H4ZE.DE vs. 5HEU.DE
H4ZE.DE (HSBC MSCI Europe UCITS ETF EUR) and 5HEU.DE (Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR)) are both Europe Equities funds - H4ZE.DE tracks the MSCI Europe while 5HEU.DE tracks the Ossiam ESG Shiller Barclays CAPE® Europe Sector. Both are passively managed. A 0.75 correlation means they provide meaningful diversification when combined. H4ZE.DE charges 0.10%/yr vs 0.75%/yr for 5HEU.DE.
Performance
H4ZE.DE vs. 5HEU.DE - Performance Comparison
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Returns By Period
H4ZE.DE
- 1D
- 0.63%
- 1M
- 1.17%
- YTD
- 7.42%
- 6M
- 9.80%
- 1Y
- 15.80%
- 3Y*
- 14.48%
- 5Y*
- 10.49%
- 10Y*
- 9.41%
5HEU.DE
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
H4ZE.DE vs. 5HEU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
H4ZE.DE HSBC MSCI Europe UCITS ETF EUR | 7.42% | 20.37% | 10.54% | 15.61% | -5.69% |
5HEU.DE Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR) | 0.00% | 4.88% | -2.91% | 6.26% | -6.49% |
Correlation
The correlation between H4ZE.DE and 5HEU.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2022 | 0.75 |
Over the past year, the correlation between H4ZE.DE and 5HEU.DE has dropped to 0.46 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
H4ZE.DE vs. 5HEU.DE — Risk / Return Rank
H4ZE.DE
5HEU.DE
H4ZE.DE vs. 5HEU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Europe UCITS ETF EUR (H4ZE.DE) and Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR) (5HEU.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.
| H4ZE.DE | 5HEU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.23 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | — | — |
| Martin ratioReturn relative to average drawdown | 6.20 | — | — |
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
| H4ZE.DE | 5HEU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | — | — |
Drawdowns
H4ZE.DE vs. 5HEU.DE - Drawdown Comparison
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Drawdown Indicators
| H4ZE.DE | 5HEU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.52% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.17% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.52% | — | — |
Current DrawdownCurrent decline from peak | -2.04% | — | — |
Average DrawdownAverage peak-to-trough decline | -5.73% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | — | — |
Volatility
H4ZE.DE vs. 5HEU.DE - Volatility Comparison
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Volatility by Period
| H4ZE.DE | 5HEU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.01% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.28% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | — | — |
H4ZE.DE vs. 5HEU.DE - Expense Ratio Comparison
H4ZE.DE has a 0.10% expense ratio, which is lower than 5HEU.DE's 0.75% expense ratio.
Dividends
H4ZE.DE vs. 5HEU.DE - Dividend Comparison
H4ZE.DE's dividend yield for the trailing twelve months is around 2.43%, while 5HEU.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
5HEU.DE Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
H4ZE.DE HSBC MSCI Europe UCITS ETF EUR | 2.43% | 2.58% | 5.12% | 2.81% | 3.03% | 2.09% | 2.15% | 2.91% | 3.35% | 2.75% | 2.88% | 2.69% |
Frequently Asked Questions
H4ZE.DE and 5HEU.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4ZE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZE.DE is cheaper with a 0.10% expense ratio, compared with 0.75% for 5HEU.DE.
H4ZE.DE tracks MSCI Europe, while 5HEU.DE tracks Ossiam ESG Shiller Barclays CAPE® Europe Sector. They also come from different issuers: HSBC and Natixis. Their fees differ too: 0.10% for H4ZE.DE and 0.75% for 5HEU.DE.
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