VWCG.DE vs. H4ZA.DE
VWCG.DE (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both Europe Equities funds - VWCG.DE tracks the FTSE Developed Europe while H4ZA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 5 years, VWCG.DE returned 9.96%/yr vs 12.12%/yr for H4ZA.DE. Their correlation of 0.93 suggests significant overlap in exposure. VWCG.DE charges 0.10%/yr vs 0.05%/yr for H4ZA.DE.
Performance
VWCG.DE vs. H4ZA.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with VWCG.DE having a 7.34% return and H4ZA.DE slightly lower at 7.24%.
VWCG.DE
- 1D
- 0.57%
- 1M
- 1.01%
- YTD
- 7.34%
- 6M
- 9.93%
- 1Y
- 16.18%
- 3Y*
- 14.09%
- 5Y*
- 9.96%
- 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%
VWCG.DE vs. H4ZA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWCG.DE Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 7.34% | 20.45% | 8.94% | 16.07% | -9.71% | 24.74% | -2.59% | 11.39% |
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 7.24% | 22.26% | 13.81% | 22.59% | -8.87% | 23.72% | -2.73% | 12.10% |
Correlation
The correlation between VWCG.DE and H4ZA.DE is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2019 | 0.93 |
The correlation between VWCG.DE and H4ZA.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
VWCG.DE vs. H4ZA.DE — Risk / Return Rank
VWCG.DE
H4ZA.DE
VWCG.DE vs. H4ZA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.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.
| VWCG.DE | H4ZA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.18 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.43 | +0.27 |
| Martin ratioReturn relative to average drawdown | 6.40 | 4.85 | +1.55 |
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
| VWCG.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.98 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.69 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.41 | +0.23 |
Drawdowns
VWCG.DE vs. H4ZA.DE - Drawdown Comparison
The maximum VWCG.DE drawdown since its inception was -35.68%, smaller than the maximum H4ZA.DE drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for VWCG.DE and H4ZA.DE.
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Drawdown Indicators
| VWCG.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.68% | -38.41% | +2.73% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -10.97% | +1.39% |
Max Drawdown (3Y)Largest decline over 3 years | -16.07% | -16.40% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -20.10% | -23.26% | +3.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.41% | — |
Current DrawdownCurrent decline from peak | -1.51% | -0.50% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -7.84% | +2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 3.24% | -0.69% |
Volatility
VWCG.DE vs. H4ZA.DE - Volatility Comparison
The current volatility for Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.DE) is 4.33%, while HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a volatility of 4.95%. This indicates that VWCG.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
| VWCG.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 4.95% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 12.99% | -2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.91% | 15.99% | -3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.29% | 17.50% | -3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.09% | 18.17% | -1.08% |
VWCG.DE vs. H4ZA.DE - Expense Ratio Comparison
VWCG.DE has a 0.10% 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
VWCG.DE vs. H4ZA.DE - Dividend Comparison
VWCG.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% |
VWCG.DE Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 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
With a correlation of 0.95, VWCG.DE and H4ZA.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, 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 0.10% for VWCG.DE.
VWCG.DE tracks FTSE Developed Europe, while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: Vanguard and HSBC. Their fees differ too: 0.10% for VWCG.DE and 0.05% for H4ZA.DE.
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