IS3H.DE vs. H4ZA.DE
IS3H.DE (iShares MSCI EMU Mid Cap UCITS ETF) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both Europe Equities funds - IS3H.DE tracks the MSCI EMU Mid Cap while H4ZA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, IS3H.DE returned 9.47%/yr vs 10.80%/yr for H4ZA.DE. Their correlation of 0.88 suggests significant overlap in exposure. IS3H.DE charges 0.49%/yr vs 0.05%/yr for H4ZA.DE.
Performance
IS3H.DE vs. H4ZA.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IS3H.DE achieves a 9.28% return, which is significantly higher than H4ZA.DE's 7.24% return. Over the past 10 years, IS3H.DE has underperformed H4ZA.DE with an annualized return of 9.47%, while H4ZA.DE has yielded a comparatively higher 10.80% annualized return.
IS3H.DE
- 1D
- 0.47%
- 1M
- -0.13%
- YTD
- 9.28%
- 6M
- 11.27%
- 1Y
- 16.64%
- 3Y*
- 18.25%
- 5Y*
- 9.27%
- 10Y*
- 9.47%
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%
IS3H.DE vs. H4ZA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3H.DE iShares MSCI EMU Mid Cap UCITS ETF | 9.28% | 30.84% | 11.73% | 8.69% | -14.80% | 15.42% | 3.89% | 29.25% | -15.98% | 19.16% |
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 IS3H.DE and H4ZA.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2013 | 0.88 |
The correlation between IS3H.DE and H4ZA.DE has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IS3H.DE vs. H4ZA.DE — Risk / Return Rank
IS3H.DE
H4ZA.DE
IS3H.DE vs. H4ZA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Mid Cap UCITS ETF (IS3H.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.
| IS3H.DE | H4ZA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.18 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 1.43 | +0.72 |
| Martin ratioReturn relative to average drawdown | 7.71 | 4.85 | +2.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IS3H.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 0.98 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.69 | -0.09 |
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 | 0.56 | 0.41 | +0.15 |
Drawdowns
IS3H.DE vs. H4ZA.DE - Drawdown Comparison
The maximum IS3H.DE drawdown since its inception was -37.63%, roughly equal to the maximum H4ZA.DE drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for IS3H.DE and H4ZA.DE.
Loading charts...
Drawdown Indicators
| IS3H.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.63% | -38.41% | +0.78% |
Max Drawdown (1Y)Largest decline over 1 year | -8.11% | -10.97% | +2.86% |
Max Drawdown (3Y)Largest decline over 3 years | -14.21% | -16.40% | +2.19% |
Max Drawdown (5Y)Largest decline over 5 years | -26.54% | -23.26% | -3.28% |
Max Drawdown (10Y)Largest decline over 10 years | -37.63% | -38.41% | +0.78% |
Current DrawdownCurrent decline from peak | -1.34% | -0.50% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -6.35% | -7.84% | +1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 3.24% | -0.97% |
Volatility
IS3H.DE vs. H4ZA.DE - Volatility Comparison
The current volatility for iShares MSCI EMU Mid Cap UCITS ETF (IS3H.DE) is 3.33%, while HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a volatility of 4.95%. This indicates that IS3H.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.
Loading charts...
Volatility by Period
| IS3H.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 4.95% | -1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 9.77% | 12.99% | -3.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.45% | 15.99% | -3.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.31% | 17.50% | -2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.15% | 18.17% | -2.02% |
IS3H.DE vs. H4ZA.DE - Expense Ratio Comparison
IS3H.DE has a 0.49% expense ratio, which is higher than H4ZA.DE's 0.05% expense ratio.
Dividends
IS3H.DE vs. H4ZA.DE - Dividend Comparison
IS3H.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% |
IS3H.DE iShares MSCI EMU Mid 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
IS3H.DE and H4ZA.DE have a correlation of 0.87, 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 0.49% for IS3H.DE.
IS3H.DE tracks MSCI EMU Mid Cap, while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.49% for IS3H.DE and 0.05% for H4ZA.DE.
Find the right allocation for IS3H.DE and H4ZA.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer