H4ZA.DE vs. EXXX.DE
H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) and EXXX.DE (iShares ATX UCITS ETF (DE)) are both Europe Equities funds - H4ZA.DE tracks the EURO STOXX® 50 while EXXX.DE tracks the ATX Index. Both are passively managed. Over the past 10 years, H4ZA.DE returned 11.03%/yr vs 14.21%/yr for EXXX.DE. A 0.74 correlation means they provide meaningful diversification when combined. H4ZA.DE charges 0.05%/yr vs 0.32%/yr for EXXX.DE.
Performance
H4ZA.DE vs. EXXX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4ZA.DE achieves a 9.79% return, which is significantly lower than EXXX.DE's 22.53% return. Over the past 10 years, H4ZA.DE has underperformed EXXX.DE with an annualized return of 11.03%, while EXXX.DE has yielded a comparatively higher 14.21% annualized return.
H4ZA.DE
- 1D
- -0.80%
- 1M
- -0.88%
- 6M
- 5.52%
- YTD
- 9.79%
- 1Y
- 18.89%
- 3Y*
- 15.78%
- 5Y*
- 12.34%
- 10Y*
- 11.03%
EXXX.DE
- 1D
- -1.55%
- 1M
- -2.82%
- 6M
- 19.05%
- YTD
- 22.53%
- 1Y
- 45.03%
- 3Y*
- 30.20%
- 5Y*
- 17.45%
- 10Y*
- 14.21%
H4ZA.DE vs. EXXX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 9.79% | 22.26% | 11.06% | 22.59% | -8.87% | 23.72% | -2.73% | 30.04% | -11.95% | 10.07% |
EXXX.DE iShares ATX UCITS ETF (DE) | 22.53% | 51.31% | 10.39% | 13.71% | -16.43% | 42.16% | -11.27% | 19.95% | -18.96% | 32.71% |
Correlation
The correlation between H4ZA.DE and EXXX.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 (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010 | 0.74 |
The correlation between H4ZA.DE and EXXX.DE has been stable across timeframes, ranging from 0.71 to 0.75 - a consistent structural relationship.
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Return for Risk
H4ZA.DE vs. EXXX.DE — Risk / Return Rank
H4ZA.DE
EXXX.DE
H4ZA.DE vs. EXXX.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 ATX UCITS ETF (DE) (EXXX.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 | EXXX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.43 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 4.19 | -2.47 |
| Martin ratioReturn relative to average drawdown | 6.00 | 14.04 | -8.04 |
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Drawdowns
H4ZA.DE vs. EXXX.DE - Drawdown Comparison
The maximum H4ZA.DE drawdown since its inception was -38.40%, smaller than the maximum EXXX.DE drawdown of -71.43%. Use the drawdown chart below to compare losses from any high point for H4ZA.DE and EXXX.DE.
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Drawdown Indicators
| H4ZA.DE | EXXX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.40% | -71.43% | +33.03% |
Max Drawdown (1Y)Largest decline over 1 year | -10.97% | -10.71% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -16.39% | -16.11% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -23.26% | -32.69% | +9.43% |
Max Drawdown (10Y)Largest decline over 10 years | -38.40% | -52.90% | +14.50% |
Current DrawdownCurrent decline from peak | -2.69% | -3.48% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -7.18% | -28.47% | +21.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 3.20% | -0.06% |
Volatility
H4ZA.DE vs. EXXX.DE - Volatility Comparison
The current volatility for HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) is 3.98%, while iShares ATX UCITS ETF (DE) (EXXX.DE) has a volatility of 4.88%. This indicates that H4ZA.DE experiences smaller price fluctuations and is considered to be less risky than EXXX.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 | EXXX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 4.88% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 13.35% | 14.74% | -1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 17.54% | -1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.53% | 19.15% | -1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.81% | 19.93% | -2.12% |
H4ZA.DE vs. EXXX.DE - Expense Ratio Comparison
H4ZA.DE has a 0.05% expense ratio, which is lower than EXXX.DE's 0.32% expense ratio.
Dividends
H4ZA.DE vs. EXXX.DE - Dividend Comparison
H4ZA.DE's dividend yield for the trailing twelve months is around 2.38%, less than EXXX.DE's 3.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXXX.DE iShares ATX UCITS ETF (DE) | 3.01% | 2.53% | 4.30% | 3.53% | 3.61% | 1.04% | 1.18% | 1.73% | 0.48% | 0.65% | 1.08% | 1.65% |
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 2.38% | 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 EXXX.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, 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 0.32% for EXXX.DE.
H4ZA.DE tracks EURO STOXX® 50, while EXXX.DE tracks ATX Index. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.05% for H4ZA.DE and 0.32% for EXXX.DE.
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