IUSZ.DE vs. H4ZA.DE
IUSZ.DE (iShares Core FTSE 100 UCITS ETF (Dist)) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both Europe Equities funds - IUSZ.DE tracks the FTSE 100 while H4ZA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 5 years, IUSZ.DE returned 9.88%/yr vs 12.12%/yr for H4ZA.DE. A 0.77 correlation means they provide meaningful diversification when combined. IUSZ.DE charges 0.07%/yr vs 0.05%/yr for H4ZA.DE.
Performance
IUSZ.DE vs. H4ZA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSZ.DE achieves a 6.50% return, which is significantly lower than H4ZA.DE's 7.24% return.
IUSZ.DE
- 1D
- 0.15%
- 1M
- -0.44%
- YTD
- 6.50%
- 6M
- 8.78%
- 1Y
- 14.23%
- 3Y*
- 11.63%
- 5Y*
- 9.88%
- 10Y*
- —
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%
IUSZ.DE vs. H4ZA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSZ.DE iShares Core FTSE 100 UCITS ETF (Dist) | 6.50% | 16.47% | 9.79% | 9.07% | -1.35% | 24.82% | -15.69% | 25.38% | -10.49% | 8.10% |
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 IUSZ.DE and H4ZA.DE is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2016 | 0.77 |
The correlation between IUSZ.DE and H4ZA.DE has been stable across timeframes, ranging from 0.67 to 0.77 - a consistent structural relationship.
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Return for Risk
IUSZ.DE vs. H4ZA.DE — Risk / Return Rank
IUSZ.DE
H4ZA.DE
IUSZ.DE vs. H4ZA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core FTSE 100 UCITS ETF (Dist) (IUSZ.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.
| IUSZ.DE | H4ZA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.18 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.43 | +0.31 |
| Martin ratioReturn relative to average drawdown | 5.71 | 4.85 | +0.86 |
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
| IUSZ.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 | 0.69 | 0.69 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.41 | +0.03 |
Drawdowns
IUSZ.DE vs. H4ZA.DE - Drawdown Comparison
The maximum IUSZ.DE drawdown since its inception was -40.31%, roughly equal to the maximum H4ZA.DE drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for IUSZ.DE and H4ZA.DE.
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Drawdown Indicators
| IUSZ.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.31% | -38.41% | -1.90% |
Max Drawdown (1Y)Largest decline over 1 year | -8.23% | -10.97% | +2.74% |
Max Drawdown (3Y)Largest decline over 3 years | -17.24% | -16.40% | -0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -17.24% | -23.26% | +6.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.41% | — |
Current DrawdownCurrent decline from peak | -2.94% | -0.50% | -2.44% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -7.84% | +2.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 3.24% | -0.73% |
Volatility
IUSZ.DE vs. H4ZA.DE - Volatility Comparison
The current volatility for iShares Core FTSE 100 UCITS ETF (Dist) (IUSZ.DE) is 4.16%, while HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a volatility of 4.95%. This indicates that IUSZ.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
| IUSZ.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 4.95% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 10.14% | 12.99% | -2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.19% | 15.99% | -3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.07% | 17.50% | -3.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.32% | 18.17% | -1.85% |
IUSZ.DE vs. H4ZA.DE - Expense Ratio Comparison
IUSZ.DE has a 0.07% 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
IUSZ.DE vs. H4ZA.DE - Dividend Comparison
IUSZ.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% |
IUSZ.DE iShares Core FTSE 100 UCITS ETF (Dist) | 0.00% | 0.00% | 0.00% | 3.09% | 3.86% | 3.68% | 3.06% | 4.32% | 4.54% | 4.01% | 0.73% | 0.00% |
Frequently Asked Questions
IUSZ.DE and H4ZA.DE have a correlation of 0.68, 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 0.07% for IUSZ.DE.
IUSZ.DE tracks FTSE 100, while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.07% for IUSZ.DE and 0.05% for H4ZA.DE.
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