H410.DE vs. 5MVL.DE
H410.DE (HSBC MSCI Emerging Markets UCITS ETF USD) and 5MVL.DE (iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)) are both Emerging Markets Equities funds - H410.DE tracks the MSCI Emerging Markets while 5MVL.DE tracks the MSCI Emerging Markets Select Value Factor Focus. Both are passively managed. Over the past 5 years, H410.DE returned 6.91%/yr vs 15.26%/yr for 5MVL.DE. Their correlation of 0.92 suggests significant overlap in exposure. H410.DE charges 0.15%/yr vs 0.40%/yr for 5MVL.DE.
Performance
H410.DE vs. 5MVL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H410.DE achieves a 19.79% return, which is significantly lower than 5MVL.DE's 31.38% return.
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%
5MVL.DE
- 1D
- -1.68%
- 1M
- -10.88%
- 6M
- 21.28%
- YTD
- 31.38%
- 1Y
- 52.96%
- 3Y*
- 29.98%
- 5Y*
- 15.26%
- 10Y*
- —
H410.DE vs. 5MVL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -4.27% |
5MVL.DE iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) | 31.38% | 27.25% | 21.00% | 14.59% | -10.56% | 13.09% | -2.40% | 20.36% | -14.02% |
Correlation
The correlation between H410.DE and 5MVL.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2018 | 0.92 |
The correlation between H410.DE and 5MVL.DE has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
H410.DE vs. 5MVL.DE — Risk / Return Rank
H410.DE
5MVL.DE
H410.DE vs. 5MVL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Emerging Markets UCITS ETF USD (H410.DE) and iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (5MVL.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.
| H410.DE | 5MVL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.41 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 3.85 | -0.68 |
| Martin ratioReturn relative to average drawdown | 9.64 | 13.22 | -3.58 |
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Drawdowns
H410.DE vs. 5MVL.DE - Drawdown Comparison
The maximum H410.DE drawdown since its inception was -41.02%, which is greater than 5MVL.DE's maximum drawdown of -32.22%. Use the drawdown chart below to compare losses from any high point for H410.DE and 5MVL.DE.
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Drawdown Indicators
| H410.DE | 5MVL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.02% | -32.22% | -8.80% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -13.68% | +2.97% |
Max Drawdown (3Y)Largest decline over 3 years | -19.01% | -19.14% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -22.77% | -20.60% | -2.17% |
Max Drawdown (10Y)Largest decline over 10 years | -31.62% | — | — |
Current DrawdownCurrent decline from peak | -10.71% | -13.68% | +2.97% |
Average DrawdownAverage peak-to-trough decline | -13.30% | -6.64% | -6.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 3.99% | -0.46% |
Volatility
H410.DE vs. 5MVL.DE - Volatility Comparison
The current volatility for HSBC MSCI Emerging Markets UCITS ETF USD (H410.DE) is 8.22%, while iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (5MVL.DE) has a volatility of 9.72%. This indicates that H410.DE experiences smaller price fluctuations and is considered to be less risky than 5MVL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H410.DE | 5MVL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.22% | 9.72% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 17.70% | 19.39% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.15% | 22.29% | -2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 17.56% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 19.59% | -1.28% |
H410.DE vs. 5MVL.DE - Expense Ratio Comparison
H410.DE has a 0.15% expense ratio, which is lower than 5MVL.DE's 0.40% expense ratio.
Dividends
H410.DE vs. 5MVL.DE - Dividend Comparison
H410.DE's dividend yield for the trailing twelve months is around 1.71%, while 5MVL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
5MVL.DE iShares Edge MSCI EM Value Factor 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% |
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
With a correlation of 0.93, H410.DE and 5MVL.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.40% for 5MVL.DE.
H410.DE tracks MSCI Emerging Markets, while 5MVL.DE tracks MSCI Emerging Markets Select Value Factor Focus. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.15% for H410.DE and 0.40% for 5MVL.DE.
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