FTGG.DE vs. H4ZZ.DE
FTGG.DE (First Trust Germany AlphaDEX UCITS ETF) and H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) are both Europe Equities funds - FTGG.DE tracks the Nasdaq AlphaDEX Germany NTR Index while H4ZZ.DE tracks the EURO STOXX 50. Both are passively managed. Over the past year, FTGG.DE returned 14.92% vs 20.11% for H4ZZ.DE. A 0.79 correlation means they provide meaningful diversification when combined. FTGG.DE charges 0.65%/yr vs 0.05%/yr for H4ZZ.DE.
Performance
FTGG.DE vs. H4ZZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FTGG.DE achieves a 4.55% return, which is significantly lower than H4ZZ.DE's 10.36% return.
FTGG.DE
- 1D
- -0.40%
- 1M
- -1.49%
- 6M
- -1.27%
- YTD
- 4.55%
- 1Y
- 14.92%
- 3Y*
- 17.21%
- 5Y*
- 5.23%
- 10Y*
- 7.17%
H4ZZ.DE
- 1D
- -0.19%
- 1M
- 0.80%
- 6M
- 6.42%
- YTD
- 10.36%
- 1Y
- 20.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTGG.DE vs. H4ZZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FTGG.DE First Trust Germany AlphaDEX UCITS ETF | 4.55% | 44.59% | 2.58% |
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 10.36% | 22.35% | -2.42% |
Correlation
The correlation between FTGG.DE and H4ZZ.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 (All Time) Calculated using the full available price history since Jun 3, 2024 | 0.79 |
The correlation between FTGG.DE and H4ZZ.DE has been stable across timeframes, ranging from 0.75 to 0.79 - a consistent structural relationship.
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Return for Risk
FTGG.DE vs. H4ZZ.DE — Risk / Return Rank
FTGG.DE
H4ZZ.DE
FTGG.DE vs. H4ZZ.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 (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.
| FTGG.DE | H4ZZ.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 | 1.16 | 1.23 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.83 | -0.73 |
| Martin ratioReturn relative to average drawdown | 3.31 | 6.40 | -3.09 |
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Drawdowns
FTGG.DE vs. H4ZZ.DE - Drawdown Comparison
The maximum FTGG.DE drawdown since its inception was -99.97%, 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 FTGG.DE and H4ZZ.DE.
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Drawdown Indicators
| FTGG.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -16.46% | -83.51% |
Max Drawdown (1Y)Largest decline over 1 year | -14.61% | -10.94% | -3.67% |
Max Drawdown (3Y)Largest decline over 3 years | -16.18% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.97% | — | — |
Current DrawdownCurrent decline from peak | -5.93% | -2.21% | -3.72% |
Average DrawdownAverage peak-to-trough decline | -12.58% | -2.63% | -9.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 3.13% | +1.71% |
Volatility
FTGG.DE vs. H4ZZ.DE - Volatility Comparison
First Trust Germany AlphaDEX UCITS ETF (FTGG.DE) has a higher volatility of 6.06% compared to HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) at 4.01%. This indicates that FTGG.DE's price experiences larger fluctuations and is considered to be riskier 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
| FTGG.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.06% | 4.01% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 17.05% | 13.41% | +3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.85% | 16.07% | +3.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.07% | 16.76% | +2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69,376.52% | 16.76% | +69,359.76% |
FTGG.DE vs. H4ZZ.DE - Expense Ratio Comparison
FTGG.DE has a 0.65% expense ratio, which is higher than H4ZZ.DE's 0.05% expense ratio.
Dividends
FTGG.DE vs. H4ZZ.DE - Dividend Comparison
FTGG.DE's dividend yield for the trailing twelve months is around 1.55%, while H4ZZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FTGG.DE First Trust Germany AlphaDEX UCITS ETF | 1.55% | 1.53% | 2.24% | 2.85% | 3.10% | 1.03% | 0.58% | 0.05% |
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% |
Frequently Asked Questions
FTGG.DE and H4ZZ.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, 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 0.65% for FTGG.DE.
FTGG.DE tracks Nasdaq AlphaDEX Germany NTR Index, while H4ZZ.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 H4ZZ.DE.
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