EUNI.DE vs. H410.DE
EUNI.DE (iShares MSCI Emerging Markets Small Cap UCITS ETF) and H410.DE (HSBC MSCI Emerging Markets UCITS ETF USD) are both Emerging Markets Equities funds - EUNI.DE tracks the MSCI Emerging Markets Small Cap while H410.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, EUNI.DE returned 7.72%/yr vs 8.22%/yr for H410.DE. A 0.80 correlation means they provide meaningful diversification when combined. EUNI.DE charges 0.74%/yr vs 0.15%/yr for H410.DE.
Performance
EUNI.DE vs. H410.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNI.DE achieves a 10.09% return, which is significantly lower than H410.DE's 19.79% return. Over the past 10 years, EUNI.DE has underperformed H410.DE with an annualized return of 7.72%, while H410.DE has yielded a comparatively higher 8.22% annualized return.
EUNI.DE
- 1D
- -1.43%
- 1M
- -6.33%
- 6M
- 6.02%
- YTD
- 10.09%
- 1Y
- 13.86%
- 3Y*
- 10.97%
- 5Y*
- 5.85%
- 10Y*
- 7.72%
H410.DE
- 1D
- -1.87%
- 1M
- -8.04%
- 6M
- 12.07%
- YTD
- 19.79%
- 1Y
- 34.11%
- 3Y*
- 18.31%
- 5Y*
- 6.91%
- 10Y*
- 8.22%
EUNI.DE vs. H410.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNI.DE iShares MSCI Emerging Markets Small Cap UCITS ETF | 10.09% | 6.21% | 8.18% | 19.10% | -13.60% | 28.84% | 7.23% | 14.66% | -16.19% | 18.31% |
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD | 19.79% | 18.65% | 13.95% | 4.67% | -13.87% | 4.04% | 6.95% | 21.14% | -11.36% | 21.12% |
Correlation
The correlation between EUNI.DE and H410.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2011 | 0.80 |
The correlation between EUNI.DE and H410.DE has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.
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Return for Risk
EUNI.DE vs. H410.DE — Risk / Return Rank
EUNI.DE
H410.DE
EUNI.DE vs. H410.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Small Cap UCITS ETF (EUNI.DE) and HSBC MSCI Emerging Markets UCITS ETF USD (H410.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.
| EUNI.DE | H410.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.31 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 3.17 | -1.51 |
| Martin ratioReturn relative to average drawdown | 4.70 | 9.64 | -4.94 |
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Drawdowns
EUNI.DE vs. H410.DE - Drawdown Comparison
The maximum EUNI.DE drawdown since its inception was -41.88%, roughly equal to the maximum H410.DE drawdown of -41.02%. Use the drawdown chart below to compare losses from any high point for EUNI.DE and H410.DE.
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Drawdown Indicators
| EUNI.DE | H410.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.88% | -41.02% | -0.86% |
Max Drawdown (1Y)Largest decline over 1 year | -8.29% | -10.71% | +2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -19.01% | -2.14% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -22.77% | +1.62% |
Max Drawdown (10Y)Largest decline over 10 years | -41.88% | -31.62% | -10.26% |
Current DrawdownCurrent decline from peak | -8.29% | -10.71% | +2.42% |
Average DrawdownAverage peak-to-trough decline | -11.20% | -13.30% | +2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 3.53% | -0.59% |
Volatility
EUNI.DE vs. H410.DE - Volatility Comparison
The current volatility for iShares MSCI Emerging Markets Small Cap UCITS ETF (EUNI.DE) is 7.38%, while HSBC MSCI Emerging Markets UCITS ETF USD (H410.DE) has a volatility of 8.22%. This indicates that EUNI.DE experiences smaller price fluctuations and is considered to be less risky than H410.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNI.DE | H410.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 8.22% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 16.05% | 17.70% | -1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.46% | 20.15% | -1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.69% | 17.18% | -1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 18.31% | -1.33% |
EUNI.DE vs. H410.DE - Expense Ratio Comparison
EUNI.DE has a 0.74% expense ratio, which is higher than H410.DE's 0.15% expense ratio.
Dividends
EUNI.DE vs. H410.DE - Dividend Comparison
EUNI.DE's dividend yield for the trailing twelve months is around 1.04%, less than H410.DE's 1.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNI.DE iShares MSCI Emerging Markets Small Cap UCITS ETF | 1.04% | 1.83% | 1.74% | 2.11% | 2.47% | 1.23% | 1.77% | 2.02% | 2.14% | 1.45% | 2.00% | 0.85% |
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD | 1.71% | 2.00% | 2.40% | 2.59% | 3.11% | 2.00% | 1.69% | 2.03% | 2.20% | 1.62% | 1.71% | 2.28% |
Frequently Asked Questions
EUNI.DE and H410.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H410.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H410.DE is cheaper with a 0.15% expense ratio, compared with 0.74% for EUNI.DE.
EUNI.DE tracks MSCI Emerging Markets Small Cap, while H410.DE tracks MSCI Emerging Markets. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.74% for EUNI.DE and 0.15% for H410.DE.
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