H4ZX.DE vs. QQQ
Compare and contrast key facts about HSBC Hang Seng TECH UCITS ETF HKD (H4ZX.DE) and Invesco QQQ (QQQ).
H4ZX.DE and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. H4ZX.DE is a passively managed fund by HSBC Investment Funds (Luxembourg) S.A. that tracks the performance of the Hang Seng TECH. It was launched on Dec 9, 2020. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both H4ZX.DE and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: H4ZX.DE or QQQ.
Correlation
The correlation between H4ZX.DE and QQQ is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
H4ZX.DE vs. QQQ - Performance Comparison
Key characteristics
H4ZX.DE:
2.00
QQQ:
1.44
H4ZX.DE:
2.76
QQQ:
1.95
H4ZX.DE:
1.34
QQQ:
1.26
H4ZX.DE:
1.08
QQQ:
1.94
H4ZX.DE:
6.41
QQQ:
6.71
H4ZX.DE:
11.33%
QQQ:
3.92%
H4ZX.DE:
36.38%
QQQ:
18.27%
H4ZX.DE:
-69.32%
QQQ:
-82.98%
H4ZX.DE:
-43.82%
QQQ:
0.00%
Returns By Period
In the year-to-date period, H4ZX.DE achieves a 16.85% return, which is significantly higher than QQQ's 5.27% return.
H4ZX.DE
16.85%
14.08%
56.23%
64.74%
N/A
N/A
QQQ
5.27%
3.15%
12.16%
25.73%
18.66%
18.37%
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H4ZX.DE vs. QQQ - Expense Ratio Comparison
H4ZX.DE has a 0.50% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
H4ZX.DE vs. QQQ — Risk-Adjusted Performance Rank
H4ZX.DE
QQQ
H4ZX.DE vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Hang Seng TECH UCITS ETF HKD (H4ZX.DE) and Invesco QQQ (QQQ). 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.
Dividends
H4ZX.DE vs. QQQ - Dividend Comparison
H4ZX.DE has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.53%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
H4ZX.DE vs. QQQ - Drawdown Comparison
The maximum H4ZX.DE drawdown since its inception was -69.32%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for H4ZX.DE and QQQ. For additional features, visit the drawdowns tool.
Volatility
H4ZX.DE vs. QQQ - Volatility Comparison
HSBC Hang Seng TECH UCITS ETF HKD (H4ZX.DE) has a higher volatility of 8.63% compared to Invesco QQQ (QQQ) at 4.93%. This indicates that H4ZX.DE's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.