IS3H.DE vs. H4ZZ.DE
IS3H.DE (iShares MSCI EMU Mid Cap UCITS ETF) and H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) are both Europe Equities funds - IS3H.DE tracks the MSCI EMU Mid Cap while H4ZZ.DE tracks the EURO STOXX 50. Both are passively managed. Over the past 3 years, IS3H.DE returned 18.25%/yr vs 15.64%/yr for H4ZZ.DE. Their correlation of 0.90 suggests significant overlap in exposure. IS3H.DE charges 0.49%/yr vs 0.05%/yr for H4ZZ.DE.
Performance
IS3H.DE vs. H4ZZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3H.DE achieves a 9.28% return, which is significantly higher than H4ZZ.DE's 7.20% return.
IS3H.DE
- 1D
- 0.47%
- 1M
- 2.04%
- YTD
- 9.28%
- 6M
- 11.50%
- 1Y
- 17.53%
- 3Y*
- 18.25%
- 5Y*
- 9.27%
- 10Y*
- 9.47%
H4ZZ.DE
- 1D
- 0.77%
- 1M
- 4.70%
- YTD
- 7.20%
- 6M
- 8.61%
- 1Y
- 15.73%
- 3Y*
- 15.64%
- 5Y*
- —
- 10Y*
- —
IS3H.DE vs. H4ZZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IS3H.DE iShares MSCI EMU Mid Cap UCITS ETF | 9.28% | 30.84% | 11.73% | 8.69% | 3.65% |
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 7.20% | 22.35% | 10.99% | 22.53% | 9.82% |
Correlation
The correlation between IS3H.DE and H4ZZ.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 | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.90 |
The correlation between IS3H.DE and H4ZZ.DE has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.
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Return for Risk
IS3H.DE vs. H4ZZ.DE — Risk / Return Rank
IS3H.DE
H4ZZ.DE
IS3H.DE vs. H4ZZ.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 (Acc) (H4ZZ.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 | H4ZZ.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 | 4.86 | +2.85 |
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
| IS3H.DE | H4ZZ.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 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 1.18 | -0.62 |
Drawdowns
IS3H.DE vs. H4ZZ.DE - Drawdown Comparison
The maximum IS3H.DE drawdown since its inception was -37.63%, which is greater than H4ZZ.DE's maximum drawdown of -16.46%. Use the drawdown chart below to compare losses from any high point for IS3H.DE and H4ZZ.DE.
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Drawdown Indicators
| IS3H.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.63% | -16.46% | -21.17% |
Max Drawdown (1Y)Largest decline over 1 year | -8.11% | -10.94% | +2.83% |
Max Drawdown (3Y)Largest decline over 3 years | -14.21% | -16.46% | +2.25% |
Max Drawdown (5Y)Largest decline over 5 years | -26.54% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.63% | — | — |
Current DrawdownCurrent decline from peak | -1.34% | -0.53% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -6.35% | -2.68% | -3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 3.23% | -0.96% |
Volatility
IS3H.DE vs. H4ZZ.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 (Acc) (H4ZZ.DE) has a volatility of 4.93%. This indicates that IS3H.DE experiences smaller price fluctuations and is considered to be less risky than H4ZZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3H.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 4.93% | -1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 9.77% | 12.97% | -3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.45% | 15.97% | -3.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.31% | 15.85% | -0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.15% | 15.85% | +0.30% |
IS3H.DE vs. H4ZZ.DE - Expense Ratio Comparison
IS3H.DE has a 0.49% expense ratio, which is higher than H4ZZ.DE's 0.05% expense ratio.
Dividends
IS3H.DE vs. H4ZZ.DE - Dividend Comparison
Neither IS3H.DE nor H4ZZ.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3H.DE and H4ZZ.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, H4ZZ.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZZ.DE is cheaper with a 0.05% expense ratio, compared with 0.49% for IS3H.DE.
IS3H.DE tracks MSCI EMU Mid Cap, while H4ZZ.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 H4ZZ.DE.
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