H50E.L vs. EUE.L

Last updated Apr 2, 2026

Compare and contrast key facts about HSBC EURO STOXX 50 UCITS ETF (H50E.L) and iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUE.L).

H50E.L and EUE.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. H50E.L is a passively managed fund by HSBC that tracks the performance of the MSCI EMU NR EUR. It was launched on Oct 5, 2009. EUE.L is a passively managed fund by iShares that tracks the performance of the MSCI EMU NR EUR. It was launched on Apr 3, 2000. Both H50E.L and EUE.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

H50E.L vs. EUE.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 Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUE.L). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
H50E.L HSBC EURO STOXX 50 UCITS ETF	-0.76%	28.02%	6.20%	20.06%	-3.33%	15.58%	3.30%	21.72%	-10.53%	14.39%
EUE.L iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)	-0.75%	27.87%	6.16%	20.16%	-3.39%	15.38%	3.14%	21.68%	-10.63%	14.51%

Returns By Period

The year-to-date returns for both investments are quite close, with H50E.L having a -0.76% return and EUE.L slightly higher at -0.75%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: H50E.L at 11.05% and EUE.L at 11.05%.

H50E.L

• 1D: 2.82%
• 1M: -4.34%
• YTD: -0.76%
• 6M: 3.33%
• 1Y: 15.48%
• 3Y*: 12.85%
• 5Y*: 11.42%
• 10Y*: 11.05%

EUE.L

• 1D: 2.85%
• 1M: -4.45%
• YTD: -0.75%
• 6M: 3.47%
• 1Y: 15.31%
• 3Y*: 12.85%
• 5Y*: 11.39%
• 10Y*: 11.05%

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

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

H50E.L has a 0.25% expense ratio, which is higher than EUE.L's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

H50E.L

HSBC EURO STOXX 50 UCITS ETF

EUE.L

iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)

Return for Risk

H50E.L vs. EUE.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: 48
H50E.L Sharpe Ratio Rank: 50
H50E.L Sortino Ratio Rank: 47
H50E.L Omega Ratio Rank: 46
H50E.L Calmar Ratio Rank: 50
H50E.L Martin Ratio Rank: 50

EUE.L

EUE.L Risk / Return Rank: 47
EUE.L Sharpe Ratio Rank: 49
EUE.L Sortino Ratio Rank: 45
EUE.L Omega Ratio Rank: 44
EUE.L Calmar Ratio Rank: 49
EUE.L Martin Ratio Rank: 48

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. EUE.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 Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUE.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.L	EUE.L	Difference
Sharpe ratio Return per unit of total volatility	0.95	0.93	+0.02
Sortino ratio Return per unit of downside risk	1.34	1.32	+0.02
Omega ratio Gain probability vs. loss probability	1.19	1.18	+0.01
Calmar ratio Return relative to maximum drawdown	1.37	1.35	+0.03
Martin ratio Return relative to average drawdown	5.05	4.95	+0.10
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. EUE.L - Sharpe Ratio Comparison

The current H50E.L Sharpe Ratio is 0.95, which is comparable to the EUE.L Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of H50E.L and EUE.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	H50E.L	EUE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	0.93	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.66	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.62	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.26	+0.11

Correlation

The correlation between H50E.L and EUE.L is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

H50E.L vs. EUE.L - Dividend Comparison

H50E.L's dividend yield for the trailing twelve months is around 2.63%, more than EUE.L's 2.51% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
H50E.L HSBC EURO STOXX 50 UCITS ETF	2.63%	2.46%	2.98%	2.92%	2.77%	2.01%	2.05%	3.04%	3.50%	2.76%	2.79%	2.63%
EUE.L iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)	2.51%	2.46%	3.09%	3.00%	2.79%	2.10%	2.13%	3.20%	3.64%	2.84%	3.32%	2.85%

Drawdowns

H50E.L vs. EUE.L - Drawdown Comparison

The maximum H50E.L drawdown since its inception was -34.68%, smaller than the maximum EUE.L drawdown of -48.69%. Use the drawdown chart below to compare losses from any high point for H50E.L and EUE.L.

Drawdown Indicators

	H50E.L	EUE.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.68%	-48.69%	+14.01%
Max Drawdown (1Y) Largest decline over 1 year	-11.49%	-11.53%	+0.04%
Max Drawdown (5Y) Largest decline over 5 years	-21.72%	-21.94%	+0.22%
Max Drawdown (10Y) Largest decline over 10 years	-31.50%	-31.97%	+0.47%
Current Drawdown Current decline from peak	-7.28%	-7.34%	+0.06%
Average Drawdown Average peak-to-trough decline	-7.26%	-11.18%	+3.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	3.14%	-0.01%

Volatility

H50E.L vs. EUE.L - Volatility Comparison

HSBC EURO STOXX 50 UCITS ETF (H50E.L) and iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUE.L) have volatilities of 6.45% and 6.49%, 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.

Volatility by Period

	H50E.L	EUE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.45%	6.49%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	11.04%	11.09%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	16.31%	16.52%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.06%	17.28%	-0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.93%	17.85%	+0.08%