EXS2.DE vs. H4ZA.DE
EXS2.DE (iShares TecDAX UCITS ETF (DE)) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both Europe Equities funds - EXS2.DE tracks the TecDAX® while H4ZA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, EXS2.DE returned 9.01%/yr vs 10.80%/yr for H4ZA.DE. A 0.73 correlation means they provide meaningful diversification when combined. EXS2.DE charges 0.51%/yr vs 0.05%/yr for H4ZA.DE.
Performance
EXS2.DE vs. H4ZA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXS2.DE achieves a 15.70% return, which is significantly higher than H4ZA.DE's 7.24% return. Over the past 10 years, EXS2.DE has underperformed H4ZA.DE with an annualized return of 9.01%, while H4ZA.DE has yielded a comparatively higher 10.80% annualized return.
EXS2.DE
- 1D
- 0.52%
- 1M
- 10.24%
- YTD
- 15.70%
- 6M
- 16.12%
- 1Y
- 5.55%
- 3Y*
- 8.54%
- 5Y*
- 3.72%
- 10Y*
- 9.01%
H4ZA.DE
- 1D
- 0.77%
- 1M
- 1.94%
- YTD
- 7.24%
- 6M
- 8.59%
- 1Y
- 15.63%
- 3Y*
- 16.60%
- 5Y*
- 12.12%
- 10Y*
- 10.80%
EXS2.DE vs. H4ZA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXS2.DE iShares TecDAX UCITS ETF (DE) | 15.70% | 5.33% | 1.63% | 13.54% | -26.00% | 21.07% | 6.12% | 22.25% | -3.77% | 39.90% |
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 7.24% | 22.26% | 13.81% | 22.59% | -8.87% | 23.72% | -2.73% | 30.07% | -11.96% | 10.07% |
Correlation
The correlation between EXS2.DE and H4ZA.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2010 | 0.73 |
The correlation between EXS2.DE and H4ZA.DE has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.
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Return for Risk
EXS2.DE vs. H4ZA.DE — Risk / Return Rank
EXS2.DE
H4ZA.DE
EXS2.DE vs. H4ZA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares TecDAX UCITS ETF (DE) (EXS2.DE) and HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.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.
| EXS2.DE | H4ZA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.18 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 1.43 | -1.03 |
| Martin ratioReturn relative to average drawdown | 0.80 | 4.85 | -4.05 |
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
| EXS2.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | 0.98 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.69 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.59 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.41 | -0.27 |
Drawdowns
EXS2.DE vs. H4ZA.DE - Drawdown Comparison
The maximum EXS2.DE drawdown since its inception was -84.49%, which is greater than H4ZA.DE's maximum drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for EXS2.DE and H4ZA.DE.
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Drawdown Indicators
| EXS2.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.49% | -38.41% | -46.08% |
Max Drawdown (1Y)Largest decline over 1 year | -16.12% | -10.97% | -5.15% |
Max Drawdown (3Y)Largest decline over 3 years | -17.93% | -16.40% | -1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -34.97% | -23.26% | -11.71% |
Max Drawdown (10Y)Largest decline over 10 years | -34.97% | -38.41% | +3.44% |
Current DrawdownCurrent decline from peak | -0.81% | -0.50% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -39.46% | -7.84% | -31.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.07% | 3.24% | +4.83% |
Volatility
EXS2.DE vs. H4ZA.DE - Volatility Comparison
iShares TecDAX UCITS ETF (DE) (EXS2.DE) has a higher volatility of 5.29% compared to HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) at 4.95%. This indicates that EXS2.DE's price experiences larger fluctuations and is considered to be riskier than H4ZA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXS2.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 4.95% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 14.25% | 12.99% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.83% | 15.99% | +1.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.80% | 17.50% | +1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.47% | 18.17% | +1.30% |
EXS2.DE vs. H4ZA.DE - Expense Ratio Comparison
EXS2.DE has a 0.51% expense ratio, which is higher than H4ZA.DE's 0.05% expense ratio.
Dividends
EXS2.DE vs. H4ZA.DE - Dividend Comparison
EXS2.DE has not paid dividends to shareholders, while H4ZA.DE's dividend yield for the trailing twelve months is around 2.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXS2.DE iShares TecDAX UCITS ETF (DE) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.15% | 0.25% | 0.36% |
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 2.44% | 2.49% | 5.35% | 2.93% | 2.94% | 1.94% | 2.06% | 2.84% | 3.55% | 2.73% | 2.85% | 2.70% |
Frequently Asked Questions
EXS2.DE and H4ZA.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4ZA.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZA.DE is cheaper with a 0.05% expense ratio, compared with 0.51% for EXS2.DE.
EXS2.DE tracks TecDAX®, while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.51% for EXS2.DE and 0.05% for H4ZA.DE.
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