VGER.DE vs. H4ZZ.DE
VGER.DE (Vanguard Germany All Cap UCITS ETF Dist) and H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) are both Europe Equities funds - VGER.DE tracks the FTSE Germany All Cap while H4ZZ.DE tracks the EURO STOXX 50. Both are passively managed. Over the past year, VGER.DE returned 3.24% vs 21.69% for H4ZZ.DE. Their correlation of 0.86 suggests significant overlap in exposure. VGER.DE charges 0.10%/yr vs 0.05%/yr for H4ZZ.DE.
Performance
VGER.DE vs. H4ZZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGER.DE achieves a 0.71% return, which is significantly lower than H4ZZ.DE's 9.44% return.
VGER.DE
- 1D
- -1.32%
- 1M
- -3.27%
- YTD
- 0.71%
- 6M
- 1.50%
- 1Y
- 3.24%
- 3Y*
- 14.25%
- 5Y*
- 6.77%
- 10Y*
- —
H4ZZ.DE
- 1D
- -0.68%
- 1M
- 2.65%
- YTD
- 9.44%
- 6M
- 10.41%
- 1Y
- 21.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VGER.DE vs. H4ZZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VGER.DE Vanguard Germany All Cap UCITS ETF Dist | 0.71% | 21.03% | 6.61% |
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 9.44% | 22.35% | -2.42% |
Correlation
The correlation between VGER.DE and H4ZZ.DE is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024 | 0.86 |
The correlation between VGER.DE and H4ZZ.DE has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.
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Return for Risk
VGER.DE vs. H4ZZ.DE — Risk / Return Rank
VGER.DE
H4ZZ.DE
VGER.DE vs. H4ZZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Germany All Cap UCITS ETF Dist (VGER.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.
| VGER.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.25 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | 1.97 | -1.72 |
| Martin ratioReturn relative to average drawdown | 0.79 | 6.84 | -6.05 |
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Drawdowns
VGER.DE vs. H4ZZ.DE - Drawdown Comparison
The maximum VGER.DE drawdown since its inception was -38.66%, 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 VGER.DE and H4ZZ.DE.
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Drawdown Indicators
| VGER.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.66% | -16.46% | -22.20% |
Max Drawdown (1Y)Largest decline over 1 year | -12.61% | -10.94% | -1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -15.65% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | — | — |
Current DrawdownCurrent decline from peak | -3.83% | -1.50% | -2.33% |
Average DrawdownAverage peak-to-trough decline | -7.26% | -2.66% | -4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.09% | 3.16% | +0.93% |
Volatility
VGER.DE vs. H4ZZ.DE - Volatility Comparison
Vanguard Germany All Cap UCITS ETF Dist (VGER.DE) has a higher volatility of 4.07% compared to HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) at 3.61%. This indicates that VGER.DE's price experiences larger fluctuations and is considered to be riskier 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
| VGER.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 3.61% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 13.22% | 13.19% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.92% | 15.96% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.06% | 16.80% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.03% | 16.80% | +2.23% |
VGER.DE vs. H4ZZ.DE - Expense Ratio Comparison
VGER.DE has a 0.10% 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
VGER.DE vs. H4ZZ.DE - Dividend Comparison
VGER.DE's dividend yield for the trailing twelve months is around 2.29%, while H4ZZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGER.DE Vanguard Germany All Cap UCITS ETF Dist | 2.29% | 2.12% | 2.40% | 2.96% | 4.07% | 1.86% | 2.93% | 2.55% |
Frequently Asked Questions
VGER.DE and H4ZZ.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.10% for VGER.DE.
VGER.DE tracks FTSE Germany All Cap, while H4ZZ.DE tracks EURO STOXX 50. They also come from different issuers: Vanguard and HSBC. Their fees differ too: 0.10% for VGER.DE and 0.05% for H4ZZ.DE.
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