LMWE.DE vs. H4ZL.DE
LMWE.DE (Lyxor FTSE EPRA/NAREIT Global Developed UCITS ETF Dist (EUR)) and H4ZL.DE (HSBC FTSE EPRA NAREIT Developed UCITS ETF USD) are both REIT funds tracking the FTSE EPRA/NAREIT Developed, from Amundi and HSBC respectively. Both are passively managed. Over the past 10 years, LMWE.DE returned 2.38%/yr vs 2.35%/yr for H4ZL.DE. Their correlation of 0.86 suggests significant overlap in exposure. LMWE.DE charges 0.45%/yr vs 0.24%/yr for H4ZL.DE.
Performance
LMWE.DE vs. H4ZL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LMWE.DE achieves a 7.51% return, which is significantly higher than H4ZL.DE's 6.32% return. Both investments have delivered pretty close results over the past 10 years, with LMWE.DE having a 2.38% annualized return and H4ZL.DE not far behind at 2.35%.
LMWE.DE
- 1D
- -0.04%
- 1M
- -1.09%
- YTD
- 7.51%
- 6M
- 6.92%
- 1Y
- 9.15%
- 3Y*
- 4.39%
- 5Y*
- 0.78%
- 10Y*
- 2.38%
H4ZL.DE
- 1D
- -0.02%
- 1M
- -0.95%
- YTD
- 6.32%
- 6M
- 5.87%
- 1Y
- 6.63%
- 3Y*
- 3.13%
- 5Y*
- 0.30%
- 10Y*
- 2.35%
LMWE.DE vs. H4ZL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LMWE.DE Lyxor FTSE EPRA/NAREIT Global Developed UCITS ETF Dist (EUR) | 7.51% | -2.27% | 4.83% | 3.20% | -20.69% | 36.10% | -17.30% | 22.98% | -1.37% | -2.23% |
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 LMWE.DE and H4ZL.DE is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2013 | 0.86 |
The correlation between LMWE.DE and H4ZL.DE has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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Return for Risk
LMWE.DE vs. H4ZL.DE — Risk / Return Rank
LMWE.DE
H4ZL.DE
LMWE.DE vs. H4ZL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor FTSE EPRA/NAREIT Global Developed UCITS ETF Dist (EUR) (LMWE.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.
| LMWE.DE | H4ZL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.11 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 0.84 | +0.39 |
| Martin ratioReturn relative to average drawdown | 3.96 | 2.48 | +1.48 |
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
| LMWE.DE | H4ZL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.59 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.02 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 0.14 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.29 | +0.12 |
Drawdowns
LMWE.DE vs. H4ZL.DE - Drawdown Comparison
The maximum LMWE.DE drawdown since its inception was -42.37%, roughly equal to the maximum H4ZL.DE drawdown of -41.97%. Use the drawdown chart below to compare losses from any high point for LMWE.DE and H4ZL.DE.
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Drawdown Indicators
| LMWE.DE | H4ZL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.37% | -41.97% | -0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -7.88% | -7.82% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -20.47% | -20.68% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -30.69% | -30.45% | -0.24% |
Max Drawdown (10Y)Largest decline over 10 years | -42.37% | -41.97% | -0.40% |
Current DrawdownCurrent decline from peak | -11.34% | -13.81% | +2.47% |
Average DrawdownAverage peak-to-trough decline | -10.67% | -10.80% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 2.67% | -0.25% |
Volatility
LMWE.DE vs. H4ZL.DE - Volatility Comparison
Lyxor FTSE EPRA/NAREIT Global Developed UCITS ETF Dist (EUR) (LMWE.DE) and HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (H4ZL.DE) have volatilities of 2.75% and 2.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LMWE.DE | H4ZL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.75% | 2.88% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 8.23% | 8.34% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.36% | 11.21% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 14.69% | +0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.94% | 16.27% | +0.67% |
LMWE.DE vs. H4ZL.DE - Expense Ratio Comparison
LMWE.DE has a 0.45% expense ratio, which is higher than H4ZL.DE's 0.24% expense ratio.
Dividends
LMWE.DE vs. H4ZL.DE - Dividend Comparison
LMWE.DE's dividend yield for the trailing twelve months is around 2.42%, 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% |
LMWE.DE Lyxor FTSE EPRA/NAREIT Global Developed UCITS ETF Dist (EUR) | 2.42% | 2.61% | 3.75% | 0.00% | 4.18% | 2.22% | 3.76% | 3.37% | 3.76% | 3.44% | 3.65% | 4.01% |
Frequently Asked Questions
With a correlation of 0.91, LMWE.DE and H4ZL.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.45% for LMWE.DE.
Both ETFs track FTSE EPRA/NAREIT Developed. They also come from different issuers: Amundi and HSBC. Their fees differ too: 0.45% for LMWE.DE and 0.24% for H4ZL.DE.
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