EUNY.DE vs. H4Z3.DE
EUNY.DE (iShares Emerging Markets Dividend UCITS ETF) and H4Z3.DE (HSBC MSCI Emerging Markets UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - EUNY.DE tracks the Dow Jones Emerging Markets Select Dividend while H4Z3.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 3 years, EUNY.DE returned 17.26%/yr vs 20.42%/yr for H4Z3.DE. A 0.72 correlation means they provide meaningful diversification when combined. EUNY.DE charges 0.65%/yr vs 0.15%/yr for H4Z3.DE.
Performance
EUNY.DE vs. H4Z3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNY.DE achieves a 11.46% return, which is significantly lower than H4Z3.DE's 27.75% return.
EUNY.DE
- 1D
- -0.55%
- 1M
- -2.26%
- YTD
- 11.46%
- 6M
- 11.18%
- 1Y
- 25.40%
- 3Y*
- 17.26%
- 5Y*
- 5.28%
- 10Y*
- 7.14%
H4Z3.DE
- 1D
- -1.67%
- 1M
- 3.67%
- YTD
- 27.75%
- 6M
- 28.22%
- 1Y
- 49.05%
- 3Y*
- 20.42%
- 5Y*
- —
- 10Y*
- —
EUNY.DE vs. H4Z3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EUNY.DE iShares Emerging Markets Dividend UCITS ETF | 11.46% | 13.97% | 12.39% | 15.37% | -4.19% |
H4Z3.DE HSBC MSCI Emerging Markets UCITS ETF USD (Acc) | 27.75% | 18.60% | 13.73% | 4.66% | -6.26% |
Correlation
The correlation between EUNY.DE and H4Z3.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.72 |
The correlation between EUNY.DE and H4Z3.DE has been stable across timeframes, ranging from 0.70 to 0.73 - a consistent structural relationship.
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Return for Risk
EUNY.DE vs. H4Z3.DE — Risk / Return Rank
EUNY.DE
H4Z3.DE
EUNY.DE vs. H4Z3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Dividend UCITS ETF (EUNY.DE) and HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (H4Z3.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.
| EUNY.DE | H4Z3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.52 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 6.17 | 4.77 | +1.41 |
| Martin ratioReturn relative to average drawdown | 16.86 | 17.12 | -0.27 |
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
| EUNY.DE | H4Z3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 2.85 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.91 | -0.68 |
Drawdowns
EUNY.DE vs. H4Z3.DE - Drawdown Comparison
The maximum EUNY.DE drawdown since its inception was -40.65%, which is greater than H4Z3.DE's maximum drawdown of -18.86%. Use the drawdown chart below to compare losses from any high point for EUNY.DE and H4Z3.DE.
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Drawdown Indicators
| EUNY.DE | H4Z3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.65% | -18.86% | -21.79% |
Max Drawdown (1Y)Largest decline over 1 year | -4.11% | -10.47% | +6.36% |
Max Drawdown (3Y)Largest decline over 3 years | -15.70% | -18.86% | +3.16% |
Max Drawdown (5Y)Largest decline over 5 years | -31.43% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.29% | — | — |
Current DrawdownCurrent decline from peak | -2.82% | -2.73% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -12.34% | -4.95% | -7.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 2.92% | -1.41% |
Volatility
EUNY.DE vs. H4Z3.DE - Volatility Comparison
The current volatility for iShares Emerging Markets Dividend UCITS ETF (EUNY.DE) is 4.52%, while HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (H4Z3.DE) has a volatility of 7.35%. This indicates that EUNY.DE experiences smaller price fluctuations and is considered to be less risky than H4Z3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNY.DE | H4Z3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 7.35% | -2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 14.91% | -5.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.90% | 17.54% | -5.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 15.77% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.73% | 15.77% | +0.96% |
EUNY.DE vs. H4Z3.DE - Expense Ratio Comparison
EUNY.DE has a 0.65% expense ratio, which is higher than H4Z3.DE's 0.15% expense ratio.
Dividends
EUNY.DE vs. H4Z3.DE - Dividend Comparison
EUNY.DE's dividend yield for the trailing twelve months is around 5.32%, while H4Z3.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNY.DE iShares Emerging Markets Dividend UCITS ETF | 5.32% | 5.82% | 7.72% | 8.04% | 9.56% | 6.35% | 5.09% | 5.57% | 5.65% | 4.09% | 4.35% | 6.37% |
H4Z3.DE HSBC MSCI Emerging Markets UCITS ETF USD (Acc) | 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
EUNY.DE and H4Z3.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4Z3.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4Z3.DE is cheaper with a 0.15% expense ratio, compared with 0.65% for EUNY.DE.
EUNY.DE tracks Dow Jones Emerging Markets Select Dividend, while H4Z3.DE tracks MSCI Emerging Markets. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.65% for EUNY.DE and 0.15% for H4Z3.DE.
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