H4ZA.DE vs. IQQU.DE
H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) and IQQU.DE (iShares MSCI Europe ex-UK UCITS ETF) are both Europe Equities funds - H4ZA.DE tracks the EURO STOXX® 50 while IQQU.DE tracks the MSCI Europe ex UK. Both are passively managed. Over the past 10 years, H4ZA.DE returned 10.80%/yr vs 9.38%/yr for IQQU.DE. Their correlation of 0.94 suggests significant overlap in exposure. H4ZA.DE charges 0.05%/yr vs 0.40%/yr for IQQU.DE.
Performance
H4ZA.DE vs. IQQU.DE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with H4ZA.DE having a 7.24% return and IQQU.DE slightly higher at 7.54%. Over the past 10 years, H4ZA.DE has outperformed IQQU.DE with an annualized return of 10.80%, while IQQU.DE has yielded a comparatively lower 9.38% 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%
IQQU.DE
- 1D
- 0.78%
- 1M
- 1.64%
- YTD
- 7.54%
- 6M
- 9.86%
- 1Y
- 15.14%
- 3Y*
- 13.15%
- 5Y*
- 9.03%
- 10Y*
- 9.38%
H4ZA.DE vs. IQQU.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% |
IQQU.DE iShares MSCI Europe ex-UK UCITS ETF | 7.54% | 20.11% | 6.36% | 17.27% | -12.23% | 24.46% | 1.53% | 28.71% | -11.38% | 11.87% |
Correlation
The correlation between H4ZA.DE and IQQU.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2010 | 0.94 |
The correlation between H4ZA.DE and IQQU.DE has been stable across timeframes, ranging from 0.94 to 0.97 - 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. IQQU.DE — Risk / Return Rank
H4ZA.DE
IQQU.DE
H4ZA.DE vs. IQQU.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 Europe ex-UK UCITS ETF (IQQU.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 | IQQU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.21 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 1.54 | -0.11 |
| Martin ratioReturn relative to average drawdown | 4.85 | 5.62 | -0.78 |
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 | IQQU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.13 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.60 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.59 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.29 | +0.12 |
Drawdowns
H4ZA.DE vs. IQQU.DE - Drawdown Comparison
The maximum H4ZA.DE drawdown since its inception was -38.41%, smaller than the maximum IQQU.DE drawdown of -59.97%. Use the drawdown chart below to compare losses from any high point for H4ZA.DE and IQQU.DE.
Loading charts...
Drawdown Indicators
| H4ZA.DE | IQQU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.41% | -59.97% | +21.56% |
Max Drawdown (1Y)Largest decline over 1 year | -10.97% | -9.97% | -1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -16.40% | -16.34% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -23.26% | -22.54% | -0.72% |
Max Drawdown (10Y)Largest decline over 10 years | -38.41% | -34.61% | -3.80% |
Current DrawdownCurrent decline from peak | -0.50% | -1.21% | +0.71% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -15.28% | +7.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 2.73% | +0.51% |
Volatility
H4ZA.DE vs. IQQU.DE - Volatility Comparison
HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a higher volatility of 4.95% compared to iShares MSCI Europe ex-UK UCITS ETF (IQQU.DE) at 4.32%. This indicates that H4ZA.DE's price experiences larger fluctuations and is considered to be riskier than IQQU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| H4ZA.DE | IQQU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 4.32% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 12.99% | 11.04% | +1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 13.59% | +2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 14.91% | +2.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 15.69% | +2.48% |
H4ZA.DE vs. IQQU.DE - Expense Ratio Comparison
H4ZA.DE has a 0.05% expense ratio, which is lower than IQQU.DE's 0.40% expense ratio.
Dividends
H4ZA.DE vs. IQQU.DE - Dividend Comparison
H4ZA.DE's dividend yield for the trailing twelve months is around 2.44%, more than IQQU.DE's 1.98% 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% |
IQQU.DE iShares MSCI Europe ex-UK UCITS ETF | 1.98% | 2.16% | 2.38% | 2.36% | 2.33% | 1.62% | 1.43% | 2.31% | 2.67% | 2.26% | 2.31% | 2.14% |
Frequently Asked Questions
With a correlation of 0.96, H4ZA.DE and IQQU.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.40% for IQQU.DE.
H4ZA.DE tracks EURO STOXX® 50, while IQQU.DE tracks MSCI Europe ex UK. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.05% for H4ZA.DE and 0.40% for IQQU.DE.
Find the right allocation for H4ZA.DE and IQQU.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