SXRJ.DE vs. H4ZA.DE
SXRJ.DE (iShares MSCI EMU Small Cap UCITS ETF (Acc)) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both Europe Equities funds - SXRJ.DE tracks the MSCI EMU Small Cap while H4ZA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, SXRJ.DE returned 9.05%/yr vs 10.80%/yr for H4ZA.DE. Their correlation of 0.84 suggests significant overlap in exposure. SXRJ.DE charges 0.58%/yr vs 0.05%/yr for H4ZA.DE.
Performance
SXRJ.DE vs. H4ZA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRJ.DE achieves a 10.87% return, which is significantly higher than H4ZA.DE's 7.24% return. Over the past 10 years, SXRJ.DE has underperformed H4ZA.DE with an annualized return of 9.05%, while H4ZA.DE has yielded a comparatively higher 10.80% annualized return.
SXRJ.DE
- 1D
- 0.05%
- 1M
- 0.91%
- YTD
- 10.87%
- 6M
- 13.36%
- 1Y
- 16.78%
- 3Y*
- 13.45%
- 5Y*
- 6.53%
- 10Y*
- 9.05%
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%
SXRJ.DE vs. H4ZA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXRJ.DE iShares MSCI EMU Small Cap UCITS ETF (Acc) | 10.87% | 25.22% | -0.19% | 14.41% | -16.60% | 23.00% | 5.26% | 29.83% | -17.96% | 23.99% |
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 SXRJ.DE and H4ZA.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2010 | 0.84 |
The correlation between SXRJ.DE and H4ZA.DE has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.
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Return for Risk
SXRJ.DE vs. H4ZA.DE — Risk / Return Rank
SXRJ.DE
H4ZA.DE
SXRJ.DE vs. H4ZA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Small Cap UCITS ETF (Acc) (SXRJ.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.
| SXRJ.DE | H4ZA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.18 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.43 | +0.17 |
| Martin ratioReturn relative to average drawdown | 5.95 | 4.85 | +1.11 |
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
| SXRJ.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.98 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.69 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.59 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.41 | +0.18 |
Drawdowns
SXRJ.DE vs. H4ZA.DE - Drawdown Comparison
The maximum SXRJ.DE drawdown since its inception was -39.38%, roughly equal to the maximum H4ZA.DE drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for SXRJ.DE and H4ZA.DE.
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Drawdown Indicators
| SXRJ.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.38% | -38.41% | -0.97% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -10.97% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -15.73% | -16.40% | +0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -29.43% | -23.26% | -6.17% |
Max Drawdown (10Y)Largest decline over 10 years | -39.38% | -38.41% | -0.97% |
Current DrawdownCurrent decline from peak | -1.35% | -0.50% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -7.84% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 3.24% | -0.37% |
Volatility
SXRJ.DE vs. H4ZA.DE - Volatility Comparison
The current volatility for iShares MSCI EMU Small Cap UCITS ETF (Acc) (SXRJ.DE) is 4.04%, while HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a volatility of 4.95%. This indicates that SXRJ.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
| SXRJ.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 4.95% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 11.42% | 12.99% | -1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 15.99% | -2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 17.50% | -1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 18.17% | -1.89% |
SXRJ.DE vs. H4ZA.DE - Expense Ratio Comparison
SXRJ.DE has a 0.58% expense ratio, which is higher than H4ZA.DE's 0.05% expense ratio.
Dividends
SXRJ.DE vs. H4ZA.DE - Dividend Comparison
SXRJ.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% |
SXRJ.DE iShares MSCI EMU Small Cap UCITS ETF (Acc) | 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
SXRJ.DE and H4ZA.DE have a correlation of 0.82, 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 0.58% for SXRJ.DE.
SXRJ.DE tracks MSCI EMU Small Cap, while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.58% for SXRJ.DE and 0.05% for H4ZA.DE.
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