H4ZX.DE vs. KROP.DE
H4ZX.DE (HSBC Hang Seng TECH UCITS ETF HKD) and KROP.DE (Global X AgTech and Food Innovation UCITS ETF USD Accumulating) are both Technology Equities funds - H4ZX.DE tracks the Hang Seng TECH while KROP.DE tracks the Solactive AgTech and Food Innovation. Both are passively managed. Over the past 3 years, H4ZX.DE returned 6.77%/yr vs -2.05%/yr for KROP.DE. At a 0.32 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
H4ZX.DE vs. KROP.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 KROP.DE's 17.14% 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*
- —
KROP.DE
- 1D
- 0.13%
- 1M
- 0.32%
- YTD
- 17.14%
- 6M
- 14.58%
- 1Y
- 9.63%
- 3Y*
- -2.05%
- 5Y*
- —
- 10Y*
- —
H4ZX.DE vs. KROP.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% | -22.87% |
KROP.DE Global X AgTech and Food Innovation UCITS ETF USD Accumulating | 17.14% | -4.87% | -2.79% | -25.11% | -19.26% |
Correlation
The correlation between H4ZX.DE and KROP.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | 0.32 |
The correlation between H4ZX.DE and KROP.DE shifts across timeframes, from 0.22 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
H4ZX.DE vs. KROP.DE — Risk / Return Rank
H4ZX.DE
KROP.DE
H4ZX.DE vs. KROP.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 Global X AgTech and Food Innovation UCITS ETF USD Accumulating (KROP.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 | KROP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.12 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 1.04 | -1.26 |
| Martin ratioReturn relative to average drawdown | -0.41 | 2.21 | -2.62 |
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 | KROP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.26 | 0.62 | -0.88 |
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 | -0.47 | +0.27 |
Drawdowns
H4ZX.DE vs. KROP.DE - Drawdown Comparison
The maximum H4ZX.DE drawdown since its inception was -69.32%, which is greater than KROP.DE's maximum drawdown of -52.74%. Use the drawdown chart below to compare losses from any high point for H4ZX.DE and KROP.DE.
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Drawdown Indicators
| H4ZX.DE | KROP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.32% | -52.74% | -16.58% |
Max Drawdown (1Y)Largest decline over 1 year | -30.08% | -9.22% | -20.86% |
Max Drawdown (3Y)Largest decline over 3 years | -33.31% | -27.28% | -6.03% |
Max Drawdown (5Y)Largest decline over 5 years | -60.34% | — | — |
Current DrawdownCurrent decline from peak | -52.22% | -41.08% | -11.14% |
Average DrawdownAverage peak-to-trough decline | -49.50% | -36.46% | -13.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.57% | 4.34% | +12.23% |
Volatility
H4ZX.DE vs. KROP.DE - Volatility Comparison
HSBC Hang Seng TECH UCITS ETF HKD (H4ZX.DE) has a higher volatility of 10.02% compared to Global X AgTech and Food Innovation UCITS ETF USD Accumulating (KROP.DE) at 5.58%. This indicates that H4ZX.DE's price experiences larger fluctuations and is considered to be riskier than KROP.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 | KROP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.02% | 5.58% | +4.44% |
Volatility (6M)Calculated over the trailing 6-month period | 18.64% | 12.02% | +6.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.17% | 15.43% | +10.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.84% | 19.64% | +18.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.65% | 19.64% | +18.01% |
H4ZX.DE vs. KROP.DE - Expense Ratio Comparison
Both H4ZX.DE and KROP.DE have an expense ratio of 0.50%.
Dividends
H4ZX.DE vs. KROP.DE - Dividend Comparison
Neither H4ZX.DE nor KROP.DE has paid dividends to shareholders.
Frequently Asked Questions
H4ZX.DE and KROP.DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZX.DE and KROP.DE have the same expense ratio: 0.50% per year.
H4ZX.DE tracks Hang Seng TECH, while KROP.DE tracks Solactive AgTech and Food Innovation. They also come from different issuers: HSBC and Global X.
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