H410.DE vs. IQQK.DE
H410.DE (HSBC MSCI Emerging Markets UCITS ETF USD) and IQQK.DE (iShares MSCI Korea UCITS ETF (Dist)) are both Asia Pacific Equities funds - H410.DE tracks the MSCI Emerging Markets while IQQK.DE tracks the MSCI Korea 20/35. Both are passively managed. Over the past 10 years, H410.DE returned 9.77%/yr vs 16.55%/yr for IQQK.DE. A 0.77 correlation means they provide meaningful diversification when combined. H410.DE charges 0.15%/yr vs 0.74%/yr for IQQK.DE.
Performance
H410.DE vs. IQQK.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 lower than IQQK.DE's 107.68% return. Over the past 10 years, H410.DE has underperformed IQQK.DE with an annualized return of 9.77%, while IQQK.DE has yielded a comparatively higher 16.55% annualized 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%
IQQK.DE
- 1D
- -4.65%
- 1M
- 11.93%
- YTD
- 107.68%
- 6M
- 121.46%
- 1Y
- 216.52%
- 3Y*
- 44.83%
- 5Y*
- 19.47%
- 10Y*
- 16.55%
H410.DE vs. IQQK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD | 27.49% | 18.61% | 13.89% | 4.66% | -13.80% | 3.98% | 7.04% | 21.02% | -11.31% | 21.15% |
IQQK.DE iShares MSCI Korea UCITS ETF (Dist) | 107.68% | 77.35% | -18.08% | 15.54% | -24.11% | -1.13% | 30.60% | 14.38% | -18.25% | 27.92% |
Correlation
The correlation between H410.DE and IQQK.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2013 | 0.77 |
The correlation between H410.DE and IQQK.DE has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.
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Return for Risk
H410.DE vs. IQQK.DE — Risk / Return Rank
H410.DE
IQQK.DE
H410.DE vs. IQQK.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 MSCI Korea UCITS ETF (Dist) (IQQK.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 | IQQK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.78 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 4.75 | 10.70 | -5.94 |
| Martin ratioReturn relative to average drawdown | 17.19 | 38.75 | -21.56 |
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 | IQQK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.82 | 5.92 | -3.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.75 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.66 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.33 | +0.09 |
Drawdowns
H410.DE vs. IQQK.DE - Drawdown Comparison
The maximum H410.DE drawdown since its inception was -36.25%, smaller than the maximum IQQK.DE drawdown of -68.13%. Use the drawdown chart below to compare losses from any high point for H410.DE and IQQK.DE.
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Drawdown Indicators
| H410.DE | IQQK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.25% | -68.13% | +31.88% |
Max Drawdown (1Y)Largest decline over 1 year | -10.48% | -20.96% | +10.48% |
Max Drawdown (3Y)Largest decline over 3 years | -18.96% | -30.51% | +11.55% |
Max Drawdown (5Y)Largest decline over 5 years | -23.76% | -41.53% | +17.77% |
Max Drawdown (10Y)Largest decline over 10 years | -31.68% | -42.35% | +10.67% |
Current DrawdownCurrent decline from peak | -2.80% | -5.73% | +2.93% |
Average DrawdownAverage peak-to-trough decline | -10.25% | -17.35% | +7.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 5.80% | -2.90% |
Volatility
H410.DE vs. IQQK.DE - Volatility Comparison
The current volatility for HSBC MSCI Emerging Markets UCITS ETF USD (H410.DE) is 7.30%, while iShares MSCI Korea UCITS ETF (Dist) (IQQK.DE) has a volatility of 17.23%. This indicates that H410.DE experiences smaller price fluctuations and is considered to be less risky than IQQK.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 | IQQK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 17.23% | -9.93% |
Volatility (6M)Calculated over the trailing 6-month period | 14.96% | 33.01% | -18.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.70% | 37.90% | -20.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.64% | 25.65% | -9.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 24.84% | -6.67% |
H410.DE vs. IQQK.DE - Expense Ratio Comparison
H410.DE has a 0.15% expense ratio, which is lower than IQQK.DE's 0.74% expense ratio.
Dividends
H410.DE vs. IQQK.DE - Dividend Comparison
H410.DE's dividend yield for the trailing twelve months is around 1.60%, more than IQQK.DE's 0.36% yield.
| 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% |
IQQK.DE iShares MSCI Korea UCITS ETF (Dist) | 0.36% | 0.75% | 1.17% | 1.07% | 1.29% | 1.11% | 0.69% | 1.12% | 0.89% | 0.69% | 0.56% | 0.39% |
Frequently Asked Questions
H410.DE and IQQK.DE have a correlation of 0.81, 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 0.74% for IQQK.DE.
H410.DE tracks MSCI Emerging Markets, while IQQK.DE tracks MSCI Korea 20/35. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.15% for H410.DE and 0.74% for IQQK.DE.
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