H4ZX.DE vs. IS4S.DE
H4ZX.DE (HSBC Hang Seng TECH UCITS ETF HKD) and IS4S.DE (iShares Digital Security UCITS ETF USD (Dist)) are both Technology Equities funds - H4ZX.DE tracks the Hang Seng TECH while IS4S.DE tracks the STOXX® Global Digital Security. Both are passively managed. Over the past 5 years, H4ZX.DE returned -8.49%/yr vs 11.11%/yr for IS4S.DE. At a 0.35 correlation, their price movements are largely independent. H4ZX.DE charges 0.50%/yr vs 0.40%/yr for IS4S.DE.
Performance
H4ZX.DE vs. IS4S.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 IS4S.DE's 19.89% 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*
- —
IS4S.DE
- 1D
- -2.36%
- 1M
- 10.61%
- YTD
- 19.89%
- 6M
- 21.01%
- 1Y
- 22.61%
- 3Y*
- 18.46%
- 5Y*
- 11.11%
- 10Y*
- —
H4ZX.DE vs. IS4S.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% |
IS4S.DE iShares Digital Security UCITS ETF USD (Dist) | 19.89% | -0.10% | 22.79% | 29.73% | -25.07% | 27.43% | 4.92% |
Correlation
The correlation between H4ZX.DE and IS4S.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2020 | 0.35 |
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Return for Risk
H4ZX.DE vs. IS4S.DE — Risk / Return Rank
H4ZX.DE
IS4S.DE
H4ZX.DE vs. IS4S.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 iShares Digital Security UCITS ETF USD (Dist) (IS4S.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 | IS4S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.21 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 1.85 | -2.07 |
| Martin ratioReturn relative to average drawdown | -0.41 | 4.56 | -4.97 |
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 | IS4S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.26 | 1.11 | -1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.55 | -0.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.20 | 0.65 | -0.86 |
Drawdowns
H4ZX.DE vs. IS4S.DE - Drawdown Comparison
The maximum H4ZX.DE drawdown since its inception was -69.32%, which is greater than IS4S.DE's maximum drawdown of -32.25%. Use the drawdown chart below to compare losses from any high point for H4ZX.DE and IS4S.DE.
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Drawdown Indicators
| H4ZX.DE | IS4S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.32% | -32.25% | -37.07% |
Max Drawdown (1Y)Largest decline over 1 year | -30.08% | -12.18% | -17.90% |
Max Drawdown (3Y)Largest decline over 3 years | -33.31% | -27.06% | -6.25% |
Max Drawdown (5Y)Largest decline over 5 years | -60.34% | -28.04% | -32.30% |
Current DrawdownCurrent decline from peak | -52.22% | -3.05% | -49.17% |
Average DrawdownAverage peak-to-trough decline | -49.50% | -8.82% | -40.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.57% | 4.95% | +11.62% |
Volatility
H4ZX.DE vs. IS4S.DE - Volatility Comparison
HSBC Hang Seng TECH UCITS ETF HKD (H4ZX.DE) has a higher volatility of 10.02% compared to iShares Digital Security UCITS ETF USD (Dist) (IS4S.DE) at 7.92%. This indicates that H4ZX.DE's price experiences larger fluctuations and is considered to be riskier than IS4S.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 | IS4S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.02% | 7.92% | +2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 18.64% | 15.87% | +2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.17% | 20.32% | +5.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.84% | 19.85% | +17.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.65% | 20.17% | +17.48% |
H4ZX.DE vs. IS4S.DE - Expense Ratio Comparison
H4ZX.DE has a 0.50% expense ratio, which is higher than IS4S.DE's 0.40% expense ratio.
Dividends
H4ZX.DE vs. IS4S.DE - Dividend Comparison
H4ZX.DE has not paid dividends to shareholders, while IS4S.DE's dividend yield for the trailing twelve months is around 0.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
H4ZX.DE HSBC Hang Seng TECH UCITS ETF HKD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IS4S.DE iShares Digital Security UCITS ETF USD (Dist) | 0.28% | 0.34% | 0.44% | 0.40% | 0.91% | 1.00% | 1.03% | 0.88% |
Frequently Asked Questions
H4ZX.DE and IS4S.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS4S.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS4S.DE is cheaper with a 0.40% expense ratio, compared with 0.50% for H4ZX.DE.
H4ZX.DE tracks Hang Seng TECH, while IS4S.DE tracks STOXX® Global Digital Security. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.50% for H4ZX.DE and 0.40% for IS4S.DE.
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