H4ZA.DE vs. ISF.L

Last updated Apr 2, 2026

Compare and contrast key facts about HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) and iShares Core FTSE 100 UCITS ETF (Dist) (ISF.L).

H4ZA.DE and ISF.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. H4ZA.DE is a passively managed fund by HSBC that tracks the performance of the EURO STOXX® 50. It was launched on Oct 5, 2009. ISF.L is a passively managed fund by iShares that tracks the performance of the FTSE AllSh TR GBP. It was launched on Apr 27, 2000. Both H4ZA.DE and ISF.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

H4ZA.DE vs. ISF.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) and iShares Core FTSE 100 UCITS ETF (Dist) (ISF.L). The values are adjusted to include any dividend payments, if applicable.

H4ZA.DE vs. ISF.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR	-0.82%	22.26%	13.81%	22.59%	-8.87%	23.72%	-2.73%	30.07%	-11.96%	10.07%
ISF.L iShares Core FTSE 100 UCITS ETF (Dist)	6.34%	19.40%	14.55%	10.09%	-0.57%	25.34%	-16.47%	24.56%	-10.08%	8.64%

Different Trading Currencies

H4ZA.DE is traded in EUR, while ISF.L is traded in GBp. To make them comparable, the ISF.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, H4ZA.DE achieves a -0.82% return, which is significantly lower than ISF.L's 6.34% return. Over the past 10 years, H4ZA.DE has outperformed ISF.L with an annualized return of 10.38%, while ISF.L has yielded a comparatively lower 8.45% annualized return.

H4ZA.DE

• 1D: 3.00%
• 1M: -4.13%
• YTD: -0.82%
• 6M: 3.26%
• 1Y: 10.92%
• 3Y*: 14.08%
• 5Y*: 11.42%
• 10Y*: 10.38%

ISF.L

• 1D: 0.60%
• 1M: -0.10%
• YTD: 6.34%
• 6M: 12.64%
• 1Y: 20.01%
• 3Y*: 15.13%
• 5Y*: 12.56%
• 10Y*: 8.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

H4ZA.DE vs. ISF.L - Expense Ratio Comparison

H4ZA.DE has a 0.05% expense ratio, which is lower than ISF.L's 0.07% 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%.

ISF.L

iShares Core FTSE 100 UCITS ETF (Dist)

H4ZA.DE

HSBC EURO STOXX 50 UCITS ETF EUR

Return for Risk

H4ZA.DE vs. ISF.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

H4ZA.DE

H4ZA.DE Risk / Return Rank: 32
H4ZA.DE Sharpe Ratio Rank: 31
H4ZA.DE Sortino Ratio Rank: 30
H4ZA.DE Omega Ratio Rank: 29
H4ZA.DE Calmar Ratio Rank: 36
H4ZA.DE Martin Ratio Rank: 36

ISF.L

ISF.L Risk / Return Rank: 88
ISF.L Sharpe Ratio Rank: 88
ISF.L Sortino Ratio Rank: 86
ISF.L Omega Ratio Rank: 92
ISF.L Calmar Ratio Rank: 87
ISF.L Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

H4ZA.DE vs. ISF.L - 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 Core FTSE 100 UCITS ETF (Dist) (ISF.L). 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	ISF.L	Difference
Sharpe ratio Return per unit of total volatility	0.63	1.37	-0.75
Sortino ratio Return per unit of downside risk	0.94	1.75	-0.80
Omega ratio Gain probability vs. loss probability	1.13	1.29	-0.16
Calmar ratio Return relative to maximum drawdown	1.02	3.00	-1.98
Martin ratio Return relative to average drawdown	3.57	11.84	-8.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

H4ZA.DE vs. ISF.L - Sharpe Ratio Comparison

The current H4ZA.DE Sharpe Ratio is 0.63, which is lower than the ISF.L Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of H4ZA.DE and ISF.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	H4ZA.DE	ISF.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.63	1.37	-0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.91	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.51	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.24	+0.15

Correlation

The correlation between H4ZA.DE and ISF.L is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

H4ZA.DE vs. ISF.L - Dividend Comparison

H4ZA.DE's dividend yield for the trailing twelve months is around 2.64%, less than ISF.L's 2.86% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR	2.64%	2.49%	5.35%	2.93%	2.94%	1.94%	2.06%	2.84%	3.55%	2.73%	2.85%	2.70%
ISF.L iShares Core FTSE 100 UCITS ETF (Dist)	2.86%	3.01%	3.71%	3.86%	3.75%	3.76%	3.11%	4.47%	4.44%	3.96%	3.79%	4.12%

Drawdowns

H4ZA.DE vs. ISF.L - Drawdown Comparison

The maximum H4ZA.DE drawdown since its inception was -38.41%, smaller than the maximum ISF.L drawdown of -58.68%. Use the drawdown chart below to compare losses from any high point for H4ZA.DE and ISF.L.

Drawdown Indicators

	H4ZA.DE	ISF.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.41%	-68.24%	+29.83%
Max Drawdown (1Y) Largest decline over 1 year	-12.68%	-9.20%	-3.48%
Max Drawdown (5Y) Largest decline over 5 years	-23.26%	-12.69%	-10.57%
Max Drawdown (10Y) Largest decline over 10 years	-38.41%	-34.13%	-4.28%
Current Drawdown Current decline from peak	-7.04%	-3.84%	-3.20%
Average Drawdown Average peak-to-trough decline	-7.90%	-21.98%	+14.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	2.12%	+1.02%

Volatility

H4ZA.DE vs. ISF.L - Volatility Comparison

HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a higher volatility of 6.57% compared to iShares Core FTSE 100 UCITS ETF (Dist) (ISF.L) at 5.54%. This indicates that H4ZA.DE's price experiences larger fluctuations and is considered to be riskier than ISF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	H4ZA.DE	ISF.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.57%	5.54%	+1.03%
Volatility (6M) Calculated over the trailing 6-month period	11.03%	8.70%	+2.33%
Volatility (1Y) Calculated over the trailing 1-year period	17.41%	14.52%	+2.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.24%	13.79%	+3.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.11%	16.67%	+1.44%