H411.DE vs. DBX8.DE
H411.DE (HSBC MSCI AC Far East ex Japan UCITS ETF USD) and DBX8.DE (Xtrackers MSCI Korea UCITS ETF 1C) are both Asia Pacific Equities funds - H411.DE tracks the MSCI AC Far East ex Japan while DBX8.DE tracks the MSCI Korea 20/35 Custom. Both are passively managed. Over the past 10 years, H411.DE returned 11.02%/yr vs 16.74%/yr for DBX8.DE. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.45% expense ratio.
Performance
H411.DE vs. DBX8.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H411.DE achieves a 37.68% return, which is significantly lower than DBX8.DE's 109.21% return. Over the past 10 years, H411.DE has underperformed DBX8.DE with an annualized return of 11.02%, while DBX8.DE has yielded a comparatively higher 16.74% annualized return.
H411.DE
- 1D
- -2.09%
- 1M
- 6.17%
- YTD
- 37.68%
- 6M
- 38.70%
- 1Y
- 67.18%
- 3Y*
- 25.29%
- 5Y*
- 9.18%
- 10Y*
- 11.02%
DBX8.DE
- 1D
- -5.08%
- 1M
- 11.65%
- YTD
- 109.21%
- 6M
- 122.15%
- 1Y
- 217.95%
- 3Y*
- 45.04%
- 5Y*
- 19.70%
- 10Y*
- 16.74%
H411.DE vs. DBX8.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
H411.DE HSBC MSCI AC Far East ex Japan UCITS ETF USD | 37.68% | 25.21% | 18.89% | -1.55% | -16.07% | -1.90% | 13.55% | 22.02% | -11.68% | 24.72% |
DBX8.DE Xtrackers MSCI Korea UCITS ETF 1C | 109.21% | 77.39% | -18.45% | 15.93% | -23.95% | -0.54% | 30.13% | 14.92% | -18.04% | 28.39% |
Correlation
The correlation between H411.DE and DBX8.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2013 | 0.75 |
The correlation between H411.DE and DBX8.DE has been stable across timeframes, ranging from 0.72 to 0.80 - a consistent structural relationship.
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Return for Risk
H411.DE vs. DBX8.DE — Risk / Return Rank
H411.DE
DBX8.DE
H411.DE vs. DBX8.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI AC Far East ex Japan UCITS ETF USD (H411.DE) and Xtrackers MSCI Korea UCITS ETF 1C (DBX8.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.
| H411.DE | DBX8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.75 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 10.67 | -6.77 |
| Martin ratioReturn relative to average drawdown | 9.66 | 32.63 | -22.97 |
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
| H411.DE | DBX8.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 5.17 | -2.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.72 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.66 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.31 | +0.17 |
Drawdowns
H411.DE vs. DBX8.DE - Drawdown Comparison
The maximum H411.DE drawdown since its inception was -38.70%, smaller than the maximum DBX8.DE drawdown of -68.01%. Use the drawdown chart below to compare losses from any high point for H411.DE and DBX8.DE.
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Drawdown Indicators
| H411.DE | DBX8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.70% | -68.01% | +29.31% |
Max Drawdown (1Y)Largest decline over 1 year | -17.51% | -21.19% | +3.68% |
Max Drawdown (3Y)Largest decline over 3 years | -23.17% | -30.70% | +7.53% |
Max Drawdown (5Y)Largest decline over 5 years | -34.49% | -41.29% | +6.80% |
Max Drawdown (10Y)Largest decline over 10 years | -38.70% | -41.89% | +3.19% |
Current DrawdownCurrent decline from peak | -3.25% | -5.82% | +2.57% |
Average DrawdownAverage peak-to-trough decline | -13.29% | -17.55% | +4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.07% | 6.94% | +0.13% |
Volatility
H411.DE vs. DBX8.DE - Volatility Comparison
The current volatility for HSBC MSCI AC Far East ex Japan UCITS ETF USD (H411.DE) is 8.34%, while Xtrackers MSCI Korea UCITS ETF 1C (DBX8.DE) has a volatility of 17.08%. This indicates that H411.DE experiences smaller price fluctuations and is considered to be less risky than DBX8.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H411.DE | DBX8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.34% | 17.08% | -8.74% |
Volatility (6M)Calculated over the trailing 6-month period | 16.24% | 33.48% | -17.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.65% | 43.73% | -15.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.66% | 27.53% | -5.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.44% | 26.03% | -5.59% |
H411.DE vs. DBX8.DE - Expense Ratio Comparison
Both H411.DE and DBX8.DE have an expense ratio of 0.45%.
Dividends
H411.DE vs. DBX8.DE - Dividend Comparison
Neither H411.DE nor DBX8.DE has paid dividends to shareholders.
Frequently Asked Questions
H411.DE and DBX8.DE have a correlation of 0.80, 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 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
H411.DE and DBX8.DE have the same expense ratio: 0.45% per year.
H411.DE tracks MSCI AC Far East ex Japan, while DBX8.DE tracks MSCI Korea 20/35 Custom. They also come from different issuers: HSBC and Xtrackers.
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