H410.DE vs. UEF5.DE
H410.DE (HSBC MSCI Emerging Markets UCITS ETF USD) and UEF5.DE (UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis) are both Emerging Markets Equities funds - H410.DE tracks the MSCI Emerging Markets while UEF5.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. Both are passively managed. Over the past 10 years, H410.DE returned 8.22%/yr vs 8.11%/yr for UEF5.DE. Their correlation of 0.92 suggests significant overlap in exposure. H410.DE charges 0.15%/yr vs 0.24%/yr for UEF5.DE.
Performance
H410.DE vs. UEF5.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 UEF5.DE's 26.81% return. Both investments have delivered pretty close results over the past 10 years, with H410.DE having a 8.22% annualized return and UEF5.DE not far behind at 8.11%.
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%
UEF5.DE
- 1D
- -1.88%
- 1M
- -7.90%
- 6M
- 20.85%
- YTD
- 26.81%
- 1Y
- 42.58%
- 3Y*
- 21.63%
- 5Y*
- 8.63%
- 10Y*
- 8.11%
H410.DE vs. UEF5.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% |
UEF5.DE UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis | 26.81% | 20.99% | 15.47% | 3.78% | -15.32% | 6.96% | 5.36% | 14.51% | -7.68% | 16.40% |
Correlation
The correlation between H410.DE and UEF5.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2014 | 0.92 |
The correlation between H410.DE and UEF5.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. UEF5.DE — Risk / Return Rank
H410.DE
UEF5.DE
H410.DE vs. UEF5.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 UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis (UEF5.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 | UEF5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.36 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 3.90 | -0.73 |
| Martin ratioReturn relative to average drawdown | 9.64 | 12.42 | -2.78 |
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Drawdowns
H410.DE vs. UEF5.DE - Drawdown Comparison
The maximum H410.DE drawdown since its inception was -41.02%, which is greater than UEF5.DE's maximum drawdown of -38.64%. Use the drawdown chart below to compare losses from any high point for H410.DE and UEF5.DE.
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Drawdown Indicators
| H410.DE | UEF5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.02% | -38.64% | -2.38% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -10.88% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -19.01% | -20.35% | +1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -22.77% | -24.36% | +1.59% |
Max Drawdown (10Y)Largest decline over 10 years | -31.62% | -36.70% | +5.08% |
Current DrawdownCurrent decline from peak | -10.71% | -10.88% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -13.30% | -13.27% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 3.42% | +0.11% |
Volatility
H410.DE vs. UEF5.DE - Volatility Comparison
HSBC MSCI Emerging Markets UCITS ETF USD (H410.DE) and UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis (UEF5.DE) have volatilities of 8.22% and 8.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H410.DE | UEF5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.22% | 8.11% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 17.70% | 18.39% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.15% | 21.01% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 18.11% | -0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 18.98% | -0.67% |
H410.DE vs. UEF5.DE - Expense Ratio Comparison
H410.DE has a 0.15% expense ratio, which is lower than UEF5.DE's 0.24% 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. UEF5.DE - Dividend Comparison
H410.DE's dividend yield for the trailing twelve months is around 1.71%, more than UEF5.DE's 1.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UEF5.DE UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis | 1.68% | 2.19% | 1.73% | 2.36% | 2.19% | 1.32% | 1.89% | 2.00% | 2.16% | 2.00% | 2.30% | 1.65% |
Frequently Asked Questions
With a correlation of 0.91, H410.DE and UEF5.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 0.24% for UEF5.DE.
H410.DE tracks MSCI Emerging Markets, while UEF5.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. They also come from different issuers: HSBC and UBS. Their fees differ too: 0.15% for H410.DE and 0.24% for UEF5.DE.
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