H4ZZ.DE vs. XB4A.DE
H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) and XB4A.DE (Xtrackers ATX UCITS ETF (Acc)) are both Europe Equities funds - H4ZZ.DE tracks the EURO STOXX 50 while XB4A.DE tracks the ATX Index. Both are passively managed. Over the past year, H4ZZ.DE returned 20.11% vs 48.60% for XB4A.DE. A 0.74 correlation means they provide meaningful diversification when combined. H4ZZ.DE charges 0.05%/yr vs 0.25%/yr for XB4A.DE.
Performance
H4ZZ.DE vs. XB4A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H4ZZ.DE achieves a 10.36% return, which is significantly lower than XB4A.DE's 24.81% return.
H4ZZ.DE
- 1D
- -0.19%
- 1M
- 0.80%
- 6M
- 6.42%
- YTD
- 10.36%
- 1Y
- 20.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XB4A.DE
- 1D
- -0.62%
- 1M
- 1.14%
- 6M
- 22.10%
- YTD
- 24.81%
- 1Y
- 48.60%
- 3Y*
- 31.52%
- 5Y*
- 18.18%
- 10Y*
- 14.71%
H4ZZ.DE vs. XB4A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 10.36% | 22.35% | -2.42% |
XB4A.DE Xtrackers ATX UCITS ETF (Acc) | 24.81% | 51.29% | 0.11% |
Correlation
The correlation between H4ZZ.DE and XB4A.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 XB4A.DE has been stable across timeframes, ranging from 0.74 to 0.75 - a consistent structural relationship.
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Return for Risk
H4ZZ.DE vs. XB4A.DE — Risk / Return Rank
H4ZZ.DE
XB4A.DE
H4ZZ.DE vs. XB4A.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 ATX UCITS ETF (Acc) (XB4A.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 | XB4A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.46 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 4.44 | -2.61 |
| Martin ratioReturn relative to average drawdown | 6.40 | 15.07 | -8.66 |
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Drawdowns
H4ZZ.DE vs. XB4A.DE - Drawdown Comparison
The maximum H4ZZ.DE drawdown since its inception was -16.46%, smaller than the maximum XB4A.DE drawdown of -53.54%. Use the drawdown chart below to compare losses from any high point for H4ZZ.DE and XB4A.DE.
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Drawdown Indicators
| H4ZZ.DE | XB4A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.46% | -53.54% | +37.08% |
Max Drawdown (1Y)Largest decline over 1 year | -10.94% | -10.88% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.26% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.54% | — |
Current DrawdownCurrent decline from peak | -2.21% | -1.85% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -9.88% | +7.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 3.22% | -0.09% |
Volatility
H4ZZ.DE vs. XB4A.DE - Volatility Comparison
The current volatility for HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) is 4.01%, while Xtrackers ATX UCITS ETF (Acc) (XB4A.DE) has a volatility of 5.22%. This indicates that H4ZZ.DE experiences smaller price fluctuations and is considered to be less risky than XB4A.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 | XB4A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.01% | 5.22% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 13.41% | 14.88% | -1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.07% | 17.61% | -1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.76% | 19.15% | -2.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 20.15% | -3.39% |
H4ZZ.DE vs. XB4A.DE - Expense Ratio Comparison
H4ZZ.DE has a 0.05% expense ratio, which is lower than XB4A.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. XB4A.DE - Dividend Comparison
Neither H4ZZ.DE nor XB4A.DE has paid dividends to shareholders.
Frequently Asked Questions
H4ZZ.DE and XB4A.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.
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 XB4A.DE.
H4ZZ.DE tracks EURO STOXX 50, while XB4A.DE tracks ATX Index. They also come from different issuers: HSBC and Xtrackers. Their fees differ too: 0.05% for H4ZZ.DE and 0.25% for XB4A.DE.
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