H4ZJ.DE vs. XD5E.DE
H4ZJ.DE (HSBC MSCI World UCITS ETF USD) and XD5E.DE (Xtrackers MSCI EMU UCITS ETF 1D) are both exchange-traded funds - H4ZJ.DE is a Global Equities fund tracking the MSCI World, while XD5E.DE is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, H4ZJ.DE returned 14.71%/yr vs 10.03%/yr for XD5E.DE. A 0.77 correlation means they provide meaningful diversification when combined. H4ZJ.DE charges 0.15%/yr vs 0.12%/yr for XD5E.DE.
Performance
H4ZJ.DE vs. XD5E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4ZJ.DE achieves a 10.86% return, which is significantly higher than XD5E.DE's 8.92% return. Over the past 10 years, H4ZJ.DE has outperformed XD5E.DE with an annualized return of 14.71%, while XD5E.DE has yielded a comparatively lower 10.03% annualized return.
H4ZJ.DE
- 1D
- -0.34%
- 1M
- 3.69%
- YTD
- 10.86%
- 6M
- 10.96%
- 1Y
- 23.81%
- 3Y*
- 18.46%
- 5Y*
- 13.87%
- 10Y*
- 14.71%
XD5E.DE
- 1D
- 0.52%
- 1M
- 1.86%
- YTD
- 8.92%
- 6M
- 10.72%
- 1Y
- 17.76%
- 3Y*
- 16.06%
- 5Y*
- 10.59%
- 10Y*
- 10.03%
H4ZJ.DE vs. XD5E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
H4ZJ.DE HSBC MSCI World UCITS ETF USD | 10.86% | 8.00% | 26.94% | 22.28% | -13.11% | 35.34% | 7.78% | 34.57% | -2.46% | 9.87% |
XD5E.DE Xtrackers MSCI EMU UCITS ETF 1D | 8.92% | 24.71% | 9.50% | 18.86% | -11.92% | 22.17% | -0.74% | 27.44% | -12.93% | 13.47% |
Correlation
The correlation between H4ZJ.DE and XD5E.DE is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2013 | 0.77 |
The correlation between H4ZJ.DE and XD5E.DE has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.
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Return for Risk
H4ZJ.DE vs. XD5E.DE — Risk / Return Rank
H4ZJ.DE
XD5E.DE
H4ZJ.DE vs. XD5E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI World UCITS ETF USD (H4ZJ.DE) and Xtrackers MSCI EMU UCITS ETF 1D (XD5E.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.
| H4ZJ.DE | XD5E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.23 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 1.75 | +1.86 |
| Martin ratioReturn relative to average drawdown | 14.41 | 6.40 | +8.01 |
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
| H4ZJ.DE | XD5E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 1.24 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.65 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | 0.59 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.55 | +0.38 |
Drawdowns
H4ZJ.DE vs. XD5E.DE - Drawdown Comparison
The maximum H4ZJ.DE drawdown since its inception was -33.60%, smaller than the maximum XD5E.DE drawdown of -38.04%. Use the drawdown chart below to compare losses from any high point for H4ZJ.DE and XD5E.DE.
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Drawdown Indicators
| H4ZJ.DE | XD5E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.60% | -38.04% | +4.44% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -10.26% | +3.67% |
Max Drawdown (3Y)Largest decline over 3 years | -21.65% | -15.30% | -6.35% |
Max Drawdown (5Y)Largest decline over 5 years | -21.65% | -24.56% | +2.91% |
Max Drawdown (10Y)Largest decline over 10 years | -33.60% | -38.04% | +4.44% |
Current DrawdownCurrent decline from peak | -0.34% | -0.44% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -5.74% | +1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 2.82% | -1.16% |
Volatility
H4ZJ.DE vs. XD5E.DE - Volatility Comparison
The current volatility for HSBC MSCI World UCITS ETF USD (H4ZJ.DE) is 2.77%, while Xtrackers MSCI EMU UCITS ETF 1D (XD5E.DE) has a volatility of 4.54%. This indicates that H4ZJ.DE experiences smaller price fluctuations and is considered to be less risky than XD5E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H4ZJ.DE | XD5E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 4.54% | -1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 11.91% | -4.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.24% | 14.52% | -3.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 16.13% | -1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.05% | 17.03% | -1.98% |
H4ZJ.DE vs. XD5E.DE - Expense Ratio Comparison
H4ZJ.DE has a 0.15% expense ratio, which is higher than XD5E.DE's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
H4ZJ.DE vs. XD5E.DE - Dividend Comparison
H4ZJ.DE's dividend yield for the trailing twelve months is around 1.16%, less than XD5E.DE's 2.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H4ZJ.DE HSBC MSCI World UCITS ETF USD | 1.16% | 1.28% | 2.06% | 3.02% | 2.65% | 2.73% | 3.30% | 4.02% | 4.71% | 3.58% | 4.02% | 3.46% |
XD5E.DE Xtrackers MSCI EMU UCITS ETF 1D | 2.42% | 2.54% | 2.86% | 2.74% | 4.66% | 1.41% | 2.94% | 2.59% | 1.89% | 2.51% | 0.73% | 0.36% |
Frequently Asked Questions
H4ZJ.DE and XD5E.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XD5E.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XD5E.DE is cheaper with a 0.12% expense ratio, compared with 0.15% for H4ZJ.DE.
H4ZJ.DE is categorized as Global Equities, while XD5E.DE is Europe Equities. H4ZJ.DE tracks MSCI World, while XD5E.DE tracks MSCI EMU NR EUR. They also come from different issuers: HSBC and Xtrackers. Their fees differ too: 0.15% for H4ZJ.DE and 0.12% for XD5E.DE.
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