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

H50E.L vs. EUSC

Last updated Jun 5, 2026

H50E.L (HSBC EURO STOXX 50 UCITS ETF) and EUSC (WisdomTree Europe Hedged SmallCap Equity Fund) are both Europe Equities funds - H50E.L tracks the MSCI EMU NR EUR while EUSC tracks the WisdomTree Europe Hedged SmallCap Equity Index. Both are passively managed. At a correlation of -0.50, they often move in opposite directions. H50E.L charges 0.25%/yr vs 0.58%/yr for EUSC.

Performance

H50E.L vs. EUSC - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC EURO STOXX 50 UCITS ETF (H50E.L) and WisdomTree Europe Hedged SmallCap Equity Fund (EUSC). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

H50E.L is traded in GBp, while EUSC is traded in USD. To make them comparable, the EUSC values have been converted to GBp using the latest available exchange rates.

Returns By Period

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%

EUSC

1D
0.00%
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

H50E.L vs. EUSC - Yearly Performance Comparison

2026 (YTD)
H50E.L
HSBC EURO STOXX 50 UCITS ETF		0.59%
EUSC
WisdomTree Europe Hedged SmallCap Equity Fund		0.20%

Correlation

The correlation between H50E.L and EUSC is -0.50, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (All Time)
Calculated using the full available price history since May 29, 2026

-0.50

H50E.L vs. EUSC - Sectors Allocation Comparison

Sectors
H50E.L
EUSC

Financial Services

24.8%
28.4%

Industrials

21.5%
20.1%

Technology

17.9%
4.4%

Consumer Cyclical

9.7%
9.1%

Consumer Defensive

5.4%
4.1%

Healthcare

5.2%
2.9%

Energy

5.0%
3.7%

Utilities

4.6%
6.5%

Basic Materials

3.5%
6.5%

Communication Services

2.4%
5.0%

Real Estate

-

9.3%

Financial Services

H50E.L
24.8%
EUSC
28.4%

Industrials

H50E.L
21.5%
EUSC
20.1%

Technology

H50E.L
17.9%
EUSC
4.4%

Consumer Cyclical

H50E.L
9.7%
EUSC
9.1%

Consumer Defensive

H50E.L
5.4%
EUSC
4.1%

Healthcare

H50E.L
5.2%
EUSC
2.9%

Energy

H50E.L
5.0%
EUSC
3.7%

Utilities

H50E.L
4.6%
EUSC
6.5%

Basic Materials

H50E.L
3.5%
EUSC
6.5%

Communication Services

H50E.L
2.4%
EUSC
5.0%

Real Estate

H50E.L

-

EUSC
9.3%

Compare stocks, funds, or ETFs

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HSBC EURO STOXX 50 UCITS ETF

WisdomTree Europe Hedged SmallCap Equity Fund

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 EUSC:
EUSC vs. VGKEUSC vs. IXUSEUSC vs. IEUSEUSC vs. SYLDEUSC vs. IEUREUSC vs. FEZEUSC vs. AVDV

Return for Risk

H50E.L vs. EUSC — 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
EUSC
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. EUSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC EURO STOXX 50 UCITS ETF (H50E.L) and WisdomTree Europe Hedged SmallCap Equity Fund (EUSC). 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.LEUSCDifference
Sharpe ratioReturn per unit of total volatility
1.25

—

—

Sortino ratioReturn per unit of downside risk
1.87

—

—

Omega ratioGain probability vs. loss probability

1.23

—

—

Calmar ratioReturn relative to maximum drawdown

1.64

—

—

Martin ratioReturn relative to average drawdown

5.52

—

—

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. EUSC - Sharpe Ratio Comparison

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Sharpe Ratios by Period

H50E.LEUSCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.25

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.65

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

4.11

-3.72

Drawdowns

H50E.L vs. EUSC - Drawdown Comparison

The maximum H50E.L drawdown since its inception was -34.68%, which is greater than EUSC's maximum drawdown of -0.16%. Use the drawdown chart below to compare losses from any high point for H50E.L and EUSC.

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Drawdown Indicators

H50E.LEUSCDifference

Max Drawdown

Largest peak-to-trough decline

-34.68%

-0.16%

-34.52%

Max Drawdown (1Y)

Largest decline over 1 year

-11.49%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-14.20%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-21.72%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-31.50%

—

—

Current Drawdown

Current decline from peak

-0.42%

0.00%

-0.42%

Average Drawdown

Average peak-to-trough decline

-7.22%

-0.06%

-7.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.43%

—

—

Volatility

H50E.L vs. EUSC - Volatility Comparison

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Volatility by Period

H50E.LEUSCDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.79%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

12.32%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

15.11%

2.87%

+12.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.19%

2.87%

+14.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.99%

2.87%

+15.12%

H50E.L vs. EUSC - Expense Ratio Comparison

H50E.L has a 0.25% expense ratio, which is lower than EUSC's 0.58% expense ratio.

Dividends

H50E.L vs. EUSC - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
EUSC
WisdomTree Europe Hedged SmallCap Equity Fund		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 EUSC have a correlation of -0.50, 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 0.58% for EUSC.

H50E.L tracks MSCI EMU NR EUR, while EUSC tracks WisdomTree Europe Hedged SmallCap Equity Index. They also come from different issuers: HSBC and WisdomTree. Their fees differ too: 0.25% for H50E.L and 0.58% for EUSC.

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