H4ZA.DE vs. CEMT.DE
H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - H4ZA.DE tracks the EURO STOXX® 50 while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 10 years, H4ZA.DE returned 10.80%/yr vs 6.44%/yr for CEMT.DE. Their correlation of 0.87 suggests significant overlap in exposure. H4ZA.DE charges 0.05%/yr vs 0.25%/yr for CEMT.DE.
Performance
H4ZA.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
Over the past 10 years, H4ZA.DE has outperformed CEMT.DE with an annualized return of 10.80%, while CEMT.DE has yielded a comparatively lower 6.44% annualized return.
H4ZA.DE
- 1D
- 0.77%
- 1M
- 1.94%
- YTD
- 7.24%
- 6M
- 8.59%
- 1Y
- 15.63%
- 3Y*
- 16.60%
- 5Y*
- 12.12%
- 10Y*
- 10.80%
CEMT.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 3.97%
- 3Y*
- 9.41%
- 5Y*
- 4.08%
- 10Y*
- 6.44%
H4ZA.DE vs. CEMT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 7.24% | 22.26% | 13.81% | 22.59% | -8.87% | 23.72% | -2.73% | 30.07% | -11.96% | 10.07% |
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 17.53% | 5.08% | 14.19% | -18.24% | 19.63% | 1.61% | 28.81% | -13.99% | 13.62% |
Correlation
The correlation between H4ZA.DE and CEMT.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.87 |
Over the past year, the correlation between H4ZA.DE and CEMT.DE has dropped to 0.45 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.
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Return for Risk
H4ZA.DE vs. CEMT.DE — Risk / Return Rank
H4ZA.DE
CEMT.DE
H4ZA.DE vs. CEMT.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 Size Factor UCITS ETF (CEMT.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.
| H4ZA.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.21 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 1.10 | +0.33 |
| Martin ratioReturn relative to average drawdown | 4.85 | 4.03 | +0.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| H4ZA.DE | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.77 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.28 | +0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.40 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.37 | +0.04 |
Drawdowns
H4ZA.DE vs. CEMT.DE - Drawdown Comparison
The maximum H4ZA.DE drawdown since its inception was -38.41%, roughly equal to the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for H4ZA.DE and CEMT.DE.
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Drawdown Indicators
| H4ZA.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.41% | -37.66% | -0.75% |
Max Drawdown (1Y)Largest decline over 1 year | -10.97% | -4.26% | -6.71% |
Max Drawdown (3Y)Largest decline over 3 years | -16.40% | -14.36% | -2.04% |
Max Drawdown (5Y)Largest decline over 5 years | -23.26% | -29.23% | +5.97% |
Max Drawdown (10Y)Largest decline over 10 years | -38.41% | -37.66% | -0.75% |
Current DrawdownCurrent decline from peak | -0.50% | -0.39% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -7.08% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 1.16% | +2.08% |
Volatility
H4ZA.DE vs. CEMT.DE - Volatility Comparison
HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a higher volatility of 4.95% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that H4ZA.DE's price experiences larger fluctuations and is considered to be riskier than CEMT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H4ZA.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 0.00% | +4.95% |
Volatility (6M)Calculated over the trailing 6-month period | 12.99% | 0.00% | +12.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 6.11% | +9.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 14.61% | +2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 16.11% | +2.06% |
H4ZA.DE vs. CEMT.DE - Expense Ratio Comparison
H4ZA.DE has a 0.05% expense ratio, which is lower than CEMT.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. CEMT.DE - Dividend Comparison
H4ZA.DE's dividend yield for the trailing twelve months is around 2.44%, while CEMT.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEMT.DE iShares Edge MSCI Europe Size 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 | 2.44% | 2.49% | 5.35% | 2.93% | 2.94% | 1.94% | 2.06% | 2.84% | 3.55% | 2.73% | 2.85% | 2.70% |
Frequently Asked Questions
H4ZA.DE and CEMT.DE have a correlation of 0.45, 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 CEMT.DE.
H4ZA.DE tracks EURO STOXX® 50, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.05% for H4ZA.DE and 0.25% for CEMT.DE.
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