EL4E.DE vs. H4ZA.DE
EL4E.DE (Deka STOXX Europe Strong Style Composite 40 UCITS ETF) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both Europe Equities funds - EL4E.DE tracks the STOXX Europe Strong Style Composite 40 Index while H4ZA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, EL4E.DE returned 8.80%/yr vs 11.03%/yr for H4ZA.DE. A 0.80 correlation means they provide meaningful diversification when combined. EL4E.DE charges 0.66%/yr vs 0.05%/yr for H4ZA.DE.
Performance
EL4E.DE vs. H4ZA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4E.DE achieves a 5.86% return, which is significantly lower than H4ZA.DE's 9.79% return. Over the past 10 years, EL4E.DE has underperformed H4ZA.DE with an annualized return of 8.80%, while H4ZA.DE has yielded a comparatively higher 11.03% annualized return.
EL4E.DE
- 1D
- -0.34%
- 1M
- -1.62%
- 6M
- -1.91%
- YTD
- 5.86%
- 1Y
- 9.41%
- 3Y*
- 10.11%
- 5Y*
- 2.47%
- 10Y*
- 8.80%
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%
EL4E.DE vs. H4ZA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4E.DE Deka STOXX Europe Strong Style Composite 40 UCITS ETF | 5.86% | 10.62% | 11.03% | 16.21% | -27.49% | 23.99% | 14.63% | 31.38% | -7.27% | 14.23% |
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 EL4E.DE and H4ZA.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010 | 0.80 |
The correlation between EL4E.DE and H4ZA.DE has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.
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Return for Risk
EL4E.DE vs. H4ZA.DE — Risk / Return Rank
EL4E.DE
H4ZA.DE
EL4E.DE vs. H4ZA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka STOXX Europe Strong Style Composite 40 UCITS ETF (EL4E.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.
| EL4E.DE | H4ZA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.22 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 1.72 | -0.99 |
| Martin ratioReturn relative to average drawdown | 1.99 | 6.00 | -4.01 |
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Drawdowns
EL4E.DE vs. H4ZA.DE - Drawdown Comparison
The maximum EL4E.DE drawdown since its inception was -50.61%, 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 EL4E.DE and H4ZA.DE.
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Drawdown Indicators
| EL4E.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.61% | -38.40% | -12.21% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -10.97% | -2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -22.95% | -16.39% | -6.56% |
Max Drawdown (5Y)Largest decline over 5 years | -40.69% | -23.26% | -17.43% |
Max Drawdown (10Y)Largest decline over 10 years | -40.69% | -38.40% | -2.29% |
Current DrawdownCurrent decline from peak | -4.33% | -2.69% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -12.61% | -7.18% | -5.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.72% | 3.14% | +1.58% |
Volatility
EL4E.DE vs. H4ZA.DE - Volatility Comparison
Deka STOXX Europe Strong Style Composite 40 UCITS ETF (EL4E.DE) has a higher volatility of 5.25% compared to HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) at 3.98%. This indicates that EL4E.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.
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Volatility by Period
| EL4E.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 3.98% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 14.61% | 13.35% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.20% | 16.04% | +2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.42% | 17.53% | +4.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 17.81% | +2.18% |
EL4E.DE vs. H4ZA.DE - Expense Ratio Comparison
EL4E.DE has a 0.66% expense ratio, which is higher than H4ZA.DE's 0.05% expense ratio.
Dividends
EL4E.DE vs. H4ZA.DE - Dividend Comparison
EL4E.DE's dividend yield for the trailing twelve months is around 1.31%, less than H4ZA.DE's 2.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4E.DE Deka STOXX Europe Strong Style Composite 40 UCITS ETF | 1.31% | 0.93% | 1.28% | 0.60% | 2.51% | 0.23% | 0.95% | 1.28% | 1.02% | 0.23% | 2.62% | 1.99% |
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
EL4E.DE and H4ZA.DE have a correlation of 0.79, 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 0.66% for EL4E.DE.
EL4E.DE tracks STOXX Europe Strong Style Composite 40 Index, while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: Deka and HSBC. Their fees differ too: 0.66% for EL4E.DE and 0.05% for H4ZA.DE.
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