5MVL.DE vs. H4Z3.DE
5MVL.DE (iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)) and H4Z3.DE (HSBC MSCI Emerging Markets UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - 5MVL.DE tracks the MSCI Emerging Markets Select Value Factor Focus while H4Z3.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 3 years, 5MVL.DE returned 33.99%/yr vs 20.42%/yr for H4Z3.DE. Their correlation of 0.90 suggests significant overlap in exposure. 5MVL.DE charges 0.40%/yr vs 0.15%/yr for H4Z3.DE.
Performance
5MVL.DE vs. H4Z3.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 H4Z3.DE's 27.75% 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*
- —
H4Z3.DE
- 1D
- -1.67%
- 1M
- 3.67%
- YTD
- 27.75%
- 6M
- 28.22%
- 1Y
- 49.05%
- 3Y*
- 20.42%
- 5Y*
- —
- 10Y*
- —
5MVL.DE vs. H4Z3.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% | -3.05% |
H4Z3.DE HSBC MSCI Emerging Markets UCITS ETF USD (Acc) | 27.75% | 18.60% | 13.73% | 4.66% | -6.26% |
Correlation
The correlation between 5MVL.DE and H4Z3.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.90 |
The correlation between 5MVL.DE and H4Z3.DE has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
5MVL.DE vs. H4Z3.DE — Risk / Return Rank
5MVL.DE
H4Z3.DE
5MVL.DE vs. H4Z3.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 (Acc) (H4Z3.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 | H4Z3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.73 | 1.52 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 8.86 | 4.77 | +4.10 |
| Martin ratioReturn relative to average drawdown | 28.83 | 17.12 | +11.71 |
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 | H4Z3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.31 | 2.85 | +1.47 |
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 | 0.91 | -0.08 |
Drawdowns
5MVL.DE vs. H4Z3.DE - Drawdown Comparison
The maximum 5MVL.DE drawdown since its inception was -32.25%, which is greater than H4Z3.DE's maximum drawdown of -18.86%. Use the drawdown chart below to compare losses from any high point for 5MVL.DE and H4Z3.DE.
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Drawdown Indicators
| 5MVL.DE | H4Z3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.25% | -18.86% | -13.39% |
Max Drawdown (1Y)Largest decline over 1 year | -9.30% | -10.47% | +1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -19.15% | -18.86% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -20.60% | — | — |
Current DrawdownCurrent decline from peak | -3.88% | -2.73% | -1.15% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -4.95% | -1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.92% | -0.05% |
Volatility
5MVL.DE vs. H4Z3.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 UCITS ETF USD (Acc) (H4Z3.DE) at 7.35%. This indicates that 5MVL.DE's price experiences larger fluctuations and is considered to be riskier than H4Z3.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 | H4Z3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.71% | 7.35% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 15.83% | 14.91% | +0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.13% | 17.54% | +1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 15.77% | +1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 15.77% | +3.07% |
5MVL.DE vs. H4Z3.DE - Expense Ratio Comparison
5MVL.DE has a 0.40% expense ratio, which is higher than H4Z3.DE's 0.15% expense ratio.
Dividends
5MVL.DE vs. H4Z3.DE - Dividend Comparison
Neither 5MVL.DE nor H4Z3.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, 5MVL.DE and H4Z3.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, H4Z3.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4Z3.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 H4Z3.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 H4Z3.DE.
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