H4ZZ.DE vs. 540J.DE
H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) and 540J.DE (Amundi MSCI Switzerland UCITS ETF EUR) are both Europe Equities funds - H4ZZ.DE tracks the EURO STOXX 50 while 540J.DE tracks the MSCI Switzerland. Both are passively managed. Over the past year, H4ZZ.DE returned 22.41% vs 23.68% for 540J.DE. A 0.56 correlation means they provide meaningful diversification when combined. H4ZZ.DE charges 0.05%/yr vs 0.25%/yr for 540J.DE.
Performance
H4ZZ.DE vs. 540J.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with H4ZZ.DE having a 10.19% return and 540J.DE slightly higher at 10.20%.
H4ZZ.DE
- 1D
- 0.79%
- 1M
- 3.49%
- YTD
- 10.19%
- 6M
- 11.16%
- 1Y
- 22.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
540J.DE
- 1D
- 0.64%
- 1M
- 4.24%
- YTD
- 10.20%
- 6M
- 10.20%
- 1Y
- 23.68%
- 3Y*
- 12.11%
- 5Y*
- 8.21%
- 10Y*
- 9.92%
H4ZZ.DE vs. 540J.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 10.19% | 22.35% | -2.42% |
540J.DE Amundi MSCI Switzerland UCITS ETF EUR | 10.20% | 18.39% | 0.28% |
Correlation
The correlation between H4ZZ.DE and 540J.DE is 0.51, 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 | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024 | 0.56 |
The correlation between H4ZZ.DE and 540J.DE has been stable across timeframes, ranging from 0.51 to 0.56 - a consistent structural relationship.
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Return for Risk
H4ZZ.DE vs. 540J.DE — Risk / Return Rank
H4ZZ.DE
540J.DE
H4ZZ.DE vs. 540J.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 MSCI Switzerland UCITS ETF EUR (540J.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| H4ZZ.DE | 540J.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.31 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 1.97 | +0.07 |
| Martin ratioReturn relative to average drawdown | 7.07 | 6.92 | +0.15 |
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Drawdowns
H4ZZ.DE vs. 540J.DE - Drawdown Comparison
The maximum H4ZZ.DE drawdown since its inception was -16.46%, smaller than the maximum 540J.DE drawdown of -26.00%. Use the drawdown chart below to compare losses from any high point for H4ZZ.DE and 540J.DE.
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Drawdown Indicators
| H4ZZ.DE | 540J.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.46% | -26.00% | +9.54% |
Max Drawdown (1Y)Largest decline over 1 year | -10.94% | -11.98% | +1.04% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.78% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.00% | — |
Current DrawdownCurrent decline from peak | -0.83% | 0.00% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -2.66% | -5.64% | +2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 3.41% | -0.25% |
Volatility
H4ZZ.DE vs. 540J.DE - Volatility Comparison
The current volatility for HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) is 3.53%, while Amundi MSCI Switzerland UCITS ETF EUR (540J.DE) has a volatility of 4.55%. This indicates that H4ZZ.DE experiences smaller price fluctuations and is considered to be less risky than 540J.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H4ZZ.DE | 540J.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.53% | 4.55% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 13.18% | 10.94% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 13.73% | +2.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 13.64% | +3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 14.06% | +2.75% |
H4ZZ.DE vs. 540J.DE - Expense Ratio Comparison
H4ZZ.DE has a 0.05% expense ratio, which is lower than 540J.DE's 0.25% 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. 540J.DE - Dividend Comparison
Neither H4ZZ.DE nor 540J.DE has paid dividends to shareholders.
Frequently Asked Questions
H4ZZ.DE and 540J.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
H4ZZ.DE is cheaper with a 0.05% expense ratio, compared with 0.25% for 540J.DE.
H4ZZ.DE tracks EURO STOXX 50, while 540J.DE tracks MSCI Switzerland. They also come from different issuers: HSBC and Amundi. Their fees differ too: 0.05% for H4ZZ.DE and 0.25% for 540J.DE.
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