H4ZE.DE vs. EXSH.DE
H4ZE.DE (HSBC MSCI Europe UCITS ETF EUR) and EXSH.DE (iShares STOXX Europe Select Dividend 30 UCITS ETF (DE)) are both Europe Equities funds - H4ZE.DE tracks the MSCI Europe while EXSH.DE tracks the STOXX® Europe Select Dividend 30. Both are passively managed. Over the past 10 years, H4ZE.DE returned 9.41%/yr vs 10.31%/yr for EXSH.DE. Their correlation of 0.84 suggests significant overlap in exposure. H4ZE.DE charges 0.10%/yr vs 0.32%/yr for EXSH.DE.
Performance
H4ZE.DE vs. EXSH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4ZE.DE achieves a 7.42% return, which is significantly lower than EXSH.DE's 13.96% return. Over the past 10 years, H4ZE.DE has underperformed EXSH.DE with an annualized return of 9.41%, while EXSH.DE has yielded a comparatively higher 10.31% annualized return.
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%
EXSH.DE
- 1D
- 0.47%
- 1M
- 2.07%
- YTD
- 13.96%
- 6M
- 19.08%
- 1Y
- 32.09%
- 3Y*
- 23.40%
- 5Y*
- 12.78%
- 10Y*
- 10.31%
H4ZE.DE vs. EXSH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
H4ZE.DE HSBC MSCI Europe UCITS ETF EUR | 7.42% | 20.37% | 10.54% | 15.61% | -8.94% | 25.21% | -3.31% | 28.06% | -11.05% | 10.41% |
EXSH.DE iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) | 13.96% | 44.94% | 5.72% | 10.87% | -9.92% | 23.55% | -9.64% | 27.73% | -4.87% | 5.22% |
Correlation
The correlation between H4ZE.DE and EXSH.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2010 | 0.84 |
The correlation between H4ZE.DE and EXSH.DE has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.
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Return for Risk
H4ZE.DE vs. EXSH.DE — Risk / Return Rank
H4ZE.DE
EXSH.DE
H4ZE.DE vs. EXSH.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 iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) (EXSH.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 | EXSH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.48 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 4.85 | -3.16 |
| Martin ratioReturn relative to average drawdown | 6.20 | 16.10 | -9.90 |
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 | EXSH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 2.69 | -1.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.86 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.60 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.32 | +0.18 |
Drawdowns
H4ZE.DE vs. EXSH.DE - Drawdown Comparison
The maximum H4ZE.DE drawdown since its inception was -35.52%, smaller than the maximum EXSH.DE drawdown of -70.20%. Use the drawdown chart below to compare losses from any high point for H4ZE.DE and EXSH.DE.
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Drawdown Indicators
| H4ZE.DE | EXSH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.52% | -70.20% | +34.68% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -6.65% | -2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -14.43% | -2.06% |
Max Drawdown (5Y)Largest decline over 5 years | -19.17% | -22.98% | +3.81% |
Max Drawdown (10Y)Largest decline over 10 years | -35.52% | -40.34% | +4.82% |
Current DrawdownCurrent decline from peak | -2.04% | -1.87% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -5.73% | -22.15% | +16.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.01% | +0.56% |
Volatility
H4ZE.DE vs. EXSH.DE - Volatility Comparison
HSBC MSCI Europe UCITS ETF EUR (H4ZE.DE) has a higher volatility of 4.57% compared to iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) (EXSH.DE) at 3.90%. This indicates that H4ZE.DE's price experiences larger fluctuations and is considered to be riskier than EXSH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H4ZE.DE | EXSH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 3.90% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 9.77% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.01% | 11.99% | +1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.28% | 14.61% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 17.15% | -1.66% |
H4ZE.DE vs. EXSH.DE - Expense Ratio Comparison
H4ZE.DE has a 0.10% expense ratio, which is lower than EXSH.DE's 0.32% expense ratio.
Dividends
H4ZE.DE vs. EXSH.DE - Dividend Comparison
H4ZE.DE's dividend yield for the trailing twelve months is around 2.43%, less than EXSH.DE's 4.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXSH.DE iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) | 4.47% | 5.15% | 5.86% | 6.39% | 6.06% | 3.77% | 3.58% | 4.50% | 4.42% | 5.03% | 4.99% | 3.96% |
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 EXSH.DE have a correlation of 0.82, 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 0.32% for EXSH.DE.
H4ZE.DE tracks MSCI Europe, while EXSH.DE tracks STOXX® Europe Select Dividend 30. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.10% for H4ZE.DE and 0.32% for EXSH.DE.
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