MJMT.DE vs. H4ZA.DE
MJMT.DE (Amundi MSCI Europe Momentum Factor UCITS ETF EUR) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both exchange-traded funds - MJMT.DE is a Momentum fund tracking the MSCI Europe Momentum Index, while H4ZA.DE is a Europe Equities fund tracking the EURO STOXX® 50. Both are passively managed. Over the past 5 years, MJMT.DE returned 11.41%/yr vs 12.12%/yr for H4ZA.DE. Their correlation of 0.84 suggests significant overlap in exposure. MJMT.DE charges 0.23%/yr vs 0.05%/yr for H4ZA.DE.
Performance
MJMT.DE vs. H4ZA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MJMT.DE achieves a 8.02% return, which is significantly higher than H4ZA.DE's 7.24% return.
MJMT.DE
- 1D
- 0.03%
- 1M
- 1.15%
- YTD
- 8.02%
- 6M
- 12.09%
- 1Y
- 17.13%
- 3Y*
- 20.41%
- 5Y*
- 11.41%
- 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%
MJMT.DE vs. H4ZA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MJMT.DE Amundi MSCI Europe Momentum Factor UCITS ETF EUR | 8.02% | 27.24% | 19.93% | 13.04% | -15.57% | 22.09% | 10.97% | 31.75% | -10.54% | 11.30% |
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 MJMT.DE and H4ZA.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2016 | 0.84 |
The correlation between MJMT.DE and H4ZA.DE has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.
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Return for Risk
MJMT.DE vs. H4ZA.DE — Risk / Return Rank
MJMT.DE
H4ZA.DE
MJMT.DE vs. H4ZA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.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.
| MJMT.DE | H4ZA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.18 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.43 | +0.08 |
| Martin ratioReturn relative to average drawdown | 5.64 | 4.85 | +0.79 |
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
| MJMT.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 0.98 | +0.05 |
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 | 0.70 | 0.41 | +0.29 |
Drawdowns
MJMT.DE vs. H4ZA.DE - Drawdown Comparison
The maximum MJMT.DE drawdown since its inception was -31.35%, smaller than the maximum H4ZA.DE drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for MJMT.DE and H4ZA.DE.
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Drawdown Indicators
| MJMT.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.35% | -38.41% | +7.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.56% | -10.97% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -15.62% | -16.40% | +0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -23.84% | -23.26% | -0.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.41% | — |
Current DrawdownCurrent decline from peak | -1.36% | -0.50% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -7.84% | +2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 3.24% | -0.14% |
Volatility
MJMT.DE vs. H4ZA.DE - Volatility Comparison
The current volatility for Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.DE) is 4.49%, while HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a volatility of 4.95%. This indicates that MJMT.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
| MJMT.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 4.95% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 14.45% | 12.99% | +1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.95% | 15.99% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 17.50% | -1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.24% | 18.17% | -1.93% |
MJMT.DE vs. H4ZA.DE - Expense Ratio Comparison
MJMT.DE has a 0.23% 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
MJMT.DE vs. H4ZA.DE - Dividend Comparison
MJMT.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% |
MJMT.DE Amundi MSCI Europe Momentum Factor UCITS ETF EUR | 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
MJMT.DE and H4ZA.DE have a correlation of 0.85, 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 0.23% for MJMT.DE.
MJMT.DE is categorized as Momentum, while H4ZA.DE is Europe Equities. MJMT.DE tracks MSCI Europe Momentum Index, while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: Amundi and HSBC. Their fees differ too: 0.23% for MJMT.DE and 0.05% for H4ZA.DE.
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