IQQY.DE vs. H4ZA.DE
IQQY.DE (iShares Core MSCI Europe UCITS ETF EUR (Dist)) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both Europe Equities funds - IQQY.DE tracks the MSCI Europe while H4ZA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, IQQY.DE returned 9.17%/yr vs 10.80%/yr for H4ZA.DE. Their correlation of 0.92 suggests significant overlap in exposure. IQQY.DE charges 0.12%/yr vs 0.05%/yr for H4ZA.DE.
Performance
IQQY.DE vs. H4ZA.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IQQY.DE having a 7.35% return and H4ZA.DE slightly lower at 7.24%. Over the past 10 years, IQQY.DE has underperformed H4ZA.DE with an annualized return of 9.17%, while H4ZA.DE has yielded a comparatively higher 10.80% annualized return.
IQQY.DE
- 1D
- 0.55%
- 1M
- 1.13%
- YTD
- 7.35%
- 6M
- 9.87%
- 1Y
- 15.99%
- 3Y*
- 13.71%
- 5Y*
- 9.99%
- 10Y*
- 9.17%
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%
IQQY.DE vs. H4ZA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQQY.DE iShares Core MSCI Europe UCITS ETF EUR (Dist) | 7.35% | 20.51% | 8.32% | 15.43% | -9.13% | 25.32% | -3.28% | 27.76% | -10.88% | 10.56% |
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 IQQY.DE and H4ZA.DE is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2010 | 0.92 |
The correlation between IQQY.DE and H4ZA.DE has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
IQQY.DE vs. H4ZA.DE — Risk / Return Rank
IQQY.DE
H4ZA.DE
IQQY.DE vs. H4ZA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe UCITS ETF EUR (Dist) (IQQY.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.
| IQQY.DE | H4ZA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.18 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.43 | +0.27 |
| Martin ratioReturn relative to average drawdown | 6.35 | 4.85 | +1.50 |
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
| IQQY.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.98 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.69 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.59 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.41 | -0.09 |
Drawdowns
IQQY.DE vs. H4ZA.DE - Drawdown Comparison
The maximum IQQY.DE drawdown since its inception was -56.18%, which is greater than H4ZA.DE's maximum drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for IQQY.DE and H4ZA.DE.
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Drawdown Indicators
| IQQY.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.18% | -38.41% | -17.77% |
Max Drawdown (1Y)Largest decline over 1 year | -9.52% | -10.97% | +1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -16.53% | -16.40% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -19.30% | -23.26% | +3.96% |
Max Drawdown (10Y)Largest decline over 10 years | -35.47% | -38.41% | +2.94% |
Current DrawdownCurrent decline from peak | -1.60% | -0.50% | -1.10% |
Average DrawdownAverage peak-to-trough decline | -10.76% | -7.84% | -2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 3.24% | -0.70% |
Volatility
IQQY.DE vs. H4ZA.DE - Volatility Comparison
The current volatility for iShares Core MSCI Europe UCITS ETF EUR (Dist) (IQQY.DE) is 4.34%, while HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a volatility of 4.95%. This indicates that IQQY.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
| IQQY.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 4.95% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 10.54% | 12.99% | -2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.79% | 15.99% | -3.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.20% | 17.50% | -3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 18.17% | -2.55% |
IQQY.DE vs. H4ZA.DE - Expense Ratio Comparison
IQQY.DE has a 0.12% expense ratio, which is higher than H4ZA.DE's 0.05% 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%.
Dividends
IQQY.DE vs. H4ZA.DE - Dividend Comparison
IQQY.DE's dividend yield for the trailing twelve months is around 2.54%, more than H4ZA.DE's 2.44% yield.
| 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% |
IQQY.DE iShares Core MSCI Europe UCITS ETF EUR (Dist) | 2.54% | 2.54% | 2.88% | 2.87% | 2.92% | 2.24% | 2.06% | 3.04% | 3.26% | 2.63% | 2.85% | 2.65% |
Frequently Asked Questions
With a correlation of 0.95, IQQY.DE and H4ZA.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.12% for IQQY.DE.
IQQY.DE tracks MSCI Europe, while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.12% for IQQY.DE and 0.05% for H4ZA.DE.
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