H4ZA.DE vs. CEMQ.DE
H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) and CEMQ.DE (iShares Edge MSCI Europe Quality Factor UCITS ETF) are both Europe Equities funds - H4ZA.DE tracks the EURO STOXX® 50 while CEMQ.DE tracks the MSCI Europe Sector Neutral Quality. Both are passively managed. Over the past 10 years, H4ZA.DE returned 11.68%/yr vs 8.88%/yr for CEMQ.DE. Their correlation of 0.89 suggests significant overlap in exposure. H4ZA.DE charges 0.05%/yr vs 0.25%/yr for CEMQ.DE.
Performance
H4ZA.DE vs. CEMQ.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, H4ZA.DE achieves a 9.45% return, which is significantly higher than CEMQ.DE's 7.36% return. Over the past 10 years, H4ZA.DE has outperformed CEMQ.DE with an annualized return of 11.68%, while CEMQ.DE has yielded a comparatively lower 8.88% annualized return.
H4ZA.DE
- 1D
- -0.69%
- 1M
- 2.66%
- YTD
- 9.45%
- 6M
- 10.39%
- 1Y
- 21.69%
- 3Y*
- 16.26%
- 5Y*
- 11.85%
- 10Y*
- 11.68%
CEMQ.DE
- 1D
- -0.33%
- 1M
- 1.96%
- YTD
- 7.36%
- 6M
- 7.84%
- 1Y
- 13.90%
- 3Y*
- 9.54%
- 5Y*
- 6.16%
- 10Y*
- 8.88%
H4ZA.DE vs. CEMQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 9.45% | 22.26% | 11.06% | 22.59% | -8.87% | 23.72% | -2.73% | 30.04% | -11.95% | 10.07% |
CEMQ.DE iShares Edge MSCI Europe Quality Factor UCITS ETF | 7.36% | 10.19% | 3.69% | 14.57% | -11.90% | 26.61% | 1.06% | 32.46% | -7.32% | 10.41% |
Correlation
The correlation between H4ZA.DE and CEMQ.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.89 |
The correlation between H4ZA.DE and CEMQ.DE has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
H4ZA.DE vs. CEMQ.DE — Risk / Return Rank
H4ZA.DE
CEMQ.DE
H4ZA.DE vs. CEMQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) and iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.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.
| H4ZA.DE | CEMQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 1.65 | +0.32 |
| Martin ratioReturn relative to average drawdown | 6.83 | 5.28 | +1.55 |
Loading charts...
Drawdowns
H4ZA.DE vs. CEMQ.DE - Drawdown Comparison
The maximum H4ZA.DE drawdown since its inception was -38.40%, which is greater than CEMQ.DE's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for H4ZA.DE and CEMQ.DE.
Loading charts...
Drawdown Indicators
| H4ZA.DE | CEMQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.40% | -33.76% | -4.64% |
Max Drawdown (1Y)Largest decline over 1 year | -10.97% | -8.38% | -2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -16.39% | -14.96% | -1.43% |
Max Drawdown (5Y)Largest decline over 5 years | -23.26% | -19.65% | -3.61% |
Max Drawdown (10Y)Largest decline over 10 years | -38.40% | -33.76% | -4.64% |
Current DrawdownCurrent decline from peak | -1.53% | -0.33% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -7.20% | -5.33% | -1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.62% | +0.55% |
Volatility
H4ZA.DE vs. CEMQ.DE - Volatility Comparison
HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a higher volatility of 3.61% compared to iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.DE) at 2.79%. This indicates that H4ZA.DE's price experiences larger fluctuations and is considered to be riskier than CEMQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| H4ZA.DE | CEMQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 2.79% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 13.23% | 9.71% | +3.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 12.02% | +3.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.54% | 14.04% | +3.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 14.77% | +3.09% |
H4ZA.DE vs. CEMQ.DE - Expense Ratio Comparison
H4ZA.DE has a 0.05% expense ratio, which is lower than CEMQ.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
H4ZA.DE vs. CEMQ.DE - Dividend Comparison
H4ZA.DE's dividend yield for the trailing twelve months is around 2.39%, while CEMQ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEMQ.DE iShares Edge MSCI Europe Quality Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 2.39% | 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
H4ZA.DE and CEMQ.DE have a correlation of 0.85, 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 0.25% for CEMQ.DE.
H4ZA.DE tracks EURO STOXX® 50, while CEMQ.DE tracks MSCI Europe Sector Neutral Quality. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.05% for H4ZA.DE and 0.25% for CEMQ.DE.
Find the right allocation for H4ZA.DE and CEMQ.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer