H4ZZ.DE vs. LYY7.DE
H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) and LYY7.DE (Amundi Dax III UCITS ETF Acc) are both Europe Equities funds - H4ZZ.DE tracks the EURO STOXX 50 while LYY7.DE tracks the DAX®. Both are passively managed. Over the past 3 years, H4ZZ.DE returned 15.64%/yr vs 15.46%/yr for LYY7.DE. Their correlation of 0.93 suggests significant overlap in exposure. H4ZZ.DE charges 0.05%/yr vs 0.15%/yr for LYY7.DE.
Performance
H4ZZ.DE vs. LYY7.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 higher than LYY7.DE's 1.32% return.
H4ZZ.DE
- 1D
- 0.77%
- 1M
- 1.96%
- YTD
- 7.20%
- 6M
- 8.56%
- 1Y
- 15.62%
- 3Y*
- 15.64%
- 5Y*
- —
- 10Y*
- —
LYY7.DE
- 1D
- 0.49%
- 1M
- -0.07%
- YTD
- 1.32%
- 6M
- 3.35%
- 1Y
- 1.98%
- 3Y*
- 15.46%
- 5Y*
- 9.09%
- 10Y*
- 8.86%
H4ZZ.DE vs. LYY7.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% |
LYY7.DE Amundi Dax III UCITS ETF Acc | 1.32% | 22.58% | 18.16% | 19.56% | 7.75% |
Correlation
The correlation between H4ZZ.DE and LYY7.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.93 |
The correlation between H4ZZ.DE and LYY7.DE has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
H4ZZ.DE vs. LYY7.DE — Risk / Return Rank
H4ZZ.DE
LYY7.DE
H4ZZ.DE vs. LYY7.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 Dax III UCITS ETF Acc (LYY7.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 | LYY7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.04 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 0.18 | +1.25 |
| Martin ratioReturn relative to average drawdown | 4.86 | 0.56 | +4.30 |
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 | LYY7.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.14 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.52 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.18 | 0.35 | +0.83 |
Drawdowns
H4ZZ.DE vs. LYY7.DE - Drawdown Comparison
The maximum H4ZZ.DE drawdown since its inception was -16.46%, smaller than the maximum LYY7.DE drawdown of -55.24%. Use the drawdown chart below to compare losses from any high point for H4ZZ.DE and LYY7.DE.
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Drawdown Indicators
| H4ZZ.DE | LYY7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.46% | -55.24% | +38.78% |
Max Drawdown (1Y)Largest decline over 1 year | -10.94% | -12.31% | +1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -16.46% | -15.92% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.71% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.74% | — |
Current DrawdownCurrent decline from peak | -0.53% | -2.28% | +1.75% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -11.37% | +8.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 3.99% | -0.76% |
Volatility
H4ZZ.DE vs. LYY7.DE - Volatility Comparison
HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) and Amundi Dax III UCITS ETF Acc (LYY7.DE) have volatilities of 4.93% and 5.09%, 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 | LYY7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 5.09% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 12.97% | 12.96% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.97% | 16.09% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.85% | 17.18% | -1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 18.35% | -2.50% |
H4ZZ.DE vs. LYY7.DE - Expense Ratio Comparison
H4ZZ.DE has a 0.05% expense ratio, which is lower than LYY7.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. LYY7.DE - Dividend Comparison
Neither H4ZZ.DE nor LYY7.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, H4ZZ.DE and LYY7.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.
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 LYY7.DE.
H4ZZ.DE tracks EURO STOXX 50, while LYY7.DE tracks DAX®. They also come from different issuers: HSBC and Amundi. Their fees differ too: 0.05% for H4ZZ.DE and 0.15% for LYY7.DE.
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