5MVL.DE vs. H410.DE
5MVL.DE (iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)) and H410.DE (HSBC MSCI Emerging Markets UCITS ETF USD) are both Emerging Markets Equities funds - 5MVL.DE tracks the MSCI Emerging Markets Select Value Factor Focus while H410.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 5 years, 5MVL.DE returned 15.97%/yr vs 7.58%/yr for H410.DE. Their correlation of 0.92 suggests significant overlap in exposure. 5MVL.DE charges 0.40%/yr vs 0.15%/yr for H410.DE.
Performance
5MVL.DE vs. H410.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 5MVL.DE achieves a 35.43% return, which is significantly higher than H410.DE's 23.59% return.
5MVL.DE
- 1D
- -1.06%
- 1M
- -7.78%
- 6M
- 25.79%
- YTD
- 35.43%
- 1Y
- 58.07%
- 3Y*
- 31.16%
- 5Y*
- 15.97%
- 10Y*
- —
H410.DE
- 1D
- -0.41%
- 1M
- -4.81%
- 6M
- 16.27%
- YTD
- 23.59%
- 1Y
- 40.06%
- 3Y*
- 19.24%
- 5Y*
- 7.58%
- 10Y*
- 8.62%
5MVL.DE vs. H410.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
5MVL.DE iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) | 35.43% | 27.25% | 21.00% | 14.59% | -10.56% | 13.09% | -2.40% | 20.36% | -14.02% |
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD | 23.59% | 18.65% | 13.95% | 4.67% | -13.87% | 4.04% | 6.95% | 21.14% | -4.27% |
Correlation
The correlation between 5MVL.DE and H410.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2018 | 0.92 |
The correlation between 5MVL.DE and H410.DE has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
5MVL.DE vs. H410.DE — Risk / Return Rank
5MVL.DE
H410.DE
5MVL.DE vs. H410.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (5MVL.DE) and HSBC MSCI Emerging Markets UCITS ETF USD (H410.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.
| 5MVL.DE | H410.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.36 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 5.24 | 3.81 | +1.44 |
| Martin ratioReturn relative to average drawdown | 15.14 | 11.69 | +3.45 |
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Drawdowns
5MVL.DE vs. H410.DE - Drawdown Comparison
The maximum 5MVL.DE drawdown since its inception was -32.22%, smaller than the maximum H410.DE drawdown of -41.02%. Use the drawdown chart below to compare losses from any high point for 5MVL.DE and H410.DE.
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Drawdown Indicators
| 5MVL.DE | H410.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.22% | -41.02% | +8.80% |
Max Drawdown (1Y)Largest decline over 1 year | -11.02% | -10.47% | -0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -19.01% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -20.60% | -22.77% | +2.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.62% | — |
Current DrawdownCurrent decline from peak | -11.02% | -7.87% | -3.15% |
Average DrawdownAverage peak-to-trough decline | -6.63% | -13.30% | +6.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 3.42% | +0.40% |
Volatility
5MVL.DE vs. H410.DE - Volatility Comparison
iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (5MVL.DE) has a higher volatility of 10.14% compared to HSBC MSCI Emerging Markets UCITS ETF USD (H410.DE) at 8.52%. This indicates that 5MVL.DE's price experiences larger fluctuations and is considered to be riskier than H410.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 5MVL.DE | H410.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.14% | 8.52% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 19.32% | 17.56% | +1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.21% | 20.06% | +2.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.54% | 17.16% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.58% | 18.30% | +1.28% |
5MVL.DE vs. H410.DE - Expense Ratio Comparison
5MVL.DE has a 0.40% expense ratio, which is higher than H410.DE's 0.15% expense ratio.
Dividends
5MVL.DE vs. H410.DE - Dividend Comparison
5MVL.DE has not paid dividends to shareholders, while H410.DE's dividend yield for the trailing twelve months is around 1.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
5MVL.DE iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD | 1.65% | 2.00% | 2.40% | 2.59% | 3.11% | 2.00% | 1.69% | 2.03% | 2.20% | 1.62% | 1.71% | 2.28% |
Frequently Asked Questions
With a correlation of 0.93, 5MVL.DE and H410.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, H410.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H410.DE is cheaper with a 0.15% expense ratio, compared with 0.40% for 5MVL.DE.
5MVL.DE tracks MSCI Emerging Markets Select Value Factor Focus, while H410.DE tracks MSCI Emerging Markets. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.40% for 5MVL.DE and 0.15% for H410.DE.
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