HSBC MSCI Emerging Markets UCITS ETF USD (HMEF.L) Sharpe Ratio: 1.88

HMEF.L's Sharpe Ratio of 1.88 indicates that for each unit of volatility, it generates 1.88 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 16, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

HMEF.L Sharpe Ratio Rank

Above Average

HMEF.L ranks above 73.3% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Above-average risk-adjusted returns with room for improvement
Compare against category peers to gauge relative positioning
Monitor for movement toward top tier or decline toward median
Consider pairing with top-tier holdings to improve portfolio efficiency

HMEF.L Sharpe Ratio Market Positioning

The chart shows HMEF.L's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 0.75 or lower
Yellow zone (middle 50%): 0.75 to 1.92
Green zone (top 25%): 1.92 or higher
Top 1%: 6.52+
Median: 1.42 — half of all investments score higher

How it compares to other similar ETFs

The table compares HSBC MSCI Emerging Markets UCITS ETF USD's Sharpe Ratio with other ETFs in the Emerging Markets Equities category across multiple time periods, showing how HMEF.L's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 16, 2026.

Symbol	Name	1Y Sharpe Ratio
ISDE.L	iShares MSCI EM Islamic UCITS ETF USD (Dist)	2.49
XDEX.L	Xtrackers MSCI Emerging Markets ESG Screened UCITS ETF 1C	2.37
EMVL.L	iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)	2.37
EXCS.L	iShares MSCI EM ex-China UCITS ETF USD (Acc)	2.28
UC79.L	UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis	2.15
EMXC.L	Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc	2.12
ESES.L	Invesco MSCI Emerging Markets Universal Screened UCITS ETF	2.06
JMRE.L	JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)	2.04
HDEM.L	Invesco FTSE EM High Dividend Low Volatility UCITS ETF	2.02
ESEM.L	Invesco MSCI Emerging Markets Universal Screened UCITS ETF Acc	1.93
HMEF.L	HSBC MSCI Emerging Markets UCITS ETF USD	1.88

Benchmark

S&P 500 Index

Lookback Period

How to choose period

Historical Sharpe Ratio

The chart shows HMEF.L's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when HMEF.L consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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