H4ZA.DE vs. SXRY.DE
H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) and SXRY.DE (iShares FTSE MIB UCITS ETF (Acc)) are both Europe Equities funds - H4ZA.DE tracks the EURO STOXX® 50 while SXRY.DE tracks the FTSE MIB. Both are passively managed. Over the past 10 years, H4ZA.DE returned 11.68%/yr vs 16.60%/yr for SXRY.DE. Their correlation of 0.84 suggests significant overlap in exposure. H4ZA.DE charges 0.05%/yr vs 0.33%/yr for SXRY.DE.
Performance
H4ZA.DE vs. SXRY.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 lower than SXRY.DE's 17.22% return. Over the past 10 years, H4ZA.DE has underperformed SXRY.DE with an annualized return of 11.68%, while SXRY.DE has yielded a comparatively higher 16.60% annualized 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%
SXRY.DE
- 1D
- -0.85%
- 1M
- 3.87%
- YTD
- 17.22%
- 6M
- 18.03%
- 1Y
- 36.08%
- 3Y*
- 29.01%
- 5Y*
- 20.33%
- 10Y*
- 16.60%
H4ZA.DE vs. SXRY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 9.45% | 22.26% | 11.06% | 22.59% | -8.87% | 23.72% | -2.73% | 30.04% | -11.95% | 10.07% |
SXRY.DE iShares FTSE MIB UCITS ETF (Acc) | 17.22% | 37.80% | 18.15% | 33.34% | -9.13% | 26.71% | -4.02% | 33.22% | -14.32% | 16.72% |
Correlation
The correlation between H4ZA.DE and SXRY.DE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010 | 0.84 |
The correlation between H4ZA.DE and SXRY.DE has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
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Return for Risk
H4ZA.DE vs. SXRY.DE — Risk / Return Rank
H4ZA.DE
SXRY.DE
H4ZA.DE vs. SXRY.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 FTSE MIB UCITS ETF (Acc) (SXRY.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 | SXRY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.39 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 3.71 | -1.74 |
| Martin ratioReturn relative to average drawdown | 6.83 | 13.73 | -6.90 |
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Drawdowns
H4ZA.DE vs. SXRY.DE - Drawdown Comparison
The maximum H4ZA.DE drawdown since its inception was -38.40%, smaller than the maximum SXRY.DE drawdown of -43.59%. Use the drawdown chart below to compare losses from any high point for H4ZA.DE and SXRY.DE.
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Drawdown Indicators
| H4ZA.DE | SXRY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.40% | -43.59% | +5.19% |
Max Drawdown (1Y)Largest decline over 1 year | -10.97% | -9.69% | -1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -16.39% | -17.61% | +1.22% |
Max Drawdown (5Y)Largest decline over 5 years | -23.26% | -25.00% | +1.74% |
Max Drawdown (10Y)Largest decline over 10 years | -38.40% | -40.81% | +2.41% |
Current DrawdownCurrent decline from peak | -1.53% | -2.82% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -7.20% | -11.60% | +4.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.62% | +0.55% |
Volatility
H4ZA.DE vs. SXRY.DE - Volatility Comparison
The current volatility for HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) is 3.61%, while iShares FTSE MIB UCITS ETF (Acc) (SXRY.DE) has a volatility of 4.01%. This indicates that H4ZA.DE experiences smaller price fluctuations and is considered to be less risky than SXRY.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 | SXRY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 4.01% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 13.23% | 12.81% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 15.91% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.54% | 18.29% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 19.60% | -1.74% |
H4ZA.DE vs. SXRY.DE - Expense Ratio Comparison
H4ZA.DE has a 0.05% expense ratio, which is lower than SXRY.DE's 0.33% expense ratio.
Dividends
H4ZA.DE vs. SXRY.DE - Dividend Comparison
H4ZA.DE's dividend yield for the trailing twelve months is around 2.39%, while SXRY.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% |
SXRY.DE iShares FTSE MIB 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 SXRY.DE have a correlation of 0.84, 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 0.33% for SXRY.DE.
H4ZA.DE tracks EURO STOXX® 50, while SXRY.DE tracks FTSE MIB. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.05% for H4ZA.DE and 0.33% for SXRY.DE.
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