H4ZZ.DE vs. SXR7.DE
H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) and SXR7.DE (iShares Core MSCI EMU UCITS ETF EUR (Acc)) are both Europe Equities funds - H4ZZ.DE tracks the EURO STOXX 50 while SXR7.DE tracks the MSCI EMU. Both are passively managed. Over the past 3 years, H4ZZ.DE returned 15.64%/yr vs 16.10%/yr for SXR7.DE. With a 0.99 correlation, they move nearly in lockstep. H4ZZ.DE charges 0.05%/yr vs 0.12%/yr for SXR7.DE.
Performance
H4ZZ.DE vs. SXR7.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 SXR7.DE's 8.77% return.
H4ZZ.DE
- 1D
- 0.77%
- 1M
- 1.96%
- YTD
- 7.20%
- 6M
- 8.56%
- 1Y
- 15.62%
- 3Y*
- 15.64%
- 5Y*
- —
- 10Y*
- —
SXR7.DE
- 1D
- 0.57%
- 1M
- 2.06%
- YTD
- 8.77%
- 6M
- 10.62%
- 1Y
- 17.64%
- 3Y*
- 16.10%
- 5Y*
- 10.63%
- 10Y*
- 10.03%
H4ZZ.DE vs. SXR7.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% |
SXR7.DE iShares Core MSCI EMU UCITS ETF EUR (Acc) | 8.77% | 24.84% | 9.37% | 18.88% | 6.81% |
Correlation
The correlation between H4ZZ.DE and SXR7.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.99 |
The correlation between H4ZZ.DE and SXR7.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
H4ZZ.DE vs. SXR7.DE — Risk / Return Rank
H4ZZ.DE
SXR7.DE
H4ZZ.DE vs. SXR7.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 Core MSCI EMU UCITS ETF EUR (Acc) (SXR7.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 | SXR7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 1.76 | -0.33 |
| Martin ratioReturn relative to average drawdown | 4.86 | 6.42 | -1.56 |
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 | SXR7.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.23 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.18 | 0.46 | +0.71 |
Drawdowns
H4ZZ.DE vs. SXR7.DE - Drawdown Comparison
The maximum H4ZZ.DE drawdown since its inception was -16.46%, smaller than the maximum SXR7.DE drawdown of -38.17%. Use the drawdown chart below to compare losses from any high point for H4ZZ.DE and SXR7.DE.
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Drawdown Indicators
| H4ZZ.DE | SXR7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.46% | -38.17% | +21.71% |
Max Drawdown (1Y)Largest decline over 1 year | -10.94% | -10.21% | -0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -16.46% | -15.12% | -1.34% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.49% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.17% | — |
Current DrawdownCurrent decline from peak | -0.53% | -0.50% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -6.65% | +3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 2.80% | +0.43% |
Volatility
H4ZZ.DE vs. SXR7.DE - Volatility Comparison
HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) has a higher volatility of 4.93% compared to iShares Core MSCI EMU UCITS ETF EUR (Acc) (SXR7.DE) at 4.57%. This indicates that H4ZZ.DE's price experiences larger fluctuations and is considered to be riskier than SXR7.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 | SXR7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 4.57% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 12.97% | 11.91% | +1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.97% | 14.55% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.85% | 16.17% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 17.02% | -1.17% |
H4ZZ.DE vs. SXR7.DE - Expense Ratio Comparison
H4ZZ.DE has a 0.05% expense ratio, which is lower than SXR7.DE's 0.12% 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. SXR7.DE - Dividend Comparison
Neither H4ZZ.DE nor SXR7.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, H4ZZ.DE and SXR7.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 0.12% for SXR7.DE.
H4ZZ.DE tracks EURO STOXX 50, while SXR7.DE tracks MSCI EMU. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.05% for H4ZZ.DE and 0.12% for SXR7.DE.
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