IBC0.DE vs. H4ZA.DE
IBC0.DE (iShares Edge MSCI Europe Multifactor UCITS ETF) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both Europe Equities funds - IBC0.DE tracks the MSCI Europe Diversified Multiple-Factor while H4ZA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, IBC0.DE returned 9.77%/yr vs 10.80%/yr for H4ZA.DE. Their correlation of 0.82 suggests significant overlap in exposure. IBC0.DE charges 0.45%/yr vs 0.05%/yr for H4ZA.DE.
Performance
IBC0.DE vs. H4ZA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC0.DE achieves a 9.99% return, which is significantly higher than H4ZA.DE's 7.24% return. Over the past 10 years, IBC0.DE has underperformed H4ZA.DE with an annualized return of 9.77%, while H4ZA.DE has yielded a comparatively higher 10.80% annualized return.
IBC0.DE
- 1D
- 0.63%
- 1M
- 0.47%
- YTD
- 9.99%
- 6M
- 13.20%
- 1Y
- 19.89%
- 3Y*
- 18.33%
- 5Y*
- 10.54%
- 10Y*
- 9.77%
H4ZA.DE
- 1D
- 0.77%
- 1M
- 1.94%
- YTD
- 7.24%
- 6M
- 8.59%
- 1Y
- 15.63%
- 3Y*
- 16.60%
- 5Y*
- 12.12%
- 10Y*
- 10.80%
IBC0.DE vs. H4ZA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBC0.DE iShares Edge MSCI Europe Multifactor UCITS ETF | 9.99% | 21.49% | 14.29% | 19.19% | -15.94% | 26.76% | -0.55% | 26.28% | -11.58% | 12.21% |
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 7.24% | 22.26% | 13.81% | 22.59% | -8.87% | 23.72% | -2.73% | 30.07% | -11.96% | 10.07% |
Correlation
The correlation between IBC0.DE and H4ZA.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2015 | 0.82 |
The correlation between IBC0.DE and H4ZA.DE has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.
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Return for Risk
IBC0.DE vs. H4ZA.DE — Risk / Return Rank
IBC0.DE
H4ZA.DE
IBC0.DE vs. H4ZA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Multifactor UCITS ETF (IBC0.DE) and HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.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.
| IBC0.DE | H4ZA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.18 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 1.43 | +1.14 |
| Martin ratioReturn relative to average drawdown | 9.54 | 4.85 | +4.69 |
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
| IBC0.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 0.98 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.69 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.59 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.41 | +0.17 |
Drawdowns
IBC0.DE vs. H4ZA.DE - Drawdown Comparison
The maximum IBC0.DE drawdown since its inception was -37.22%, roughly equal to the maximum H4ZA.DE drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for IBC0.DE and H4ZA.DE.
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Drawdown Indicators
| IBC0.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.22% | -38.41% | +1.19% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -10.97% | +3.10% |
Max Drawdown (3Y)Largest decline over 3 years | -15.28% | -16.40% | +1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -24.64% | -23.26% | -1.38% |
Max Drawdown (10Y)Largest decline over 10 years | -37.22% | -38.41% | +1.19% |
Current DrawdownCurrent decline from peak | -1.53% | -0.50% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -7.84% | +2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 3.24% | -1.12% |
Volatility
IBC0.DE vs. H4ZA.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Multifactor UCITS ETF (IBC0.DE) is 4.25%, while HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a volatility of 4.95%. This indicates that IBC0.DE experiences smaller price fluctuations and is considered to be less risky than H4ZA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBC0.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 4.95% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 10.49% | 12.99% | -2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.68% | 15.99% | -3.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.81% | 17.50% | -2.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.32% | 18.17% | -1.85% |
IBC0.DE vs. H4ZA.DE - Expense Ratio Comparison
IBC0.DE has a 0.45% expense ratio, which is higher than H4ZA.DE's 0.05% expense ratio.
Dividends
IBC0.DE vs. H4ZA.DE - Dividend Comparison
IBC0.DE has not paid dividends to shareholders, while H4ZA.DE's dividend yield for the trailing twelve months is around 2.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 2.44% | 2.49% | 5.35% | 2.93% | 2.94% | 1.94% | 2.06% | 2.84% | 3.55% | 2.73% | 2.85% | 2.70% |
IBC0.DE iShares Edge MSCI Europe Multifactor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBC0.DE and H4ZA.DE have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4ZA.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZA.DE is cheaper with a 0.05% expense ratio, compared with 0.45% for IBC0.DE.
IBC0.DE tracks MSCI Europe Diversified Multiple-Factor, while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.45% for IBC0.DE and 0.05% for H4ZA.DE.
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