AVEM.DE vs. H41E.DE
AVEM.DE (Avantis Emerging Markets Equity UCITS ETF USD Acc) and H41E.DE (HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc)) are both Emerging Markets Equities funds. AVEM.DE is actively managed, while H41E.DE is passively managed. Over the past year, AVEM.DE returned 32.37% vs 58.60% for H41E.DE. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.
Performance
AVEM.DE vs. H41E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AVEM.DE achieves a 17.97% return, which is significantly lower than H41E.DE's 37.18% return.
AVEM.DE
- 1D
- -1.72%
- 1M
- -6.89%
- 6M
- 12.41%
- YTD
- 17.97%
- 1Y
- 32.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
H41E.DE
- 1D
- 0.00%
- 1M
- -3.84%
- 6M
- 28.87%
- YTD
- 37.18%
- 1Y
- 58.60%
- 3Y*
- 27.53%
- 5Y*
- —
- 10Y*
- —
AVEM.DE vs. H41E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AVEM.DE Avantis Emerging Markets Equity UCITS ETF USD Acc | 17.97% | 21.39% | -2.44% |
H41E.DE HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) | 37.18% | 22.02% | -1.30% |
Correlation
The correlation between AVEM.DE and H41E.DE is 0.84, 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 | 0.84 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024 | 0.86 |
The correlation between AVEM.DE and H41E.DE has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.
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Return for Risk
AVEM.DE vs. H41E.DE — Risk / Return Rank
AVEM.DE
H41E.DE
AVEM.DE vs. H41E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets Equity UCITS ETF USD Acc (AVEM.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.
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.
| AVEM.DE | H41E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.50 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 6.01 | -3.24 |
| Martin ratioReturn relative to average drawdown | 9.84 | 17.37 | -7.53 |
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Drawdowns
AVEM.DE vs. H41E.DE - Drawdown Comparison
The maximum AVEM.DE drawdown since its inception was -18.44%, smaller than the maximum H41E.DE drawdown of -20.92%. Use the drawdown chart below to compare losses from any high point for AVEM.DE and H41E.DE.
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Drawdown Indicators
| AVEM.DE | H41E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.44% | -20.92% | +2.48% |
Max Drawdown (1Y)Largest decline over 1 year | -12.03% | -9.80% | -2.23% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.92% | — |
Current DrawdownCurrent decline from peak | -9.73% | -7.77% | -1.96% |
Average DrawdownAverage peak-to-trough decline | -2.66% | -3.16% | +0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 3.39% | 0.00% |
Volatility
AVEM.DE vs. H41E.DE - Volatility Comparison
Avantis Emerging Markets Equity UCITS ETF USD Acc (AVEM.DE) and HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) (H41E.DE) have volatilities of 9.61% and 9.20%, 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
| AVEM.DE | H41E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.61% | 9.20% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 18.01% | 17.61% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.27% | 20.38% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.56% | 16.79% | +2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.56% | 16.79% | +2.77% |
AVEM.DE vs. H41E.DE - Expense Ratio Comparison
Both AVEM.DE and H41E.DE have an expense ratio of 0.35%.
Dividends
AVEM.DE vs. H41E.DE - Dividend Comparison
Neither AVEM.DE nor H41E.DE has paid dividends to shareholders.
Frequently Asked Questions
AVEM.DE and H41E.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
AVEM.DE and H41E.DE have the same expense ratio: 0.35% per year.
They also come from different issuers: Avantis and HSBC.
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