JREE.DE vs. H4ZZ.DE
JREE.DE (JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)) and H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) are both Europe Equities funds - JREE.DE tracks the JP Morgan Europe Research Enhanced Index Equity (ESG) while H4ZZ.DE tracks the EURO STOXX 50. Both are passively managed. Over the past year, JREE.DE returned 22.43% vs 20.11% for H4ZZ.DE. Their correlation of 0.91 suggests significant overlap in exposure. JREE.DE charges 0.25%/yr vs 0.05%/yr for H4ZZ.DE.
Performance
JREE.DE vs. H4ZZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JREE.DE achieves a 11.30% return, which is significantly higher than H4ZZ.DE's 10.36% return.
JREE.DE
- 1D
- 0.20%
- 1M
- 1.92%
- 6M
- 8.18%
- YTD
- 11.30%
- 1Y
- 22.43%
- 3Y*
- 14.17%
- 5Y*
- 10.59%
- 10Y*
- —
H4ZZ.DE
- 1D
- -0.19%
- 1M
- 0.80%
- 6M
- 6.42%
- YTD
- 10.36%
- 1Y
- 20.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JREE.DE vs. H4ZZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JREE.DE JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) | 11.30% | 20.14% | -4.07% |
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 10.36% | 22.35% | -2.42% |
Correlation
The correlation between JREE.DE and H4ZZ.DE is 0.94, 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 | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024 | 0.91 |
The correlation between JREE.DE and H4ZZ.DE has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
JREE.DE vs. H4ZZ.DE — Risk / Return Rank
JREE.DE
H4ZZ.DE
JREE.DE vs. H4ZZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JREE.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.23 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 1.83 | +0.41 |
| Martin ratioReturn relative to average drawdown | 8.55 | 6.40 | +2.14 |
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Drawdowns
JREE.DE vs. H4ZZ.DE - Drawdown Comparison
The maximum JREE.DE drawdown since its inception was -35.61%, 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 JREE.DE and H4ZZ.DE.
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Drawdown Indicators
| JREE.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.61% | -16.46% | -19.15% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -10.94% | +0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -16.63% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.01% | — | — |
Current DrawdownCurrent decline from peak | -1.59% | -2.21% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -4.53% | -2.63% | -1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 3.13% | -0.51% |
Volatility
JREE.DE vs. H4ZZ.DE - Volatility Comparison
The current volatility for JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREE.DE) is 3.18%, while HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) has a volatility of 4.01%. This indicates that JREE.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
| JREE.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 4.01% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 11.03% | 13.41% | -2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.13% | 16.07% | -2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.67% | 16.76% | -2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.64% | 16.76% | -0.12% |
JREE.DE vs. H4ZZ.DE - Expense Ratio Comparison
JREE.DE has a 0.25% expense ratio, which is higher than H4ZZ.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
JREE.DE vs. H4ZZ.DE - Dividend Comparison
Neither JREE.DE nor H4ZZ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, JREE.DE and H4ZZ.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, 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 0.25% for JREE.DE.
JREE.DE tracks JP Morgan Europe Research Enhanced Index Equity (ESG), while H4ZZ.DE tracks EURO STOXX 50. They also come from different issuers: JPMorgan and HSBC. Their fees differ too: 0.25% for JREE.DE and 0.05% for H4ZZ.DE.
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