SLMA.DE vs. H4ZZ.DE
SLMA.DE (iShares MSCI EMU ESG Screened UCITS ETF EUR (Acc)) and H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) are both Europe Equities funds - SLMA.DE tracks the MSCI EMU ESG Screened while H4ZZ.DE tracks the EURO STOXX 50. Both are passively managed. Over the past 3 years, SLMA.DE returned 15.58%/yr vs 15.64%/yr for H4ZZ.DE. With a 0.98 correlation, they move nearly in lockstep. SLMA.DE charges 0.12%/yr vs 0.05%/yr for H4ZZ.DE.
Performance
SLMA.DE vs. H4ZZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SLMA.DE achieves a 8.54% return, which is significantly higher than H4ZZ.DE's 7.20% return.
SLMA.DE
- 1D
- 0.46%
- 1M
- 2.64%
- YTD
- 8.54%
- 6M
- 10.39%
- 1Y
- 16.70%
- 3Y*
- 15.58%
- 5Y*
- 10.24%
- 10Y*
- —
H4ZZ.DE
- 1D
- 0.77%
- 1M
- 1.96%
- YTD
- 7.20%
- 6M
- 8.56%
- 1Y
- 15.62%
- 3Y*
- 15.64%
- 5Y*
- —
- 10Y*
- —
SLMA.DE vs. H4ZZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SLMA.DE iShares MSCI EMU ESG Screened UCITS ETF EUR (Acc) | 8.54% | 22.99% | 9.30% | 19.71% | 6.67% |
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 7.20% | 22.35% | 10.99% | 22.53% | 9.82% |
Correlation
The correlation between SLMA.DE and H4ZZ.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.98 |
The correlation between SLMA.DE and H4ZZ.DE has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
SLMA.DE vs. H4ZZ.DE — Risk / Return Rank
SLMA.DE
H4ZZ.DE
SLMA.DE vs. H4ZZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU ESG Screened UCITS ETF EUR (Acc) (SLMA.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.
| SLMA.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.18 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.43 | +0.20 |
| Martin ratioReturn relative to average drawdown | 5.91 | 4.86 | +1.05 |
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
| SLMA.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 0.98 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 1.18 | -0.55 |
Drawdowns
SLMA.DE vs. H4ZZ.DE - Drawdown Comparison
The maximum SLMA.DE drawdown since its inception was -37.39%, 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 SLMA.DE and H4ZZ.DE.
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Drawdown Indicators
| SLMA.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.39% | -16.46% | -20.93% |
Max Drawdown (1Y)Largest decline over 1 year | -10.24% | -10.94% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -15.06% | -16.46% | +1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -25.10% | — | — |
Current DrawdownCurrent decline from peak | -0.36% | -0.53% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -2.68% | -2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 3.23% | -0.39% |
Volatility
SLMA.DE vs. H4ZZ.DE - Volatility Comparison
The current volatility for iShares MSCI EMU ESG Screened UCITS ETF EUR (Acc) (SLMA.DE) is 4.51%, while HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) has a volatility of 4.93%. This indicates that SLMA.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
| SLMA.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 4.93% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 11.82% | 12.97% | -1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.42% | 15.97% | -1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.16% | 15.85% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.01% | 15.85% | +2.16% |
SLMA.DE vs. H4ZZ.DE - Expense Ratio Comparison
SLMA.DE has a 0.12% 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
SLMA.DE vs. H4ZZ.DE - Dividend Comparison
Neither SLMA.DE nor H4ZZ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, SLMA.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 0.12% for SLMA.DE.
SLMA.DE tracks MSCI EMU ESG Screened, while H4ZZ.DE tracks EURO STOXX 50. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.12% for SLMA.DE and 0.05% for H4ZZ.DE.
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