EUN0.DE vs. H4ZZ.DE
EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) and H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) are both Europe Equities funds - EUN0.DE tracks the MSCI Europe Minimum Volatility while H4ZZ.DE tracks the EURO STOXX 50. Both are passively managed. Over the past year, EUN0.DE returned 10.67% vs 21.69% for H4ZZ.DE. A 0.64 correlation means they provide meaningful diversification when combined. EUN0.DE charges 0.25%/yr vs 0.05%/yr for H4ZZ.DE.
Performance
EUN0.DE vs. H4ZZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN0.DE achieves a 7.42% return, which is significantly lower than H4ZZ.DE's 9.44% return.
EUN0.DE
- 1D
- -0.01%
- 1M
- 0.71%
- YTD
- 7.42%
- 6M
- 7.82%
- 1Y
- 10.67%
- 3Y*
- 11.66%
- 5Y*
- 7.18%
- 10Y*
- 7.39%
H4ZZ.DE
- 1D
- -0.68%
- 1M
- 2.65%
- YTD
- 9.44%
- 6M
- 10.41%
- 1Y
- 21.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUN0.DE vs. H4ZZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 7.42% | 12.27% | 3.73% |
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 9.44% | 22.35% | -2.42% |
Correlation
The correlation between EUN0.DE and H4ZZ.DE is 0.60, 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 | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024 | 0.64 |
The correlation between EUN0.DE and H4ZZ.DE has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.
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Return for Risk
EUN0.DE vs. H4ZZ.DE — Risk / Return Rank
EUN0.DE
H4ZZ.DE
EUN0.DE vs. H4ZZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.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.
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.
| EUN0.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.97 | -0.49 |
| Martin ratioReturn relative to average drawdown | 4.58 | 6.84 | -2.26 |
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Drawdowns
EUN0.DE vs. H4ZZ.DE - Drawdown Comparison
The maximum EUN0.DE drawdown since its inception was -30.68%, 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 EUN0.DE and H4ZZ.DE.
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Drawdown Indicators
| EUN0.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.68% | -16.46% | -14.22% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -10.94% | +3.78% |
Max Drawdown (3Y)Largest decline over 3 years | -10.73% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.68% | — | — |
Current DrawdownCurrent decline from peak | -1.45% | -1.50% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -2.66% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 3.16% | -0.84% |
Volatility
EUN0.DE vs. H4ZZ.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) is 1.79%, while HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) has a volatility of 3.61%. This indicates that EUN0.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
| EUN0.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 3.61% | -1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 7.25% | 13.19% | -5.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.85% | 15.96% | -7.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.02% | 16.80% | -5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.28% | 16.80% | -4.52% |
EUN0.DE vs. H4ZZ.DE - Expense Ratio Comparison
EUN0.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
EUN0.DE vs. H4ZZ.DE - Dividend Comparison
Neither EUN0.DE nor H4ZZ.DE has paid dividends to shareholders.
Frequently Asked Questions
EUN0.DE and H4ZZ.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 EUN0.DE.
EUN0.DE tracks MSCI Europe Minimum Volatility, while H4ZZ.DE tracks EURO STOXX 50. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.25% for EUN0.DE and 0.05% for H4ZZ.DE.
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