H410.DE vs. H4Z1.DE
H410.DE (HSBC MSCI Emerging Markets UCITS ETF USD) and H4Z1.DE (HSBC Emerging Market Sustainable Equity UCITS ETF USD) are both exchange-traded funds - H410.DE is a Asia Pacific Equities fund tracking the MSCI Emerging Markets, while H4Z1.DE is a Emerging Markets Equities fund tracking the FTSE Emerging ESG Low Carbon Select. Both are passively managed. Over the past 5 years, H410.DE returned 8.17%/yr vs 7.17%/yr for H4Z1.DE. Their correlation of 0.95 suggests significant overlap in exposure. H410.DE charges 0.15%/yr vs 0.18%/yr for H4Z1.DE.
Performance
H410.DE vs. H4Z1.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 H4Z1.DE's 16.02% 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%
H4Z1.DE
- 1D
- -0.86%
- 1M
- 0.82%
- YTD
- 16.02%
- 6M
- 14.48%
- 1Y
- 33.76%
- 3Y*
- 17.28%
- 5Y*
- 7.17%
- 10Y*
- —
H410.DE vs. H4Z1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD | 27.49% | 18.61% | 13.89% | 4.66% | -13.80% | 3.98% | 14.40% |
H4Z1.DE HSBC Emerging Market Sustainable Equity UCITS ETF USD | 16.02% | 14.83% | 22.34% | 0.83% | -12.35% | 8.61% | 12.24% |
Correlation
The correlation between H410.DE and H4Z1.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2020 | 0.95 |
The correlation between H410.DE and H4Z1.DE has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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Return for Risk
H410.DE vs. H4Z1.DE — Risk / Return Rank
H410.DE
H4Z1.DE
H410.DE vs. H4Z1.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 HSBC Emerging Market Sustainable Equity UCITS ETF USD (H4Z1.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 | H4Z1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.37 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.75 | 3.73 | +1.03 |
| Martin ratioReturn relative to average drawdown | 17.19 | 13.07 | +4.12 |
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 | H4Z1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.82 | 2.15 | +0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.44 | +0.05 |
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 | 0.64 | -0.22 |
Drawdowns
H410.DE vs. H4Z1.DE - Drawdown Comparison
The maximum H410.DE drawdown since its inception was -36.25%, which is greater than H4Z1.DE's maximum drawdown of -22.16%. Use the drawdown chart below to compare losses from any high point for H410.DE and H4Z1.DE.
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Drawdown Indicators
| H410.DE | H4Z1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.25% | -22.16% | -14.09% |
Max Drawdown (1Y)Largest decline over 1 year | -10.48% | -9.18% | -1.30% |
Max Drawdown (3Y)Largest decline over 3 years | -18.96% | -19.53% | +0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -23.76% | -20.44% | -3.32% |
Max Drawdown (10Y)Largest decline over 10 years | -31.68% | — | — |
Current DrawdownCurrent decline from peak | -2.80% | -2.40% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -10.25% | -8.60% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 2.62% | +0.28% |
Volatility
H410.DE vs. H4Z1.DE - Volatility Comparison
HSBC MSCI Emerging Markets UCITS ETF USD (H410.DE) has a higher volatility of 7.30% compared to HSBC Emerging Market Sustainable Equity UCITS ETF USD (H4Z1.DE) at 5.70%. This indicates that H410.DE's price experiences larger fluctuations and is considered to be riskier than H4Z1.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 | H4Z1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 5.70% | +1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 14.96% | 12.47% | +2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.70% | 15.94% | +1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.64% | 16.24% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 16.17% | +2.00% |
H410.DE vs. H4Z1.DE - Expense Ratio Comparison
H410.DE has a 0.15% expense ratio, which is lower than H4Z1.DE's 0.18% 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. H4Z1.DE - Dividend Comparison
H410.DE's dividend yield for the trailing twelve months is around 1.60%, while H4Z1.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
H4Z1.DE HSBC Emerging Market Sustainable Equity UCITS ETF USD | 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
H410.DE and H4Z1.DE have a correlation of 0.89, 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 0.18% for H4Z1.DE.
H410.DE is categorized as Asia Pacific Equities, while H4Z1.DE is Emerging Markets Equities. H410.DE tracks MSCI Emerging Markets, while H4Z1.DE tracks FTSE Emerging ESG Low Carbon Select. Their fees differ too: 0.15% for H410.DE and 0.18% for H4Z1.DE.
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