H4ZX.DE vs. WDTE.DE
H4ZX.DE (HSBC Hang Seng TECH UCITS ETF HKD) and WDTE.DE (Invesco S&P World Information Technology ESG UCITS ETF Acc) are both Technology Equities funds - H4ZX.DE tracks the Hang Seng TECH while WDTE.DE tracks the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology. Both are passively managed. Over the past 3 years, H4ZX.DE returned 6.77%/yr vs 25.83%/yr for WDTE.DE. At a 0.25 correlation, their price movements are largely independent. H4ZX.DE charges 0.50%/yr vs 0.18%/yr for WDTE.DE.
Performance
H4ZX.DE vs. WDTE.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 WDTE.DE's 18.32% 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*
- —
WDTE.DE
- 1D
- -2.54%
- 1M
- 12.94%
- YTD
- 18.32%
- 6M
- 18.30%
- 1Y
- 36.88%
- 3Y*
- 25.83%
- 5Y*
- —
- 10Y*
- —
H4ZX.DE vs. WDTE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
H4ZX.DE HSBC Hang Seng TECH UCITS ETF HKD | -10.21% | 10.69% | 28.06% | -11.24% |
WDTE.DE Invesco S&P World Information Technology ESG UCITS ETF Acc | 18.32% | 6.19% | 42.11% | 32.17% |
Correlation
The correlation between H4ZX.DE and WDTE.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.25 |
The correlation between H4ZX.DE and WDTE.DE shifts across timeframes, from 0.25 (3 years) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
H4ZX.DE vs. WDTE.DE — Risk / Return Rank
H4ZX.DE
WDTE.DE
H4ZX.DE vs. WDTE.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 Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.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 | WDTE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.70 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.32 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 2.33 | -2.55 |
| Martin ratioReturn relative to average drawdown | -0.41 | 6.14 | -6.55 |
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 | WDTE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.26 | 1.88 | -2.14 |
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 | 1.44 | -1.64 |
Drawdowns
H4ZX.DE vs. WDTE.DE - Drawdown Comparison
The maximum H4ZX.DE drawdown since its inception was -69.32%, which is greater than WDTE.DE's maximum drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for H4ZX.DE and WDTE.DE.
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Drawdown Indicators
| H4ZX.DE | WDTE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.32% | -28.19% | -41.13% |
Max Drawdown (1Y)Largest decline over 1 year | -30.08% | -15.79% | -14.29% |
Max Drawdown (3Y)Largest decline over 3 years | -33.31% | -28.19% | -5.12% |
Max Drawdown (5Y)Largest decline over 5 years | -60.34% | — | — |
Current DrawdownCurrent decline from peak | -52.22% | -3.63% | -48.59% |
Average DrawdownAverage peak-to-trough decline | -49.50% | -4.97% | -44.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.57% | 5.99% | +10.58% |
Volatility
H4ZX.DE vs. WDTE.DE - Volatility Comparison
HSBC Hang Seng TECH UCITS ETF HKD (H4ZX.DE) has a higher volatility of 10.02% compared to Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.DE) at 8.26%. This indicates that H4ZX.DE's price experiences larger fluctuations and is considered to be riskier than WDTE.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 | WDTE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.02% | 8.26% | +1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 18.64% | 15.09% | +3.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.17% | 19.51% | +6.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.84% | 21.74% | +16.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.65% | 21.74% | +15.91% |
H4ZX.DE vs. WDTE.DE - Expense Ratio Comparison
H4ZX.DE has a 0.50% expense ratio, which is higher than WDTE.DE's 0.18% expense ratio.
Dividends
H4ZX.DE vs. WDTE.DE - Dividend Comparison
Neither H4ZX.DE nor WDTE.DE has paid dividends to shareholders.
Frequently Asked Questions
H4ZX.DE and WDTE.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WDTE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDTE.DE is cheaper with a 0.18% expense ratio, compared with 0.50% for H4ZX.DE.
H4ZX.DE tracks Hang Seng TECH, while WDTE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology. They also come from different issuers: HSBC and Invesco. Their fees differ too: 0.50% for H4ZX.DE and 0.18% for WDTE.DE.
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