XIEE.DE vs. H4ZZ.DE
XIEE.DE (Xtrackers MSCI Europe UCITS ETF) and H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) are both Europe Equities funds - XIEE.DE tracks the MSCI Europe while H4ZZ.DE tracks the EURO STOXX 50. Both are passively managed. Over the past year, XIEE.DE returned 22.11% vs 21.81% for H4ZZ.DE. Their correlation of 0.88 suggests significant overlap in exposure. XIEE.DE charges 0.12%/yr vs 0.05%/yr for H4ZZ.DE.
Performance
XIEE.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 XIEE.DE having a 11.11% return and H4ZZ.DE slightly lower at 10.70%.
XIEE.DE
- 1D
- 0.10%
- 1M
- 1.16%
- 6M
- 7.04%
- YTD
- 11.11%
- 1Y
- 22.11%
- 3Y*
- 15.04%
- 5Y*
- 10.50%
- 10Y*
- 9.55%
H4ZZ.DE
- 1D
- 0.31%
- 1M
- 0.70%
- 6M
- 6.19%
- YTD
- 10.70%
- 1Y
- 21.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XIEE.DE vs. H4ZZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 11.11% | 20.33% | -2.08% |
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 10.70% | 22.35% | -2.42% |
Correlation
The correlation between XIEE.DE and H4ZZ.DE is 0.81, 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 | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024 | 0.88 |
The correlation between XIEE.DE and H4ZZ.DE has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.
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Return for Risk
XIEE.DE vs. H4ZZ.DE — Risk / Return Rank
XIEE.DE
H4ZZ.DE
XIEE.DE vs. H4ZZ.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 (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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XIEE.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 1.99 | +0.21 |
| Martin ratioReturn relative to average drawdown | 9.02 | 6.94 | +2.08 |
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Drawdowns
XIEE.DE vs. H4ZZ.DE - Drawdown Comparison
The maximum XIEE.DE drawdown since its inception was -35.52%, 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 XIEE.DE and H4ZZ.DE.
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Drawdown Indicators
| XIEE.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.52% | -16.46% | -19.06% |
Max Drawdown (1Y)Largest decline over 1 year | -10.03% | -10.94% | +0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -16.52% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.30% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.52% | — | — |
Current DrawdownCurrent decline from peak | -1.06% | -1.90% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -7.18% | -2.62% | -4.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 3.13% | -0.69% |
Volatility
XIEE.DE vs. H4ZZ.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Europe UCITS ETF (XIEE.DE) is 3.23%, while HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) has a volatility of 3.95%. This indicates that XIEE.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
| XIEE.DE | H4ZZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 3.95% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 11.91% | 13.41% | -1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.72% | 16.07% | -2.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.29% | 16.74% | -2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.29% | 16.74% | +0.55% |
XIEE.DE vs. H4ZZ.DE - Expense Ratio Comparison
XIEE.DE has a 0.12% expense ratio, which is higher than H4ZZ.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. H4ZZ.DE - Dividend Comparison
XIEE.DE's dividend yield for the trailing twelve months is around 2.36%, while H4ZZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 2.36% | 2.49% | 3.26% | 2.85% | 5.70% | 1.50% | 3.74% | 0.30% | 3.19% | 0.92% | 0.09% |
Frequently Asked Questions
XIEE.DE and H4ZZ.DE have a correlation of 0.81, 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 0.12% for XIEE.DE.
XIEE.DE tracks MSCI Europe, while H4ZZ.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 H4ZZ.DE.
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