XESD.DE vs. H4ZA.DE
XESD.DE (Xtrackers Spanish Equity UCITS ETF) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both Europe Equities funds - XESD.DE tracks the Solactive Spain 40 while H4ZA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 5 years, XESD.DE returned 18.89%/yr vs 12.12%/yr for H4ZA.DE. Their correlation of 0.81 suggests significant overlap in exposure. XESD.DE charges 0.30%/yr vs 0.05%/yr for H4ZA.DE.
Performance
XESD.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 XESD.DE having a 7.26% return and H4ZA.DE slightly lower at 7.24%.
XESD.DE
- 1D
- 0.58%
- 1M
- 1.30%
- YTD
- 7.26%
- 6M
- 11.75%
- 1Y
- 34.69%
- 3Y*
- 29.40%
- 5Y*
- 18.89%
- 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%
XESD.DE vs. H4ZA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XESD.DE Xtrackers Spanish Equity UCITS ETF | 7.26% | 58.73% | 14.57% | 26.73% | -1.59% | 10.90% | -10.12% | 15.71% | -12.40% | -1.58% |
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% | 1.69% |
Correlation
The correlation between XESD.DE and H4ZA.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.82 |
The correlation between XESD.DE and H4ZA.DE has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
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Return for Risk
XESD.DE vs. H4ZA.DE — Risk / Return Rank
XESD.DE
H4ZA.DE
XESD.DE vs. H4ZA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Spanish Equity UCITS ETF (XESD.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.
| XESD.DE | H4ZA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.18 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 1.43 | +2.03 |
| Martin ratioReturn relative to average drawdown | 12.05 | 4.85 | +7.20 |
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
| XESD.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 0.98 | +1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.69 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.41 | +0.14 |
Drawdowns
XESD.DE vs. H4ZA.DE - Drawdown Comparison
The maximum XESD.DE drawdown since its inception was -38.77%, roughly equal to the maximum H4ZA.DE drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for XESD.DE and H4ZA.DE.
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Drawdown Indicators
| XESD.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.77% | -38.41% | -0.36% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -10.97% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -12.49% | -16.40% | +3.91% |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | -23.26% | +4.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.41% | — |
Current DrawdownCurrent decline from peak | -0.56% | -0.50% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -7.84% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 3.24% | -0.28% |
Volatility
XESD.DE vs. H4ZA.DE - Volatility Comparison
The current volatility for Xtrackers Spanish Equity UCITS ETF (XESD.DE) is 4.46%, while HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a volatility of 4.95%. This indicates that XESD.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
| XESD.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.46% | 4.95% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 14.06% | 12.99% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.93% | 15.99% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 17.50% | -0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.81% | 18.17% | +0.64% |
XESD.DE vs. H4ZA.DE - Expense Ratio Comparison
XESD.DE has a 0.30% expense ratio, which is higher than H4ZA.DE's 0.05% expense ratio.
Dividends
XESD.DE vs. H4ZA.DE - Dividend Comparison
XESD.DE's dividend yield for the trailing twelve months is around 2.50%, more than 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% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 2.50% | 2.43% | 3.14% | 2.57% | 3.98% | 1.51% | 4.30% | 3.35% | 4.48% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XESD.DE and H4ZA.DE have a correlation of 0.83, 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 0.30% for XESD.DE.
XESD.DE tracks Solactive Spain 40, while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: Xtrackers and HSBC. Their fees differ too: 0.30% for XESD.DE and 0.05% for H4ZA.DE.
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