AMEM.DE vs. H41E.DE
AMEM.DE (Amundi MSCI Emerging Markets UCITS ETF EUR) and H41E.DE (HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - AMEM.DE tracks the MSCI Emerging Markets while H41E.DE tracks the MSCI Emerging Markets Value SRI ESG Target Select. Both are passively managed. Over the past 3 years, AMEM.DE returned 20.85%/yr vs 27.78%/yr for H41E.DE. With a 0.95 correlation, they move nearly in lockstep. AMEM.DE charges 0.20%/yr vs 0.35%/yr for H41E.DE.
Performance
AMEM.DE vs. H41E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AMEM.DE achieves a 27.34% return, which is significantly lower than H41E.DE's 39.52% return.
AMEM.DE
- 1D
- -1.57%
- 1M
- 5.93%
- YTD
- 27.34%
- 6M
- 29.35%
- 1Y
- 49.79%
- 3Y*
- 20.85%
- 5Y*
- 8.42%
- 10Y*
- 9.86%
H41E.DE
- 1D
- -1.46%
- 1M
- 11.44%
- YTD
- 39.52%
- 6M
- 42.99%
- 1Y
- 69.89%
- 3Y*
- 27.78%
- 5Y*
- —
- 10Y*
- —
AMEM.DE vs. H41E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AMEM.DE Amundi MSCI Emerging Markets UCITS ETF EUR | 27.34% | 19.31% | 13.70% | 5.24% | -3.02% |
H41E.DE HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) | 39.52% | 22.02% | 17.74% | 11.43% | -2.00% |
Correlation
The correlation between AMEM.DE and H41E.DE is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2022 | 0.95 |
The correlation between AMEM.DE and H41E.DE has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
AMEM.DE vs. H41E.DE — Risk / Return Rank
AMEM.DE
H41E.DE
AMEM.DE vs. H41E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.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.
| AMEM.DE | H41E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.69 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.65 | 7.09 | -2.44 |
| Martin ratioReturn relative to average drawdown | 16.89 | 25.00 | -8.11 |
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
| AMEM.DE | H41E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.80 | 3.91 | -1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 1.56 | -1.22 |
Drawdowns
AMEM.DE vs. H41E.DE - Drawdown Comparison
The maximum AMEM.DE drawdown since its inception was -35.87%, which is greater than H41E.DE's maximum drawdown of -20.92%. Use the drawdown chart below to compare losses from any high point for AMEM.DE and H41E.DE.
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Drawdown Indicators
| AMEM.DE | H41E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.87% | -20.92% | -14.95% |
Max Drawdown (1Y)Largest decline over 1 year | -10.65% | -9.80% | -0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -19.22% | -20.92% | +1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -23.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.93% | — | — |
Current DrawdownCurrent decline from peak | -2.62% | -3.33% | +0.71% |
Average DrawdownAverage peak-to-trough decline | -10.29% | -3.10% | -7.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 2.79% | +0.15% |
Volatility
AMEM.DE vs. H41E.DE - Volatility Comparison
The current volatility for Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.DE) is 7.41%, while HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) (H41E.DE) has a volatility of 7.97%. This indicates that AMEM.DE experiences smaller price fluctuations and is considered to be less risky 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
| AMEM.DE | H41E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.41% | 7.97% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 15.02% | 14.66% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.74% | 17.80% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 16.06% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.28% | 16.06% | +2.22% |
AMEM.DE vs. H41E.DE - Expense Ratio Comparison
AMEM.DE has a 0.20% expense ratio, which is lower than H41E.DE's 0.35% expense ratio.
Dividends
AMEM.DE vs. H41E.DE - Dividend Comparison
Neither AMEM.DE nor H41E.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, AMEM.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, AMEM.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMEM.DE is cheaper with a 0.20% expense ratio, compared with 0.35% for H41E.DE.
AMEM.DE tracks MSCI Emerging Markets, while H41E.DE tracks MSCI Emerging Markets Value SRI ESG Target Select. They also come from different issuers: Amundi and HSBC. Their fees differ too: 0.20% for AMEM.DE and 0.35% for H41E.DE.
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