AE50.DE vs. H4ZZ.DE
AE50.DE (Amundi ETF STOXX Europe 50 UCITS ETF EUR) and H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) are both Europe Equities funds - AE50.DE tracks the STOXX® Europe 50 while H4ZZ.DE tracks the EURO STOXX 50. Both are passively managed. Over the past year, AE50.DE returned 24.57% vs 22.41% for H4ZZ.DE. Their correlation of 0.92 suggests significant overlap in exposure. AE50.DE charges 0.15%/yr vs 0.05%/yr for H4ZZ.DE.
Performance
AE50.DE vs. H4ZZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AE50.DE achieves a 11.24% return, which is significantly higher than H4ZZ.DE's 10.19% return.
AE50.DE
- 1D
- 0.71%
- 1M
- 3.13%
- YTD
- 11.24%
- 6M
- 11.92%
- 1Y
- 24.57%
- 3Y*
- 13.99%
- 5Y*
- 11.73%
- 10Y*
- 10.59%
H4ZZ.DE
- 1D
- 0.79%
- 1M
- 3.49%
- YTD
- 10.19%
- 6M
- 11.16%
- 1Y
- 22.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AE50.DE vs. H4ZZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AE50.DE Amundi ETF STOXX Europe 50 UCITS ETF EUR | 11.24% | 18.08% | -3.68% |
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 10.19% | 22.35% | -2.42% |
Correlation
The correlation between AE50.DE and H4ZZ.DE is 0.93, 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 | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024 | 0.92 |
The correlation between AE50.DE and H4ZZ.DE has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
AE50.DE vs. H4ZZ.DE — Risk / Return Rank
AE50.DE
H4ZZ.DE
AE50.DE vs. H4ZZ.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 (Acc) (H4ZZ.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.
| AE50.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.26 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 2.04 | +0.52 |
| Martin ratioReturn relative to average drawdown | 9.38 | 7.07 | +2.31 |
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Drawdowns
AE50.DE vs. H4ZZ.DE - Drawdown Comparison
The maximum AE50.DE drawdown since its inception was -32.20%, which is greater than H4ZZ.DE's maximum drawdown of -16.46%. Use the drawdown chart below to compare losses from any high point for AE50.DE and H4ZZ.DE.
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Drawdown Indicators
| AE50.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.20% | -16.46% | -15.74% |
Max Drawdown (1Y)Largest decline over 1 year | -9.54% | -10.94% | +1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -17.29% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.29% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.20% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.83% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -5.67% | -2.66% | -3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 3.16% | -0.55% |
Volatility
AE50.DE vs. H4ZZ.DE - Volatility Comparison
The current volatility for Amundi ETF STOXX Europe 50 UCITS ETF EUR (AE50.DE) is 2.91%, while HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) has a volatility of 3.53%. This indicates that AE50.DE experiences smaller price fluctuations and is considered to be less risky than H4ZZ.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 | H4ZZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | 3.53% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 10.98% | 13.18% | -2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.38% | 15.98% | -2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 16.81% | -2.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.87% | 16.81% | -1.94% |
AE50.DE vs. H4ZZ.DE - Expense Ratio Comparison
AE50.DE has a 0.15% expense ratio, which is higher than H4ZZ.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. H4ZZ.DE - Dividend Comparison
Neither AE50.DE nor H4ZZ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, AE50.DE and H4ZZ.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, H4ZZ.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZZ.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for AE50.DE.
AE50.DE tracks STOXX® Europe 50, while H4ZZ.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 H4ZZ.DE.
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