DEAM.DE vs. H4ZZ.DE
DEAM.DE (Invesco MDAX UCITS ETF A) and H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) are both Europe Equities funds - DEAM.DE tracks the MDAX® while H4ZZ.DE tracks the EURO STOXX 50. Both are passively managed. Over the past 3 years, DEAM.DE returned 6.11%/yr vs 15.64%/yr for H4ZZ.DE. Their correlation of 0.80 suggests significant overlap in exposure. DEAM.DE charges 0.19%/yr vs 0.05%/yr for H4ZZ.DE.
Performance
DEAM.DE vs. H4ZZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DEAM.DE achieves a 6.73% return, which is significantly lower than H4ZZ.DE's 7.20% return.
DEAM.DE
- 1D
- 0.22%
- 1M
- 5.09%
- YTD
- 6.73%
- 6M
- 10.46%
- 1Y
- 5.21%
- 3Y*
- 6.11%
- 5Y*
- -0.95%
- 10Y*
- —
H4ZZ.DE
- 1D
- 0.77%
- 1M
- 4.70%
- YTD
- 7.20%
- 6M
- 8.61%
- 1Y
- 15.73%
- 3Y*
- 15.64%
- 5Y*
- —
- 10Y*
- —
DEAM.DE vs. H4ZZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DEAM.DE Invesco MDAX UCITS ETF A | 6.73% | 19.33% | -6.03% | 7.33% | -2.52% |
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 7.20% | 22.35% | 10.99% | 22.53% | 9.82% |
Correlation
The correlation between DEAM.DE and H4ZZ.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.80 |
The correlation between DEAM.DE and H4ZZ.DE has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.
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Return for Risk
DEAM.DE vs. H4ZZ.DE — Risk / Return Rank
DEAM.DE
H4ZZ.DE
DEAM.DE vs. H4ZZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MDAX UCITS ETF A (DEAM.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.
| DEAM.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.18 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 1.43 | -1.07 |
| Martin ratioReturn relative to average drawdown | 0.98 | 4.86 | -3.88 |
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
| DEAM.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 0.98 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 1.18 | -0.99 |
Drawdowns
DEAM.DE vs. H4ZZ.DE - Drawdown Comparison
The maximum DEAM.DE drawdown since its inception was -40.04%, 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 DEAM.DE and H4ZZ.DE.
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Drawdown Indicators
| DEAM.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.04% | -16.46% | -23.58% |
Max Drawdown (1Y)Largest decline over 1 year | -14.47% | -10.94% | -3.53% |
Max Drawdown (3Y)Largest decline over 3 years | -18.48% | -16.46% | -2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -40.04% | — | — |
Current DrawdownCurrent decline from peak | -11.42% | -0.53% | -10.89% |
Average DrawdownAverage peak-to-trough decline | -16.30% | -2.68% | -13.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.26% | 3.23% | +2.03% |
Volatility
DEAM.DE vs. H4ZZ.DE - Volatility Comparison
Invesco MDAX UCITS ETF A (DEAM.DE) and HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) have volatilities of 5.08% and 4.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEAM.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 4.93% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 15.33% | 12.97% | +2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.59% | 15.97% | +2.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.26% | 15.85% | +3.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 15.85% | +3.76% |
DEAM.DE vs. H4ZZ.DE - Expense Ratio Comparison
DEAM.DE has a 0.19% 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
DEAM.DE vs. H4ZZ.DE - Dividend Comparison
Neither DEAM.DE nor H4ZZ.DE has paid dividends to shareholders.
Frequently Asked Questions
DEAM.DE and H4ZZ.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.19% for DEAM.DE.
DEAM.DE tracks MDAX®, while H4ZZ.DE tracks EURO STOXX 50. They also come from different issuers: Invesco and HSBC. Their fees differ too: 0.19% for DEAM.DE and 0.05% for H4ZZ.DE.
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