H4ZZ.DE vs. D5BL.DE
H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) and D5BL.DE (Xtrackers MSCI Europe Value UCITS ETF) are both Europe Equities funds - H4ZZ.DE tracks the EURO STOXX 50 while D5BL.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 3 years, H4ZZ.DE returned 15.64%/yr vs 21.76%/yr for D5BL.DE. Their correlation of 0.86 suggests significant overlap in exposure. H4ZZ.DE charges 0.05%/yr vs 0.15%/yr for D5BL.DE.
Performance
H4ZZ.DE vs. D5BL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4ZZ.DE achieves a 7.20% return, which is significantly lower than D5BL.DE's 13.85% return.
H4ZZ.DE
- 1D
- 0.77%
- 1M
- 1.96%
- YTD
- 7.20%
- 6M
- 8.56%
- 1Y
- 15.62%
- 3Y*
- 15.64%
- 5Y*
- —
- 10Y*
- —
D5BL.DE
- 1D
- -0.38%
- 1M
- 2.55%
- YTD
- 13.85%
- 6M
- 17.04%
- 1Y
- 32.33%
- 3Y*
- 21.76%
- 5Y*
- 14.60%
- 10Y*
- 10.77%
H4ZZ.DE vs. D5BL.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% |
D5BL.DE Xtrackers MSCI Europe Value UCITS ETF | 13.85% | 35.78% | 10.37% | 14.14% | 4.13% |
Correlation
The correlation between H4ZZ.DE and D5BL.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 (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.86 |
The correlation between H4ZZ.DE and D5BL.DE has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.
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Return for Risk
H4ZZ.DE vs. D5BL.DE — Risk / Return Rank
H4ZZ.DE
D5BL.DE
H4ZZ.DE vs. D5BL.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 Xtrackers MSCI Europe Value UCITS ETF (D5BL.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 | D5BL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.42 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 3.28 | -1.85 |
| Martin ratioReturn relative to average drawdown | 4.86 | 12.52 | -7.66 |
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
| H4ZZ.DE | D5BL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 2.28 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.93 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.18 | 0.48 | +0.70 |
Drawdowns
H4ZZ.DE vs. D5BL.DE - Drawdown Comparison
The maximum H4ZZ.DE drawdown since its inception was -16.46%, smaller than the maximum D5BL.DE drawdown of -40.40%. Use the drawdown chart below to compare losses from any high point for H4ZZ.DE and D5BL.DE.
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Drawdown Indicators
| H4ZZ.DE | D5BL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.46% | -40.40% | +23.94% |
Max Drawdown (1Y)Largest decline over 1 year | -10.94% | -10.02% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -16.46% | -17.36% | +0.90% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.40% | — |
Current DrawdownCurrent decline from peak | -0.53% | -1.22% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -7.23% | +4.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 2.63% | +0.60% |
Volatility
H4ZZ.DE vs. D5BL.DE - Volatility Comparison
HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) and Xtrackers MSCI Europe Value UCITS ETF (D5BL.DE) have volatilities of 4.93% and 4.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H4ZZ.DE | D5BL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 4.83% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 12.97% | 11.54% | +1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.97% | 14.44% | +1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.85% | 15.59% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 17.76% | -1.91% |
H4ZZ.DE vs. D5BL.DE - Expense Ratio Comparison
H4ZZ.DE has a 0.05% expense ratio, which is lower than D5BL.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. D5BL.DE - Dividend Comparison
Neither H4ZZ.DE nor D5BL.DE has paid dividends to shareholders.
Frequently Asked Questions
H4ZZ.DE and D5BL.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 0.15% for D5BL.DE.
H4ZZ.DE tracks EURO STOXX 50, while D5BL.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: HSBC and Xtrackers. Their fees differ too: 0.05% for H4ZZ.DE and 0.15% for D5BL.DE.
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