SK9A.DE vs. H4ZA.DE
SK9A.DE (Expat Slovakia SAX UCITS ETF) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both Europe Equities funds - SK9A.DE tracks the SAX Index while H4ZA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 5 years, SK9A.DE returned -11.36%/yr vs 12.34%/yr for H4ZA.DE. At a 0.02 correlation, their price movements are largely independent. SK9A.DE charges 1.38%/yr vs 0.05%/yr for H4ZA.DE.
Performance
SK9A.DE vs. H4ZA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SK9A.DE achieves a -5.31% return, which is significantly lower than H4ZA.DE's 9.79% return.
SK9A.DE
- 1D
- 0.00%
- 1M
- 3.83%
- 6M
- -3.70%
- YTD
- -5.31%
- 1Y
- -8.51%
- 3Y*
- -8.81%
- 5Y*
- -11.36%
- 10Y*
- —
H4ZA.DE
- 1D
- -0.80%
- 1M
- -0.88%
- 6M
- 5.52%
- YTD
- 9.79%
- 1Y
- 18.89%
- 3Y*
- 15.78%
- 5Y*
- 12.34%
- 10Y*
- 11.03%
SK9A.DE vs. H4ZA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SK9A.DE Expat Slovakia SAX UCITS ETF | -5.31% | -7.70% | -11.57% | -2.72% | -26.07% | 0.64% | -6.13% | -2.42% | -10.23% |
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 9.79% | 22.26% | 11.06% | 22.59% | -8.87% | 23.72% | -2.73% | 30.04% | -10.91% |
Correlation
The correlation between SK9A.DE and H4ZA.DE is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.02 |
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Return for Risk
SK9A.DE vs. H4ZA.DE — Risk / Return Rank
SK9A.DE
H4ZA.DE
SK9A.DE vs. H4ZA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Slovakia SAX UCITS ETF (SK9A.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.
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.
| SK9A.DE | H4ZA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -2.95 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.22 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | 1.72 | -2.27 |
| Martin ratioReturn relative to average drawdown | -1.05 | 6.00 | -7.05 |
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Drawdowns
SK9A.DE vs. H4ZA.DE - Drawdown Comparison
The maximum SK9A.DE drawdown since its inception was -73.30%, which is greater than H4ZA.DE's maximum drawdown of -38.40%. Use the drawdown chart below to compare losses from any high point for SK9A.DE and H4ZA.DE.
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Drawdown Indicators
| SK9A.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.30% | -38.40% | -34.90% |
Max Drawdown (1Y)Largest decline over 1 year | -15.32% | -10.97% | -4.35% |
Max Drawdown (3Y)Largest decline over 3 years | -31.08% | -16.39% | -14.69% |
Max Drawdown (5Y)Largest decline over 5 years | -49.50% | -23.26% | -26.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.40% | — |
Current DrawdownCurrent decline from peak | -71.34% | -2.69% | -68.65% |
Average DrawdownAverage peak-to-trough decline | -45.91% | -7.18% | -38.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.08% | 3.14% | +4.94% |
Volatility
SK9A.DE vs. H4ZA.DE - Volatility Comparison
Expat Slovakia SAX UCITS ETF (SK9A.DE) has a higher volatility of 5.89% compared to HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) at 3.98%. This indicates that SK9A.DE's price experiences larger fluctuations and is considered to be riskier 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
| SK9A.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 3.98% | +1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 7.79% | 13.35% | -5.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.02% | 16.04% | -6.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.51% | 17.53% | -8.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.28% | 17.81% | +20.47% |
SK9A.DE vs. H4ZA.DE - Expense Ratio Comparison
SK9A.DE has a 1.38% expense ratio, which is higher than H4ZA.DE's 0.05% expense ratio.
Dividends
SK9A.DE vs. H4ZA.DE - Dividend Comparison
SK9A.DE has not paid dividends to shareholders, while H4ZA.DE's dividend yield for the trailing twelve months is around 2.38%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 2.38% | 2.49% | 2.89% | 2.93% | 2.94% | 1.94% | 2.06% | 2.84% | 3.55% | 2.73% | 2.85% | 2.70% |
SK9A.DE Expat Slovakia SAX 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
SK9A.DE and H4ZA.DE have a correlation of 0.01, 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 1.38% for SK9A.DE.
SK9A.DE tracks SAX Index, while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: Expat and HSBC. Their fees differ too: 1.38% for SK9A.DE and 0.05% for H4ZA.DE.
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