H4ZZ.DE vs. EXXX.DE

Last updated Jul 16, 2026

H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) and EXXX.DE (iShares ATX UCITS ETF (DE)) are both Europe Equities funds - H4ZZ.DE tracks the EURO STOXX 50 while EXXX.DE tracks the ATX Index. Both are passively managed. Over the past year, H4ZZ.DE returned 20.11% vs 48.74% for EXXX.DE. A 0.74 correlation means they provide meaningful diversification when combined. H4ZZ.DE charges 0.05%/yr vs 0.32%/yr for EXXX.DE.

Performance

H4ZZ.DE vs. EXXX.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 iShares ATX UCITS ETF (DE) (EXXX.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, H4ZZ.DE achieves a 10.36% return, which is significantly lower than EXXX.DE's 24.87% return.

H4ZZ.DE

• 1D: -0.19%
• 1M: 0.80%
• 6M: 6.42%
• YTD: 10.36%
• 1Y: 20.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EXXX.DE

• 1D: -0.33%
• 1M: 1.29%
• 6M: 22.20%
• YTD: 24.87%
• 1Y: 48.74%
• 3Y*: 31.23%
• 5Y*: 17.90%
• 10Y*: 14.37%

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

H4ZZ.DE vs. EXXX.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)	10.36%	22.35%	-2.42%
EXXX.DE iShares ATX UCITS ETF (DE)	24.87%	51.31%	-0.35%

Correlation

The correlation between H4ZZ.DE and EXXX.DE is 0.75, 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	0.75
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024	0.74

The correlation between H4ZZ.DE and EXXX.DE has been stable across timeframes, ranging from 0.74 to 0.75 - a consistent structural relationship.

Return for Risk

H4ZZ.DE vs. EXXX.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: 43
H4ZZ.DE Sharpe Ratio Rank: 42
H4ZZ.DE Sortino Ratio Rank: 44
H4ZZ.DE Omega Ratio Rank: 42
H4ZZ.DE Calmar Ratio Rank: 43
H4ZZ.DE Martin Ratio Rank: 46

EXXX.DE

EXXX.DE Risk / Return Rank: 91
EXXX.DE Sharpe Ratio Rank: 94
EXXX.DE Sortino Ratio Rank: 94
EXXX.DE Omega Ratio Rank: 90
EXXX.DE Calmar Ratio Rank: 91
EXXX.DE Martin Ratio Rank: 88

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. EXXX.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 ATX UCITS ETF (DE) (EXXX.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	EXXX.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.25	2.78	-1.53
Sortino ratio: Return per unit of downside risk	1.90	3.90	-2.00
Omega ratio: Gain probability vs. loss probability	1.23	1.47	-0.24
Calmar ratio: Return relative to maximum drawdown	1.83	4.53	-2.70
Martin ratio: Return relative to average drawdown	6.40	15.24	-8.84

H4ZZ.DE vs. EXXX.DE - Sharpe Ratio Comparison

The current H4ZZ.DE Sharpe Ratio is 1.25, which is lower than the EXXX.DE Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of H4ZZ.DE and EXXX.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.

Drawdowns

H4ZZ.DE vs. EXXX.DE - Drawdown Comparison

The maximum H4ZZ.DE drawdown since its inception was -16.46%, smaller than the maximum EXXX.DE drawdown of -71.43%. Use the drawdown chart below to compare losses from any high point for H4ZZ.DE and EXXX.DE.

Drawdown Indicators

	H4ZZ.DE	EXXX.DE	Difference
Max Drawdown Largest peak-to-trough decline	-16.46%	-71.43%	+54.97%
Max Drawdown (1Y) Largest decline over 1 year	-10.94%	-10.71%	-0.23%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.11%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.69%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-52.90%	—
Current Drawdown Current decline from peak	-2.21%	-1.64%	-0.57%
Average Drawdown Average peak-to-trough decline	-2.63%	-28.46%	+25.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	3.19%	-0.06%

Volatility

H4ZZ.DE vs. EXXX.DE - Volatility Comparison

The current volatility for HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) is 4.01%, while iShares ATX UCITS ETF (DE) (EXXX.DE) has a volatility of 5.00%. This indicates that H4ZZ.DE experiences smaller price fluctuations and is considered to be less risky than EXXX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	H4ZZ.DE	EXXX.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.01%	5.00%	-0.99%
Volatility (6M) Calculated over the trailing 6-month period	13.41%	14.65%	-1.24%
Volatility (1Y) Calculated over the trailing 1-year period	16.07%	17.46%	-1.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.76%	19.14%	-2.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.76%	19.93%	-3.17%

H4ZZ.DE vs. EXXX.DE - Expense Ratio Comparison

H4ZZ.DE has a 0.05% expense ratio, which is lower than EXXX.DE's 0.32% expense ratio.

Dividends

H4ZZ.DE vs. EXXX.DE - Dividend Comparison

H4ZZ.DE has not paid dividends to shareholders, while EXXX.DE's dividend yield for the trailing twelve months is around 2.95%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EXXX.DE iShares ATX UCITS ETF (DE)	2.95%	2.53%	4.30%	3.53%	3.61%	1.04%	1.18%	1.73%	0.48%	0.65%	1.08%	1.65%
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%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

H4ZZ.DE and EXXX.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, H4ZZ.DE or EXXX.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 EXXX.DE?

H4ZZ.DE is cheaper with a 0.05% expense ratio, compared with 0.32% for EXXX.DE.

What is the main difference between H4ZZ.DE and EXXX.DE?

H4ZZ.DE tracks EURO STOXX 50, while EXXX.DE tracks ATX Index. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.05% for H4ZZ.DE and 0.32% for EXXX.DE.