ES50.DE vs. H4ZZ.DE
ES50.DE (iShares EURO STOXX 50 ESG UCITS ETF EUR (Acc)) and H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) are both Europe Equities funds - ES50.DE tracks the EURO STOXX 50 ESG Index while H4ZZ.DE tracks the EURO STOXX 50. Both are passively managed. Over the past year, ES50.DE returned 19.03% vs 15.73% for H4ZZ.DE. With a 0.97 correlation, they move nearly in lockstep. ES50.DE charges 0.10%/yr vs 0.05%/yr for H4ZZ.DE.
Performance
ES50.DE vs. H4ZZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ES50.DE achieves a 8.46% return, which is significantly higher than H4ZZ.DE's 7.20% return.
ES50.DE
- 1D
- 0.43%
- 1M
- 5.28%
- YTD
- 8.46%
- 6M
- 10.04%
- 1Y
- 19.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
H4ZZ.DE
- 1D
- 0.77%
- 1M
- 4.70%
- YTD
- 7.20%
- 6M
- 8.61%
- 1Y
- 15.73%
- 3Y*
- 15.64%
- 5Y*
- —
- 10Y*
- —
ES50.DE vs. H4ZZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ES50.DE iShares EURO STOXX 50 ESG UCITS ETF EUR (Acc) | 8.46% | 25.72% | 13.20% | 6.66% |
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 7.20% | 22.35% | 10.99% | 4.70% |
Correlation
The correlation between ES50.DE and H4ZZ.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2023 | 0.97 |
The correlation between ES50.DE and H4ZZ.DE has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
ES50.DE vs. H4ZZ.DE — Risk / Return Rank
ES50.DE
H4ZZ.DE
ES50.DE vs. H4ZZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EURO STOXX 50 ESG UCITS ETF EUR (Acc) (ES50.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.
| ES50.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.18 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.43 | +0.19 |
| Martin ratioReturn relative to average drawdown | 5.62 | 4.86 | +0.76 |
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
| ES50.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 0.98 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | 1.18 | +0.03 |
Drawdowns
ES50.DE vs. H4ZZ.DE - Drawdown Comparison
The maximum ES50.DE drawdown since its inception was -15.53%, smaller than the maximum H4ZZ.DE drawdown of -16.46%. Use the drawdown chart below to compare losses from any high point for ES50.DE and H4ZZ.DE.
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Drawdown Indicators
| ES50.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.53% | -16.46% | +0.93% |
Max Drawdown (1Y)Largest decline over 1 year | -11.70% | -10.94% | -0.76% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.46% | — |
Current DrawdownCurrent decline from peak | -0.44% | -0.53% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -2.38% | -2.68% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 3.23% | +0.15% |
Volatility
ES50.DE vs. H4ZZ.DE - Volatility Comparison
iShares EURO STOXX 50 ESG UCITS ETF EUR (Acc) (ES50.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
| ES50.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 | 13.75% | 12.97% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.97% | 15.97% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.76% | 15.85% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 15.85% | -0.09% |
ES50.DE vs. H4ZZ.DE - Expense Ratio Comparison
ES50.DE has a 0.10% 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
ES50.DE vs. H4ZZ.DE - Dividend Comparison
Neither ES50.DE nor H4ZZ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, ES50.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 0.10% for ES50.DE.
ES50.DE tracks EURO STOXX 50 ESG Index, while H4ZZ.DE tracks EURO STOXX 50. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.10% for ES50.DE and 0.05% for H4ZZ.DE.
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