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H50E.L vs. CMB1.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

H50E.L vs. CMB1.L

Last updated Jun 5, 2026

H50E.L (HSBC EURO STOXX 50 UCITS ETF) and CMB1.L (iShares FTSE MIB UCITS ETF (Acc)) are both Europe Equities funds - H50E.L tracks the MSCI EMU NR EUR while CMB1.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 10 years, H50E.L returned 11.61%/yr vs 16.09%/yr for CMB1.L. A 0.74 correlation means they provide meaningful diversification when combined. H50E.L charges 0.25%/yr vs 0.33%/yr for CMB1.L.

Performance

H50E.L vs. CMB1.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC EURO STOXX 50 UCITS ETF (H50E.L) and iShares FTSE MIB UCITS ETF (Acc) (CMB1.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, H50E.L achieves a 6.58% return, which is significantly lower than CMB1.L's 13.66% return. Over the past 10 years, H50E.L has underperformed CMB1.L with an annualized return of 11.61%, while CMB1.L has yielded a comparatively higher 16.09% annualized return.

H50E.L

1D
0.97%
1M
5.00%
YTD
6.58%
6M
7.69%
1Y
18.97%
3Y*
15.76%
5Y*
11.75%
10Y*
11.61%

CMB1.L

1D
0.08%
1M
5.18%
YTD
13.66%
6M
17.10%
1Y
34.20%
3Y*
29.03%
5Y*
19.92%
10Y*
16.09%
*Multi-year figures are annualized to reflect compound growth (CAGR)

H50E.L vs. CMB1.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
H50E.L
HSBC EURO STOXX 50 UCITS ETF		6.58%28.02%6.20%20.06%-3.33%15.58%3.30%21.72%-10.53%14.39%
CMB1.L
iShares FTSE MIB UCITS ETF (Acc)		13.66%43.83%13.25%30.68%-3.56%18.29%1.52%24.83%-12.74%21.01%

Correlation

The correlation between H50E.L and CMB1.L is 0.83, 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

0.83

Correlation (3Y)
Calculated over the trailing 3-year period

0.85

Correlation (5Y)
Calculated over the trailing 5-year period

0.86

Correlation (10Y)
Calculated over the trailing 10-year period

0.86

Correlation (All Time)
Calculated using the full available price history since Sep 16, 2010

0.74

The correlation between H50E.L and CMB1.L shifts across timeframes, from 0.74 (all time) to 0.86 (5 years), reflecting how their relationship changes across market environments.

H50E.L vs. CMB1.L - Sectors Allocation Comparison

Sectors
H50E.L
CMB1.L

Financial Services

24.8%
45.1%

Industrials

21.5%
10.8%

Technology

17.9%
4.6%

Consumer Cyclical

9.7%
10.0%

Consumer Defensive

5.4%
0.5%

Healthcare

5.2%
1.1%

Energy

5.0%
8.8%

Utilities

4.6%
17.2%

Basic Materials

3.5%
0.6%

Communication Services

2.4%
1.1%

Real Estate

-

0.3%

Financial Services

H50E.L
24.8%
CMB1.L
45.1%

Industrials

H50E.L
21.5%
CMB1.L
10.8%

Technology

H50E.L
17.9%
CMB1.L
4.6%

Consumer Cyclical

H50E.L
9.7%
CMB1.L
10.0%

Consumer Defensive

H50E.L
5.4%
CMB1.L
0.5%

Healthcare

H50E.L
5.2%
CMB1.L
1.1%

Energy

H50E.L
5.0%
CMB1.L
8.8%

Utilities

H50E.L
4.6%
CMB1.L
17.2%

Basic Materials

H50E.L
3.5%
CMB1.L
0.6%

Communication Services

H50E.L
2.4%
CMB1.L
1.1%

Real Estate

H50E.L

-

CMB1.L
0.3%

Compare stocks, funds, or ETFs

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HSBC EURO STOXX 50 UCITS ETF

iShares FTSE MIB UCITS ETF (Acc)

Often compared with H50E.L:
H50E.L vs. HMEU.LH50E.L vs. SPX5.LH50E.L vs. JREE.DEH50E.L vs. EUHD.LH50E.L vs. EUE.LH50E.L vs. SPYH50E.L vs. EQQQ.L
Often compared with CMB1.L:
CMB1.L vs. XDEM.LCMB1.L vs. IITU.LCMB1.L vs. SPYCMB1.L vs. X7PP.LCMB1.L vs. IQSA.LCMB1.L vs. EQQQ.LCMB1.L vs. XMBR.L

