XD5E.DE vs. H4ZA.DE
XD5E.DE (Xtrackers MSCI EMU UCITS ETF 1D) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both Europe Equities funds - XD5E.DE tracks the MSCI EMU NR EUR while H4ZA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, XD5E.DE returned 10.03%/yr vs 10.80%/yr for H4ZA.DE. With a 0.99 correlation, they move nearly in lockstep. XD5E.DE charges 0.12%/yr vs 0.05%/yr for H4ZA.DE.
Performance
XD5E.DE vs. H4ZA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XD5E.DE achieves a 8.92% return, which is significantly higher than H4ZA.DE's 7.24% return. Over the past 10 years, XD5E.DE has underperformed H4ZA.DE with an annualized return of 10.03%, while H4ZA.DE has yielded a comparatively higher 10.80% annualized return.
XD5E.DE
- 1D
- 0.52%
- 1M
- 1.86%
- YTD
- 8.92%
- 6M
- 10.72%
- 1Y
- 17.76%
- 3Y*
- 16.06%
- 5Y*
- 10.59%
- 10Y*
- 10.03%
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%
XD5E.DE vs. H4ZA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XD5E.DE Xtrackers MSCI EMU UCITS ETF 1D | 8.92% | 24.71% | 9.50% | 18.86% | -11.92% | 22.17% | -0.74% | 27.44% | -12.93% | 13.47% |
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 XD5E.DE and H4ZA.DE is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2012 | 0.99 |
The correlation between XD5E.DE and H4ZA.DE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
XD5E.DE vs. H4ZA.DE — Risk / Return Rank
XD5E.DE
H4ZA.DE
XD5E.DE vs. H4ZA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EMU UCITS ETF 1D (XD5E.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.
| XD5E.DE | H4ZA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.18 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.43 | +0.32 |
| 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
| XD5E.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 | 0.65 | 0.69 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.59 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.41 | +0.14 |
Drawdowns
XD5E.DE vs. H4ZA.DE - Drawdown Comparison
The maximum XD5E.DE drawdown since its inception was -38.04%, roughly equal to the maximum H4ZA.DE drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for XD5E.DE and H4ZA.DE.
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Drawdown Indicators
| XD5E.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.04% | -38.41% | +0.37% |
Max Drawdown (1Y)Largest decline over 1 year | -10.26% | -10.97% | +0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -15.30% | -16.40% | +1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -24.56% | -23.26% | -1.30% |
Max Drawdown (10Y)Largest decline over 10 years | -38.04% | -38.41% | +0.37% |
Current DrawdownCurrent decline from peak | -0.44% | -0.50% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -5.74% | -7.84% | +2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 3.24% | -0.42% |
Volatility
XD5E.DE vs. H4ZA.DE - Volatility Comparison
The current volatility for Xtrackers MSCI EMU UCITS ETF 1D (XD5E.DE) is 4.54%, while HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a volatility of 4.95%. This indicates that XD5E.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
| XD5E.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.54% | 4.95% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 11.91% | 12.99% | -1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.52% | 15.99% | -1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 17.50% | -1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.03% | 18.17% | -1.14% |
XD5E.DE vs. H4ZA.DE - Expense Ratio Comparison
XD5E.DE has a 0.12% 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
XD5E.DE vs. H4ZA.DE - Dividend Comparison
XD5E.DE's dividend yield for the trailing twelve months is around 2.42%, which matches H4ZA.DE's 2.44% yield.
| 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% |
XD5E.DE Xtrackers MSCI EMU UCITS ETF 1D | 2.42% | 2.54% | 2.86% | 2.74% | 4.66% | 1.41% | 2.94% | 2.59% | 1.89% | 2.51% | 0.73% | 0.36% |
Frequently Asked Questions
With a correlation of 0.99, XD5E.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 0.12% for XD5E.DE.
XD5E.DE tracks MSCI EMU NR EUR, while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: Xtrackers and HSBC. Their fees differ too: 0.12% for XD5E.DE and 0.05% for H4ZA.DE.
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