EXSA.DE vs. H4ZZ.DE
EXSA.DE (iShares STOXX Europe 600 UCITS ETF (DE)) and H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) are both Europe Equities funds - EXSA.DE tracks the STOXX® Europe 600 while H4ZZ.DE tracks the EURO STOXX 50. Both are passively managed. Over the past year, EXSA.DE returned 22.39% vs 22.41% for H4ZZ.DE. Their correlation of 0.94 suggests significant overlap in exposure. EXSA.DE charges 0.20%/yr vs 0.05%/yr for H4ZZ.DE.
Performance
EXSA.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 EXSA.DE having a 10.34% return and H4ZZ.DE slightly lower at 10.19%.
EXSA.DE
- 1D
- 0.77%
- 1M
- 2.12%
- YTD
- 10.34%
- 6M
- 11.08%
- 1Y
- 22.39%
- 3Y*
- 15.45%
- 5Y*
- 9.94%
- 10Y*
- 10.56%
H4ZZ.DE
- 1D
- 0.79%
- 1M
- 3.49%
- YTD
- 10.19%
- 6M
- 11.16%
- 1Y
- 22.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EXSA.DE vs. H4ZZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EXSA.DE iShares STOXX Europe 600 UCITS ETF (DE) | 10.34% | 20.48% | -1.67% |
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 10.19% | 22.35% | -2.42% |
Correlation
The correlation between EXSA.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 (All Time) Calculated using the full available price history since Jun 3, 2024 | 0.94 |
The correlation between EXSA.DE and H4ZZ.DE has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.
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Return for Risk
EXSA.DE vs. H4ZZ.DE — Risk / Return Rank
EXSA.DE
H4ZZ.DE
EXSA.DE vs. H4ZZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 600 UCITS ETF (DE) (EXSA.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.
| EXSA.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.26 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 2.04 | +0.27 |
| Martin ratioReturn relative to average drawdown | 8.89 | 7.07 | +1.82 |
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Drawdowns
EXSA.DE vs. H4ZZ.DE - Drawdown Comparison
The maximum EXSA.DE drawdown since its inception was -58.34%, 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 EXSA.DE and H4ZZ.DE.
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Drawdown Indicators
| EXSA.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.34% | -16.46% | -41.88% |
Max Drawdown (1Y)Largest decline over 1 year | -9.64% | -10.94% | +1.30% |
Max Drawdown (3Y)Largest decline over 3 years | -16.33% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.69% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.69% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.83% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -11.46% | -2.66% | -8.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 3.16% | -0.65% |
Volatility
EXSA.DE vs. H4ZZ.DE - Volatility Comparison
The current volatility for iShares STOXX Europe 600 UCITS ETF (DE) (EXSA.DE) is 2.89%, while HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) has a volatility of 3.53%. This indicates that EXSA.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
| EXSA.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 3.53% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 13.18% | -2.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.00% | 15.98% | -2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.43% | 16.81% | -2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.48% | 16.81% | -1.33% |
EXSA.DE vs. H4ZZ.DE - Expense Ratio Comparison
EXSA.DE has a 0.20% 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
EXSA.DE vs. H4ZZ.DE - Dividend Comparison
EXSA.DE's dividend yield for the trailing twelve months is around 2.48%, while H4ZZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXSA.DE iShares STOXX Europe 600 UCITS ETF (DE) | 2.48% | 2.54% | 2.79% | 2.68% | 2.76% | 2.22% | 1.85% | 2.87% | 2.94% | 4.42% | 3.42% | 2.97% |
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, EXSA.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 0.20% for EXSA.DE.
EXSA.DE tracks STOXX® Europe 600, while H4ZZ.DE tracks EURO STOXX 50. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.20% for EXSA.DE and 0.05% for H4ZZ.DE.
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