H410.DE vs. EUNY.DE
H410.DE (HSBC MSCI Emerging Markets UCITS ETF USD) and EUNY.DE (iShares Emerging Markets Dividend UCITS ETF) are both Emerging Markets Equities funds - H410.DE tracks the MSCI Emerging Markets while EUNY.DE tracks the Dow Jones Emerging Markets Select Dividend. Both are passively managed. Over the past 10 years, H410.DE returned 8.22%/yr vs 5.94%/yr for EUNY.DE. Their correlation of 0.80 suggests significant overlap in exposure. H410.DE charges 0.15%/yr vs 0.65%/yr for EUNY.DE.
Performance
H410.DE vs. EUNY.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 higher than EUNY.DE's 11.70% return. Over the past 10 years, H410.DE has outperformed EUNY.DE with an annualized return of 8.22%, while EUNY.DE has yielded a comparatively lower 5.94% annualized 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%
EUNY.DE
- 1D
- -0.43%
- 1M
- 0.00%
- 6M
- 5.90%
- YTD
- 11.70%
- 1Y
- 22.93%
- 3Y*
- 17.67%
- 5Y*
- 5.40%
- 10Y*
- 5.94%
H410.DE vs. EUNY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -11.36% | 21.12% |
EUNY.DE iShares Emerging Markets Dividend UCITS ETF | 11.70% | 13.97% | 12.41% | 15.34% | -26.11% | 20.00% | -11.72% | 18.34% | -1.57% | 10.55% |
Correlation
The correlation between H410.DE and EUNY.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2011 | 0.80 |
The correlation between H410.DE and EUNY.DE shifts across timeframes, from 0.69 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
H410.DE vs. EUNY.DE — Risk / Return Rank
H410.DE
EUNY.DE
H410.DE vs. EUNY.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 Emerging Markets Dividend UCITS ETF (EUNY.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 | EUNY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 4.23 | -1.05 |
| Martin ratioReturn relative to average drawdown | 9.64 | 11.71 | -2.07 |
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Drawdowns
H410.DE vs. EUNY.DE - Drawdown Comparison
The maximum H410.DE drawdown since its inception was -41.02%, smaller than the maximum EUNY.DE drawdown of -50.11%. Use the drawdown chart below to compare losses from any high point for H410.DE and EUNY.DE.
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Drawdown Indicators
| H410.DE | EUNY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.02% | -50.11% | +9.09% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -5.40% | -5.31% |
Max Drawdown (3Y)Largest decline over 3 years | -19.01% | -15.70% | -3.31% |
Max Drawdown (5Y)Largest decline over 5 years | -22.77% | -31.41% | +8.64% |
Max Drawdown (10Y)Largest decline over 10 years | -31.62% | -36.29% | +4.67% |
Current DrawdownCurrent decline from peak | -10.71% | -2.59% | -8.12% |
Average DrawdownAverage peak-to-trough decline | -13.30% | -20.24% | +6.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 1.95% | +1.58% |
Volatility
H410.DE vs. EUNY.DE - Volatility Comparison
HSBC MSCI Emerging Markets UCITS ETF USD (H410.DE) has a higher volatility of 8.22% compared to iShares Emerging Markets Dividend UCITS ETF (EUNY.DE) at 3.16%. This indicates that H410.DE's price experiences larger fluctuations and is considered to be riskier than EUNY.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 | EUNY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.22% | 3.16% | +5.06% |
Volatility (6M)Calculated over the trailing 6-month period | 17.70% | 10.04% | +7.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.15% | 12.49% | +7.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 15.67% | +1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 16.64% | +1.67% |
H410.DE vs. EUNY.DE - Expense Ratio Comparison
H410.DE has a 0.15% expense ratio, which is lower than EUNY.DE's 0.65% expense ratio.
Dividends
H410.DE vs. EUNY.DE - Dividend Comparison
H410.DE's dividend yield for the trailing twelve months is around 1.71%, less than EUNY.DE's 5.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNY.DE iShares Emerging Markets Dividend UCITS ETF | 5.04% | 5.83% | 7.71% | 8.05% | 9.57% | 6.35% | 5.09% | 5.58% | 5.64% | 4.10% | 4.36% | 6.39% |
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
H410.DE and EUNY.DE have a correlation of 0.69, 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 0.65% for EUNY.DE.
H410.DE tracks MSCI Emerging Markets, while EUNY.DE tracks Dow Jones Emerging Markets Select Dividend. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.15% for H410.DE and 0.65% for EUNY.DE.
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