AE5A.DE vs. H410.DE
AE5A.DE (Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist) and H410.DE (HSBC MSCI Emerging Markets UCITS ETF USD) are both Emerging Markets Equities funds - AE5A.DE tracks the MSCI Emerging Markets Index while H410.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 3 years, AE5A.DE returned 21.83%/yr vs 20.80%/yr for H410.DE. With a 0.98 correlation, they move nearly in lockstep. AE5A.DE charges 0.14%/yr vs 0.15%/yr for H410.DE.
Performance
AE5A.DE vs. H410.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AE5A.DE achieves a 28.98% return, which is significantly higher than H410.DE's 27.39% return.
AE5A.DE
- 1D
- 0.00%
- 1M
- 2.15%
- YTD
- 28.98%
- 6M
- 31.03%
- 1Y
- 48.92%
- 3Y*
- 21.83%
- 5Y*
- —
- 10Y*
- —
H410.DE
- 1D
- -1.24%
- 1M
- 0.53%
- YTD
- 27.39%
- 6M
- 29.46%
- 1Y
- 46.98%
- 3Y*
- 20.80%
- 5Y*
- 7.83%
- 10Y*
- 9.78%
AE5A.DE vs. H410.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AE5A.DE Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 28.98% | 19.26% | 14.36% | 4.85% |
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD | 27.39% | 18.65% | 13.95% | 3.65% |
Correlation
The correlation between AE5A.DE and H410.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2023 | 0.98 |
The correlation between AE5A.DE and H410.DE has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
AE5A.DE vs. H410.DE — Risk / Return Rank
AE5A.DE
H410.DE
AE5A.DE vs. H410.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist (AE5A.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.
| AE5A.DE | H410.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.44 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.73 | 4.44 | +0.29 |
| Martin ratioReturn relative to average drawdown | 16.27 | 15.04 | +1.23 |
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Drawdowns
AE5A.DE vs. H410.DE - Drawdown Comparison
The maximum AE5A.DE drawdown since its inception was -19.22%, smaller than the maximum H410.DE drawdown of -41.02%. Use the drawdown chart below to compare losses from any high point for AE5A.DE and H410.DE.
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Drawdown Indicators
| AE5A.DE | H410.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.22% | -41.02% | +21.80% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -10.47% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -19.22% | -19.01% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.62% | — |
Current DrawdownCurrent decline from peak | -3.90% | -5.04% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -13.33% | +10.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 3.10% | -0.09% |
Volatility
AE5A.DE vs. H410.DE - Volatility Comparison
Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist (AE5A.DE) and HSBC MSCI Emerging Markets UCITS ETF USD (H410.DE) have volatilities of 8.87% and 8.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AE5A.DE | H410.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.87% | 8.77% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 16.78% | 16.81% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.32% | 19.15% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.38% | 17.00% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.38% | 18.27% | -1.89% |
AE5A.DE vs. H410.DE - Expense Ratio Comparison
AE5A.DE has a 0.14% expense ratio, which is lower than H410.DE's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AE5A.DE vs. H410.DE - Dividend Comparison
AE5A.DE's dividend yield for the trailing twelve months is around 1.67%, more than H410.DE's 1.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AE5A.DE Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 1.67% | 2.15% | 3.38% | 3.80% | 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 | 1.60% | 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 0.98, AE5A.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, AE5A.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AE5A.DE is cheaper with a 0.14% expense ratio, compared with 0.15% for H410.DE.
AE5A.DE tracks MSCI Emerging Markets Index, while H410.DE tracks MSCI Emerging Markets. They also come from different issuers: Amundi and HSBC. Their fees differ too: 0.14% for AE5A.DE and 0.15% for H410.DE.
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