ETLN.DE vs. H4ZZ.DE
ETLN.DE (L&G Europe ex UK Equity UCITS ETF) and H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) are both Europe Equities funds - ETLN.DE tracks the Solactive Core Developed Markets Europe ex UK Large & Mid Cap while H4ZZ.DE tracks the EURO STOXX 50. Both are passively managed. Over the past 3 years, ETLN.DE returned 13.52%/yr vs 15.64%/yr for H4ZZ.DE. With a 0.95 correlation, they move nearly in lockstep. ETLN.DE charges 0.10%/yr vs 0.05%/yr for H4ZZ.DE.
Performance
ETLN.DE vs. H4ZZ.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETLN.DE achieves a 7.75% return, which is significantly higher than H4ZZ.DE's 7.20% return.
ETLN.DE
- 1D
- 0.40%
- 1M
- 1.13%
- YTD
- 7.75%
- 6M
- 9.98%
- 1Y
- 16.15%
- 3Y*
- 13.52%
- 5Y*
- 9.33%
- 10Y*
- —
H4ZZ.DE
- 1D
- 0.77%
- 1M
- 1.96%
- YTD
- 7.20%
- 6M
- 8.56%
- 1Y
- 15.62%
- 3Y*
- 15.64%
- 5Y*
- —
- 10Y*
- —
ETLN.DE vs. H4ZZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ETLN.DE L&G Europe ex UK Equity UCITS ETF | 7.75% | 20.59% | 6.45% | 18.04% | 3.98% |
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 7.20% | 22.35% | 10.99% | 22.53% | 9.82% |
Correlation
The correlation between ETLN.DE and H4ZZ.DE is 0.95 - 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.95 |
The correlation between ETLN.DE and H4ZZ.DE has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ETLN.DE vs. H4ZZ.DE — Risk / Return Rank
ETLN.DE
H4ZZ.DE
ETLN.DE vs. H4ZZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Europe ex UK Equity UCITS ETF (ETLN.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.
| ETLN.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.18 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.43 | +0.18 |
| Martin ratioReturn relative to average drawdown | 5.98 | 4.86 | +1.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ETLN.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 0.98 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 1.18 | -0.49 |
Drawdowns
ETLN.DE vs. H4ZZ.DE - Drawdown Comparison
The maximum ETLN.DE drawdown since its inception was -34.76%, 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 ETLN.DE and H4ZZ.DE.
Loading charts...
Drawdown Indicators
| ETLN.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.76% | -16.46% | -18.30% |
Max Drawdown (1Y)Largest decline over 1 year | -10.09% | -10.94% | +0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -16.98% | -16.46% | -0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -22.47% | — | — |
Current DrawdownCurrent decline from peak | -1.56% | -0.53% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -2.68% | -2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 3.23% | -0.50% |
Volatility
ETLN.DE vs. H4ZZ.DE - Volatility Comparison
The current volatility for L&G Europe ex UK Equity UCITS ETF (ETLN.DE) is 4.39%, while HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) has a volatility of 4.93%. This indicates that ETLN.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.
Loading charts...
Volatility by Period
| ETLN.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 4.93% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 11.28% | 12.97% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.84% | 15.97% | -2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.14% | 15.85% | -0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 15.85% | +0.92% |
ETLN.DE vs. H4ZZ.DE - Expense Ratio Comparison
ETLN.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
ETLN.DE vs. H4ZZ.DE - Dividend Comparison
Neither ETLN.DE nor H4ZZ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, ETLN.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 ETLN.DE.
ETLN.DE tracks Solactive Core Developed Markets Europe ex UK Large & Mid Cap, while H4ZZ.DE tracks EURO STOXX 50. They also come from different issuers: Legal & General and HSBC. Their fees differ too: 0.10% for ETLN.DE and 0.05% for H4ZZ.DE.
Find the right allocation for ETLN.DE and H4ZZ.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer