FTGG.DE vs. H4ZA.DE
FTGG.DE (First Trust Germany AlphaDEX UCITS ETF) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both Europe Equities funds - FTGG.DE tracks the Nasdaq AlphaDEX Germany NTR Index while H4ZA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, FTGG.DE returned 7.20%/yr vs 11.03%/yr for H4ZA.DE. Their correlation of 0.82 suggests significant overlap in exposure. FTGG.DE charges 0.65%/yr vs 0.05%/yr for H4ZA.DE.
Performance
FTGG.DE vs. H4ZA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FTGG.DE achieves a 3.98% return, which is significantly lower than H4ZA.DE's 9.79% return. Over the past 10 years, FTGG.DE has underperformed H4ZA.DE with an annualized return of 7.20%, while H4ZA.DE has yielded a comparatively higher 11.03% annualized return.
FTGG.DE
- 1D
- -0.56%
- 1M
- -2.10%
- 6M
- -2.26%
- YTD
- 3.98%
- 1Y
- 14.73%
- 3Y*
- 16.70%
- 5Y*
- 5.12%
- 10Y*
- 7.20%
H4ZA.DE
- 1D
- -0.80%
- 1M
- -0.88%
- 6M
- 5.52%
- YTD
- 9.79%
- 1Y
- 18.89%
- 3Y*
- 15.78%
- 5Y*
- 12.34%
- 10Y*
- 11.03%
FTGG.DE vs. H4ZA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTGG.DE First Trust Germany AlphaDEX UCITS ETF | 3.98% | 44.59% | 8.23% | 8.38% | -26.44% | 13.79% | 7.27% | 21.38% | -23.36% | 26.41% |
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 9.79% | 22.26% | 11.06% | 22.59% | -8.87% | 23.72% | -2.73% | 30.04% | -11.95% | 10.07% |
Correlation
The correlation between FTGG.DE and H4ZA.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2016 | 0.82 |
The correlation between FTGG.DE and H4ZA.DE has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.
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Return for Risk
FTGG.DE vs. H4ZA.DE — Risk / Return Rank
FTGG.DE
H4ZA.DE
FTGG.DE vs. H4ZA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Germany AlphaDEX UCITS ETF (FTGG.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.
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.
| FTGG.DE | H4ZA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.22 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 1.72 | -0.71 |
| Martin ratioReturn relative to average drawdown | 3.02 | 6.00 | -2.98 |
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Drawdowns
FTGG.DE vs. H4ZA.DE - Drawdown Comparison
The maximum FTGG.DE drawdown since its inception was -99.97%, which is greater than H4ZA.DE's maximum drawdown of -38.40%. Use the drawdown chart below to compare losses from any high point for FTGG.DE and H4ZA.DE.
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Drawdown Indicators
| FTGG.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -38.40% | -61.57% |
Max Drawdown (1Y)Largest decline over 1 year | -14.61% | -10.97% | -3.64% |
Max Drawdown (3Y)Largest decline over 3 years | -16.18% | -16.39% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -38.87% | -23.26% | -15.61% |
Max Drawdown (10Y)Largest decline over 10 years | -99.97% | -38.40% | -61.57% |
Current DrawdownCurrent decline from peak | -6.44% | -2.69% | -3.75% |
Average DrawdownAverage peak-to-trough decline | -12.58% | -7.18% | -5.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.86% | 3.14% | +1.72% |
Volatility
FTGG.DE vs. H4ZA.DE - Volatility Comparison
First Trust Germany AlphaDEX UCITS ETF (FTGG.DE) has a higher volatility of 6.03% compared to HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) at 3.98%. This indicates that FTGG.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
| FTGG.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | 3.98% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 17.04% | 13.35% | +3.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.83% | 16.04% | +3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.07% | 17.53% | +1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69,376.52% | 17.81% | +69,358.71% |
FTGG.DE vs. H4ZA.DE - Expense Ratio Comparison
FTGG.DE has a 0.65% expense ratio, which is higher than H4ZA.DE's 0.05% expense ratio.
Dividends
FTGG.DE vs. H4ZA.DE - Dividend Comparison
FTGG.DE's dividend yield for the trailing twelve months is around 1.56%, less than H4ZA.DE's 2.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTGG.DE First Trust Germany AlphaDEX UCITS ETF | 1.56% | 1.53% | 2.24% | 2.85% | 3.10% | 1.03% | 0.58% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% |
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 2.38% | 2.49% | 2.89% | 2.93% | 2.94% | 1.94% | 2.06% | 2.84% | 3.55% | 2.73% | 2.85% | 2.70% |
Frequently Asked Questions
FTGG.DE and H4ZA.DE have a correlation of 0.75, 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 0.65% for FTGG.DE.
FTGG.DE tracks Nasdaq AlphaDEX Germany NTR Index, while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: First Trust and HSBC. Their fees differ too: 0.65% for FTGG.DE and 0.05% for H4ZA.DE.
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