10AI.DE vs. H4ZA.DE

Last updated Jun 5, 2026

10AI.DE (Amundi Index MSCI Europe UCITS ETF DR EUR (D)) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both Europe Equities funds - 10AI.DE tracks the MSCI Europe while H4ZA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 5 years, 10AI.DE returned 9.90%/yr vs 12.12%/yr for H4ZA.DE. Their correlation of 0.87 suggests significant overlap in exposure. 10AI.DE charges 0.15%/yr vs 0.05%/yr for H4ZA.DE.

Performance

10AI.DE vs. H4ZA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Index MSCI Europe UCITS ETF DR EUR (D) (10AI.DE) and HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with 10AI.DE having a 7.51% return and H4ZA.DE slightly lower at 7.24%.

10AI.DE

• 1D: 0.60%
• 1M: 3.33%
• YTD: 7.51%
• 6M: 9.77%
• 1Y: 16.07%
• 3Y*: 13.61%
• 5Y*: 9.90%
• 10Y*: —

H4ZA.DE

• 1D: 0.77%
• 1M: 4.72%
• YTD: 7.24%
• 6M: 8.63%
• 1Y: 15.73%
• 3Y*: 16.60%
• 5Y*: 12.12%
• 10Y*: 10.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

10AI.DE vs. H4ZA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
10AI.DE Amundi Index MSCI Europe UCITS ETF DR EUR (D)	7.51%	20.22%	8.28%	15.64%	-9.34%	25.18%	-3.49%	30.37%	-11.21%
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR	7.24%	22.26%	13.81%	22.59%	-8.87%	23.72%	-2.73%	30.07%	-12.04%

Correlation

The correlation between 10AI.DE and H4ZA.DE is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Apr 19, 2018	0.87

The correlation between 10AI.DE and H4ZA.DE has been stable across timeframes, ranging from 0.87 to 0.95 - a consistent structural relationship.

Return for Risk

10AI.DE vs. H4ZA.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

10AI.DE

10AI.DE Risk / Return Rank: 36
10AI.DE Sharpe Ratio Rank: 35
10AI.DE Sortino Ratio Rank: 36
10AI.DE Omega Ratio Rank: 36
10AI.DE Calmar Ratio Rank: 35
10AI.DE Martin Ratio Rank: 40

H4ZA.DE

H4ZA.DE Risk / Return Rank: 29
H4ZA.DE Sharpe Ratio Rank: 28
H4ZA.DE Sortino Ratio Rank: 29
H4ZA.DE Omega Ratio Rank: 28
H4ZA.DE Calmar Ratio Rank: 30
H4ZA.DE Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

10AI.DE vs. H4ZA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Index MSCI Europe UCITS ETF DR EUR (D) (10AI.DE) and HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.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.

	10AI.DE	H4ZA.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.25	0.98	+0.27
Sortino ratio: Return per unit of downside risk	1.84	1.54	+0.31
Omega ratio: Gain probability vs. loss probability	1.24	1.18	+0.05
Calmar ratio: Return relative to maximum drawdown	1.69	1.43	+0.27
Martin ratio: Return relative to average drawdown	6.28	4.85	+1.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

10AI.DE vs. H4ZA.DE - Sharpe Ratio Comparison

The current 10AI.DE Sharpe Ratio is 1.25, which is comparable to the H4ZA.DE Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of 10AI.DE and H4ZA.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	10AI.DE	H4ZA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	0.98	+0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.69	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.41	+0.20

Drawdowns

10AI.DE vs. H4ZA.DE - Drawdown Comparison

The maximum 10AI.DE drawdown since its inception was -35.68%, smaller than the maximum H4ZA.DE drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for 10AI.DE and H4ZA.DE.

Drawdown Indicators

	10AI.DE	H4ZA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-35.68%	-38.41%	+2.73%
Max Drawdown (1Y) Largest decline over 1 year	-9.45%	-10.97%	+1.52%
Max Drawdown (3Y) Largest decline over 3 years	-16.63%	-16.40%	-0.23%
Max Drawdown (5Y) Largest decline over 5 years	-19.53%	-23.26%	+3.73%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.41%	—
Current Drawdown Current decline from peak	-1.55%	-0.50%	-1.05%
Average Drawdown Average peak-to-trough decline	-4.88%	-7.84%	+2.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	3.24%	-0.69%

Volatility

10AI.DE vs. H4ZA.DE - Volatility Comparison

The current volatility for Amundi Index MSCI Europe UCITS ETF DR EUR (D) (10AI.DE) is 4.22%, while HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a volatility of 4.95%. This indicates that 10AI.DE experiences smaller price fluctuations and is considered to be less risky than H4ZA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	10AI.DE	H4ZA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.22%	4.95%	-0.73%
Volatility (6M) Calculated over the trailing 6-month period	10.60%	12.99%	-2.39%
Volatility (1Y) Calculated over the trailing 1-year period	12.84%	15.99%	-3.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.22%	17.50%	-3.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.06%	18.17%	-1.11%

10AI.DE vs. H4ZA.DE - Expense Ratio Comparison

10AI.DE has a 0.15% expense ratio, which is higher than H4ZA.DE's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

10AI.DE vs. H4ZA.DE - Dividend Comparison

10AI.DE's dividend yield for the trailing twelve months is around 2.34%, less than H4ZA.DE's 2.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
10AI.DE Amundi Index MSCI Europe UCITS ETF DR EUR (D)	2.34%	2.51%	2.82%	2.77%	3.02%	2.17%	2.07%	3.17%	3.21%	0.00%	0.00%	0.00%
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR	2.44%	2.49%	5.35%	2.93%	2.94%	1.94%	2.06%	2.84%	3.55%	2.73%	2.85%	2.70%

Frequently Asked Questions

Can I hold both 10AI.DE and H4ZA.DE in my portfolio?

With a correlation of 0.95, 10AI.DE and H4ZA.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.

Which ETF is better, 10AI.DE or H4ZA.DE?

On fees, H4ZA.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 10AI.DE or H4ZA.DE?

H4ZA.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for 10AI.DE.

What is the main difference between 10AI.DE and H4ZA.DE?

10AI.DE tracks MSCI Europe, while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: Amundi and HSBC. Their fees differ too: 0.15% for 10AI.DE and 0.05% for H4ZA.DE.