XESD.DE vs. H4ZZ.DE
XESD.DE (Xtrackers Spanish Equity UCITS ETF) and H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) are both Europe Equities funds - XESD.DE tracks the Solactive Spain 40 while H4ZZ.DE tracks the EURO STOXX 50. Both are passively managed. Over the past 3 years, XESD.DE returned 29.40%/yr vs 15.64%/yr for H4ZZ.DE. A 0.78 correlation means they provide meaningful diversification when combined. XESD.DE charges 0.30%/yr vs 0.05%/yr for H4ZZ.DE.
Performance
XESD.DE vs. H4ZZ.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 H4ZZ.DE slightly lower at 7.20%.
XESD.DE
- 1D
- 0.58%
- 1M
- 3.65%
- YTD
- 7.26%
- 6M
- 11.32%
- 1Y
- 35.71%
- 3Y*
- 29.40%
- 5Y*
- 18.89%
- 10Y*
- —
H4ZZ.DE
- 1D
- 0.77%
- 1M
- 4.70%
- YTD
- 7.20%
- 6M
- 8.61%
- 1Y
- 15.73%
- 3Y*
- 15.64%
- 5Y*
- —
- 10Y*
- —
XESD.DE vs. H4ZZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XESD.DE Xtrackers Spanish Equity UCITS ETF | 7.26% | 58.73% | 14.57% | 26.73% | 4.47% |
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 7.20% | 22.35% | 10.99% | 22.53% | 9.82% |
Correlation
The correlation between XESD.DE and H4ZZ.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 (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.78 |
The correlation between XESD.DE and H4ZZ.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. H4ZZ.DE — Risk / Return Rank
XESD.DE
H4ZZ.DE
XESD.DE vs. H4ZZ.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 (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.
| XESD.DE | H4ZZ.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 | 4.86 | +7.19 |
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 | H4ZZ.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 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 1.18 | -0.63 |
Drawdowns
XESD.DE vs. H4ZZ.DE - Drawdown Comparison
The maximum XESD.DE drawdown since its inception was -38.77%, 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 XESD.DE and H4ZZ.DE.
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Drawdown Indicators
| XESD.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.77% | -16.46% | -22.31% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -10.94% | +0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -12.49% | -16.46% | +3.97% |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | — | — |
Current DrawdownCurrent decline from peak | -0.56% | -0.53% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -2.68% | -4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 3.23% | -0.27% |
Volatility
XESD.DE vs. H4ZZ.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 (Acc) (H4ZZ.DE) has a volatility of 4.93%. This indicates that XESD.DE experiences smaller price fluctuations and is considered to be less risky 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
| XESD.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.46% | 4.93% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 14.06% | 12.97% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.93% | 15.97% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 15.85% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.81% | 15.85% | +2.96% |
XESD.DE vs. H4ZZ.DE - Expense Ratio Comparison
XESD.DE has a 0.30% expense ratio, which is higher than H4ZZ.DE's 0.05% expense ratio.
Dividends
XESD.DE vs. H4ZZ.DE - Dividend Comparison
XESD.DE's dividend yield for the trailing twelve months is around 2.50%, while H4ZZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
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% |
Frequently Asked Questions
XESD.DE and H4ZZ.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, 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 0.30% for XESD.DE.
XESD.DE tracks Solactive Spain 40, while H4ZZ.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 H4ZZ.DE.
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