ALAG.L vs. 3190.HK
ALAG.L (Amundi MSCI Em Latin America UCITS ETF-C USD) and 3190.HK (Fubon Shanghai-Shenzhen-Hong Kong High Dividend Yield ETF) are both exchange-traded funds - ALAG.L is a Latin America Equities fund tracking the MSCI EM Latin America NR USD, while 3190.HK is a Dividend fund tracking the Hang Seng Shanghai-Shenzhen-Hong Kong (Selected Corporations) High Dividend Yield Index. Both are passively managed. Over the past 3 years, ALAG.L returned 10.97%/yr vs 22.86%/yr for 3190.HK. At a 0.13 correlation, their price movements are largely independent. ALAG.L charges 0.10%/yr vs 0.60%/yr for 3190.HK.
Performance
ALAG.L vs. 3190.HK - Performance Comparison
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Different Trading Currencies
ALAG.L is traded in GBp, while 3190.HK is traded in HKD. To make them comparable, the 3190.HK values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, ALAG.L achieves a 10.55% return, which is significantly higher than 3190.HK's 7.76% return.
ALAG.L
- 1D
- -0.47%
- 1M
- -6.14%
- YTD
- 10.55%
- 6M
- 7.97%
- 1Y
- 38.67%
- 3Y*
- 10.97%
- 5Y*
- 9.69%
- 10Y*
- 8.49%
3190.HK
- 1D
- -1.06%
- 1M
- -2.80%
- YTD
- 7.76%
- 6M
- 3.75%
- 1Y
- 30.39%
- 3Y*
- 22.86%
- 5Y*
- —
- 10Y*
- —
ALAG.L vs. 3190.HK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ALAG.L Amundi MSCI Em Latin America UCITS ETF-C USD | 10.55% | 44.31% | -25.31% | 25.10% | 9.28% |
3190.HK Fubon Shanghai-Shenzhen-Hong Kong High Dividend Yield ETF | 7.76% | 29.77% | 37.80% | 6.56% | -1.46% |
Correlation
The correlation between ALAG.L and 3190.HK is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2022 | 0.13 |
The correlation between ALAG.L and 3190.HK shifts across timeframes, from -0.02 (1 year) to 0.13 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ALAG.L vs. 3190.HK — Risk / Return Rank
ALAG.L
3190.HK
ALAG.L vs. 3190.HK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Em Latin America UCITS ETF-C USD (ALAG.L) and Fubon Shanghai-Shenzhen-Hong Kong High Dividend Yield ETF (3190.HK). 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.
| ALAG.L | 3190.HK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.33 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | 3.46 | +0.16 |
| Martin ratioReturn relative to average drawdown | 10.83 | 9.02 | +1.80 |
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
| ALAG.L | 3190.HK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 1.97 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 1.05 | -0.65 |
Drawdowns
ALAG.L vs. 3190.HK - Drawdown Comparison
The maximum ALAG.L drawdown since its inception was -48.94%, which is greater than 3190.HK's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for ALAG.L and 3190.HK.
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Drawdown Indicators
| ALAG.L | 3190.HK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.94% | -18.43% | -30.51% |
Max Drawdown (1Y)Largest decline over 1 year | -10.63% | -9.03% | -1.60% |
Max Drawdown (3Y)Largest decline over 3 years | -25.74% | -12.50% | -13.24% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.94% | — | — |
Current DrawdownCurrent decline from peak | -10.63% | -4.58% | -6.05% |
Average DrawdownAverage peak-to-trough decline | -12.08% | -5.28% | -6.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 3.42% | +0.14% |
Volatility
ALAG.L vs. 3190.HK - Volatility Comparison
Amundi MSCI Em Latin America UCITS ETF-C USD (ALAG.L) has a higher volatility of 4.67% compared to Fubon Shanghai-Shenzhen-Hong Kong High Dividend Yield ETF (3190.HK) at 3.71%. This indicates that ALAG.L's price experiences larger fluctuations and is considered to be riskier than 3190.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALAG.L | 3190.HK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.67% | 3.71% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 15.08% | 11.78% | +3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.38% | 15.83% | +1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.42% | 19.47% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.89% | 19.47% | +5.42% |
ALAG.L vs. 3190.HK - Expense Ratio Comparison
ALAG.L has a 0.10% expense ratio, which is lower than 3190.HK's 0.60% expense ratio.
Dividends
ALAG.L vs. 3190.HK - Dividend Comparison
ALAG.L has not paid dividends to shareholders, while 3190.HK's dividend yield for the trailing twelve months is around 6.02%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
3190.HK Fubon Shanghai-Shenzhen-Hong Kong High Dividend Yield ETF | 6.02% | 6.12% | 6.82% | 8.53% | 3.11% |
ALAG.L Amundi MSCI Em Latin America UCITS ETF-C USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ALAG.L and 3190.HK have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ALAG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ALAG.L is cheaper with a 0.10% expense ratio, compared with 0.60% for 3190.HK.
ALAG.L is categorized as Latin America Equities, while 3190.HK is Dividend. ALAG.L tracks MSCI EM Latin America NR USD, while 3190.HK tracks Hang Seng Shanghai-Shenzhen-Hong Kong (Selected Corporations) High Dividend Yield Index. They also come from different issuers: Amundi and Fubon. Their fees differ too: 0.10% for ALAG.L and 0.60% for 3190.HK.
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