36B3.DE vs. H4ZA.DE
36B3.DE (iShares MSCI Europe SRI UCITS ETF EUR Dist) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both Europe Equities funds - 36B3.DE tracks the MSCI Europe SRI Select Reduced Fossil Fuels while H4ZA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 5 years, 36B3.DE returned 5.39%/yr vs 12.12%/yr for H4ZA.DE. Their correlation of 0.92 suggests significant overlap in exposure. 36B3.DE charges 0.20%/yr vs 0.05%/yr for H4ZA.DE.
Performance
36B3.DE vs. H4ZA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36B3.DE achieves a 6.64% return, which is significantly lower than H4ZA.DE's 7.24% return.
36B3.DE
- 1D
- 0.84%
- 1M
- 1.55%
- YTD
- 6.64%
- 6M
- 8.49%
- 1Y
- 5.53%
- 3Y*
- 7.06%
- 5Y*
- 5.39%
- 10Y*
- —
H4ZA.DE
- 1D
- 0.77%
- 1M
- 1.94%
- YTD
- 7.24%
- 6M
- 8.59%
- 1Y
- 15.63%
- 3Y*
- 16.60%
- 5Y*
- 12.12%
- 10Y*
- 10.80%
36B3.DE vs. H4ZA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
36B3.DE iShares MSCI Europe SRI UCITS ETF EUR Dist | 6.64% | 3.96% | 5.27% | 16.63% | -15.19% | 26.68% | 3.90% | 18.99% |
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 7.24% | 22.26% | 13.81% | 22.59% | -8.87% | 23.72% | -2.73% | 18.18% |
Correlation
The correlation between 36B3.DE and H4ZA.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2019 | 0.92 |
The correlation between 36B3.DE and H4ZA.DE has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
36B3.DE vs. H4ZA.DE — Risk / Return Rank
36B3.DE
H4ZA.DE
36B3.DE vs. H4ZA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe SRI UCITS ETF EUR Dist (36B3.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.
| 36B3.DE | H4ZA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.18 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | 1.43 | -0.89 |
| Martin ratioReturn relative to average drawdown | 1.42 | 4.85 | -3.43 |
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
| 36B3.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 0.98 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.69 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.41 | +0.10 |
Drawdowns
36B3.DE vs. H4ZA.DE - Drawdown Comparison
The maximum 36B3.DE drawdown since its inception was -33.57%, smaller than the maximum H4ZA.DE drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for 36B3.DE and H4ZA.DE.
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Drawdown Indicators
| 36B3.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.57% | -38.41% | +4.84% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -10.97% | +1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -15.87% | -16.40% | +0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -23.45% | -23.26% | -0.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.41% | — |
Current DrawdownCurrent decline from peak | -0.82% | -0.50% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -5.72% | -7.84% | +2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 3.24% | +0.58% |
Volatility
36B3.DE vs. H4ZA.DE - Volatility Comparison
The current volatility for iShares MSCI Europe SRI UCITS ETF EUR Dist (36B3.DE) is 4.30%, while HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a volatility of 4.95%. This indicates that 36B3.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.
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Volatility by Period
| 36B3.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 4.95% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 12.99% | -2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.38% | 15.99% | -2.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.57% | 17.50% | -2.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.35% | 18.17% | -1.82% |
36B3.DE vs. H4ZA.DE - Expense Ratio Comparison
36B3.DE has a 0.20% 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
36B3.DE vs. H4ZA.DE - Dividend Comparison
36B3.DE's dividend yield for the trailing twelve months is around 1.98%, less than H4ZA.DE's 2.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
36B3.DE iShares MSCI Europe SRI UCITS ETF EUR Dist | 1.98% | 2.13% | 2.45% | 2.46% | 2.63% | 1.80% | 1.65% | 2.58% | 0.00% | 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
36B3.DE and H4ZA.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
H4ZA.DE is cheaper with a 0.05% expense ratio, compared with 0.20% for 36B3.DE.
36B3.DE tracks MSCI Europe SRI Select Reduced Fossil Fuels, while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.20% for 36B3.DE and 0.05% for H4ZA.DE.
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