatility of 10.02% compared to HSBC Bloomberg Global Sustainable Aggregate 1-3 Year Bond UCITS ETF (HGGA.DE) at 0.53%. This indicates that H4ZX.DE's price experiences larger fluctuations and is considered to be riskier than HGGA.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 | HGGA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.02% | 0.53% | +9.49% |
Volatility (6M)Calculated over the trailing 6-month period | 18.64% | 2.33% | +16.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.17% | 3.42% | +22.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.84% | 4.98% | +32.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.65% | 4.98% | +32.67% |
H4ZX.DE vs. HGGA.DE - Expense Ratio Comparison
H4ZX.DE has a 0.50% expense ratio, which is higher than HGGA.DE's 0.18% expense ratio.
Dividends
H4ZX.DE vs. HGGA.DE - Dividend Comparison
Neither H4ZX.DE nor HGGA.DE has paid dividends to shareholders.
Frequently Asked Questions
H4ZX.DE and HGGA.DE have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HGGA.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HGGA.DE is cheaper with a 0.18% expense ratio, compared with 0.50% for H4ZX.DE.
H4ZX.DE is categorized as Technology Equities, while HGGA.DE is Global Bonds. H4ZX.DE tracks Hang Seng TECH, while HGGA.DE tracks Bloomberg MSCI Global Aggregate 1-3 SRI Carbon ESG-Weighted. Their fees differ too: 0.50% for H4ZX.DE and 0.18% for HGGA.DE.
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