HPAE.DE vs. H4ZX.DE
HPAE.DE (HSBC MSCI Europe Climate Paris Aligned UCITS ETF EUR Acc) and H4ZX.DE (HSBC Hang Seng TECH UCITS ETF HKD) are both exchange-traded funds - HPAE.DE is a Europe Equities fund tracking the MSCI Europe NR EUR, while H4ZX.DE is a Technology Equities fund tracking the Hang Seng TECH. Both are passively managed. Over the past 3 years, HPAE.DE returned 11.34%/yr vs 6.77%/yr for H4ZX.DE. At a 0.36 correlation, their price movements are largely independent. HPAE.DE charges 0.15%/yr vs 0.50%/yr for H4ZX.DE.
Performance
HPAE.DE vs. H4ZX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HPAE.DE achieves a 6.01% return, which is significantly higher than H4ZX.DE's -10.21% return.
HPAE.DE
- 1D
- 0.91%
- 1M
- 0.82%
- YTD
- 6.01%
- 6M
- 8.47%
- 1Y
- 12.19%
- 3Y*
- 11.34%
- 5Y*
- —
- 10Y*
- —
H4ZX.DE
- 1D
- -0.76%
- 1M
- -0.37%
- YTD
- -10.21%
- 6M
- -12.22%
- 1Y
- -7.89%
- 3Y*
- 6.77%
- 5Y*
- -8.49%
- 10Y*
- —
HPAE.DE vs. H4ZX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HPAE.DE HSBC MSCI Europe Climate Paris Aligned UCITS ETF EUR Acc | 6.01% | 16.07% | 6.83% | 17.07% | -13.17% | 5.18% |
H4ZX.DE HSBC Hang Seng TECH UCITS ETF HKD | -10.21% | 10.69% | 28.06% | -11.53% | -20.44% | -16.46% |
Correlation
The correlation between HPAE.DE and H4ZX.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2021 | 0.36 |
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Return for Risk
HPAE.DE vs. H4ZX.DE — Risk / Return Rank
HPAE.DE
H4ZX.DE
HPAE.DE vs. H4ZX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Europe Climate Paris Aligned UCITS ETF EUR Acc (HPAE.DE) and HSBC Hang Seng TECH UCITS ETF HKD (H4ZX.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.
| HPAE.DE | H4ZX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.98 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | -0.22 | +1.38 |
| Martin ratioReturn relative to average drawdown | 4.08 | -0.41 | +4.49 |
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
| HPAE.DE | H4ZX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | -0.26 | +1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | -0.20 | +0.70 |
Drawdowns
HPAE.DE vs. H4ZX.DE - Drawdown Comparison
The maximum HPAE.DE drawdown since its inception was -22.46%, smaller than the maximum H4ZX.DE drawdown of -69.32%. Use the drawdown chart below to compare losses from any high point for HPAE.DE and H4ZX.DE.
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Drawdown Indicators
| HPAE.DE | H4ZX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.46% | -69.32% | +46.86% |
Max Drawdown (1Y)Largest decline over 1 year | -10.58% | -30.08% | +19.50% |
Max Drawdown (3Y)Largest decline over 3 years | -15.94% | -33.31% | +17.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -60.34% | — |
Current DrawdownCurrent decline from peak | -1.71% | -52.22% | +50.51% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -49.50% | +44.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 16.57% | -13.57% |
Volatility
HPAE.DE vs. H4ZX.DE - Volatility Comparison
The current volatility for HSBC MSCI Europe Climate Paris Aligned UCITS ETF EUR Acc (HPAE.DE) is 4.61%, while HSBC Hang Seng TECH UCITS ETF HKD (H4ZX.DE) has a volatility of 10.02%. This indicates that HPAE.DE experiences smaller price fluctuations and is considered to be less risky than H4ZX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPAE.DE | H4ZX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.61% | 10.02% | -5.41% |
Volatility (6M)Calculated over the trailing 6-month period | 11.29% | 18.64% | -7.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.60% | 26.17% | -12.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.74% | 37.84% | -23.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.74% | 37.65% | -22.91% |
HPAE.DE vs. H4ZX.DE - Expense Ratio Comparison
HPAE.DE has a 0.15% expense ratio, which is lower than H4ZX.DE's 0.50% expense ratio.
Dividends
HPAE.DE vs. H4ZX.DE - Dividend Comparison
Neither HPAE.DE nor H4ZX.DE has paid dividends to shareholders.
Frequently Asked Questions
HPAE.DE and H4ZX.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HPAE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HPAE.DE is cheaper with a 0.15% expense ratio, compared with 0.50% for H4ZX.DE.
HPAE.DE is categorized as Europe Equities, while H4ZX.DE is Technology Equities. HPAE.DE tracks MSCI Europe NR EUR, while H4ZX.DE tracks Hang Seng TECH. Their fees differ too: 0.15% for HPAE.DE and 0.50% for H4ZX.DE.
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