AYEM.DE vs. H41E.DE
AYEM.DE (iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc)) and H41E.DE (HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - AYEM.DE tracks the MSCI Emerging Markets IMI ESG Screened while H41E.DE tracks the MSCI Emerging Markets Value SRI ESG Target Select. Both are passively managed. Over the past 3 years, AYEM.DE returned 20.23%/yr vs 27.78%/yr for H41E.DE. Their correlation of 0.93 suggests significant overlap in exposure. AYEM.DE charges 0.18%/yr vs 0.35%/yr for H41E.DE.
Performance
AYEM.DE vs. H41E.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AYEM.DE achieves a 26.90% return, which is significantly lower than H41E.DE's 39.52% return.
AYEM.DE
- 1D
- -1.29%
- 1M
- 4.35%
- YTD
- 26.90%
- 6M
- 27.17%
- 1Y
- 46.15%
- 3Y*
- 20.23%
- 5Y*
- 8.30%
- 10Y*
- —
H41E.DE
- 1D
- -1.46%
- 1M
- 8.62%
- YTD
- 39.52%
- 6M
- 41.09%
- 1Y
- 68.44%
- 3Y*
- 27.78%
- 5Y*
- —
- 10Y*
- —
AYEM.DE vs. H41E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AYEM.DE iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) | 26.90% | 17.51% | 14.02% | 6.81% | -3.00% |
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 AYEM.DE and H41E.DE is 0.95 - 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2022 | 0.93 |
The correlation between AYEM.DE and H41E.DE has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AYEM.DE vs. H41E.DE — Risk / Return Rank
AYEM.DE
H41E.DE
AYEM.DE vs. H41E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) (AYEM.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.
| AYEM.DE | H41E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.69 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.30 | 7.09 | -2.79 |
| Martin ratioReturn relative to average drawdown | 15.83 | 25.00 | -9.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AYEM.DE | H41E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.68 | 3.91 | -1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 1.56 | -0.98 |
Drawdowns
AYEM.DE vs. H41E.DE - Drawdown Comparison
The maximum AYEM.DE drawdown since its inception was -31.19%, 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 AYEM.DE and H41E.DE.
Loading charts...
Drawdown Indicators
| AYEM.DE | H41E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -20.92% | -10.27% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -9.80% | -1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -20.92% | +1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -23.38% | — | — |
Current DrawdownCurrent decline from peak | -2.20% | -3.33% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -8.38% | -3.10% | -5.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.79% | +0.21% |
Volatility
AYEM.DE vs. H41E.DE - Volatility Comparison
The current volatility for iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) (AYEM.DE) is 7.02%, while HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) (H41E.DE) has a volatility of 7.97%. This indicates that AYEM.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.
Loading charts...
Volatility by Period
| AYEM.DE | H41E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 7.97% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 14.89% | 14.66% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.68% | 17.80% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.40% | 16.06% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.62% | 16.06% | +2.56% |
AYEM.DE vs. H41E.DE - Expense Ratio Comparison
AYEM.DE has a 0.18% expense ratio, which is lower than H41E.DE's 0.35% expense ratio.
Dividends
AYEM.DE vs. H41E.DE - Dividend Comparison
Neither AYEM.DE nor H41E.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, AYEM.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, AYEM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AYEM.DE is cheaper with a 0.18% expense ratio, compared with 0.35% for H41E.DE.
AYEM.DE tracks MSCI Emerging Markets IMI ESG Screened, while H41E.DE tracks MSCI Emerging Markets Value SRI ESG Target Select. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.18% for AYEM.DE and 0.35% for H41E.DE.
Find the right allocation for AYEM.DE and H41E.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer