DBXS.DE vs. H4ZA.DE
DBXS.DE (Xtrackers Switzerland UCITS ETF (Dist)) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both Europe Equities funds - DBXS.DE tracks the Solactive Swiss Large Cap Index while H4ZA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, DBXS.DE returned 9.47%/yr vs 11.03%/yr for H4ZA.DE. A 0.56 correlation means they provide meaningful diversification when combined. DBXS.DE charges 0.30%/yr vs 0.05%/yr for H4ZA.DE.
Performance
DBXS.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 DBXS.DE having a 10.18% return and H4ZA.DE slightly lower at 9.79%. Over the past 10 years, DBXS.DE has underperformed H4ZA.DE with an annualized return of 9.47%, while H4ZA.DE has yielded a comparatively higher 11.03% annualized return.
DBXS.DE
- 1D
- 0.65%
- 1M
- 3.73%
- 6M
- 9.03%
- YTD
- 10.18%
- 1Y
- 23.16%
- 3Y*
- 11.78%
- 5Y*
- 8.44%
- 10Y*
- 9.47%
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%
DBXS.DE vs. H4ZA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBXS.DE Xtrackers Switzerland UCITS ETF (Dist) | 10.18% | 19.12% | 3.77% | 10.63% | -11.87% | 28.73% | 1.61% | 35.45% | -4.24% | 7.02% |
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 9.79% | 22.26% | 11.06% | 22.59% | -8.87% | 23.72% | -2.73% | 30.04% | -11.95% | 10.07% |
Correlation
The correlation between DBXS.DE and H4ZA.DE is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010 | 0.56 |
The correlation between DBXS.DE and H4ZA.DE has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.
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Return for Risk
DBXS.DE vs. H4ZA.DE — Risk / Return Rank
DBXS.DE
H4ZA.DE
DBXS.DE vs. H4ZA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Switzerland UCITS ETF (Dist) (DBXS.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.
| DBXS.DE | H4ZA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.22 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.72 | +0.20 |
| Martin ratioReturn relative to average drawdown | 6.57 | 6.00 | +0.57 |
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Drawdowns
DBXS.DE vs. H4ZA.DE - Drawdown Comparison
The maximum DBXS.DE drawdown since its inception was -48.29%, which is greater than H4ZA.DE's maximum drawdown of -38.40%. Use the drawdown chart below to compare losses from any high point for DBXS.DE and H4ZA.DE.
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Drawdown Indicators
| DBXS.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.29% | -38.40% | -9.89% |
Max Drawdown (1Y)Largest decline over 1 year | -12.05% | -10.97% | -1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -14.48% | -16.39% | +1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -17.19% | -23.26% | +6.07% |
Max Drawdown (10Y)Largest decline over 10 years | -25.14% | -38.40% | +13.26% |
Current DrawdownCurrent decline from peak | -1.37% | -2.69% | +1.32% |
Average DrawdownAverage peak-to-trough decline | -8.72% | -7.18% | -1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 3.14% | +0.37% |
Volatility
DBXS.DE vs. H4ZA.DE - Volatility Comparison
The current volatility for Xtrackers Switzerland UCITS ETF (Dist) (DBXS.DE) is 3.74%, while HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a volatility of 3.98%. This indicates that DBXS.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
| DBXS.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 3.98% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 10.88% | 13.35% | -2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 16.04% | -2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.40% | 17.53% | -4.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.99% | 17.81% | -3.82% |
DBXS.DE vs. H4ZA.DE - Expense Ratio Comparison
DBXS.DE has a 0.30% expense ratio, which is higher than H4ZA.DE's 0.05% expense ratio.
Dividends
DBXS.DE vs. H4ZA.DE - Dividend Comparison
DBXS.DE's dividend yield for the trailing twelve months is around 1.38%, less than H4ZA.DE's 2.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBXS.DE Xtrackers Switzerland UCITS ETF (Dist) | 1.38% | 1.52% | 1.63% | 1.76% | 3.25% | 1.20% | 1.59% | 1.21% | 2.35% | 1.32% | 1.06% | 1.25% |
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
DBXS.DE and H4ZA.DE have a correlation of 0.51, 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 0.30% for DBXS.DE.
DBXS.DE tracks Solactive Swiss Large Cap Index, while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: Xtrackers and HSBC. Their fees differ too: 0.30% for DBXS.DE and 0.05% for H4ZA.DE.
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