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H4Z3.DE vs. XESC.DE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

H4Z3.DE vs. XESC.DE

Last updated Apr 2, 2026

Compare and contrast key facts about HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (H4Z3.DE) and Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.DE).

H4Z3.DE and XESC.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. H4Z3.DE is a passively managed fund by HSBC that tracks the performance of the MSCI Emerging Markets. It was launched on Jun 28, 2022. XESC.DE is a passively managed fund by Xtrackers that tracks the performance of the MSCI EMU NR EUR. It was launched on Aug 29, 2008. Both H4Z3.DE and XESC.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

H4Z3.DE vs. XESC.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (H4Z3.DE) and Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.DE). The values are adjusted to include any dividend payments, if applicable.

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H4Z3.DE vs. XESC.DE - Yearly Performance Comparison

2026 (YTD)2025202420232022
H4Z3.DE
HSBC MSCI Emerging Markets UCITS ETF USD (Acc)		6.71%18.60%13.73%4.66%-6.26%
XESC.DE
Xtrackers EURO STOXX 50 UCITS ETF 1C		-1.45%22.24%11.06%22.50%9.76%

Returns By Period

In the year-to-date period, H4Z3.DE achieves a 6.71% return, which is significantly higher than XESC.DE's -1.45% return.

H4Z3.DE

1D
3.39%
1M
-5.14%
YTD
6.71%
6M
10.20%
1Y
25.57%
3Y*
13.81%
5Y*
—
10Y*
—

XESC.DE

1D
-0.63%
1M
-1.12%
YTD
-1.45%
6M
1.37%
1Y
10.47%
3Y*
12.96%
5Y*
10.71%
10Y*
9.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

HSBC MSCI Emerging Markets UCITS ETF USD (Acc)

Xtrackers EURO STOXX 50 UCITS ETF 1C

Often compared with H4Z3.DE:
H4Z3.DE vs. LYM8.DEH4Z3.DE vs. VOOH4Z3.DE vs. XMME.DEH4Z3.DE vs. H412.DEH4Z3.DE vs. EMXC.DEH4Z3.DE vs. H4Z6.DEH4Z3.DE vs. H4ZX.DE
Often compared with XESC.DE:
XESC.DE vs. LYP6.DEXESC.DE vs. SCHGXESC.DE vs. SXRT.DEXESC.DE vs. IDWR.LXESC.DE vs. IJPN.LXESC.DE vs. SXR8.DEXESC.DE vs. XSX6.DE

H4Z3.DE vs. XESC.DE - Expense Ratio Comparison

H4Z3.DE has a 0.15% expense ratio, which is higher than XESC.DE's 0.09% 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%.

H4Z3.DE
HSBC MSCI Emerging Markets UCITS ETF USD (Acc)
XESC.DE
Xtrackers EURO STOXX 50 UCITS ETF 1C

Return for Risk

H4Z3.DE vs. XESC.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
H4Z3.DE
H4Z3.DE Risk / Return Rank: 7474
Overall Rank
H4Z3.DE Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
H4Z3.DE Sortino Ratio Rank: 7272
Sortino Ratio Rank
H4Z3.DE Omega Ratio Rank: 7070
Omega Ratio Rank
H4Z3.DE Calmar Ratio Rank: 8080
Calmar Ratio Rank
H4Z3.DE Martin Ratio Rank: 7373
Martin Ratio Rank
XESC.DE
XESC.DE Risk / Return Rank: 3434
Overall Rank
XESC.DE Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
XESC.DE Sortino Ratio Rank: 2828
Sortino Ratio Rank
XESC.DE Omega Ratio Rank: 2727
Omega Ratio Rank
XESC.DE Calmar Ratio Rank: 4343
Calmar Ratio Rank
XESC.DE Martin Ratio Rank: 4444
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

H4Z3.DE vs. XESC.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (H4Z3.DE) and Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.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.

H4Z3.DEXESC.DEDifference

Sharpe ratio

Return per unit of total volatility

1.40

0.60

+0.80

Sortino ratio

Return per unit of downside risk

1.93

0.91

+1.02

Omega ratio

Gain probability vs. loss probability

1.27

1.12

+0.15

Calmar ratio

Return relative to maximum drawdown

2.51

1.34

+1.16

Martin ratio

Return relative to average drawdown

8.49

4.95

+3.54

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

H4Z3.DE vs. XESC.DE - Sharpe Ratio Comparison

The current H4Z3.DE Sharpe Ratio is 1.40, which is higher than the XESC.DE Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of H4Z3.DE and XESC.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

H4Z3.DEXESC.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.40

0.60

+0.80

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.61

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.54

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.63

0.30

+0.33

Correlation

The correlation between H4Z3.DE and XESC.DE is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

H4Z3.DE vs. XESC.DE - Dividend Comparison

Neither H4Z3.DE nor XESC.DE has paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
H4Z3.DE
HSBC MSCI Emerging Markets UCITS ETF USD (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%
XESC.DE
Xtrackers EURO STOXX 50 UCITS ETF 1C		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%3.19%

Drawdowns

H4Z3.DE vs. XESC.DE - Drawdown Comparison

The maximum H4Z3.DE drawdown since its inception was -18.86%, smaller than the maximum XESC.DE drawdown of -45.38%. Use the drawdown chart below to compare losses from any high point for H4Z3.DE and XESC.DE.

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Drawdown Indicators

H4Z3.DEXESC.DEDifference

Max Drawdown

Largest peak-to-trough decline

-18.86%

-45.38%

+26.52%

Max Drawdown (1Y)

Largest decline over 1 year

-13.45%

-10.88%

-2.57%

Max Drawdown (5Y)

Largest decline over 5 years

—

-23.33%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.51%

—

Current Drawdown

Current decline from peak

-7.43%

-7.56%

+0.13%

Average Drawdown

Average peak-to-trough decline

-5.10%

-8.44%

+3.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.09%

2.95%

+0.14%

Volatility

H4Z3.DE vs. XESC.DE - Volatility Comparison

HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (H4Z3.DE) has a higher volatility of 7.31% compared to Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.DE) at 6.36%. This indicates that H4Z3.DE's price experiences larger fluctuations and is considered to be riskier than XESC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

H4Z3.DEXESC.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.31%

6.36%

+0.95%

Volatility (6M)

Calculated over the trailing 6-month period

12.83%

11.00%

+1.83%

Volatility (1Y)

Calculated over the trailing 1-year period

18.21%

17.43%

+0.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.21%

17.28%

-2.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.21%

18.21%

-3.00%