H4ZA.DE vs. H4ZJ.DE
H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) and H4ZJ.DE (HSBC MSCI World UCITS ETF USD) are both exchange-traded funds - H4ZA.DE is a Europe Equities fund tracking the EURO STOXX® 50, while H4ZJ.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 10 years, H4ZA.DE returned 10.80%/yr vs 14.71%/yr for H4ZJ.DE. A 0.76 correlation means they provide meaningful diversification when combined. H4ZA.DE charges 0.05%/yr vs 0.15%/yr for H4ZJ.DE.
Performance
H4ZA.DE vs. H4ZJ.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 H4ZJ.DE's 10.86% return. Over the past 10 years, H4ZA.DE has underperformed H4ZJ.DE with an annualized return of 10.80%, while H4ZJ.DE has yielded a comparatively higher 14.71% 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%
H4ZJ.DE
- 1D
- -0.34%
- 1M
- 3.69%
- YTD
- 10.86%
- 6M
- 10.96%
- 1Y
- 23.81%
- 3Y*
- 18.46%
- 5Y*
- 13.87%
- 10Y*
- 14.71%
H4ZA.DE vs. H4ZJ.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% |
H4ZJ.DE HSBC MSCI World UCITS ETF USD | 10.86% | 8.00% | 26.94% | 22.28% | -13.11% | 35.34% | 7.78% | 34.57% | -2.46% | 9.87% |
Correlation
The correlation between H4ZA.DE and H4ZJ.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2013 | 0.76 |
The correlation between H4ZA.DE and H4ZJ.DE has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.
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Return for Risk
H4ZA.DE vs. H4ZJ.DE — Risk / Return Rank
H4ZA.DE
H4ZJ.DE
H4ZA.DE vs. H4ZJ.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 MSCI World UCITS ETF USD (H4ZJ.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 | H4ZJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.40 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 3.61 | -2.18 |
| Martin ratioReturn relative to average drawdown | 4.85 | 14.41 | -9.56 |
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 | H4ZJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 2.13 | -1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.97 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.97 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.93 | -0.52 |
Drawdowns
H4ZA.DE vs. H4ZJ.DE - Drawdown Comparison
The maximum H4ZA.DE drawdown since its inception was -38.41%, which is greater than H4ZJ.DE's maximum drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for H4ZA.DE and H4ZJ.DE.
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Drawdown Indicators
| H4ZA.DE | H4ZJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.41% | -33.60% | -4.81% |
Max Drawdown (1Y)Largest decline over 1 year | -10.97% | -6.59% | -4.38% |
Max Drawdown (3Y)Largest decline over 3 years | -16.40% | -21.65% | +5.25% |
Max Drawdown (5Y)Largest decline over 5 years | -23.26% | -21.65% | -1.61% |
Max Drawdown (10Y)Largest decline over 10 years | -38.41% | -33.60% | -4.81% |
Current DrawdownCurrent decline from peak | -0.50% | -0.34% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -4.02% | -3.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 1.66% | +1.58% |
Volatility
H4ZA.DE vs. H4ZJ.DE - Volatility Comparison
HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a higher volatility of 4.95% compared to HSBC MSCI World UCITS ETF USD (H4ZJ.DE) at 2.77%. This indicates that H4ZA.DE's price experiences larger fluctuations and is considered to be riskier than H4ZJ.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 | H4ZJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 2.77% | +2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 12.99% | 7.73% | +5.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 11.24% | +4.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 14.14% | +3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 15.05% | +3.12% |
H4ZA.DE vs. H4ZJ.DE - Expense Ratio Comparison
H4ZA.DE has a 0.05% expense ratio, which is lower than H4ZJ.DE's 0.15% 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. H4ZJ.DE - Dividend Comparison
H4ZA.DE's dividend yield for the trailing twelve months is around 2.44%, more than H4ZJ.DE's 1.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
H4ZJ.DE HSBC MSCI World UCITS ETF USD | 1.16% | 1.28% | 2.06% | 3.02% | 2.65% | 2.73% | 3.30% | 4.02% | 4.71% | 3.58% | 4.02% | 3.46% |
Frequently Asked Questions
H4ZA.DE and H4ZJ.DE have a correlation of 0.76, 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 0.15% for H4ZJ.DE.
H4ZA.DE is categorized as Europe Equities, while H4ZJ.DE is Global Equities. H4ZA.DE tracks EURO STOXX® 50, while H4ZJ.DE tracks MSCI World. Their fees differ too: 0.05% for H4ZA.DE and 0.15% for H4ZJ.DE.
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