Return for Risk

H50E.L vs. CMB1.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
H50E.L
H50E.L Risk / Return Rank: 3636
Overall Rank
H50E.L Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
H50E.L Sortino Ratio Rank: 3737
Sortino Ratio Rank
H50E.L Omega Ratio Rank: 3636
Omega Ratio Rank
H50E.L Calmar Ratio Rank: 3434
Calmar Ratio Rank
H50E.L Martin Ratio Rank: 3636
Martin Ratio Rank
CMB1.L
CMB1.L Risk / Return Rank: 6868
Overall Rank
CMB1.L Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
CMB1.L Sortino Ratio Rank: 6868
Sortino Ratio Rank
CMB1.L Omega Ratio Rank: 6767
Omega Ratio Rank
CMB1.L Calmar Ratio Rank: 6767
Calmar Ratio Rank
CMB1.L Martin Ratio Rank: 6767
Martin Ratio Rank
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.

H50E.L vs. CMB1.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC EURO STOXX 50 UCITS ETF (H50E.L) and iShares FTSE MIB UCITS ETF (Acc) (CMB1.L). 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.

H50E.LCMB1.LDifference
Sharpe ratioReturn per unit of total volatility
1.25
2.26

-1.01

Sortino ratioReturn per unit of downside risk
1.87
3.08

-1.21

Omega ratioGain probability vs. loss probability

1.23

1.40

-0.16

Calmar ratioReturn relative to maximum drawdown

1.64

3.30

-1.66

Martin ratioReturn relative to average drawdown

5.52

12.03

-6.51

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

H50E.L vs. CMB1.L - Sharpe Ratio Comparison

The current H50E.L Sharpe Ratio is 1.25, which is lower than the CMB1.L Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of H50E.L and CMB1.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

H50E.LCMB1.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.25

2.26

-1.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

1.11

-0.42

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.65

0.82

-0.17

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

0.47

-0.08

Drawdowns

H50E.L vs. CMB1.L - Drawdown Comparison

The maximum H50E.L drawdown since its inception was -34.68%, smaller than the maximum CMB1.L drawdown of -47.37%. Use the drawdown chart below to compare losses from any high point for H50E.L and CMB1.L.

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Drawdown Indicators

H50E.LCMB1.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.68%

-47.37%

+12.69%

Max Drawdown (1Y)

Largest decline over 1 year

-11.49%

-10.32%

-1.17%

Max Drawdown (3Y)

Largest decline over 3 years

-14.20%

-15.62%

+1.42%

Max Drawdown (5Y)

Largest decline over 5 years

-21.72%

-24.19%

+2.47%

Max Drawdown (10Y)

Largest decline over 10 years

-31.50%

-36.61%

+5.11%

Current Drawdown

Current decline from peak

-0.42%

-0.63%

+0.21%

Average Drawdown

Average peak-to-trough decline

-7.22%

-8.80%

+1.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.43%

2.84%

+0.59%

Volatility

H50E.L vs. CMB1.L - Volatility Comparison

HSBC EURO STOXX 50 UCITS ETF (H50E.L) has a higher volatility of 4.79% compared to iShares FTSE MIB UCITS ETF (Acc) (CMB1.L) at 4.47%. This indicates that H50E.L's price experiences larger fluctuations and is considered to be riskier than CMB1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

H50E.LCMB1.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.79%

4.47%

+0.32%

Volatility (6M)

Calculated over the trailing 6-month period

12.32%

12.15%

+0.17%

Volatility (1Y)

Calculated over the trailing 1-year period

15.11%

15.06%

+0.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.19%

18.00%

-0.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.99%

19.52%

-1.53%

H50E.L vs. CMB1.L - Expense Ratio Comparison

H50E.L has a 0.25% expense ratio, which is lower than CMB1.L's 0.33% expense ratio.

Dividends

H50E.L vs. CMB1.L - Dividend Comparison

H50E.L's dividend yield for the trailing twelve months is around 2.45%, while CMB1.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
CMB1.L
iShares FTSE MIB UCITS ETF (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%
H50E.L
HSBC EURO STOXX 50 UCITS ETF		2.45%2.46%2.98%2.92%2.77%2.01%2.05%3.04%3.50%2.76%2.79%2.63%

Frequently Asked Questions

H50E.L and CMB1.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, H50E.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

H50E.L is cheaper with a 0.25% expense ratio, compared with 0.33% for CMB1.L.

H50E.L tracks MSCI EMU NR EUR, while CMB1.L tracks FTSE Italia AllShare TR EUR. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.25% for H50E.L and 0.33% for CMB1.L.

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