EMKX.DE vs. H4Z1.DE
EMKX.DE (BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF) and H4Z1.DE (HSBC Emerging Market Sustainable Equity UCITS ETF USD) are both Emerging Markets Equities funds - EMKX.DE tracks the MSCI Emerging Markets ESG Filtered Min TE while H4Z1.DE tracks the FTSE Emerging ESG Low Carbon Select. Both are passively managed. Over the past 5 years, EMKX.DE returned 7.82%/yr vs 7.17%/yr for H4Z1.DE. Their correlation of 0.94 suggests significant overlap in exposure. EMKX.DE charges 0.26%/yr vs 0.18%/yr for H4Z1.DE.
Performance
EMKX.DE vs. H4Z1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMKX.DE achieves a 26.91% return, which is significantly higher than H4Z1.DE's 16.02% return.
EMKX.DE
- 1D
- -1.49%
- 1M
- 3.66%
- YTD
- 26.91%
- 6M
- 27.47%
- 1Y
- 47.96%
- 3Y*
- 20.45%
- 5Y*
- 7.82%
- 10Y*
- —
H4Z1.DE
- 1D
- -0.86%
- 1M
- 0.82%
- YTD
- 16.02%
- 6M
- 14.48%
- 1Y
- 33.76%
- 3Y*
- 17.28%
- 5Y*
- 7.17%
- 10Y*
- —
EMKX.DE vs. H4Z1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EMKX.DE BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF | 26.91% | 18.66% | 14.62% | 4.95% | -15.64% | 4.35% | 14.54% |
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 EMKX.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 | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2020 | 0.94 |
The correlation between EMKX.DE and H4Z1.DE has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
EMKX.DE vs. H4Z1.DE — Risk / Return Rank
EMKX.DE
H4Z1.DE
EMKX.DE vs. H4Z1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF (EMKX.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.
| EMKX.DE | H4Z1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.37 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.43 | 3.73 | +0.71 |
| Martin ratioReturn relative to average drawdown | 16.29 | 13.07 | +3.22 |
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
| EMKX.DE | H4Z1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.73 | 2.15 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.44 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.64 | -0.15 |
Drawdowns
EMKX.DE vs. H4Z1.DE - Drawdown Comparison
The maximum EMKX.DE drawdown since its inception was -31.68%, 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 EMKX.DE and H4Z1.DE.
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Drawdown Indicators
| EMKX.DE | H4Z1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.68% | -22.16% | -9.52% |
Max Drawdown (1Y)Largest decline over 1 year | -10.98% | -9.18% | -1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -19.38% | -19.53% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -25.29% | -20.44% | -4.85% |
Current DrawdownCurrent decline from peak | -2.57% | -2.40% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -9.46% | -8.60% | -0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 2.62% | +0.37% |
Volatility
EMKX.DE vs. H4Z1.DE - Volatility Comparison
BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF (EMKX.DE) has a higher volatility of 7.51% compared to HSBC Emerging Market Sustainable Equity UCITS ETF USD (H4Z1.DE) at 5.70%. This indicates that EMKX.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
| EMKX.DE | H4Z1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.51% | 5.70% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 15.21% | 12.47% | +2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.88% | 15.94% | +1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 16.24% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.30% | 16.17% | +2.13% |
EMKX.DE vs. H4Z1.DE - Expense Ratio Comparison
EMKX.DE has a 0.26% expense ratio, which is higher than H4Z1.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EMKX.DE vs. H4Z1.DE - Dividend Comparison
Neither EMKX.DE nor H4Z1.DE has paid dividends to shareholders.
Frequently Asked Questions
EMKX.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, H4Z1.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4Z1.DE is cheaper with a 0.18% expense ratio, compared with 0.26% for EMKX.DE.
EMKX.DE tracks MSCI Emerging Markets ESG Filtered Min TE, while H4Z1.DE tracks FTSE Emerging ESG Low Carbon Select. They also come from different issuers: BNP Paribas and HSBC. Their fees differ too: 0.26% for EMKX.DE and 0.18% for H4Z1.DE.
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