ED3F.DE vs. H4ZA.DE

Last updated Jun 5, 2026

ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both exchange-traded funds - ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index, while H4ZA.DE is a Europe Equities fund tracking the EURO STOXX® 50. Both are passively managed. Over the past year, ED3F.DE returned -1.88% vs 15.73% for H4ZA.DE. At a 0.31 correlation, their price movements are largely independent. ED3F.DE charges 0.40%/yr vs 0.05%/yr for H4ZA.DE.

Performance

ED3F.DE vs. H4ZA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) and HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ED3F.DE achieves a 0.02% return, which is significantly lower than H4ZA.DE's 7.24% return.

ED3F.DE

• 1D: -0.42%
• 1M: -8.21%
• YTD: 0.02%
• 6M: 4.46%
• 1Y: -1.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

H4ZA.DE

• 1D: 0.77%
• 1M: 4.72%
• YTD: 7.24%
• 6M: 8.63%
• 1Y: 15.73%
• 3Y*: 16.60%
• 5Y*: 12.12%
• 10Y*: 10.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ED3F.DE vs. H4ZA.DE - Yearly Performance Comparison

	2026 (YTD)	2025
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating	0.02%	4.82%
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR	7.24%	7.54%

Correlation

The correlation between ED3F.DE and H4ZA.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (All Time) Calculated using the full available price history since May 23, 2025	0.31

Return for Risk

ED3F.DE vs. H4ZA.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ED3F.DE

ED3F.DE Risk / Return Rank: 9
ED3F.DE Sharpe Ratio Rank: 8
ED3F.DE Sortino Ratio Rank: 9
ED3F.DE Omega Ratio Rank: 9
ED3F.DE Calmar Ratio Rank: 8
ED3F.DE Martin Ratio Rank: 8

H4ZA.DE

H4ZA.DE Risk / Return Rank: 29
H4ZA.DE Sharpe Ratio Rank: 28
H4ZA.DE Sortino Ratio Rank: 29
H4ZA.DE Omega Ratio Rank: 28
H4ZA.DE Calmar Ratio Rank: 30
H4ZA.DE Martin Ratio Rank: 33

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.

ED3F.DE vs. H4ZA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.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.

	ED3F.DE	H4ZA.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.06	0.98	-1.04
Sortino ratio: Return per unit of downside risk	0.13	1.54	-1.41
Omega ratio: Gain probability vs. loss probability	1.01	1.18	-0.17
Calmar ratio: Return relative to maximum drawdown	-0.08	1.43	-1.51
Martin ratio: Return relative to average drawdown	-0.18	4.85	-5.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ED3F.DE vs. H4ZA.DE - Sharpe Ratio Comparison

The current ED3F.DE Sharpe Ratio is -0.06, which is lower than the H4ZA.DE Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of ED3F.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.

Sharpe Ratios by Period

	ED3F.DE	H4ZA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.06	0.98	-1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.69	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.41	-0.26

Drawdowns

ED3F.DE vs. H4ZA.DE - Drawdown Comparison

The maximum ED3F.DE drawdown since its inception was -23.91%, smaller than the maximum H4ZA.DE drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for ED3F.DE and H4ZA.DE.

Drawdown Indicators

	ED3F.DE	H4ZA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-23.91%	-38.41%	+14.50%
Max Drawdown (1Y) Largest decline over 1 year	-23.91%	-10.97%	-12.94%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.40%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.26%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.41%	—
Current Drawdown Current decline from peak	-20.80%	-0.50%	-20.30%
Average Drawdown Average peak-to-trough decline	-8.37%	-7.84%	-0.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.25%	3.24%	+7.01%

Volatility

ED3F.DE vs. H4ZA.DE - Volatility Comparison

Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a higher volatility of 10.58% compared to HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) at 4.95%. This indicates that ED3F.DE's price experiences larger fluctuations and is considered to be riskier than H4ZA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ED3F.DE	H4ZA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.58%	4.95%	+5.63%
Volatility (6M) Calculated over the trailing 6-month period	22.80%	12.99%	+9.81%
Volatility (1Y) Calculated over the trailing 1-year period	30.60%	15.99%	+14.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.42%	17.50%	+12.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.42%	18.17%	+12.25%

ED3F.DE vs. H4ZA.DE - Expense Ratio Comparison

ED3F.DE has a 0.40% expense ratio, which is higher than H4ZA.DE's 0.05% expense ratio.

Dividends

ED3F.DE vs. H4ZA.DE - Dividend Comparison

ED3F.DE has not paid dividends to shareholders, while H4ZA.DE's dividend yield for the trailing twelve months is around 2.44%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR	2.44%	2.49%	5.35%	2.93%	2.94%	1.94%	2.06%	2.84%	3.55%	2.73%	2.85%	2.70%

Frequently Asked Questions

Can I hold both ED3F.DE and H4ZA.DE in my portfolio?

ED3F.DE and H4ZA.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ED3F.DE or H4ZA.DE?

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.

Which ETF is cheaper, ED3F.DE or H4ZA.DE?

H4ZA.DE is cheaper with a 0.05% expense ratio, compared with 0.40% for ED3F.DE.

What is the main difference between ED3F.DE and H4ZA.DE?

ED3F.DE is categorized as Aerospace & Defense, while H4ZA.DE is Europe Equities. ED3F.DE tracks Mirae Asset Europe Defence Tech Index, while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: Global X and HSBC. Their fees differ too: 0.40% for ED3F.DE and 0.05% for H4ZA.DE.