EL4Y.DE vs. H4ZA.DE
EL4Y.DE (Deka STOXX Europe 50 UCITS ETF) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both Europe Equities funds - EL4Y.DE tracks the STOXX® Europe 50 while H4ZA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, EL4Y.DE returned 9.26%/yr vs 10.80%/yr for H4ZA.DE. A 0.78 correlation means they provide meaningful diversification when combined. EL4Y.DE charges 0.19%/yr vs 0.05%/yr for H4ZA.DE.
Performance
EL4Y.DE vs. H4ZA.DE - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with EL4Y.DE at 7.24% and H4ZA.DE at 7.24%. Over the past 10 years, EL4Y.DE has underperformed H4ZA.DE with an annualized return of 9.26%, while H4ZA.DE has yielded a comparatively higher 10.80% annualized return.
EL4Y.DE
- 1D
- 0.78%
- 1M
- 0.70%
- YTD
- 7.24%
- 6M
- 9.68%
- 1Y
- 16.54%
- 3Y*
- 12.17%
- 5Y*
- 11.26%
- 10Y*
- 9.26%
H4ZA.DE
- 1D
- 0.77%
- 1M
- 1.94%
- YTD
- 7.24%
- 6M
- 8.59%
- 1Y
- 15.63%
- 3Y*
- 16.60%
- 5Y*
- 12.12%
- 10Y*
- 10.80%
EL4Y.DE vs. H4ZA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4Y.DE Deka STOXX Europe 50 UCITS ETF | 7.24% | 18.13% | 7.64% | 14.59% | -1.21% | 25.48% | -6.26% | 28.33% | -10.18% | 8.89% |
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 7.24% | 22.26% | 13.81% | 22.59% | -8.87% | 23.72% | -2.73% | 30.07% | -11.96% | 10.07% |
Correlation
The correlation between EL4Y.DE and H4ZA.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 (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2010 | 0.78 |
The correlation between EL4Y.DE and H4ZA.DE shifts across timeframes, from 0.78 (all time) to 0.94 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EL4Y.DE vs. H4ZA.DE — Risk / Return Rank
EL4Y.DE
H4ZA.DE
EL4Y.DE vs. H4ZA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka STOXX Europe 50 UCITS ETF (EL4Y.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.
| EL4Y.DE | H4ZA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.18 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.43 | +0.31 |
| Martin ratioReturn relative to average drawdown | 6.12 | 4.85 | +1.27 |
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
| EL4Y.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 0.98 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.69 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.59 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.41 | +0.23 |
Drawdowns
EL4Y.DE vs. H4ZA.DE - Drawdown Comparison
The maximum EL4Y.DE drawdown since its inception was -32.48%, smaller than the maximum H4ZA.DE drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for EL4Y.DE and H4ZA.DE.
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Drawdown Indicators
| EL4Y.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.48% | -38.41% | +5.93% |
Max Drawdown (1Y)Largest decline over 1 year | -9.47% | -10.97% | +1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -17.13% | -16.40% | -0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -17.13% | -23.26% | +6.13% |
Max Drawdown (10Y)Largest decline over 10 years | -32.48% | -38.41% | +5.93% |
Current DrawdownCurrent decline from peak | -1.67% | -0.50% | -1.17% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -7.84% | +2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 3.24% | -0.55% |
Volatility
EL4Y.DE vs. H4ZA.DE - Volatility Comparison
The current volatility for Deka STOXX Europe 50 UCITS ETF (EL4Y.DE) is 4.38%, while HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a volatility of 4.95%. This indicates that EL4Y.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
| EL4Y.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 4.95% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 10.95% | 12.99% | -2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 15.99% | -2.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 17.50% | -3.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | 18.17% | -2.43% |
EL4Y.DE vs. H4ZA.DE - Expense Ratio Comparison
EL4Y.DE has a 0.19% expense ratio, which is higher than H4ZA.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
EL4Y.DE vs. H4ZA.DE - Dividend Comparison
EL4Y.DE's dividend yield for the trailing twelve months is around 2.32%, less than H4ZA.DE's 2.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4Y.DE Deka STOXX Europe 50 UCITS ETF | 2.32% | 2.61% | 2.93% | 2.60% | 2.77% | 2.45% | 2.71% | 3.11% | 3.82% | 3.38% | 3.49% | 3.65% |
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
With a correlation of 0.94, EL4Y.DE and H4ZA.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, 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 0.19% for EL4Y.DE.
EL4Y.DE tracks STOXX® Europe 50, while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: Deka and HSBC. Their fees differ too: 0.19% for EL4Y.DE and 0.05% for H4ZA.DE.
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