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CBUD.DE vs. H4ZA.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CBUD.DE vs. H4ZA.DE

Last updated Jul 18, 2026
Documentation

CBUD.DE (iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist)) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both Europe Equities funds - CBUD.DE tracks the MSCI Europe SRI Select Reduced Fossil Fuel Index (EUR Hedged) while H4ZA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 3 years, CBUD.DE returned 7.94%/yr vs 15.78%/yr for H4ZA.DE. A 0.68 correlation means they provide meaningful diversification when combined.

Performance

CBUD.DE vs. H4ZA.DE - Performance Comparison

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

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Returns By Period

The year-to-date returns for both investments are quite close, with CBUD.DE having a 9.55% return and H4ZA.DE slightly higher at 9.79%.

CBUD.DE

1D
-0.35%
1M
0.52%
6M
6.11%
YTD
9.55%
1Y
10.59%
3Y*
7.94%
5Y*
—
10Y*
—

H4ZA.DE

1D
-0.80%
1M
-0.88%
6M
5.52%
YTD
9.79%
1Y
18.89%
3Y*
15.78%
5Y*
12.34%
10Y*
11.03%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CBUD.DE vs. H4ZA.DE - Yearly Performance Comparison

2026 (YTD)20252024202320222021
CBUD.DE
iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist)		9.55%4.27%4.94%14.94%-14.16%6.58%
H4ZA.DE
HSBC EURO STOXX 50 UCITS ETF EUR		9.79%22.26%11.06%22.59%-8.87%6.67%

Correlation

The correlation between CBUD.DE and H4ZA.DE is 0.86, 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

0.87

Correlation (3Y)
Calculated over the trailing 3-year period

0.87

Correlation (All Time)
Calculated using the full available price history since Jul 28, 2021

0.68

The correlation between CBUD.DE and H4ZA.DE shifts across timeframes, from 0.68 (all time) to 0.87 (3 years), reflecting how their relationship changes across market environments.

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iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist)

HSBC EURO STOXX 50 UCITS ETF EUR

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Often compared with H4ZA.DE:
H4ZA.DE vs. H4ZF.DEH4ZA.DE vs. SCHDH4ZA.DE vs. HWWA.LH4ZA.DE vs. MEUD.LH4ZA.DE vs. ISF.LH4ZA.DE vs. PR1E.DEH4ZA.DE vs. TDGB.L

Return for Risk

CBUD.DE vs. H4ZA.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CBUD.DE
CBUD.DE Risk / Return Rank: 2929
Overall Rank
CBUD.DE Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
CBUD.DE Sortino Ratio Rank: 2828
Sortino Ratio Rank
CBUD.DE Omega Ratio Rank: 2727
Omega Ratio Rank
CBUD.DE Calmar Ratio Rank: 2828
Calmar Ratio Rank
CBUD.DE Martin Ratio Rank: 3232
Martin Ratio Rank
H4ZA.DE
H4ZA.DE Risk / Return Rank: 4343
Overall Rank
H4ZA.DE Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
H4ZA.DE Sortino Ratio Rank: 4444
Sortino Ratio Rank
H4ZA.DE Omega Ratio Rank: 4242
Omega Ratio Rank
H4ZA.DE Calmar Ratio Rank: 4343
Calmar Ratio Rank
H4ZA.DE Martin Ratio Rank: 4747
Martin Ratio Rank
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.

CBUD.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 Hedged (Dist) (CBUD.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.

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.

CBUD.DEH4ZA.DEDifference
Sharpe ratioReturn per unit of total volatility
0.79
1.18

-0.38

Sortino ratioReturn per unit of downside risk
1.20
1.80

-0.60

Omega ratioGain probability vs. loss probability

1.15

1.22

-0.07

Calmar ratioReturn relative to maximum drawdown

1.07

1.72

-0.64

Martin ratioReturn relative to average drawdown

3.55

6.00

-2.45

CBUD.DE vs. H4ZA.DE - Sharpe Ratio Comparison

The current CBUD.DE Sharpe Ratio is 0.79, which is lower than the H4ZA.DE Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of CBUD.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.

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Drawdowns

CBUD.DE vs. H4ZA.DE - Drawdown Comparison

The maximum CBUD.DE drawdown since its inception was -23.10%, smaller than the maximum H4ZA.DE drawdown of -38.40%. Use the drawdown chart below to compare losses from any high point for CBUD.DE and H4ZA.DE.

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Drawdown Indicators

CBUD.DEH4ZA.DEDifference

Max Drawdown

Largest peak-to-trough decline

-23.10%

-38.40%

+15.30%

Max Drawdown (1Y)

Largest decline over 1 year

-9.85%

-10.97%

+1.12%

Max Drawdown (3Y)

Largest decline over 3 years

-15.94%

-16.39%

+0.45%

Max Drawdown (5Y)

Largest decline over 5 years

—

-23.26%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.40%

—

Current Drawdown

Current decline from peak

-1.57%

-2.69%

+1.12%

Average Drawdown

Average peak-to-trough decline

-5.90%

-7.18%

+1.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.98%

3.14%

-0.16%

Volatility

CBUD.DE vs. H4ZA.DE - Volatility Comparison

The current volatility for iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist) (CBUD.DE) is 3.21%, while HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a volatility of 3.98%. This indicates that CBUD.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

CBUD.DEH4ZA.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.21%

3.98%

-0.77%

Volatility (6M)

Calculated over the trailing 6-month period

10.87%

13.35%

-2.48%

Volatility (1Y)

Calculated over the trailing 1-year period

13.33%

16.04%

-2.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.40%

17.53%

-3.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.40%

17.81%

-3.41%

Dividends

CBUD.DE vs. H4ZA.DE - Dividend Comparison

CBUD.DE's dividend yield for the trailing twelve months is around 1.94%, less than H4ZA.DE's 2.38% yield.

PositionTTM20252024202320222021202020192018201720162015
CBUD.DE
iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist)		1.94%2.09%2.43%2.45%2.57%0.38%0.00%0.00%0.00%0.00%0.00%0.00%
H4ZA.DE
HSBC EURO STOXX 50 UCITS ETF EUR		2.38%2.49%2.89%2.93%2.94%1.94%2.06%2.84%3.55%2.73%2.85%2.70%

Frequently Asked Questions

CBUD.DE and H4ZA.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CBUD.DE tracks MSCI Europe SRI Select Reduced Fossil Fuel Index (EUR Hedged), while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: iShares and HSBC.

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