5MVL.DE vs. H41E.DE
5MVL.DE (iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)) and H41E.DE (HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - 5MVL.DE tracks the MSCI Emerging Markets Select Value Factor Focus while H41E.DE tracks the MSCI Emerging Markets Value SRI ESG Target Select. Both are passively managed. Over the past 3 years, 5MVL.DE returned 33.99%/yr vs 27.78%/yr for H41E.DE. Their correlation of 0.92 suggests significant overlap in exposure. 5MVL.DE charges 0.40%/yr vs 0.35%/yr for H41E.DE.
Performance
5MVL.DE vs. H41E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 5MVL.DE achieves a 45.83% return, which is significantly higher than H41E.DE's 39.52% return.
5MVL.DE
- 1D
- -2.48%
- 1M
- 9.31%
- YTD
- 45.83%
- 6M
- 46.38%
- 1Y
- 81.35%
- 3Y*
- 33.99%
- 5Y*
- 17.27%
- 10Y*
- —
H41E.DE
- 1D
- -1.46%
- 1M
- 11.44%
- YTD
- 39.52%
- 6M
- 42.99%
- 1Y
- 69.89%
- 3Y*
- 27.78%
- 5Y*
- —
- 10Y*
- —
5MVL.DE vs. H41E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
5MVL.DE iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) | 45.83% | 27.25% | 21.00% | 14.58% | -1.97% |
H41E.DE HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) | 39.52% | 22.02% | 17.74% | 11.43% | -2.00% |
Correlation
The correlation between 5MVL.DE and H41E.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 | 0.92 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2022 | 0.92 |
The correlation between 5MVL.DE and H41E.DE has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
5MVL.DE vs. H41E.DE — Risk / Return Rank
5MVL.DE
H41E.DE
5MVL.DE vs. H41E.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 Value ESG UCITS ETF USD (Acc) (H41E.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.
| 5MVL.DE | H41E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.73 | 1.69 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 8.86 | 7.09 | +1.77 |
| Martin ratioReturn relative to average drawdown | 28.83 | 25.00 | +3.83 |
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
| 5MVL.DE | H41E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.31 | 3.91 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 1.56 | -0.73 |
Drawdowns
5MVL.DE vs. H41E.DE - Drawdown Comparison
The maximum 5MVL.DE drawdown since its inception was -32.25%, which is greater than H41E.DE's maximum drawdown of -20.92%. Use the drawdown chart below to compare losses from any high point for 5MVL.DE and H41E.DE.
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Drawdown Indicators
| 5MVL.DE | H41E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.25% | -20.92% | -11.33% |
Max Drawdown (1Y)Largest decline over 1 year | -9.30% | -9.80% | +0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -19.15% | -20.92% | +1.77% |
Max Drawdown (5Y)Largest decline over 5 years | -20.60% | — | — |
Current DrawdownCurrent decline from peak | -3.88% | -3.33% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -3.10% | -3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.79% | +0.08% |
Volatility
5MVL.DE vs. H41E.DE - Volatility Comparison
iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (5MVL.DE) has a higher volatility of 8.71% compared to HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) (H41E.DE) at 7.97%. This indicates that 5MVL.DE's price experiences larger fluctuations and is considered to be riskier than H41E.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 | H41E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.71% | 7.97% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 15.83% | 14.66% | +1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.13% | 17.80% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 16.06% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 16.06% | +2.78% |
5MVL.DE vs. H41E.DE - Expense Ratio Comparison
5MVL.DE has a 0.40% expense ratio, which is higher than H41E.DE's 0.35% expense ratio.
Dividends
5MVL.DE vs. H41E.DE - Dividend Comparison
Neither 5MVL.DE nor H41E.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, 5MVL.DE and H41E.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, H41E.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H41E.DE is cheaper with a 0.35% expense ratio, compared with 0.40% for 5MVL.DE.
5MVL.DE tracks MSCI Emerging Markets Select Value Factor Focus, while H41E.DE tracks MSCI Emerging Markets Value SRI ESG Target Select. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.40% for 5MVL.DE and 0.35% for H41E.DE.
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