EUNI.DE vs. H4Z1.DE
EUNI.DE (iShares MSCI Emerging Markets Small Cap UCITS ETF) and H4Z1.DE (HSBC Emerging Market Sustainable Equity UCITS ETF USD) are both Emerging Markets Equities funds - EUNI.DE tracks the MSCI Emerging Markets Small Cap while H4Z1.DE tracks the FTSE Emerging ESG Low Carbon Select. Both are passively managed. Over the past 5 years, EUNI.DE returned 7.89%/yr vs 7.17%/yr for H4Z1.DE. A 0.73 correlation means they provide meaningful diversification when combined. EUNI.DE charges 0.74%/yr vs 0.18%/yr for H4Z1.DE.
Performance
EUNI.DE vs. H4Z1.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EUNI.DE having a 16.80% return and H4Z1.DE slightly lower at 16.02%.
EUNI.DE
- 1D
- -0.41%
- 1M
- -0.02%
- YTD
- 16.80%
- 6M
- 15.58%
- 1Y
- 26.07%
- 3Y*
- 13.85%
- 5Y*
- 7.89%
- 10Y*
- 8.99%
H4Z1.DE
- 1D
- -0.86%
- 1M
- 0.82%
- YTD
- 16.02%
- 6M
- 14.48%
- 1Y
- 33.76%
- 3Y*
- 17.28%
- 5Y*
- 7.17%
- 10Y*
- —
EUNI.DE vs. H4Z1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EUNI.DE iShares MSCI Emerging Markets Small Cap UCITS ETF | 16.80% | 6.21% | 8.18% | 19.10% | -13.60% | 28.84% | 15.69% |
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 EUNI.DE and H4Z1.DE is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2020 | 0.73 |
The correlation between EUNI.DE and H4Z1.DE has been stable across timeframes, ranging from 0.71 to 0.74 - a consistent structural relationship.
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Return for Risk
EUNI.DE vs. H4Z1.DE — Risk / Return Rank
EUNI.DE
H4Z1.DE
EUNI.DE vs. H4Z1.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 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.
| EUNI.DE | H4Z1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 3.73 | -0.50 |
| Martin ratioReturn relative to average drawdown | 10.53 | 13.07 | -2.55 |
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
| EUNI.DE | H4Z1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 2.15 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.44 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.64 | -0.23 |
Drawdowns
EUNI.DE vs. H4Z1.DE - Drawdown Comparison
The maximum EUNI.DE drawdown since its inception was -41.89%, 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 EUNI.DE and H4Z1.DE.
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Drawdown Indicators
| EUNI.DE | H4Z1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.89% | -22.16% | -19.73% |
Max Drawdown (1Y)Largest decline over 1 year | -7.95% | -9.18% | +1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -19.53% | -1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -20.44% | -0.71% |
Max Drawdown (10Y)Largest decline over 10 years | -41.89% | — | — |
Current DrawdownCurrent decline from peak | -2.54% | -2.40% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -10.57% | -8.60% | -1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.62% | -0.18% |
Volatility
EUNI.DE vs. H4Z1.DE - Volatility Comparison
iShares MSCI Emerging Markets Small Cap UCITS ETF (EUNI.DE) has a higher volatility of 6.91% compared to HSBC Emerging Market Sustainable Equity UCITS ETF USD (H4Z1.DE) at 5.70%. This indicates that EUNI.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
| EUNI.DE | H4Z1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 5.70% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 14.01% | 12.47% | +1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.45% | 15.94% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 16.24% | -1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 16.17% | +0.67% |
EUNI.DE vs. H4Z1.DE - Expense Ratio Comparison
EUNI.DE has a 0.74% expense ratio, which is higher than H4Z1.DE's 0.18% expense ratio.
Dividends
EUNI.DE vs. H4Z1.DE - Dividend Comparison
EUNI.DE's dividend yield for the trailing twelve months is around 0.81%, while H4Z1.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNI.DE iShares MSCI Emerging Markets Small Cap UCITS ETF | 0.81% | 1.83% | 1.74% | 2.11% | 2.47% | 1.23% | 1.77% | 2.02% | 2.14% | 1.45% | 2.00% | 0.85% |
H4Z1.DE HSBC Emerging Market Sustainable Equity UCITS ETF USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUNI.DE and H4Z1.DE have a correlation of 0.74, 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 0.74% for EUNI.DE.
EUNI.DE tracks MSCI Emerging Markets Small Cap, while H4Z1.DE tracks FTSE Emerging ESG Low Carbon Select. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.74% for EUNI.DE and 0.18% for H4Z1.DE.
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