IS3G.DE vs. H4ZA.DE
IS3G.DE (iShares MSCI EMU Large Cap UCITS ETF) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both Europe Equities funds - IS3G.DE tracks the MSCI EMU Large Cap while H4ZA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, IS3G.DE returned 9.99%/yr vs 10.80%/yr for H4ZA.DE. With a 0.95 correlation, they move nearly in lockstep. IS3G.DE charges 0.49%/yr vs 0.05%/yr for H4ZA.DE.
Performance
IS3G.DE vs. H4ZA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3G.DE achieves a 8.74% return, which is significantly higher than H4ZA.DE's 7.24% return. Over the past 10 years, IS3G.DE has underperformed H4ZA.DE with an annualized return of 9.99%, while H4ZA.DE has yielded a comparatively higher 10.80% annualized return.
IS3G.DE
- 1D
- 0.53%
- 1M
- 2.36%
- YTD
- 8.74%
- 6M
- 10.30%
- 1Y
- 17.41%
- 3Y*
- 15.08%
- 5Y*
- 10.43%
- 10Y*
- 9.99%
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%
IS3G.DE vs. H4ZA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3G.DE iShares MSCI EMU Large Cap UCITS ETF | 8.74% | 22.66% | 8.54% | 20.59% | -11.41% | 23.35% | -2.21% | 29.80% | -12.63% | 11.55% |
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 IS3G.DE and H4ZA.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2013 | 0.96 |
The correlation between IS3G.DE and H4ZA.DE has been stable across timeframes, ranging from 0.95 to 0.99 - a consistent structural relationship.
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Return for Risk
IS3G.DE vs. H4ZA.DE — Risk / Return Rank
IS3G.DE
H4ZA.DE
IS3G.DE vs. H4ZA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Large Cap UCITS ETF (IS3G.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.
| IS3G.DE | H4ZA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.18 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.43 | +0.24 |
| Martin ratioReturn relative to average drawdown | 5.99 | 4.85 | +1.15 |
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
| IS3G.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 0.98 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.69 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.59 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.41 | +0.10 |
Drawdowns
IS3G.DE vs. H4ZA.DE - Drawdown Comparison
The maximum IS3G.DE drawdown since its inception was -38.66%, roughly equal to the maximum H4ZA.DE drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for IS3G.DE and H4ZA.DE.
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Drawdown Indicators
| IS3G.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.66% | -38.41% | -0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.55% | -10.97% | +0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -15.83% | -16.40% | +0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -24.14% | -23.26% | -0.88% |
Max Drawdown (10Y)Largest decline over 10 years | -38.66% | -38.41% | -0.25% |
Current DrawdownCurrent decline from peak | -0.30% | -0.50% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -7.84% | +1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 3.24% | -0.30% |
Volatility
IS3G.DE vs. H4ZA.DE - Volatility Comparison
iShares MSCI EMU Large Cap UCITS ETF (IS3G.DE) and HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) have volatilities of 4.90% and 4.95%, 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.
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Volatility by Period
| IS3G.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 4.95% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 12.46% | 12.99% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.12% | 15.99% | -0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.59% | 17.50% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 18.17% | -0.76% |
IS3G.DE vs. H4ZA.DE - Expense Ratio Comparison
IS3G.DE has a 0.49% expense ratio, which is higher than H4ZA.DE's 0.05% expense ratio.
Dividends
IS3G.DE vs. H4ZA.DE - Dividend Comparison
IS3G.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% |
IS3G.DE iShares MSCI EMU Large Cap 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
With a correlation of 0.99, IS3G.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 0.49% for IS3G.DE.
IS3G.DE tracks MSCI EMU Large Cap, while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.49% for IS3G.DE and 0.05% for H4ZA.DE.
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