FVEM.DE vs. H41E.DE
FVEM.DE (Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation) and H41E.DE (HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - FVEM.DE tracks the MSCI Emerging Markets Climate Paris Aligned while H41E.DE tracks the MSCI Emerging Markets Value SRI ESG Target Select. Both are passively managed. Over the past 3 years, FVEM.DE returned 18.13%/yr vs 27.78%/yr for H41E.DE. Their correlation of 0.89 suggests significant overlap in exposure. FVEM.DE charges 0.18%/yr vs 0.35%/yr for H41E.DE.
Performance
FVEM.DE vs. H41E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FVEM.DE achieves a 25.43% return, which is significantly lower than H41E.DE's 39.52% return.
FVEM.DE
- 1D
- -1.33%
- 1M
- 4.58%
- YTD
- 25.43%
- 6M
- 27.21%
- 1Y
- 47.18%
- 3Y*
- 18.13%
- 5Y*
- —
- 10Y*
- —
H41E.DE
- 1D
- -1.46%
- 1M
- 11.44%
- YTD
- 39.52%
- 6M
- 42.99%
- 1Y
- 69.89%
- 3Y*
- 27.78%
- 5Y*
- —
- 10Y*
- —
FVEM.DE vs. H41E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FVEM.DE Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation | 25.43% | 17.23% | 13.32% | 0.60% |
H41E.DE HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) | 39.52% | 22.02% | 17.74% | 7.60% |
Correlation
The correlation between FVEM.DE and H41E.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2023 | 0.89 |
The correlation between FVEM.DE and H41E.DE has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.
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Return for Risk
FVEM.DE vs. H41E.DE — Risk / Return Rank
FVEM.DE
H41E.DE
FVEM.DE vs. H41E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation (FVEM.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.
| FVEM.DE | H41E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.69 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 7.09 | -2.67 |
| Martin ratioReturn relative to average drawdown | 16.79 | 25.00 | -8.21 |
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
| FVEM.DE | H41E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.66 | 3.91 | -1.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 1.56 | -0.48 |
Drawdowns
FVEM.DE vs. H41E.DE - Drawdown Comparison
The maximum FVEM.DE drawdown since its inception was -18.76%, smaller than the maximum H41E.DE drawdown of -20.92%. Use the drawdown chart below to compare losses from any high point for FVEM.DE and H41E.DE.
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Drawdown Indicators
| FVEM.DE | H41E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.76% | -20.92% | +2.16% |
Max Drawdown (1Y)Largest decline over 1 year | -10.62% | -9.80% | -0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -18.76% | -20.92% | +2.16% |
Current DrawdownCurrent decline from peak | -2.08% | -3.33% | +1.25% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -3.10% | -0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 2.79% | +0.01% |
Volatility
FVEM.DE vs. H41E.DE - Volatility Comparison
The current volatility for Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation (FVEM.DE) is 7.26%, while HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) (H41E.DE) has a volatility of 7.97%. This indicates that FVEM.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.
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Volatility by Period
| FVEM.DE | H41E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 7.97% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | 14.66% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.67% | 17.80% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 16.06% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.04% | 16.06% | -0.02% |
FVEM.DE vs. H41E.DE - Expense Ratio Comparison
FVEM.DE has a 0.18% expense ratio, which is lower than H41E.DE's 0.35% expense ratio.
Dividends
FVEM.DE vs. H41E.DE - Dividend Comparison
Neither FVEM.DE nor H41E.DE has paid dividends to shareholders.
Frequently Asked Questions
FVEM.DE and H41E.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FVEM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FVEM.DE is cheaper with a 0.18% expense ratio, compared with 0.35% for H41E.DE.
FVEM.DE tracks MSCI Emerging Markets Climate Paris Aligned, while H41E.DE tracks MSCI Emerging Markets Value SRI ESG Target Select. They also come from different issuers: Franklin Templeton and HSBC. Their fees differ too: 0.18% for FVEM.DE and 0.35% for H41E.DE.
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