H410.DE vs. ZPRA.DE
H410.DE (HSBC MSCI Emerging Markets UCITS ETF USD) and ZPRA.DE (SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist)) are both Asia Pacific Equities funds - H410.DE tracks the MSCI Emerging Markets while ZPRA.DE tracks the S&P Pan Asia Dividend Aristocrats. Both are passively managed. Over the past 10 years, H410.DE returned 9.77%/yr vs 6.59%/yr for ZPRA.DE. A 0.71 correlation means they provide meaningful diversification when combined. H410.DE charges 0.15%/yr vs 0.55%/yr for ZPRA.DE.
Performance
H410.DE vs. ZPRA.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 ZPRA.DE's 4.42% return. Over the past 10 years, H410.DE has outperformed ZPRA.DE with an annualized return of 9.77%, while ZPRA.DE has yielded a comparatively lower 6.59% 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%
ZPRA.DE
- 1D
- -0.22%
- 1M
- -0.50%
- YTD
- 4.42%
- 6M
- 3.12%
- 1Y
- 11.10%
- 3Y*
- 10.45%
- 5Y*
- 5.15%
- 10Y*
- 6.59%
H410.DE vs. ZPRA.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% |
ZPRA.DE SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist) | 4.42% | 9.80% | 11.25% | 11.54% | -10.70% | 12.81% | -9.50% | 24.48% | -4.62% | 13.94% |
Correlation
The correlation between H410.DE and ZPRA.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2013 | 0.71 |
The correlation between H410.DE and ZPRA.DE shifts across timeframes, from 0.59 (1 year) to 0.75 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
H410.DE vs. ZPRA.DE — Risk / Return Rank
H410.DE
ZPRA.DE
H410.DE vs. ZPRA.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 SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist) (ZPRA.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 | ZPRA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.20 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 4.75 | 1.93 | +2.82 |
| Martin ratioReturn relative to average drawdown | 17.19 | 5.05 | +12.14 |
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 | ZPRA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.82 | 1.11 | +1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.39 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.46 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.41 | +0.01 |
Drawdowns
H410.DE vs. ZPRA.DE - Drawdown Comparison
The maximum H410.DE drawdown since its inception was -36.25%, which is greater than ZPRA.DE's maximum drawdown of -31.54%. Use the drawdown chart below to compare losses from any high point for H410.DE and ZPRA.DE.
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Drawdown Indicators
| H410.DE | ZPRA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.25% | -31.54% | -4.71% |
Max Drawdown (1Y)Largest decline over 1 year | -10.48% | -5.57% | -4.91% |
Max Drawdown (3Y)Largest decline over 3 years | -18.96% | -13.55% | -5.41% |
Max Drawdown (5Y)Largest decline over 5 years | -23.76% | -21.66% | -2.10% |
Max Drawdown (10Y)Largest decline over 10 years | -31.68% | -31.54% | -0.14% |
Current DrawdownCurrent decline from peak | -2.80% | -2.76% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -10.25% | -6.47% | -3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 2.13% | +0.77% |
Volatility
H410.DE vs. ZPRA.DE - Volatility Comparison
HSBC MSCI Emerging Markets UCITS ETF USD (H410.DE) has a higher volatility of 7.30% compared to SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist) (ZPRA.DE) at 2.71%. This indicates that H410.DE's price experiences larger fluctuations and is considered to be riskier than ZPRA.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 | ZPRA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 2.71% | +4.59% |
Volatility (6M)Calculated over the trailing 6-month period | 14.96% | 7.42% | +7.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.70% | 9.67% | +8.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.64% | 12.92% | +3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 14.47% | +3.70% |
H410.DE vs. ZPRA.DE - Expense Ratio Comparison
H410.DE has a 0.15% expense ratio, which is lower than ZPRA.DE's 0.55% expense ratio.
Dividends
H410.DE vs. ZPRA.DE - Dividend Comparison
H410.DE's dividend yield for the trailing twelve months is around 1.60%, less than ZPRA.DE's 2.87% 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% |
ZPRA.DE SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist) | 2.87% | 3.01% | 2.98% | 2.92% | 3.64% | 4.00% | 3.04% | 2.62% | 2.41% | 1.78% | 2.25% | 3.17% |
Frequently Asked Questions
H410.DE and ZPRA.DE have a correlation of 0.59, 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 0.55% for ZPRA.DE.
H410.DE tracks MSCI Emerging Markets, while ZPRA.DE tracks S&P Pan Asia Dividend Aristocrats. They also come from different issuers: HSBC and State Street. Their fees differ too: 0.15% for H410.DE and 0.55% for ZPRA.DE.
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