H4ZX.DE vs. QDVE.DE
H4ZX.DE (HSBC Hang Seng TECH UCITS ETF HKD) and QDVE.DE (iShares S&P 500 Information Technology Sector UCITS ETF) are both Technology Equities funds - H4ZX.DE tracks the Hang Seng TECH while QDVE.DE tracks the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past 5 years, H4ZX.DE returned -8.49%/yr vs 25.33%/yr for QDVE.DE. At a 0.29 correlation, their price movements are largely independent. H4ZX.DE charges 0.50%/yr vs 0.15%/yr for QDVE.DE.
Performance
H4ZX.DE vs. QDVE.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 QDVE.DE's 24.06% 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*
- —
QDVE.DE
- 1D
- -2.26%
- 1M
- 13.91%
- YTD
- 24.06%
- 6M
- 23.05%
- 1Y
- 49.27%
- 3Y*
- 30.81%
- 5Y*
- 25.33%
- 10Y*
- 26.04%
H4ZX.DE vs. QDVE.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% |
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 24.06% | 9.99% | 46.12% | 54.14% | -25.83% | 46.77% | 2.73% |
Correlation
The correlation between H4ZX.DE and QDVE.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2020 | 0.29 |
The correlation between H4ZX.DE and QDVE.DE shifts across timeframes, from 0.23 (3 years) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
H4ZX.DE vs. QDVE.DE — Risk / Return Rank
H4ZX.DE
QDVE.DE
H4ZX.DE vs. QDVE.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 S&P 500 Information Technology Sector UCITS ETF (QDVE.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 | QDVE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.66 | ||
| Sortino ratioReturn per unit of downside risk | -3.30 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.39 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 3.14 | -3.37 |
| Martin ratioReturn relative to average drawdown | -0.41 | 8.31 | -8.72 |
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 | QDVE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.26 | 2.40 | -2.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 1.10 | -1.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.20 | 1.07 | -1.27 |
Drawdowns
H4ZX.DE vs. QDVE.DE - Drawdown Comparison
The maximum H4ZX.DE drawdown since its inception was -69.32%, which is greater than QDVE.DE's maximum drawdown of -31.45%. Use the drawdown chart below to compare losses from any high point for H4ZX.DE and QDVE.DE.
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Drawdown Indicators
| H4ZX.DE | QDVE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.32% | -31.45% | -37.87% |
Max Drawdown (1Y)Largest decline over 1 year | -30.08% | -15.59% | -14.49% |
Max Drawdown (3Y)Largest decline over 3 years | -33.31% | -29.83% | -3.48% |
Max Drawdown (5Y)Largest decline over 5 years | -60.34% | -29.83% | -30.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.45% | — |
Current DrawdownCurrent decline from peak | -52.22% | -3.08% | -49.14% |
Average DrawdownAverage peak-to-trough decline | -49.50% | -5.80% | -43.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.57% | 5.91% | +10.66% |
Volatility
H4ZX.DE vs. QDVE.DE - Volatility Comparison
HSBC Hang Seng TECH UCITS ETF HKD (H4ZX.DE) has a higher volatility of 10.02% compared to iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) at 7.12%. This indicates that H4ZX.DE's price experiences larger fluctuations and is considered to be riskier than QDVE.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 | QDVE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.02% | 7.12% | +2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 18.64% | 14.85% | +3.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.17% | 20.42% | +5.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.84% | 22.71% | +15.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.65% | 21.73% | +15.92% |
H4ZX.DE vs. QDVE.DE - Expense Ratio Comparison
H4ZX.DE has a 0.50% expense ratio, which is higher than QDVE.DE's 0.15% expense ratio.
Dividends
H4ZX.DE vs. QDVE.DE - Dividend Comparison
Neither H4ZX.DE nor QDVE.DE has paid dividends to shareholders.
Frequently Asked Questions
H4ZX.DE and QDVE.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVE.DE is cheaper with a 0.15% expense ratio, compared with 0.50% for H4ZX.DE.
H4ZX.DE tracks Hang Seng TECH, while QDVE.DE tracks S&P 500 Capped 35/20 Information Technology Index. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.50% for H4ZX.DE and 0.15% for QDVE.DE.
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