ESRI.DE vs. H41E.DE

Last updated Jun 5, 2026

ESRI.DE (BNP Paribas Easy MSCI Emerging SRI S-Series PAB 5% Capped UCITS ETF USD Acc) and H41E.DE (HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - ESRI.DE tracks the MSCI Emerging SRI S-Series PAB 5% Capped while H41E.DE tracks the MSCI Emerging Markets Value SRI ESG Target Select. Both are passively managed. Over the past 3 years, ESRI.DE returned 14.68%/yr vs 31.26%/yr for H41E.DE. Their correlation of 0.89 suggests significant overlap in exposure. ESRI.DE charges 0.30%/yr vs 0.35%/yr for H41E.DE.

Performance

ESRI.DE vs. H41E.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNP Paribas Easy MSCI Emerging SRI S-Series PAB 5% Capped UCITS ETF USD Acc (ESRI.DE) and HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) (H41E.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ESRI.DE is traded in USD, while H41E.DE is traded in EUR. To make them comparable, the H41E.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ESRI.DE achieves a 15.11% return, which is significantly lower than H41E.DE's 37.92% return.

ESRI.DE

• 1D: -1.32%
• 1M: 3.40%
• YTD: 15.11%
• 6M: 17.12%
• 1Y: 29.56%
• 3Y*: 14.68%
• 5Y*: 3.52%
• 10Y*: —

H41E.DE

• 1D: -1.34%
• 1M: 10.68%
• YTD: 37.92%
• 6M: 42.59%
• 1Y: 72.81%
• 3Y*: 31.26%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ESRI.DE vs. H41E.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ESRI.DE BNP Paribas Easy MSCI Emerging SRI S-Series PAB 5% Capped UCITS ETF USD Acc	15.11%	25.41%	0.66%	4.70%	-1.42%
H41E.DE HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc)	37.92%	37.75%	11.01%	14.95%	-0.46%

Correlation

The correlation between ESRI.DE and H41E.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	0.89
Correlation (All Time) Calculated using the full available price history since Dec 12, 2022	0.89

The correlation between ESRI.DE and H41E.DE has been stable across timeframes, ranging from 0.89 to 0.89 - a consistent structural relationship.

Return for Risk

ESRI.DE vs. H41E.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ESRI.DE

ESRI.DE Risk / Return Rank: 49
ESRI.DE Sharpe Ratio Rank: 49
ESRI.DE Sortino Ratio Rank: 49
ESRI.DE Omega Ratio Rank: 53
ESRI.DE Calmar Ratio Rank: 45
ESRI.DE Martin Ratio Rank: 49

H41E.DE

H41E.DE Risk / Return Rank: 94
H41E.DE Sharpe Ratio Rank: 95
H41E.DE Sortino Ratio Rank: 95
H41E.DE Omega Ratio Rank: 94
H41E.DE Calmar Ratio Rank: 94
H41E.DE Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ESRI.DE vs. H41E.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI Emerging SRI S-Series PAB 5% Capped UCITS ETF USD Acc (ESRI.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.

	ESRI.DE	H41E.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.66	3.82	-2.16
Sortino ratio: Return per unit of downside risk	2.36	4.79	-2.43
Omega ratio: Gain probability vs. loss probability	1.32	1.65	-0.32
Calmar ratio: Return relative to maximum drawdown	2.20	5.99	-3.79
Martin ratio: Return relative to average drawdown	8.03	21.93	-13.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESRI.DE vs. H41E.DE - Sharpe Ratio Comparison

The current ESRI.DE Sharpe Ratio is 1.66, which is lower than the H41E.DE Sharpe Ratio of 3.82. The chart below compares the historical Sharpe Ratios of ESRI.DE and H41E.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ESRI.DE	H41E.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.66	3.82	-2.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	1.63	-1.21

Drawdowns

ESRI.DE vs. H41E.DE - Drawdown Comparison

The maximum ESRI.DE drawdown since its inception was -42.02%, which is greater than H41E.DE's maximum drawdown of -18.55%. Use the drawdown chart below to compare losses from any high point for ESRI.DE and H41E.DE.

Drawdown Indicators

	ESRI.DE	H41E.DE	Difference
Max Drawdown Largest peak-to-trough decline	-42.02%	-18.55%	-23.47%
Max Drawdown (1Y) Largest decline over 1 year	-13.38%	-12.09%	-1.29%
Max Drawdown (3Y) Largest decline over 3 years	-19.72%	-18.55%	-1.17%
Max Drawdown (5Y) Largest decline over 5 years	-31.45%	—	—
Current Drawdown Current decline from peak	-2.41%	-3.48%	+1.07%
Average Drawdown Average peak-to-trough decline	-13.05%	-3.40%	-9.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.67%	3.31%	+0.36%

Volatility

ESRI.DE vs. H41E.DE - Volatility Comparison

The current volatility for BNP Paribas Easy MSCI Emerging SRI S-Series PAB 5% Capped UCITS ETF USD Acc (ESRI.DE) is 6.75%, while HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) (H41E.DE) has a volatility of 8.41%. This indicates that ESRI.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.

Volatility by Period

	ESRI.DE	H41E.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.75%	8.41%	-1.66%
Volatility (6M) Calculated over the trailing 6-month period	15.51%	15.96%	-0.45%
Volatility (1Y) Calculated over the trailing 1-year period	17.78%	18.99%	-1.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.84%	17.54%	-0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.78%	17.54%	+1.24%

ESRI.DE vs. H41E.DE - Expense Ratio Comparison

ESRI.DE has a 0.30% expense ratio, which is lower than H41E.DE's 0.35% expense ratio.

Dividends

ESRI.DE vs. H41E.DE - Dividend Comparison

Neither ESRI.DE nor H41E.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ESRI.DE and H41E.DE in my portfolio?

ESRI.DE and H41E.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.

Which ETF is better, ESRI.DE or H41E.DE?

On fees, ESRI.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESRI.DE or H41E.DE?

ESRI.DE is cheaper with a 0.30% expense ratio, compared with 0.35% for H41E.DE.

What is the main difference between ESRI.DE and H41E.DE?

ESRI.DE tracks MSCI Emerging SRI S-Series PAB 5% Capped, while H41E.DE tracks MSCI Emerging Markets Value SRI ESG Target Select. They also come from different issuers: BNP Paribas and HSBC. Their fees differ too: 0.30% for ESRI.DE and 0.35% for H41E.DE.