AE50.DE vs. H4ZA.DE
AE50.DE (Amundi ETF STOXX Europe 50 UCITS ETF EUR) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both Europe Equities funds - AE50.DE tracks the STOXX® Europe 50 while H4ZA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, AE50.DE returned 9.32%/yr vs 10.80%/yr for H4ZA.DE. Their correlation of 0.91 suggests significant overlap in exposure. AE50.DE charges 0.15%/yr vs 0.05%/yr for H4ZA.DE.
Performance
AE50.DE vs. H4ZA.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with AE50.DE having a 7.47% return and H4ZA.DE slightly lower at 7.24%. Over the past 10 years, AE50.DE has underperformed H4ZA.DE with an annualized return of 9.32%, while H4ZA.DE has yielded a comparatively higher 10.80% annualized return.
AE50.DE
- 1D
- 0.82%
- 1M
- 3.36%
- YTD
- 7.47%
- 6M
- 9.70%
- 1Y
- 16.71%
- 3Y*
- 12.27%
- 5Y*
- 11.33%
- 10Y*
- 9.32%
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%
AE50.DE vs. H4ZA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AE50.DE Amundi ETF STOXX Europe 50 UCITS ETF EUR | 7.47% | 18.08% | 7.63% | 14.90% | -1.62% | 26.03% | -6.38% | 28.61% | -10.46% | 9.34% |
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% | -11.96% | 10.07% |
Correlation
The correlation between AE50.DE and H4ZA.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2014 | 0.91 |
The correlation between AE50.DE and H4ZA.DE has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
AE50.DE vs. H4ZA.DE — Risk / Return Rank
AE50.DE
H4ZA.DE
AE50.DE vs. H4ZA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi ETF STOXX Europe 50 UCITS ETF EUR (AE50.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.
| AE50.DE | H4ZA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.18 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.43 | +0.32 |
| Martin ratioReturn relative to average drawdown | 6.15 | 4.85 | +1.30 |
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
| AE50.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.98 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.69 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.59 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.41 | +0.07 |
Drawdowns
AE50.DE vs. H4ZA.DE - Drawdown Comparison
The maximum AE50.DE drawdown since its inception was -32.20%, smaller than the maximum H4ZA.DE drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for AE50.DE and H4ZA.DE.
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Drawdown Indicators
| AE50.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.20% | -38.41% | +6.21% |
Max Drawdown (1Y)Largest decline over 1 year | -9.54% | -10.97% | +1.43% |
Max Drawdown (3Y)Largest decline over 3 years | -17.29% | -16.40% | -0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -17.29% | -23.26% | +5.97% |
Max Drawdown (10Y)Largest decline over 10 years | -32.20% | -38.41% | +6.21% |
Current DrawdownCurrent decline from peak | -1.65% | -0.50% | -1.15% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -7.84% | +2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 3.24% | -0.53% |
Volatility
AE50.DE vs. H4ZA.DE - Volatility Comparison
The current volatility for Amundi ETF STOXX Europe 50 UCITS ETF EUR (AE50.DE) is 4.34%, while HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a volatility of 4.95%. This indicates that AE50.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
| AE50.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 4.95% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 10.78% | 12.99% | -2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.25% | 15.99% | -2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.93% | 17.50% | -3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.11% | 18.17% | -3.06% |
AE50.DE vs. H4ZA.DE - Expense Ratio Comparison
AE50.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
AE50.DE vs. H4ZA.DE - Dividend Comparison
AE50.DE has not paid dividends to shareholders, while H4ZA.DE's dividend yield for the trailing twelve months is around 2.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AE50.DE Amundi ETF STOXX Europe 50 UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
With a correlation of 0.94, AE50.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.
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 0.15% for AE50.DE.
AE50.DE tracks STOXX® Europe 50, while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: Amundi and HSBC. Their fees differ too: 0.15% for AE50.DE and 0.05% for H4ZA.DE.
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