H4ZA.DE vs. MVEE.DE
H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds - H4ZA.DE tracks the EURO STOXX® 50 while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, H4ZA.DE returned 11.85%/yr vs 6.05%/yr for MVEE.DE. Their correlation of 0.81 suggests significant overlap in exposure. H4ZA.DE charges 0.05%/yr vs 0.25%/yr for MVEE.DE.
Performance
H4ZA.DE vs. MVEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4ZA.DE achieves a 9.45% return, which is significantly higher than MVEE.DE's 7.52% return.
H4ZA.DE
- 1D
- -0.69%
- 1M
- 2.66%
- YTD
- 9.45%
- 6M
- 10.39%
- 1Y
- 21.69%
- 3Y*
- 16.26%
- 5Y*
- 11.85%
- 10Y*
- 11.68%
MVEE.DE
- 1D
- -0.57%
- 1M
- 0.58%
- YTD
- 7.52%
- 6M
- 8.05%
- 1Y
- 11.08%
- 3Y*
- 10.12%
- 5Y*
- 6.05%
- 10Y*
- —
H4ZA.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 9.45% | 22.26% | 11.06% | 22.59% | -8.87% | 23.72% | 29.47% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 7.52% | 8.71% | 8.75% | 12.46% | -15.04% | 23.79% | 13.95% |
Correlation
The correlation between H4ZA.DE and MVEE.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.81 |
Over the past year, the correlation between H4ZA.DE and MVEE.DE has dropped to 0.58 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
H4ZA.DE vs. MVEE.DE — Risk / Return Rank
H4ZA.DE
MVEE.DE
H4ZA.DE vs. MVEE.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 Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| H4ZA.DE | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.20 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 1.49 | +0.48 |
| Martin ratioReturn relative to average drawdown | 6.83 | 5.15 | +1.68 |
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Drawdowns
H4ZA.DE vs. MVEE.DE - Drawdown Comparison
The maximum H4ZA.DE drawdown since its inception was -38.40%, which is greater than MVEE.DE's maximum drawdown of -20.19%. Use the drawdown chart below to compare losses from any high point for H4ZA.DE and MVEE.DE.
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Drawdown Indicators
| H4ZA.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.40% | -20.19% | -18.21% |
Max Drawdown (1Y)Largest decline over 1 year | -10.97% | -7.40% | -3.57% |
Max Drawdown (3Y)Largest decline over 3 years | -16.39% | -12.19% | -4.20% |
Max Drawdown (5Y)Largest decline over 5 years | -23.26% | -20.19% | -3.07% |
Max Drawdown (10Y)Largest decline over 10 years | -38.40% | — | — |
Current DrawdownCurrent decline from peak | -1.53% | -0.57% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -7.20% | -4.49% | -2.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.15% | +1.02% |
Volatility
H4ZA.DE vs. MVEE.DE - Volatility Comparison
HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a higher volatility of 3.61% compared to iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) at 2.10%. This indicates that H4ZA.DE's price experiences larger fluctuations and is considered to be riskier than MVEE.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 | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 2.10% | +1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 13.23% | 8.18% | +5.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 9.88% | +6.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.54% | 12.08% | +5.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 12.46% | +5.40% |
H4ZA.DE vs. MVEE.DE - Expense Ratio Comparison
H4ZA.DE has a 0.05% expense ratio, which is lower than MVEE.DE's 0.25% 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. MVEE.DE - Dividend Comparison
H4ZA.DE's dividend yield for the trailing twelve months is around 2.39%, while MVEE.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 | 2.39% | 2.49% | 2.89% | 2.93% | 2.94% | 1.94% | 2.06% | 2.84% | 3.55% | 2.73% | 2.85% | 2.70% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (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 MVEE.DE have a correlation of 0.58, 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 0.25% for MVEE.DE.
H4ZA.DE tracks EURO STOXX® 50, while MVEE.DE tracks MSCI Europe NR EUR. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.05% for H4ZA.DE and 0.25% for MVEE.DE.
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