H410.DE vs. VGEJ.DE
H410.DE (HSBC MSCI Emerging Markets UCITS ETF USD) and VGEJ.DE (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing) are both Asia Pacific Equities funds - H410.DE tracks the MSCI Emerging Markets while VGEJ.DE tracks the FTSE Developed Asia Pacific ex Japan. Both are passively managed. Over the past 10 years, H410.DE returned 9.77%/yr vs 15.36%/yr for VGEJ.DE. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
H410.DE vs. VGEJ.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 VGEJ.DE's 50.18% return. Over the past 10 years, H410.DE has underperformed VGEJ.DE with an annualized return of 9.77%, while VGEJ.DE has yielded a comparatively higher 15.36% 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%
VGEJ.DE
- 1D
- -3.08%
- 1M
- 7.14%
- YTD
- 50.18%
- 6M
- 54.46%
- 1Y
- 78.68%
- 3Y*
- 26.79%
- 5Y*
- 15.69%
- 10Y*
- 15.36%
H410.DE vs. VGEJ.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% |
VGEJ.DE Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing | 50.18% | 24.74% | 3.34% | 10.27% | -4.11% | 14.06% | 11.18% | 25.07% | -6.90% | 14.80% |
Correlation
The correlation between H410.DE and VGEJ.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2015 | 0.69 |
The correlation between H410.DE and VGEJ.DE shifts across timeframes, from 0.69 (all time) to 0.84 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
H410.DE vs. VGEJ.DE — Risk / Return Rank
H410.DE
VGEJ.DE
H410.DE vs. VGEJ.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 Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VGEJ.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 | VGEJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.69 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.75 | 6.17 | -1.41 |
| Martin ratioReturn relative to average drawdown | 17.19 | 24.13 | -6.94 |
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 | VGEJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.82 | 3.80 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.93 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.93 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.79 | -0.37 |
Drawdowns
H410.DE vs. VGEJ.DE - Drawdown Comparison
The maximum H410.DE drawdown since its inception was -36.25%, roughly equal to the maximum VGEJ.DE drawdown of -36.78%. Use the drawdown chart below to compare losses from any high point for H410.DE and VGEJ.DE.
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Drawdown Indicators
| H410.DE | VGEJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.25% | -36.78% | +0.53% |
Max Drawdown (1Y)Largest decline over 1 year | -10.48% | -12.94% | +2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -18.96% | -19.66% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -23.76% | -19.66% | -4.10% |
Max Drawdown (10Y)Largest decline over 10 years | -31.68% | -36.78% | +5.10% |
Current DrawdownCurrent decline from peak | -2.80% | -3.88% | +1.08% |
Average DrawdownAverage peak-to-trough decline | -10.25% | -4.86% | -5.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 3.31% | -0.41% |
Volatility
H410.DE vs. VGEJ.DE - Volatility Comparison
The current volatility for HSBC MSCI Emerging Markets UCITS ETF USD (H410.DE) is 7.30%, while Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VGEJ.DE) has a volatility of 10.63%. This indicates that H410.DE experiences smaller price fluctuations and is considered to be less risky than VGEJ.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 | VGEJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 10.63% | -3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 14.96% | 18.75% | -3.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.70% | 20.99% | -3.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.64% | 16.70% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 19.29% | -1.12% |
H410.DE vs. VGEJ.DE - Expense Ratio Comparison
Both H410.DE and VGEJ.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
H410.DE vs. VGEJ.DE - Dividend Comparison
H410.DE's dividend yield for the trailing twelve months is around 1.60%, less than VGEJ.DE's 1.80% 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% |
VGEJ.DE Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing | 1.80% | 2.75% | 5.36% | 7.33% | 7.98% | 7.49% | 4.34% | 6.92% | 7.83% | 4.28% | 3.08% | 2.78% |
Frequently Asked Questions
H410.DE and VGEJ.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
H410.DE and VGEJ.DE have the same expense ratio: 0.15% per year.
H410.DE tracks MSCI Emerging Markets, while VGEJ.DE tracks FTSE Developed Asia Pacific ex Japan. They also come from different issuers: HSBC and Vanguard.
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