SXRS.DE vs. H4Z7.DE
SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) and H4Z7.DE (HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc)) are both exchange-traded funds - SXRS.DE is a Commodities fund tracking the Bloomberg Commodity, while H4Z7.DE is a REIT fund tracking the FTSE EPRA/NAREIT Developed. Both are passively managed. Over the past 3 years, SXRS.DE returned 10.89%/yr vs 6.21%/yr for H4Z7.DE. At a 0.07 correlation, their price movements are largely independent. SXRS.DE charges 0.19%/yr vs 0.24%/yr for H4Z7.DE.
Performance
SXRS.DE vs. H4Z7.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRS.DE achieves a 18.88% return, which is significantly higher than H4Z7.DE's 7.83% return.
SXRS.DE
- 1D
- -1.55%
- 1M
- -7.20%
- YTD
- 18.88%
- 6M
- 22.40%
- 1Y
- 27.91%
- 3Y*
- 10.89%
- 5Y*
- 10.89%
- 10Y*
- —
H4Z7.DE
- 1D
- -0.12%
- 1M
- -0.57%
- YTD
- 7.83%
- 6M
- 8.92%
- 1Y
- 10.28%
- 3Y*
- 6.21%
- 5Y*
- —
- 10Y*
- —
SXRS.DE vs. H4Z7.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 18.88% | 4.68% | 11.06% | -10.49% | -7.23% |
H4Z7.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) | 7.83% | -1.78% | 5.80% | 7.39% | -12.91% |
Correlation
The correlation between SXRS.DE and H4Z7.DE is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2022 | 0.07 |
The correlation between SXRS.DE and H4Z7.DE shifts across timeframes, from -0.10 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SXRS.DE vs. H4Z7.DE — Risk / Return Rank
SXRS.DE
H4Z7.DE
SXRS.DE vs. H4Z7.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SXRS.DE | H4Z7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.15 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 1.23 | +2.18 |
| Martin ratioReturn relative to average drawdown | 7.38 | 3.99 | +3.39 |
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Drawdowns
SXRS.DE vs. H4Z7.DE - Drawdown Comparison
The maximum SXRS.DE drawdown since its inception was -37.23%, which is greater than H4Z7.DE's maximum drawdown of -26.78%. Use the drawdown chart below to compare losses from any high point for SXRS.DE and H4Z7.DE.
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Drawdown Indicators
| SXRS.DE | H4Z7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.23% | -26.78% | -10.45% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -7.86% | -0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -15.96% | -20.13% | +4.17% |
Max Drawdown (5Y)Largest decline over 5 years | -27.58% | — | — |
Current DrawdownCurrent decline from peak | -8.74% | -2.86% | -5.88% |
Average DrawdownAverage peak-to-trough decline | -16.43% | -11.52% | -4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 2.42% | +1.62% |
Volatility
SXRS.DE vs. H4Z7.DE - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) has a higher volatility of 5.00% compared to HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) (H4Z7.DE) at 2.87%. This indicates that SXRS.DE's price experiences larger fluctuations and is considered to be riskier 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
| SXRS.DE | H4Z7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 2.87% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 16.89% | 8.56% | +8.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 11.25% | +7.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.19% | 14.41% | +2.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 14.41% | +2.19% |
SXRS.DE vs. H4Z7.DE - Expense Ratio Comparison
SXRS.DE has a 0.19% expense ratio, which is lower than H4Z7.DE's 0.24% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SXRS.DE vs. H4Z7.DE - Dividend Comparison
Neither SXRS.DE nor H4Z7.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRS.DE and H4Z7.DE have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRS.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRS.DE is cheaper with a 0.19% expense ratio, compared with 0.24% for H4Z7.DE.
SXRS.DE is categorized as Commodities, while H4Z7.DE is REIT. SXRS.DE tracks Bloomberg Commodity, while H4Z7.DE tracks FTSE EPRA/NAREIT Developed. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.19% for SXRS.DE and 0.24% for H4Z7.DE.
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