H4ZA.DE vs. TDGB.L

Last updated Apr 3, 2026

Compare and contrast key facts about HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L).

H4ZA.DE and TDGB.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. TDGB.L is a passively managed fund by VanEck that tracks the performance of the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. It was launched on May 23, 2016. Both H4ZA.DE and TDGB.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. TDGB.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 VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR	-1.46%	22.26%	13.81%	22.59%	-8.87%	23.72%	-2.73%	24.07%
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	10.04%	24.05%	15.99%	11.37%	16.17%	27.37%	-10.74%	15.55%

Different Trading Currencies

H4ZA.DE is traded in EUR, while TDGB.L is traded in GBP. To make them comparable, the TDGB.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 -1.46% return, which is significantly lower than TDGB.L's 9.42% return.

H4ZA.DE

• 1D: -0.65%
• 1M: -1.09%
• YTD: -1.46%
• 6M: 1.39%
• 1Y: 10.46%
• 3Y*: 13.87%
• 5Y*: 11.28%
• 10Y*: 10.28%

TDGB.L

• 1D: 0.00%
• 1M: 1.87%
• YTD: 9.42%
• 6M: 17.89%
• 1Y: 24.10%
• 3Y*: 20.31%
• 5Y*: 17.96%
• 10Y*: —

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

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

H4ZA.DE has a 0.05% expense ratio, which is lower than TDGB.L's 0.38% expense ratio.

TDGB.L

VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF

H4ZA.DE

HSBC EURO STOXX 50 UCITS ETF EUR

Return for Risk

H4ZA.DE vs. TDGB.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: 34
H4ZA.DE Sharpe Ratio Rank: 30
H4ZA.DE Sortino Ratio Rank: 28
H4ZA.DE Omega Ratio Rank: 28
H4ZA.DE Calmar Ratio Rank: 41
H4ZA.DE Martin Ratio Rank: 42

TDGB.L

TDGB.L Risk / Return Rank: 97
TDGB.L Sharpe Ratio Rank: 96
TDGB.L Sortino Ratio Rank: 95
TDGB.L Omega Ratio Rank: 96
TDGB.L Calmar Ratio Rank: 98
TDGB.L Martin Ratio Rank: 98

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. TDGB.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 VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.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	TDGB.L	Difference
Sharpe ratio Return per unit of total volatility	0.60	1.87	-1.27
Sortino ratio Return per unit of downside risk	0.91	2.28	-1.37
Omega ratio Gain probability vs. loss probability	1.12	1.40	-0.28
Calmar ratio Return relative to maximum drawdown	1.33	5.80	-4.47
Martin ratio Return relative to average drawdown	4.88	20.80	-15.92
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. TDGB.L - Sharpe Ratio Comparison

The current H4ZA.DE Sharpe Ratio is 0.60, which is lower than the TDGB.L Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of H4ZA.DE and TDGB.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	TDGB.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.60	1.87	-1.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	1.49	-0.84
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.95	-0.56

Correlation

The correlation between H4ZA.DE and TDGB.L is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

H4ZA.DE vs. TDGB.L - Dividend Comparison

H4ZA.DE's dividend yield for the trailing twelve months is around 2.65%, less than TDGB.L's 3.25% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR	2.65%	2.49%	5.35%	2.93%	2.94%	1.94%	2.06%	2.84%	3.55%	2.73%	2.85%	2.70%
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	3.25%	3.50%	4.27%	4.93%	4.40%	4.06%	4.16%	4.52%	0.00%	0.00%	0.00%	0.00%

Drawdowns

H4ZA.DE vs. TDGB.L - Drawdown Comparison

The maximum H4ZA.DE drawdown since its inception was -38.41%, which is greater than TDGB.L's maximum drawdown of -35.57%. Use the drawdown chart below to compare losses from any high point for H4ZA.DE and TDGB.L.

Drawdown Indicators

	H4ZA.DE	TDGB.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.41%	-29.60%	-8.81%
Max Drawdown (1Y) Largest decline over 1 year	-10.97%	-9.11%	-1.86%
Max Drawdown (5Y) Largest decline over 5 years	-23.26%	-12.41%	-10.85%
Max Drawdown (10Y) Largest decline over 10 years	-38.41%	—	—
Current Drawdown Current decline from peak	-7.65%	-0.56%	-7.09%
Average Drawdown Average peak-to-trough decline	-7.90%	-3.75%	-4.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	1.34%	+1.64%

Volatility

H4ZA.DE vs. TDGB.L - Volatility Comparison

HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a higher volatility of 6.32% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) at 3.25%. This indicates that H4ZA.DE's price experiences larger fluctuations and is considered to be riskier than TDGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	H4ZA.DE	TDGB.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.32%	3.25%	+3.07%
Volatility (6M) Calculated over the trailing 6-month period	11.00%	6.67%	+4.33%
Volatility (1Y) Calculated over the trailing 1-year period	17.39%	12.82%	+4.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.23%	12.04%	+5.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.11%	15.53%	+2.58%