AE5A.DE vs. H4Z1.DE
AE5A.DE (Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist) and H4Z1.DE (HSBC Emerging Market Sustainable Equity UCITS ETF USD) are both Emerging Markets Equities funds - AE5A.DE tracks the MSCI Emerging Markets Index while H4Z1.DE tracks the FTSE Emerging ESG Low Carbon Select. Both are passively managed. Over the past 5 years, AE5A.DE returned 8.49%/yr vs 7.17%/yr for H4Z1.DE. Their correlation of 0.93 suggests significant overlap in exposure. AE5A.DE charges 0.14%/yr vs 0.18%/yr for H4Z1.DE.
Performance
AE5A.DE vs. H4Z1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AE5A.DE achieves a 27.41% return, which is significantly higher than H4Z1.DE's 16.02% return.
AE5A.DE
- 1D
- -1.54%
- 1M
- 3.57%
- YTD
- 27.41%
- 6M
- 28.14%
- 1Y
- 48.94%
- 3Y*
- 20.90%
- 5Y*
- 8.49%
- 10Y*
- 9.98%
H4Z1.DE
- 1D
- -0.86%
- 1M
- 0.82%
- YTD
- 16.02%
- 6M
- 14.48%
- 1Y
- 33.76%
- 3Y*
- 17.28%
- 5Y*
- 7.17%
- 10Y*
- —
AE5A.DE vs. H4Z1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AE5A.DE Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 27.41% | 19.26% | 14.36% | 5.58% | -14.19% | 4.19% | 15.00% |
H4Z1.DE HSBC Emerging Market Sustainable Equity UCITS ETF USD | 16.02% | 14.83% | 22.34% | 0.83% | -12.35% | 8.61% | 12.24% |
Correlation
The correlation between AE5A.DE and H4Z1.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2020 | 0.93 |
The correlation between AE5A.DE and H4Z1.DE has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
AE5A.DE vs. H4Z1.DE — Risk / Return Rank
AE5A.DE
H4Z1.DE
AE5A.DE vs. H4Z1.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 Emerging Market Sustainable Equity UCITS ETF USD (H4Z1.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.
| AE5A.DE | H4Z1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.37 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.80 | 3.73 | +1.07 |
| Martin ratioReturn relative to average drawdown | 17.35 | 13.07 | +4.28 |
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
| AE5A.DE | H4Z1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.79 | 2.15 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.44 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.64 | -0.22 |
Drawdowns
AE5A.DE vs. H4Z1.DE - Drawdown Comparison
The maximum AE5A.DE drawdown since its inception was -36.16%, which is greater than H4Z1.DE's maximum drawdown of -22.16%. Use the drawdown chart below to compare losses from any high point for AE5A.DE and H4Z1.DE.
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Drawdown Indicators
| AE5A.DE | H4Z1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.16% | -22.16% | -14.00% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -9.18% | -1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -19.22% | -19.53% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -23.47% | -20.44% | -3.03% |
Max Drawdown (10Y)Largest decline over 10 years | -32.24% | — | — |
Current DrawdownCurrent decline from peak | -2.56% | -2.40% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -9.72% | -8.60% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.62% | +0.25% |
Volatility
AE5A.DE vs. H4Z1.DE - Volatility Comparison
Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist (AE5A.DE) has a higher volatility of 7.32% compared to HSBC Emerging Market Sustainable Equity UCITS ETF USD (H4Z1.DE) at 5.70%. This indicates that AE5A.DE's price experiences larger fluctuations and is considered to be riskier than H4Z1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AE5A.DE | H4Z1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | 5.70% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 14.97% | 12.47% | +2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.82% | 15.94% | +1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 16.24% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.05% | 16.17% | +2.88% |
AE5A.DE vs. H4Z1.DE - Expense Ratio Comparison
AE5A.DE has a 0.14% expense ratio, which is lower than H4Z1.DE's 0.18% 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. H4Z1.DE - Dividend Comparison
AE5A.DE's dividend yield for the trailing twelve months is around 1.69%, while H4Z1.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AE5A.DE Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 1.69% | 2.15% | 3.38% | 3.80% | 2.44% | 1.62% | 1.71% | 2.01% | 2.17% |
H4Z1.DE HSBC Emerging Market Sustainable Equity UCITS ETF USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AE5A.DE and H4Z1.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.18% for H4Z1.DE.
AE5A.DE tracks MSCI Emerging Markets Index, while H4Z1.DE tracks FTSE Emerging ESG Low Carbon Select. They also come from different issuers: Amundi and HSBC. Their fees differ too: 0.14% for AE5A.DE and 0.18% for H4Z1.DE.
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