H4ZZ.DE vs. 10AI.DE

Last updated Jun 5, 2026

H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) and 10AI.DE (Amundi Index MSCI Europe UCITS ETF DR EUR (D)) are both Europe Equities funds - H4ZZ.DE tracks the EURO STOXX 50 while 10AI.DE tracks the MSCI Europe. Both are passively managed. Over the past 3 years, H4ZZ.DE returned 15.64%/yr vs 13.61%/yr for 10AI.DE. Their correlation of 0.94 suggests significant overlap in exposure. H4ZZ.DE charges 0.05%/yr vs 0.15%/yr for 10AI.DE.

Performance

H4ZZ.DE vs. 10AI.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) and Amundi Index MSCI Europe UCITS ETF DR EUR (D) (10AI.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with H4ZZ.DE having a 7.20% return and 10AI.DE slightly higher at 7.51%.

H4ZZ.DE

• 1D: 0.77%
• 1M: 1.96%
• YTD: 7.20%
• 6M: 8.56%
• 1Y: 15.62%
• 3Y*: 15.64%
• 5Y*: —
• 10Y*: —

10AI.DE

• 1D: 0.60%
• 1M: 1.10%
• YTD: 7.51%
• 6M: 9.81%
• 1Y: 15.82%
• 3Y*: 13.61%
• 5Y*: 9.90%
• 10Y*: —

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

H4ZZ.DE vs. 10AI.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)	7.20%	22.35%	10.99%	22.53%	9.82%
10AI.DE Amundi Index MSCI Europe UCITS ETF DR EUR (D)	7.51%	20.22%	8.28%	15.64%	2.99%

Correlation

The correlation between H4ZZ.DE and 10AI.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 (All Time) Calculated using the full available price history since Jul 13, 2022	0.94

The correlation between H4ZZ.DE and 10AI.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

H4ZZ.DE vs. 10AI.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

H4ZZ.DE

H4ZZ.DE Risk / Return Rank: 29
H4ZZ.DE Sharpe Ratio Rank: 28
H4ZZ.DE Sortino Ratio Rank: 29
H4ZZ.DE Omega Ratio Rank: 28
H4ZZ.DE Calmar Ratio Rank: 30
H4ZZ.DE Martin Ratio Rank: 33

10AI.DE

10AI.DE Risk / Return Rank: 36
10AI.DE Sharpe Ratio Rank: 35
10AI.DE Sortino Ratio Rank: 36
10AI.DE Omega Ratio Rank: 36
10AI.DE Calmar Ratio Rank: 35
10AI.DE Martin Ratio Rank: 40

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.

H4ZZ.DE vs. 10AI.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) and Amundi Index MSCI Europe UCITS ETF DR EUR (D) (10AI.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.

	H4ZZ.DE	10AI.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.98	1.25	-0.27
Sortino ratio: Return per unit of downside risk	1.54	1.84	-0.31
Omega ratio: Gain probability vs. loss probability	1.18	1.24	-0.05
Calmar ratio: Return relative to maximum drawdown	1.43	1.69	-0.26
Martin ratio: Return relative to average drawdown	4.86	6.28	-1.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

H4ZZ.DE vs. 10AI.DE - Sharpe Ratio Comparison

The current H4ZZ.DE Sharpe Ratio is 0.98, which is comparable to the 10AI.DE Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of H4ZZ.DE and 10AI.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	H4ZZ.DE	10AI.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	1.25	-0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	0.61	+0.57

Drawdowns

H4ZZ.DE vs. 10AI.DE - Drawdown Comparison

The maximum H4ZZ.DE drawdown since its inception was -16.46%, smaller than the maximum 10AI.DE drawdown of -35.68%. Use the drawdown chart below to compare losses from any high point for H4ZZ.DE and 10AI.DE.

Drawdown Indicators

	H4ZZ.DE	10AI.DE	Difference
Max Drawdown Largest peak-to-trough decline	-16.46%	-35.68%	+19.22%
Max Drawdown (1Y) Largest decline over 1 year	-10.94%	-9.45%	-1.49%
Max Drawdown (3Y) Largest decline over 3 years	-16.46%	-16.63%	+0.17%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.53%	—
Current Drawdown Current decline from peak	-0.53%	-1.55%	+1.02%
Average Drawdown Average peak-to-trough decline	-2.68%	-4.88%	+2.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	2.55%	+0.68%

Volatility

H4ZZ.DE vs. 10AI.DE - Volatility Comparison

HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) has a higher volatility of 4.93% compared to Amundi Index MSCI Europe UCITS ETF DR EUR (D) (10AI.DE) at 4.22%. This indicates that H4ZZ.DE's price experiences larger fluctuations and is considered to be riskier than 10AI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	H4ZZ.DE	10AI.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.93%	4.22%	+0.71%
Volatility (6M) Calculated over the trailing 6-month period	12.97%	10.60%	+2.37%
Volatility (1Y) Calculated over the trailing 1-year period	15.97%	12.84%	+3.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.85%	14.22%	+1.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.85%	17.06%	-1.21%

H4ZZ.DE vs. 10AI.DE - Expense Ratio Comparison

H4ZZ.DE has a 0.05% expense ratio, which is lower than 10AI.DE's 0.15% 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

H4ZZ.DE vs. 10AI.DE - Dividend Comparison

H4ZZ.DE has not paid dividends to shareholders, while 10AI.DE's dividend yield for the trailing twelve months is around 2.34%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
10AI.DE Amundi Index MSCI Europe UCITS ETF DR EUR (D)	2.34%	2.51%	2.82%	2.77%	3.02%	2.17%	2.07%	3.17%	3.21%
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both H4ZZ.DE and 10AI.DE in my portfolio?

With a correlation of 0.95, H4ZZ.DE and 10AI.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.

Which ETF is better, H4ZZ.DE or 10AI.DE?

On fees, H4ZZ.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, H4ZZ.DE or 10AI.DE?

H4ZZ.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for 10AI.DE.

What is the main difference between H4ZZ.DE and 10AI.DE?

H4ZZ.DE tracks EURO STOXX 50, while 10AI.DE tracks MSCI Europe. They also come from different issuers: HSBC and Amundi. Their fees differ too: 0.05% for H4ZZ.DE and 0.15% for 10AI.DE.