EUN1.DE vs. H4ZZ.DE
EUN1.DE (iShares STOXX Europe 50 UCITS ETF) and H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) are both Europe Equities funds - EUN1.DE tracks the STOXX® Europe 50 while H4ZZ.DE tracks the EURO STOXX 50. Both are passively managed. Over the past 3 years, EUN1.DE returned 12.02%/yr vs 15.64%/yr for H4ZZ.DE. Their correlation of 0.90 suggests significant overlap in exposure. EUN1.DE charges 0.35%/yr vs 0.05%/yr for H4ZZ.DE.
Performance
EUN1.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 EUN1.DE having a 7.28% return and H4ZZ.DE slightly lower at 7.20%.
EUN1.DE
- 1D
- 0.78%
- 1M
- 0.92%
- YTD
- 7.28%
- 6M
- 9.74%
- 1Y
- 16.43%
- 3Y*
- 12.02%
- 5Y*
- 11.08%
- 10Y*
- 9.16%
H4ZZ.DE
- 1D
- 0.77%
- 1M
- 1.96%
- YTD
- 7.20%
- 6M
- 8.56%
- 1Y
- 15.62%
- 3Y*
- 15.64%
- 5Y*
- —
- 10Y*
- —
EUN1.DE vs. H4ZZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EUN1.DE iShares STOXX Europe 50 UCITS ETF | 7.28% | 17.86% | 7.29% | 14.83% | 5.09% |
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 7.20% | 22.35% | 10.99% | 22.53% | 9.82% |
Correlation
The correlation between EUN1.DE and H4ZZ.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 | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.90 |
The correlation between EUN1.DE and H4ZZ.DE has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
EUN1.DE vs. H4ZZ.DE — Risk / Return Rank
EUN1.DE
H4ZZ.DE
EUN1.DE vs. H4ZZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 50 UCITS ETF (EUN1.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.
| EUN1.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.18 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.43 | +0.26 |
| Martin ratioReturn relative to average drawdown | 5.92 | 4.86 | +1.06 |
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
| EUN1.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 0.98 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 1.18 | -1.02 |
Drawdowns
EUN1.DE vs. H4ZZ.DE - Drawdown Comparison
The maximum EUN1.DE drawdown since its inception was -62.27%, 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 EUN1.DE and H4ZZ.DE.
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Drawdown Indicators
| EUN1.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.27% | -16.46% | -45.81% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -10.94% | +1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -17.40% | -16.46% | -0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -17.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.50% | — | — |
Current DrawdownCurrent decline from peak | -1.72% | -0.53% | -1.19% |
Average DrawdownAverage peak-to-trough decline | -20.89% | -2.68% | -18.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 3.23% | -0.48% |
Volatility
EUN1.DE vs. H4ZZ.DE - Volatility Comparison
The current volatility for iShares STOXX Europe 50 UCITS ETF (EUN1.DE) is 4.21%, while HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) has a volatility of 4.93%. This indicates that EUN1.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
| EUN1.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 4.93% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 11.00% | 12.97% | -1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.43% | 15.97% | -2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 15.85% | -1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.26% | 15.85% | -0.59% |
EUN1.DE vs. H4ZZ.DE - Expense Ratio Comparison
EUN1.DE has a 0.35% expense ratio, which is higher than H4ZZ.DE's 0.05% expense ratio.
Dividends
EUN1.DE vs. H4ZZ.DE - Dividend Comparison
EUN1.DE's dividend yield for the trailing twelve months is around 2.41%, while H4ZZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN1.DE iShares STOXX Europe 50 UCITS ETF | 2.41% | 2.41% | 2.62% | 2.55% | 2.61% | 2.22% | 2.41% | 2.94% | 3.53% | 3.22% | 3.28% | 3.05% |
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, EUN1.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 0.35% for EUN1.DE.
EUN1.DE tracks STOXX® Europe 50, while H4ZZ.DE tracks EURO STOXX 50. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.35% for EUN1.DE and 0.05% for H4ZZ.DE.
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