XIEE.DE vs. H4ZA.DE
XIEE.DE (Xtrackers MSCI Europe UCITS ETF) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both Europe Equities funds - XIEE.DE tracks the MSCI Europe while H4ZA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, XIEE.DE returned 9.16%/yr vs 10.80%/yr for H4ZA.DE. With a 0.95 correlation, they move nearly in lockstep. XIEE.DE charges 0.12%/yr vs 0.05%/yr for H4ZA.DE.
Performance
XIEE.DE vs. H4ZA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XIEE.DE achieves a 7.68% return, which is significantly higher than H4ZA.DE's 7.24% return. Over the past 10 years, XIEE.DE has underperformed H4ZA.DE with an annualized return of 9.16%, while H4ZA.DE has yielded a comparatively higher 10.80% annualized return.
XIEE.DE
- 1D
- 0.61%
- 1M
- 1.14%
- YTD
- 7.68%
- 6M
- 9.97%
- 1Y
- 15.94%
- 3Y*
- 13.74%
- 5Y*
- 9.99%
- 10Y*
- 9.16%
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%
XIEE.DE vs. H4ZA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 7.68% | 20.34% | 8.08% | 15.72% | -9.15% | 24.96% | -3.13% | 27.82% | -11.03% | 10.26% |
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 XIEE.DE and H4ZA.DE is 0.95 - 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2015 | 0.95 |
The correlation between XIEE.DE and H4ZA.DE has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
XIEE.DE vs. H4ZA.DE — Risk / Return Rank
XIEE.DE
H4ZA.DE
XIEE.DE vs. H4ZA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe UCITS ETF (XIEE.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.
| XIEE.DE | H4ZA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.18 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.43 | +0.24 |
| Martin ratioReturn relative to average drawdown | 6.35 | 4.85 | +1.51 |
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
| XIEE.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 | 0.70 | 0.69 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.59 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.41 | +0.11 |
Drawdowns
XIEE.DE vs. H4ZA.DE - Drawdown Comparison
The maximum XIEE.DE drawdown since its inception was -35.51%, smaller than the maximum H4ZA.DE drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for XIEE.DE and H4ZA.DE.
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Drawdown Indicators
| XIEE.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.51% | -38.41% | +2.90% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -10.97% | +1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -16.52% | -16.40% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -19.30% | -23.26% | +3.96% |
Max Drawdown (10Y)Largest decline over 10 years | -35.51% | -38.41% | +2.90% |
Current DrawdownCurrent decline from peak | -1.61% | -0.50% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -7.84% | +2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 3.24% | -0.71% |
Volatility
XIEE.DE vs. H4ZA.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Europe UCITS ETF (XIEE.DE) is 4.32%, while HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a volatility of 4.95%. This indicates that XIEE.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
| XIEE.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 4.95% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 10.51% | 12.99% | -2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.72% | 15.99% | -3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.13% | 17.50% | -3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 18.17% | -2.63% |
XIEE.DE vs. H4ZA.DE - Expense Ratio Comparison
XIEE.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
XIEE.DE vs. H4ZA.DE - Dividend Comparison
XIEE.DE's dividend yield for the trailing twelve months is around 2.43%, 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% |
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 2.43% | 2.49% | 3.26% | 2.85% | 5.70% | 1.50% | 3.74% | 0.30% | 3.19% | 0.92% | 0.09% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, XIEE.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 XIEE.DE.
XIEE.DE tracks MSCI Europe, while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: Xtrackers and HSBC. Their fees differ too: 0.12% for XIEE.DE and 0.05% for H4ZA.DE.
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