H4ZA.DE vs. H4Z1.DE
H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) and H4Z1.DE (HSBC Emerging Market Sustainable Equity UCITS ETF USD) are both exchange-traded funds - H4ZA.DE is a Europe Equities fund tracking the EURO STOXX® 50, while H4Z1.DE is a Emerging Markets Equities fund tracking the FTSE Emerging ESG Low Carbon Select. Both are passively managed. Over the past 5 years, H4ZA.DE returned 12.12%/yr vs 7.17%/yr for H4Z1.DE. A 0.57 correlation means they provide meaningful diversification when combined. H4ZA.DE charges 0.05%/yr vs 0.18%/yr for H4Z1.DE.
Performance
H4ZA.DE vs. H4Z1.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 lower than H4Z1.DE's 16.02% 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%
H4Z1.DE
- 1D
- -0.86%
- 1M
- 0.82%
- YTD
- 16.02%
- 6M
- 14.48%
- 1Y
- 33.76%
- 3Y*
- 17.28%
- 5Y*
- 7.17%
- 10Y*
- —
H4ZA.DE vs. H4Z1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 7.24% | 22.26% | 13.81% | 22.59% | -8.87% | 23.72% | 13.19% |
H4Z1.DE HSBC Emerging Market Sustainable Equity UCITS ETF USD | 16.02% | 14.83% | 22.34% | 0.83% | -12.35% | 8.61% | 12.24% |
Correlation
The correlation between H4ZA.DE and H4Z1.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2020 | 0.57 |
The correlation between H4ZA.DE and H4Z1.DE has been stable across timeframes, ranging from 0.56 to 0.60 - a consistent structural relationship.
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Return for Risk
H4ZA.DE vs. H4Z1.DE — Risk / Return Rank
H4ZA.DE
H4Z1.DE
H4ZA.DE vs. H4Z1.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 HSBC Emerging Market Sustainable Equity UCITS ETF USD (H4Z1.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 | H4Z1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 3.73 | -2.30 |
| Martin ratioReturn relative to average drawdown | 4.85 | 13.07 | -8.23 |
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 | H4Z1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 2.15 | -1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.44 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.64 | -0.23 |
Drawdowns
H4ZA.DE vs. H4Z1.DE - Drawdown Comparison
The maximum H4ZA.DE drawdown since its inception was -38.41%, which is greater than H4Z1.DE's maximum drawdown of -22.16%. Use the drawdown chart below to compare losses from any high point for H4ZA.DE and H4Z1.DE.
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Drawdown Indicators
| H4ZA.DE | H4Z1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.41% | -22.16% | -16.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.97% | -9.18% | -1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -16.40% | -19.53% | +3.13% |
Max Drawdown (5Y)Largest decline over 5 years | -23.26% | -20.44% | -2.82% |
Max Drawdown (10Y)Largest decline over 10 years | -38.41% | — | — |
Current DrawdownCurrent decline from peak | -0.50% | -2.40% | +1.90% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -8.60% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 2.62% | +0.62% |
Volatility
H4ZA.DE vs. H4Z1.DE - Volatility Comparison
The current volatility for HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) is 4.95%, while HSBC Emerging Market Sustainable Equity UCITS ETF USD (H4Z1.DE) has a volatility of 5.70%. This indicates that H4ZA.DE experiences smaller price fluctuations and is considered to be less risky than H4Z1.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 | H4Z1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 5.70% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 12.99% | 12.47% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 15.94% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 16.24% | +1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 16.17% | +2.00% |
H4ZA.DE vs. H4Z1.DE - Expense Ratio Comparison
H4ZA.DE has a 0.05% expense ratio, which is lower than H4Z1.DE's 0.18% 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. H4Z1.DE - Dividend Comparison
H4ZA.DE's dividend yield for the trailing twelve months is around 2.44%, while H4Z1.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H4Z1.DE HSBC Emerging Market Sustainable Equity UCITS ETF USD | 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 H4Z1.DE have a correlation of 0.60, 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 0.18% for H4Z1.DE.
H4ZA.DE is categorized as Europe Equities, while H4Z1.DE is Emerging Markets Equities. H4ZA.DE tracks EURO STOXX® 50, while H4Z1.DE tracks FTSE Emerging ESG Low Carbon Select. Their fees differ too: 0.05% for H4ZA.DE and 0.18% for H4Z1.DE.
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