H4ZZ.DE vs. CEMQ.DE
H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) and CEMQ.DE (iShares Edge MSCI Europe Quality Factor UCITS ETF) are both Europe Equities funds - H4ZZ.DE tracks the EURO STOXX 50 while CEMQ.DE tracks the MSCI Europe Sector Neutral Quality. Both are passively managed. Over the past year, H4ZZ.DE returned 22.41% vs 14.07% for CEMQ.DE. Their correlation of 0.85 suggests significant overlap in exposure. H4ZZ.DE charges 0.05%/yr vs 0.25%/yr for CEMQ.DE.
Performance
H4ZZ.DE vs. CEMQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4ZZ.DE achieves a 10.19% return, which is significantly higher than CEMQ.DE's 7.72% return.
H4ZZ.DE
- 1D
- 0.79%
- 1M
- 3.49%
- YTD
- 10.19%
- 6M
- 11.16%
- 1Y
- 22.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CEMQ.DE
- 1D
- 0.76%
- 1M
- 2.13%
- YTD
- 7.72%
- 6M
- 8.21%
- 1Y
- 14.07%
- 3Y*
- 9.66%
- 5Y*
- 6.23%
- 10Y*
- 9.22%
H4ZZ.DE vs. CEMQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 10.19% | 22.35% | -2.42% |
CEMQ.DE iShares Edge MSCI Europe Quality Factor UCITS ETF | 7.72% | 10.19% | -3.53% |
Correlation
The correlation between H4ZZ.DE and CEMQ.DE is 0.84, 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 | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024 | 0.85 |
The correlation between H4ZZ.DE and CEMQ.DE has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.
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Return for Risk
H4ZZ.DE vs. CEMQ.DE — Risk / Return Rank
H4ZZ.DE
CEMQ.DE
H4ZZ.DE vs. CEMQ.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 iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.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 | CEMQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.21 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 1.67 | +0.37 |
| Martin ratioReturn relative to average drawdown | 7.07 | 5.35 | +1.72 |
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Drawdowns
H4ZZ.DE vs. CEMQ.DE - Drawdown Comparison
The maximum H4ZZ.DE drawdown since its inception was -16.46%, smaller than the maximum CEMQ.DE drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for H4ZZ.DE and CEMQ.DE.
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Drawdown Indicators
| H4ZZ.DE | CEMQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.46% | -33.76% | +17.30% |
Max Drawdown (1Y)Largest decline over 1 year | -10.94% | -8.38% | -2.56% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.96% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.76% | — |
Current DrawdownCurrent decline from peak | -0.83% | 0.00% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -2.66% | -5.33% | +2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 2.63% | +0.53% |
Volatility
H4ZZ.DE vs. CEMQ.DE - Volatility Comparison
HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) has a higher volatility of 3.53% compared to iShares Edge MSCI Europe Quality Factor UCITS ETF (CEMQ.DE) at 2.85%. This indicates that H4ZZ.DE's price experiences larger fluctuations and is considered to be riskier than CEMQ.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 | CEMQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.53% | 2.85% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 13.18% | 9.70% | +3.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 12.05% | +3.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 14.04% | +2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 14.81% | +2.00% |
H4ZZ.DE vs. CEMQ.DE - Expense Ratio Comparison
H4ZZ.DE has a 0.05% expense ratio, which is lower than CEMQ.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. CEMQ.DE - Dividend Comparison
Neither H4ZZ.DE nor CEMQ.DE has paid dividends to shareholders.
Frequently Asked Questions
H4ZZ.DE and CEMQ.DE have a correlation of 0.84, 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 CEMQ.DE.
H4ZZ.DE tracks EURO STOXX 50, while CEMQ.DE tracks MSCI Europe Sector Neutral Quality. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.05% for H4ZZ.DE and 0.25% for CEMQ.DE.
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