CEBZ.DE vs. H4ZZ.DE
CEBZ.DE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) are both Europe Equities funds - CEBZ.DE tracks the MSCI Europe Index while H4ZZ.DE tracks the EURO STOXX 50. Both are passively managed. Over the past year, CEBZ.DE returned 15.91% vs 15.62% for H4ZZ.DE. Their correlation of 0.94 suggests significant overlap in exposure. CEBZ.DE charges 0.12%/yr vs 0.05%/yr for H4ZZ.DE.
Performance
CEBZ.DE vs. H4ZZ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with CEBZ.DE having a 7.37% return and H4ZZ.DE slightly lower at 7.20%.
CEBZ.DE
- 1D
- 0.58%
- 1M
- 1.05%
- YTD
- 7.37%
- 6M
- 9.77%
- 1Y
- 15.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
H4ZZ.DE
- 1D
- 0.77%
- 1M
- 1.96%
- YTD
- 7.20%
- 6M
- 8.56%
- 1Y
- 15.62%
- 3Y*
- 15.64%
- 5Y*
- —
- 10Y*
- —
CEBZ.DE vs. H4ZZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CEBZ.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 7.37% | 20.45% | 1.33% |
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 7.20% | 22.35% | -0.46% |
Correlation
The correlation between CEBZ.DE and H4ZZ.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 (All Time) Calculated using the full available price history since Mar 25, 2024 | 0.94 |
The correlation between CEBZ.DE and H4ZZ.DE has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.
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Return for Risk
CEBZ.DE vs. H4ZZ.DE — Risk / Return Rank
CEBZ.DE
H4ZZ.DE
CEBZ.DE vs. H4ZZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe UCITS ETF EUR (Acc) (CEBZ.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.
| CEBZ.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.18 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.43 | +0.24 |
| Martin ratioReturn relative to average drawdown | 6.29 | 4.86 | +1.43 |
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
| CEBZ.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.98 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 1.18 | -0.23 |
Drawdowns
CEBZ.DE vs. H4ZZ.DE - Drawdown Comparison
The maximum CEBZ.DE drawdown since its inception was -16.41%, roughly equal to the maximum H4ZZ.DE drawdown of -16.46%. Use the drawdown chart below to compare losses from any high point for CEBZ.DE and H4ZZ.DE.
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Drawdown Indicators
| CEBZ.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.41% | -16.46% | +0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -10.94% | +1.37% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.46% | — |
Current DrawdownCurrent decline from peak | -1.61% | -0.53% | -1.08% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -2.68% | +0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 3.23% | -0.68% |
Volatility
CEBZ.DE vs. H4ZZ.DE - Volatility Comparison
The current volatility for iShares Core MSCI Europe UCITS ETF EUR (Acc) (CEBZ.DE) is 4.49%, while HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) has a volatility of 4.93%. This indicates that CEBZ.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
| CEBZ.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 4.93% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 10.70% | 12.97% | -2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.97% | 15.97% | -3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.82% | 15.85% | -2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.82% | 15.85% | -2.03% |
CEBZ.DE vs. H4ZZ.DE - Expense Ratio Comparison
CEBZ.DE has a 0.12% 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
CEBZ.DE vs. H4ZZ.DE - Dividend Comparison
Neither CEBZ.DE nor H4ZZ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, CEBZ.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 0.12% for CEBZ.DE.
CEBZ.DE tracks MSCI Europe Index, while H4ZZ.DE tracks EURO STOXX 50. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.12% for CEBZ.DE and 0.05% for H4ZZ.DE.
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