SKUK.AS vs. H4Z7.DE
SKUK.AS (iShares $ Sukuk UCITS ETF USD (Dist)) and H4Z7.DE (HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc)) are both exchange-traded funds - SKUK.AS is a Emerging Markets Bonds fund tracking the J.P. Morgan EM Aggregate Sukuk Index, while H4Z7.DE is a REIT fund tracking the FTSE EPRA/NAREIT Developed. Both are passively managed. Over the past year, SKUK.AS returned 4.54% vs 11.33% for H4Z7.DE. At a 0.27 correlation, their price movements are largely independent. SKUK.AS charges 0.40%/yr vs 0.24%/yr for H4Z7.DE.
Performance
SKUK.AS vs. H4Z7.DE - Performance Comparison
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Different Trading Currencies
SKUK.AS is traded in USD, while H4Z7.DE is traded in EUR. To make them comparable, the H4Z7.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SKUK.AS achieves a 0.16% return, which is significantly lower than H4Z7.DE's 6.58% return.
SKUK.AS
- 1D
- 0.34%
- 1M
- 0.32%
- YTD
- 0.16%
- 6M
- 0.69%
- 1Y
- 4.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
H4Z7.DE
- 1D
- -0.01%
- 1M
- -3.75%
- YTD
- 6.58%
- 6M
- 6.96%
- 1Y
- 11.33%
- 3Y*
- 9.11%
- 5Y*
- —
- 10Y*
- —
SKUK.AS vs. H4Z7.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SKUK.AS iShares $ Sukuk UCITS ETF USD (Dist) | 0.16% | 5.00% | 4.47% |
H4Z7.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) | 6.58% | 10.89% | 5.97% |
Correlation
The correlation between SKUK.AS and H4Z7.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2024 | 0.27 |
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Return for Risk
SKUK.AS vs. H4Z7.DE — Risk / Return Rank
SKUK.AS
H4Z7.DE
SKUK.AS vs. H4Z7.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Sukuk UCITS ETF USD (Dist) (SKUK.AS) and HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) (H4Z7.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.
| SKUK.AS | H4Z7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.17 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.12 | +0.26 |
| Martin ratioReturn relative to average drawdown | 5.33 | 4.12 | +1.21 |
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
| SKUK.AS | H4Z7.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 0.96 | +0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.43 | 0.28 | +1.15 |
Drawdowns
SKUK.AS vs. H4Z7.DE - Drawdown Comparison
The maximum SKUK.AS drawdown since its inception was -3.33%, smaller than the maximum H4Z7.DE drawdown of -23.58%. Use the drawdown chart below to compare losses from any high point for SKUK.AS and H4Z7.DE.
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Drawdown Indicators
| SKUK.AS | H4Z7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.33% | -23.58% | +20.25% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -10.25% | +6.92% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.39% | — |
Current DrawdownCurrent decline from peak | -0.61% | -4.11% | +3.50% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -8.16% | +7.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 2.80% | -1.93% |
Volatility
SKUK.AS vs. H4Z7.DE - Volatility Comparison
The current volatility for iShares $ Sukuk UCITS ETF USD (Dist) (SKUK.AS) is 1.24%, while HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) (H4Z7.DE) has a volatility of 3.31%. This indicates that SKUK.AS experiences smaller price fluctuations and is considered to be less risky than H4Z7.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKUK.AS | H4Z7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 3.31% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 9.28% | -6.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.19% | 11.97% | -8.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.53% | 16.08% | -12.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.53% | 16.08% | -12.55% |
SKUK.AS vs. H4Z7.DE - Expense Ratio Comparison
SKUK.AS has a 0.40% expense ratio, which is higher than H4Z7.DE's 0.24% expense ratio.
Dividends
SKUK.AS vs. H4Z7.DE - Dividend Comparison
SKUK.AS's dividend yield for the trailing twelve months is around 4.80%, while H4Z7.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
H4Z7.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% |
SKUK.AS iShares $ Sukuk UCITS ETF USD (Dist) | 4.80% | 2.41% | 4.00% |
Frequently Asked Questions
SKUK.AS and H4Z7.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4Z7.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4Z7.DE is cheaper with a 0.24% expense ratio, compared with 0.40% for SKUK.AS.
SKUK.AS is categorized as Emerging Markets Bonds, while H4Z7.DE is REIT. SKUK.AS tracks J.P. Morgan EM Aggregate Sukuk Index, while H4Z7.DE tracks FTSE EPRA/NAREIT Developed. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.40% for SKUK.AS and 0.24% for H4Z7.DE.
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