H4ZX.DE vs. VOO
Compare and contrast key facts about HSBC Hang Seng TECH UCITS ETF HKD (H4ZX.DE) and Vanguard S&P 500 ETF (VOO).
H4ZX.DE and VOO 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 that tracks the performance of the Hang Seng TECH. It was launched on Dec 9, 2020. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both H4ZX.DE and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
H4ZX.DE vs. VOO - Performance Comparison
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H4ZX.DE vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
H4ZX.DE HSBC Hang Seng TECH UCITS ETF HKD | -13.96% | 10.69% | 28.06% | -11.53% | -20.44% | -29.60% | 2.10% |
VOO Vanguard S&P 500 ETF | -2.17% | 3.84% | 33.23% | 22.54% | -13.10% | 38.43% | 1.08% |
Different Trading Currencies
H4ZX.DE is traded in EUR, while VOO is traded in USD. To make them comparable, the VOO values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, H4ZX.DE achieves a -13.96% return, which is significantly lower than VOO's -2.90% return.
H4ZX.DE
- 1D
- 0.88%
- 1M
- -3.54%
- YTD
- -13.96%
- 6M
- -25.69%
- 1Y
- -18.02%
- 3Y*
- 1.73%
- 5Y*
- -10.78%
- 10Y*
- —
VOO
- 1D
- 0.00%
- 1M
- -4.00%
- YTD
- -2.90%
- 6M
- -0.75%
- 1Y
- 9.44%
- 3Y*
- 15.76%
- 5Y*
- 12.16%
- 10Y*
- 13.88%
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H4ZX.DE vs. VOO - Expense Ratio Comparison
H4ZX.DE has a 0.50% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
H4ZX.DE vs. VOO — Risk / Return Rank
H4ZX.DE
VOO
H4ZX.DE vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.63 | 0.46 | -1.09 |
Sortino ratioReturn per unit of downside risk | -0.75 | 0.77 | -1.52 |
Omega ratioGain probability vs. loss probability | 0.91 | 1.12 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | -0.59 | 0.70 | -1.29 |
Martin ratioReturn relative to average drawdown | -1.30 | 2.97 | -4.27 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.63 | 0.46 | -1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.28 | 0.73 | -1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.23 | 0.84 | -1.07 |
Correlation
The correlation between H4ZX.DE and VOO is 0.18, 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.
Dividends
H4ZX.DE vs. VOO - Dividend Comparison
H4ZX.DE has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
H4ZX.DE vs. VOO - Drawdown Comparison
The maximum H4ZX.DE drawdown since its inception was -69.32%, which is greater than VOO's maximum drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for H4ZX.DE and VOO.
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Drawdown Indicators
| H4ZX.DE | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.32% | -33.99% | -35.33% |
Max Drawdown (1Y)Largest decline over 1 year | -28.90% | -11.98% | -16.92% |
Max Drawdown (5Y)Largest decline over 5 years | -62.13% | -24.52% | -37.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -54.21% | -5.55% | -48.66% |
Average DrawdownAverage peak-to-trough decline | -49.39% | -3.72% | -45.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.07% | 2.55% | +10.52% |
Volatility
H4ZX.DE vs. VOO - Volatility Comparison
HSBC Hang Seng TECH UCITS ETF HKD (H4ZX.DE) has a higher volatility of 8.03% compared to Vanguard S&P 500 ETF (VOO) at 4.29%. This indicates that H4ZX.DE's price experiences larger fluctuations and is considered to be riskier than VOO 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 | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.03% | 4.29% | +3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 18.35% | 9.82% | +8.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.59% | 20.47% | +8.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.64% | 16.71% | +20.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.86% | 18.57% | +19.29% |