The motivation for this paper is the study of arithmetic properties of Shimura varieties, in particular the Newton stratification of the special fiber of a suitable integral model at a prime with parahoric level structure. This is closely related to the structure of RapoportZink spaces and of affine DeligneLusztig varieties. We prove a HodgeNewton decomposition for affine DeligneLusztig varieties and for the special fibers of RapoportZink spaces, relating these spaces to analogous ones defined in terms of Levi subgroups, under a certain condition (HodgeNewton decomposability) which can be phrased in combinatorial terms. Second, we study the Shimura varieties in which every non-basic\sigma-isogeny class is HodgeNewton decomposable. We show that (assuming the axioms of He and Rapoport in Manuscr. Math. 152 (34): 317343, 2017) this condition is equivalent to nice conditions on either the basic locus or on