IQQP.DE vs. H4ZL.DE
IQQP.DE (iShares European Property Yield UCITS ETF) and H4ZL.DE (HSBC FTSE EPRA NAREIT Developed UCITS ETF USD) are both REIT funds - IQQP.DE tracks the FTSE EPRA/NAREIT Developed Europe ex UK Dividend+ while H4ZL.DE tracks the FTSE EPRA/NAREIT Developed. Both are passively managed. Over the past 10 years, IQQP.DE returned 0.54%/yr vs 2.35%/yr for H4ZL.DE. A 0.62 correlation means they provide meaningful diversification when combined. IQQP.DE charges 0.40%/yr vs 0.24%/yr for H4ZL.DE.
Performance
IQQP.DE vs. H4ZL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQQP.DE achieves a 0.31% return, which is significantly lower than H4ZL.DE's 6.32% return. Over the past 10 years, IQQP.DE has underperformed H4ZL.DE with an annualized return of 0.54%, while H4ZL.DE has yielded a comparatively higher 2.35% annualized return.
IQQP.DE
- 1D
- 0.51%
- 1M
- -3.27%
- YTD
- 0.31%
- 6M
- 1.57%
- 1Y
- -1.56%
- 3Y*
- 10.88%
- 5Y*
- -4.17%
- 10Y*
- 0.54%
H4ZL.DE
- 1D
- -0.02%
- 1M
- -2.45%
- YTD
- 6.32%
- 6M
- 5.97%
- 1Y
- 6.50%
- 3Y*
- 3.13%
- 5Y*
- 0.30%
- 10Y*
- 2.35%
IQQP.DE vs. H4ZL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQQP.DE iShares European Property Yield UCITS ETF | 0.31% | 8.56% | -0.81% | 17.81% | -37.23% | 8.18% | -8.95% | 26.21% | -7.04% | 14.56% |
H4ZL.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD | 6.32% | -4.65% | 2.27% | 6.12% | -20.22% | 36.90% | -16.99% | 23.91% | -0.81% | -2.27% |
Correlation
The correlation between IQQP.DE and H4ZL.DE is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2013 | 0.62 |
The correlation between IQQP.DE and H4ZL.DE has been stable across timeframes, ranging from 0.60 to 0.63 - a consistent structural relationship.
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Return for Risk
IQQP.DE vs. H4ZL.DE — Risk / Return Rank
IQQP.DE
H4ZL.DE
IQQP.DE vs. H4ZL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares European Property Yield UCITS ETF (IQQP.DE) and HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (H4ZL.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.
| IQQP.DE | H4ZL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.11 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 0.84 | -0.94 |
| Martin ratioReturn relative to average drawdown | -0.26 | 2.48 | -2.74 |
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
| IQQP.DE | H4ZL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.10 | 0.59 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | 0.02 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.03 | 0.14 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.29 | -0.11 |
Drawdowns
IQQP.DE vs. H4ZL.DE - Drawdown Comparison
The maximum IQQP.DE drawdown since its inception was -64.70%, which is greater than H4ZL.DE's maximum drawdown of -41.97%. Use the drawdown chart below to compare losses from any high point for IQQP.DE and H4ZL.DE.
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Drawdown Indicators
| IQQP.DE | H4ZL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.70% | -41.97% | -22.73% |
Max Drawdown (1Y)Largest decline over 1 year | -15.07% | -7.82% | -7.25% |
Max Drawdown (3Y)Largest decline over 3 years | -17.28% | -20.68% | +3.40% |
Max Drawdown (5Y)Largest decline over 5 years | -49.34% | -30.45% | -18.89% |
Max Drawdown (10Y)Largest decline over 10 years | -50.23% | -41.97% | -8.26% |
Current DrawdownCurrent decline from peak | -26.93% | -13.81% | -13.12% |
Average DrawdownAverage peak-to-trough decline | -20.15% | -10.80% | -9.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.66% | 2.67% | +2.99% |
Volatility
IQQP.DE vs. H4ZL.DE - Volatility Comparison
iShares European Property Yield UCITS ETF (IQQP.DE) has a higher volatility of 4.69% compared to HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (H4ZL.DE) at 2.88%. This indicates that IQQP.DE's price experiences larger fluctuations and is considered to be riskier than H4ZL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQQP.DE | H4ZL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 2.88% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 12.72% | 8.34% | +4.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.91% | 11.21% | +3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.49% | 14.69% | +6.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.40% | 16.27% | +3.13% |
IQQP.DE vs. H4ZL.DE - Expense Ratio Comparison
IQQP.DE has a 0.40% expense ratio, which is higher than H4ZL.DE's 0.24% expense ratio.
Dividends
IQQP.DE vs. H4ZL.DE - Dividend Comparison
IQQP.DE's dividend yield for the trailing twelve months is around 2.89%, while H4ZL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H4ZL.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD | 0.00% | 0.00% | 0.00% | 2.63% | 3.62% | 2.19% | 3.13% | 2.95% | 3.29% | 3.08% | 2.96% | 2.67% |
IQQP.DE iShares European Property Yield UCITS ETF | 2.89% | 2.89% | 2.75% | 2.65% | 4.34% | 2.07% | 2.64% | 2.92% | 3.33% | 2.83% | 2.61% | 2.62% |
Frequently Asked Questions
IQQP.DE and H4ZL.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4ZL.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZL.DE is cheaper with a 0.24% expense ratio, compared with 0.40% for IQQP.DE.
IQQP.DE tracks FTSE EPRA/NAREIT Developed Europe ex UK Dividend+, while H4ZL.DE tracks FTSE EPRA/NAREIT Developed. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.40% for IQQP.DE and 0.24% for H4ZL.DE.
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