84X0.DE vs. H41E.DE
84X0.DE (iShares MSCI EM ex-China UCITS ETF USD Acc) and H41E.DE (HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - 84X0.DE tracks the MSCI Emerging Markets ex China Index (Net) while H41E.DE tracks the MSCI Emerging Markets Value SRI ESG Target Select. Both are passively managed. Over the past year, 84X0.DE returned 67.73% vs 68.44% for H41E.DE. Their correlation of 0.86 suggests significant overlap in exposure. 84X0.DE charges 0.18%/yr vs 0.35%/yr for H41E.DE.
Performance
84X0.DE vs. H41E.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with 84X0.DE having a 40.37% return and H41E.DE slightly lower at 39.52%.
84X0.DE
- 1D
- -1.73%
- 1M
- 5.67%
- YTD
- 40.37%
- 6M
- 42.72%
- 1Y
- 67.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
H41E.DE
- 1D
- -1.46%
- 1M
- 8.62%
- YTD
- 39.52%
- 6M
- 41.09%
- 1Y
- 68.44%
- 3Y*
- 27.78%
- 5Y*
- —
- 10Y*
- —
84X0.DE vs. H41E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
84X0.DE iShares MSCI EM ex-China UCITS ETF USD Acc | 40.37% | 19.85% | 9.62% | 7.38% |
H41E.DE HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) | 39.52% | 22.02% | 17.74% | 3.83% |
Correlation
The correlation between 84X0.DE and H41E.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 (All Time) Calculated using the full available price history since Nov 6, 2023 | 0.86 |
The correlation between 84X0.DE and H41E.DE has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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Return for Risk
84X0.DE vs. H41E.DE — Risk / Return Rank
84X0.DE
H41E.DE
84X0.DE vs. H41E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.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.
| 84X0.DE | H41E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.69 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 5.88 | 7.09 | -1.22 |
| Martin ratioReturn relative to average drawdown | 21.92 | 25.00 | -3.08 |
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
| 84X0.DE | H41E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.52 | 3.91 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.77 | 1.56 | +0.21 |
Drawdowns
84X0.DE vs. H41E.DE - Drawdown Comparison
The maximum 84X0.DE drawdown since its inception was -19.72%, smaller than the maximum H41E.DE drawdown of -20.92%. Use the drawdown chart below to compare losses from any high point for 84X0.DE and H41E.DE.
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Drawdown Indicators
| 84X0.DE | H41E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.72% | -20.92% | +1.20% |
Max Drawdown (1Y)Largest decline over 1 year | -11.66% | -9.80% | -1.86% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.92% | — |
Current DrawdownCurrent decline from peak | -2.49% | -3.33% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -2.70% | -3.10% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.79% | +0.34% |
Volatility
84X0.DE vs. H41E.DE - Volatility Comparison
iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.DE) has a higher volatility of 8.41% compared to HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) (H41E.DE) at 7.97%. This indicates that 84X0.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
| 84X0.DE | H41E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.41% | 7.97% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 16.93% | 14.66% | +2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.46% | 17.80% | +1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 16.06% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.11% | 16.06% | +1.05% |
84X0.DE vs. H41E.DE - Expense Ratio Comparison
84X0.DE has a 0.18% expense ratio, which is lower than H41E.DE's 0.35% expense ratio.
Dividends
84X0.DE vs. H41E.DE - Dividend Comparison
Neither 84X0.DE nor H41E.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, 84X0.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, 84X0.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
84X0.DE is cheaper with a 0.18% expense ratio, compared with 0.35% for H41E.DE.
84X0.DE tracks MSCI Emerging Markets ex China Index (Net), 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: 0.18% for 84X0.DE and 0.35% for H41E.DE.
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