H4ZA.DE vs. DX2G.DE
H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) and DX2G.DE (Xtrackers CAC 40 UCITS ETF) are both Europe Equities funds - H4ZA.DE tracks the EURO STOXX® 50 while DX2G.DE tracks the CAC 40®. Both are passively managed. Over the past 10 years, H4ZA.DE returned 10.80%/yr vs 9.43%/yr for DX2G.DE. Their correlation of 0.90 suggests significant overlap in exposure. H4ZA.DE charges 0.05%/yr vs 0.20%/yr for DX2G.DE.
Performance
H4ZA.DE vs. DX2G.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4ZA.DE achieves a 7.24% return, which is significantly higher than DX2G.DE's 3.56% return. Over the past 10 years, H4ZA.DE has outperformed DX2G.DE with an annualized return of 10.80%, while DX2G.DE has yielded a comparatively lower 9.43% 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%
DX2G.DE
- 1D
- 1.24%
- 1M
- 0.29%
- YTD
- 3.56%
- 6M
- 3.99%
- 1Y
- 9.17%
- 3Y*
- 7.75%
- 5Y*
- 7.91%
- 10Y*
- 9.43%
H4ZA.DE vs. DX2G.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% |
DX2G.DE Xtrackers CAC 40 UCITS ETF | 3.56% | 14.51% | -0.04% | 19.30% | -6.47% | 30.47% | -4.99% | 32.76% | -9.63% | 13.19% |
Correlation
The correlation between H4ZA.DE and DX2G.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2010 | 0.90 |
The correlation between H4ZA.DE and DX2G.DE has been stable across timeframes, ranging from 0.88 to 0.95 - a consistent structural relationship.
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Return for Risk
H4ZA.DE vs. DX2G.DE — Risk / Return Rank
H4ZA.DE
DX2G.DE
H4ZA.DE vs. DX2G.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 Xtrackers CAC 40 UCITS ETF (DX2G.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 | DX2G.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.12 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 0.82 | +0.61 |
| Martin ratioReturn relative to average drawdown | 4.85 | 2.51 | +2.33 |
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 | DX2G.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.62 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.47 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.52 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.48 | -0.07 |
Drawdowns
H4ZA.DE vs. DX2G.DE - Drawdown Comparison
The maximum H4ZA.DE drawdown since its inception was -38.41%, roughly equal to the maximum DX2G.DE drawdown of -38.70%. Use the drawdown chart below to compare losses from any high point for H4ZA.DE and DX2G.DE.
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Drawdown Indicators
| H4ZA.DE | DX2G.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.41% | -38.70% | +0.29% |
Max Drawdown (1Y)Largest decline over 1 year | -10.97% | -10.92% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -16.40% | -16.22% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -23.26% | -20.89% | -2.37% |
Max Drawdown (10Y)Largest decline over 10 years | -38.41% | -38.70% | +0.29% |
Current DrawdownCurrent decline from peak | -0.50% | -2.30% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -6.46% | -1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 3.56% | -0.32% |
Volatility
H4ZA.DE vs. DX2G.DE - Volatility Comparison
HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a higher volatility of 4.95% compared to Xtrackers CAC 40 UCITS ETF (DX2G.DE) at 4.71%. This indicates that H4ZA.DE's price experiences larger fluctuations and is considered to be riskier than DX2G.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 | DX2G.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 4.71% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 12.99% | 11.25% | +1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 14.42% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 16.76% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 17.95% | +0.22% |
H4ZA.DE vs. DX2G.DE - Expense Ratio Comparison
H4ZA.DE has a 0.05% expense ratio, which is lower than DX2G.DE's 0.20% 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. DX2G.DE - Dividend Comparison
H4ZA.DE's dividend yield for the trailing twelve months is around 2.44%, less than DX2G.DE's 2.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DX2G.DE Xtrackers CAC 40 UCITS ETF | 2.97% | 2.78% | 3.06% | 2.92% | 4.66% | 1.41% | 3.38% | 2.74% | 2.51% | 2.99% | 2.25% | 0.24% |
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 DX2G.DE have a correlation of 0.88, 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 0.20% for DX2G.DE.
H4ZA.DE tracks EURO STOXX® 50, while DX2G.DE tracks CAC 40®. They also come from different issuers: HSBC and Xtrackers. Their fees differ too: 0.05% for H4ZA.DE and 0.20% for DX2G.DE.
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