H4ZA.DE vs. VWCG.DE
H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) and VWCG.DE (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) are both Europe Equities funds - H4ZA.DE tracks the EURO STOXX® 50 while VWCG.DE tracks the FTSE Developed Europe. Both are passively managed. Over the past 5 years, H4ZA.DE returned 12.12%/yr vs 9.96%/yr for VWCG.DE. Their correlation of 0.93 suggests significant overlap in exposure. H4ZA.DE charges 0.05%/yr vs 0.10%/yr for VWCG.DE.
Performance
H4ZA.DE vs. VWCG.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with H4ZA.DE having a 7.24% return and VWCG.DE slightly higher at 7.34%.
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%
VWCG.DE
- 1D
- 0.57%
- 1M
- 1.01%
- YTD
- 7.34%
- 6M
- 9.93%
- 1Y
- 16.18%
- 3Y*
- 14.09%
- 5Y*
- 9.96%
- 10Y*
- —
H4ZA.DE vs. VWCG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 7.24% | 22.26% | 13.81% | 22.59% | -8.87% | 23.72% | -2.73% | 12.10% |
VWCG.DE Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 7.34% | 20.45% | 8.94% | 16.07% | -9.71% | 24.74% | -2.59% | 11.39% |
Correlation
The correlation between H4ZA.DE and VWCG.DE is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2019 | 0.93 |
The correlation between H4ZA.DE and VWCG.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
H4ZA.DE vs. VWCG.DE — Risk / Return Rank
H4ZA.DE
VWCG.DE
H4ZA.DE vs. VWCG.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 Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.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 | VWCG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.24 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 1.70 | -0.27 |
| Martin ratioReturn relative to average drawdown | 4.85 | 6.40 | -1.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| H4ZA.DE | VWCG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.26 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.69 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.64 | -0.23 |
Drawdowns
H4ZA.DE vs. VWCG.DE - Drawdown Comparison
The maximum H4ZA.DE drawdown since its inception was -38.41%, which is greater than VWCG.DE's maximum drawdown of -35.68%. Use the drawdown chart below to compare losses from any high point for H4ZA.DE and VWCG.DE.
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Drawdown Indicators
| H4ZA.DE | VWCG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.41% | -35.68% | -2.73% |
Max Drawdown (1Y)Largest decline over 1 year | -10.97% | -9.58% | -1.39% |
Max Drawdown (3Y)Largest decline over 3 years | -16.40% | -16.07% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -23.26% | -20.10% | -3.16% |
Max Drawdown (10Y)Largest decline over 10 years | -38.41% | — | — |
Current DrawdownCurrent decline from peak | -0.50% | -1.51% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -5.10% | -2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 2.55% | +0.69% |
Volatility
H4ZA.DE vs. VWCG.DE - Volatility Comparison
HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a higher volatility of 4.95% compared to Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.DE) at 4.33%. This indicates that H4ZA.DE's price experiences larger fluctuations and is considered to be riskier than VWCG.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 | VWCG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 4.33% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 12.99% | 10.64% | +2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 12.91% | +3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 14.29% | +3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 17.09% | +1.08% |
H4ZA.DE vs. VWCG.DE - Expense Ratio Comparison
H4ZA.DE has a 0.05% expense ratio, which is lower than VWCG.DE's 0.10% 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. VWCG.DE - Dividend Comparison
H4ZA.DE's dividend yield for the trailing twelve months is around 2.44%, while VWCG.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 | 2.44% | 2.49% | 5.35% | 2.93% | 2.94% | 1.94% | 2.06% | 2.84% | 3.55% | 2.73% | 2.85% | 2.70% |
VWCG.DE Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 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
With a correlation of 0.95, H4ZA.DE and VWCG.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 0.10% for VWCG.DE.
H4ZA.DE tracks EURO STOXX® 50, while VWCG.DE tracks FTSE Developed Europe. They also come from different issuers: HSBC and Vanguard. Their fees differ too: 0.05% for H4ZA.DE and 0.10% for VWCG.DE.
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