EMUS.DE vs. H4ZZ.DE
EMUS.DE (BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF) and H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) are both Europe Equities funds - EMUS.DE tracks the MSCI EMU SRI S-Series PAB 5% Capped while H4ZZ.DE tracks the EURO STOXX 50. Both are passively managed. Over the past 3 years, EMUS.DE returned 12.58%/yr vs 15.64%/yr for H4ZZ.DE. A 0.76 correlation means they provide meaningful diversification when combined. EMUS.DE charges 0.25%/yr vs 0.05%/yr for H4ZZ.DE.
Performance
EMUS.DE vs. H4ZZ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EMUS.DE having a 7.56% return and H4ZZ.DE slightly lower at 7.20%.
EMUS.DE
- 1D
- 0.74%
- 1M
- 5.38%
- YTD
- 7.56%
- 6M
- 9.47%
- 1Y
- 12.57%
- 3Y*
- 12.58%
- 5Y*
- 7.85%
- 10Y*
- —
H4ZZ.DE
- 1D
- 0.77%
- 1M
- 4.70%
- YTD
- 7.20%
- 6M
- 8.61%
- 1Y
- 15.73%
- 3Y*
- 15.64%
- 5Y*
- —
- 10Y*
- —
EMUS.DE vs. H4ZZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EMUS.DE BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF | 7.56% | 15.33% | 10.65% | 11.79% | 4.87% |
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 7.20% | 22.35% | 10.99% | 22.53% | 9.82% |
Correlation
The correlation between EMUS.DE and H4ZZ.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.76 |
The correlation between EMUS.DE and H4ZZ.DE shifts across timeframes, from 0.76 (3 years) to 0.91 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EMUS.DE vs. H4ZZ.DE — Risk / Return Rank
EMUS.DE
H4ZZ.DE
EMUS.DE vs. H4ZZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF (EMUS.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.
| EMUS.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.43 | -0.28 |
| Martin ratioReturn relative to average drawdown | 3.93 | 4.86 | -0.93 |
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
| EMUS.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.98 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 1.18 | -0.40 |
Drawdowns
EMUS.DE vs. H4ZZ.DE - Drawdown Comparison
The maximum EMUS.DE drawdown since its inception was -25.16%, 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 EMUS.DE and H4ZZ.DE.
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Drawdown Indicators
| EMUS.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.16% | -16.46% | -8.70% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -10.94% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -13.11% | -16.46% | +3.35% |
Max Drawdown (5Y)Largest decline over 5 years | -25.16% | — | — |
Current DrawdownCurrent decline from peak | -0.19% | -0.53% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -2.68% | -2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 3.23% | -0.04% |
Volatility
EMUS.DE vs. H4ZZ.DE - Volatility Comparison
The current volatility for BNP Paribas Easy MSCI EMU SRI S-Series PAB 5% Capped UCITS ETF (EMUS.DE) is 4.25%, while HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) has a volatility of 4.93%. This indicates that EMUS.DE experiences smaller price fluctuations and is considered to be less risky than H4ZZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMUS.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 4.93% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 11.27% | 12.97% | -1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.34% | 15.97% | -2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.68% | 15.85% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.35% | 15.85% | +1.50% |
EMUS.DE vs. H4ZZ.DE - Expense Ratio Comparison
EMUS.DE has a 0.25% 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
EMUS.DE vs. H4ZZ.DE - Dividend Comparison
Neither EMUS.DE nor H4ZZ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, EMUS.DE and H4ZZ.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, 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 0.25% for EMUS.DE.
EMUS.DE tracks MSCI EMU SRI S-Series PAB 5% Capped, while H4ZZ.DE tracks EURO STOXX 50. They also come from different issuers: BNP Paribas and HSBC. Their fees differ too: 0.25% for EMUS.DE and 0.05% for H4ZZ.DE.
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