H4ZA.DE vs. IBCJ.DE
H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) and IBCJ.DE (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - H4ZA.DE tracks the EURO STOXX® 50 while IBCJ.DE tracks the MSCI Poland. Both are passively managed. Over the past 10 years, H4ZA.DE returned 10.80%/yr vs 9.17%/yr for IBCJ.DE. A 0.58 correlation means they provide meaningful diversification when combined. H4ZA.DE charges 0.05%/yr vs 0.74%/yr for IBCJ.DE.
Performance
H4ZA.DE vs. IBCJ.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, H4ZA.DE achieves a 7.24% return, which is significantly lower than IBCJ.DE's 16.30% return. Over the past 10 years, H4ZA.DE has outperformed IBCJ.DE with an annualized return of 10.80%, while IBCJ.DE has yielded a comparatively lower 9.17% 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%
IBCJ.DE
- 1D
- 0.17%
- 1M
- 1.95%
- YTD
- 16.30%
- 6M
- 26.50%
- 1Y
- 40.90%
- 3Y*
- 29.89%
- 5Y*
- 14.80%
- 10Y*
- 9.17%
H4ZA.DE vs. IBCJ.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% |
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 16.30% | 53.66% | -0.42% | 43.86% | -21.74% | 14.34% | -18.69% | -3.73% | -9.07% | 35.59% |
Correlation
The correlation between H4ZA.DE and IBCJ.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.58 |
The correlation between H4ZA.DE and IBCJ.DE has been stable across timeframes, ranging from 0.57 to 0.59 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
H4ZA.DE vs. IBCJ.DE — Risk / Return Rank
H4ZA.DE
IBCJ.DE
H4ZA.DE vs. IBCJ.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 MSCI Poland UCITS ETF USD (Acc) (IBCJ.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 | IBCJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.28 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 3.90 | -2.47 |
| Martin ratioReturn relative to average drawdown | 4.85 | 9.60 | -4.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| H4ZA.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.65 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.55 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.36 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.15 | +0.27 |
Drawdowns
H4ZA.DE vs. IBCJ.DE - Drawdown Comparison
The maximum H4ZA.DE drawdown since its inception was -38.41%, smaller than the maximum IBCJ.DE drawdown of -56.11%. Use the drawdown chart below to compare losses from any high point for H4ZA.DE and IBCJ.DE.
Loading charts...
Drawdown Indicators
| H4ZA.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.41% | -56.11% | +17.70% |
Max Drawdown (1Y)Largest decline over 1 year | -10.97% | -9.96% | -1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -16.40% | -18.47% | +2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -23.26% | -47.31% | +24.05% |
Max Drawdown (10Y)Largest decline over 10 years | -38.41% | -56.11% | +17.70% |
Current DrawdownCurrent decline from peak | -0.50% | -1.16% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -19.38% | +11.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 4.05% | -0.81% |
Volatility
H4ZA.DE vs. IBCJ.DE - Volatility Comparison
The current volatility for HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) is 4.95%, while iShares MSCI Poland UCITS ETF USD (Acc) (IBCJ.DE) has a volatility of 7.13%. This indicates that H4ZA.DE experiences smaller price fluctuations and is considered to be less risky than IBCJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| H4ZA.DE | IBCJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 7.13% | -2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 12.99% | 17.61% | -4.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 23.48% | -7.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 26.72% | -9.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 25.15% | -6.98% |
H4ZA.DE vs. IBCJ.DE - Expense Ratio Comparison
H4ZA.DE has a 0.05% expense ratio, which is lower than IBCJ.DE's 0.74% expense ratio.
Dividends
H4ZA.DE vs. IBCJ.DE - Dividend Comparison
H4ZA.DE's dividend yield for the trailing twelve months is around 2.44%, while IBCJ.DE has not paid dividends to shareholders.
| 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% |
IBCJ.DE iShares MSCI Poland UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
H4ZA.DE and IBCJ.DE have a correlation of 0.57, 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 0.74% for IBCJ.DE.
H4ZA.DE tracks EURO STOXX® 50, while IBCJ.DE tracks MSCI Poland. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.05% for H4ZA.DE and 0.74% for IBCJ.DE.
Find the right allocation for H4ZA.DE and IBCJ.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer