H410.DE vs. BATF.DE
H410.DE (HSBC MSCI Emerging Markets UCITS ETF USD) and BATF.DE (L&G Asia Pacific ex Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF) are both Asia Pacific Equities funds - H410.DE tracks the MSCI Emerging Markets while BATF.DE tracks the Foxberry Sustainability Consensus Pacific ex Japan. Both are passively managed. Over the past 3 years, H410.DE returned 20.39%/yr vs 7.05%/yr for BATF.DE. A 0.68 correlation means they provide meaningful diversification when combined. H410.DE charges 0.15%/yr vs 0.16%/yr for BATF.DE.
Performance
H410.DE vs. BATF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H410.DE achieves a 27.49% return, which is significantly higher than BATF.DE's 2.86% return.
H410.DE
- 1D
- -1.81%
- 1M
- 3.71%
- YTD
- 27.49%
- 6M
- 27.95%
- 1Y
- 49.05%
- 3Y*
- 20.39%
- 5Y*
- 8.17%
- 10Y*
- 9.77%
BATF.DE
- 1D
- -0.35%
- 1M
- -4.65%
- YTD
- 2.86%
- 6M
- 3.46%
- 1Y
- 6.82%
- 3Y*
- 7.05%
- 5Y*
- —
- 10Y*
- —
H410.DE vs. BATF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD | 27.49% | 18.61% | 13.89% | 4.66% | 4.55% |
BATF.DE L&G Asia Pacific ex Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF | 2.86% | 8.25% | 10.50% | -0.71% | 6.02% |
Correlation
The correlation between H410.DE and BATF.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2022 | 0.68 |
The correlation between H410.DE and BATF.DE has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.
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Return for Risk
H410.DE vs. BATF.DE — Risk / Return Rank
H410.DE
BATF.DE
H410.DE vs. BATF.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 L&G Asia Pacific ex Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF (BATF.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.
| H410.DE | BATF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.21 | ||
| Sortino ratioReturn per unit of downside risk | +2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.11 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 4.75 | 1.13 | +3.62 |
| Martin ratioReturn relative to average drawdown | 17.19 | 2.74 | +14.45 |
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
| H410.DE | BATF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.82 | 0.61 | +2.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | — | — |
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 | 0.51 | -0.10 |
Drawdowns
H410.DE vs. BATF.DE - Drawdown Comparison
The maximum H410.DE drawdown since its inception was -36.25%, which is greater than BATF.DE's maximum drawdown of -18.62%. Use the drawdown chart below to compare losses from any high point for H410.DE and BATF.DE.
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Drawdown Indicators
| H410.DE | BATF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.25% | -18.62% | -17.63% |
Max Drawdown (1Y)Largest decline over 1 year | -10.48% | -6.47% | -4.01% |
Max Drawdown (3Y)Largest decline over 3 years | -18.96% | -18.62% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -23.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.68% | — | — |
Current DrawdownCurrent decline from peak | -2.80% | -5.63% | +2.83% |
Average DrawdownAverage peak-to-trough decline | -10.25% | -5.59% | -4.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 2.68% | +0.22% |
Volatility
H410.DE vs. BATF.DE - Volatility Comparison
HSBC MSCI Emerging Markets UCITS ETF USD (H410.DE) has a higher volatility of 7.30% compared to L&G Asia Pacific ex Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF (BATF.DE) at 3.62%. This indicates that H410.DE's price experiences larger fluctuations and is considered to be riskier than BATF.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 | BATF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 3.62% | +3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 14.96% | 8.97% | +5.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.70% | 12.09% | +5.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.64% | 14.45% | +2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 14.45% | +3.72% |
H410.DE vs. BATF.DE - Expense Ratio Comparison
H410.DE has a 0.15% expense ratio, which is lower than BATF.DE's 0.16% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
H410.DE vs. BATF.DE - Dividend Comparison
H410.DE's dividend yield for the trailing twelve months is around 1.60%, while BATF.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BATF.DE L&G Asia Pacific ex Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF | 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 | 1.60% | 2.00% | 2.40% | 2.58% | 3.11% | 2.00% | 1.69% | 2.03% | 2.20% | 1.62% | 1.71% | 2.28% |
Frequently Asked Questions
H410.DE and BATF.DE have a correlation of 0.59, 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 0.16% for BATF.DE.
H410.DE tracks MSCI Emerging Markets, while BATF.DE tracks Foxberry Sustainability Consensus Pacific ex Japan. They also come from different issuers: HSBC and LGIM Managers (Europe) Limited. Their fees differ too: 0.15% for H410.DE and 0.16% for BATF.DE.
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