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H411.DE vs. EXXW.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

H411.DE vs. EXXW.DE

Last updated Jun 5, 2026

H411.DE (HSBC MSCI AC Far East ex Japan UCITS ETF USD) and EXXW.DE (iShares Dow Jones Asia Pacific Select Dividend 50 UCITS ETF (DE)) are both Asia Pacific Equities funds - H411.DE tracks the MSCI AC Far East ex Japan while EXXW.DE tracks the Dow Jones Asia/Pacific Select Dividend 50. Both are passively managed. Over the past 10 years, H411.DE returned 11.02%/yr vs 7.08%/yr for EXXW.DE. A 0.63 correlation means they provide meaningful diversification when combined. H411.DE charges 0.45%/yr vs 0.31%/yr for EXXW.DE.

Performance

H411.DE vs. EXXW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in HSBC MSCI AC Far East ex Japan UCITS ETF USD (H411.DE) and iShares Dow Jones Asia Pacific Select Dividend 50 UCITS ETF (DE) (EXXW.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, H411.DE achieves a 37.68% return, which is significantly higher than EXXW.DE's 13.56% return. Over the past 10 years, H411.DE has outperformed EXXW.DE with an annualized return of 11.02%, while EXXW.DE has yielded a comparatively lower 7.08% 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%

EXXW.DE

1D
-0.19%
1M
-1.64%
YTD
13.56%
6M
14.59%
1Y
34.39%
3Y*
18.59%
5Y*
10.99%
10Y*
7.08%
*Multi-year figures are annualized to reflect compound growth (CAGR)

H411.DE vs. EXXW.DE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
EXXW.DE
iShares Dow Jones Asia Pacific Select Dividend 50 UCITS ETF (DE)		13.56%15.94%13.25%9.56%4.03%12.54%-18.74%18.28%-10.70%2.63%

Correlation

The correlation between H411.DE and EXXW.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.49

Correlation (3Y)
Calculated over the trailing 3-year period

0.56

Correlation (5Y)
Calculated over the trailing 5-year period

0.56

Correlation (10Y)
Calculated over the trailing 10-year period

0.62

Correlation (All Time)
Calculated using the full available price history since Oct 1, 2013

0.63

The correlation between H411.DE and EXXW.DE shifts across timeframes, from 0.49 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.

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HSBC MSCI AC Far East ex Japan UCITS ETF USD

iShares Dow Jones Asia Pacific Select Dividend 50 UCITS ETF (DE)

Often compared with H411.DE:
H411.DE vs. H410.DEH411.DE vs. H412.DEH411.DE vs. H4Z6.DEH411.DE vs. H4ZE.DEH411.DE vs. H4ZL.DEH411.DE vs. H4ZX.DEH411.DE vs. H4ZJ.DE
Often compared with EXXW.DE:
EXXW.DE vs. SCHDEXXW.DE vs. FLXE.LEXXW.DE vs. IQQX.DEEXXW.DE vs. I500.DEEXXW.DE vs. DBX8.DEEXXW.DE vs. 18MM.DEEXXW.DE vs. APXJ.DE

Return for Risk

H411.DE vs. EXXW.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
H411.DE
H411.DE Risk / Return Rank: 7474
Overall Rank
H411.DE Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
H411.DE Sortino Ratio Rank: 7272
Sortino Ratio Rank
H411.DE Omega Ratio Rank: 8989
Omega Ratio Rank
H411.DE Calmar Ratio Rank: 7878
Calmar Ratio Rank
H411.DE Martin Ratio Rank: 5656
Martin Ratio Rank
EXXW.DE
EXXW.DE Risk / Return Rank: 8989
Overall Rank
EXXW.DE Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
EXXW.DE Sortino Ratio Rank: 9090
Sortino Ratio Rank
EXXW.DE Omega Ratio Rank: 8787
Omega Ratio Rank
EXXW.DE Calmar Ratio Rank: 9191
Calmar Ratio Rank
EXXW.DE Martin Ratio Rank: 9090
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

H411.DE vs. EXXW.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 iShares Dow Jones Asia Pacific Select Dividend 50 UCITS ETF (DE) (EXXW.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.DEEXXW.DEDifference
Sharpe ratioReturn per unit of total volatility
2.38
2.88

-0.50

Sortino ratioReturn per unit of downside risk
3.20
4.18

-0.98

Omega ratioGain probability vs. loss probability

1.54

1.53

+0.02

Calmar ratioReturn relative to maximum drawdown

3.89

5.69

-1.80

Martin ratioReturn relative to average drawdown

9.66

20.43

-10.77

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

H411.DE vs. EXXW.DE - Sharpe Ratio Comparison

The current H411.DE Sharpe Ratio is 2.38, which is comparable to the EXXW.DE Sharpe Ratio of 2.88. The chart below compares the historical Sharpe Ratios of H411.DE and EXXW.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

H411.DEEXXW.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.38

2.88

-0.50

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.42

0.81

-0.39

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.54

0.45

+0.09

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

0.28

+0.19

Drawdowns

H411.DE vs. EXXW.DE - Drawdown Comparison

The maximum H411.DE drawdown since its inception was -38.70%, smaller than the maximum EXXW.DE drawdown of -66.89%. Use the drawdown chart below to compare losses from any high point for H411.DE and EXXW.DE.

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Drawdown Indicators

H411.DEEXXW.DEDifference

Max Drawdown

Largest peak-to-trough decline

-38.70%

-66.89%

+28.19%

Max Drawdown (1Y)

Largest decline over 1 year

-17.51%

-6.34%

-11.17%

Max Drawdown (3Y)

Largest decline over 3 years

-23.17%

-20.10%

-3.07%

Max Drawdown (5Y)

Largest decline over 5 years

-34.49%

-20.10%

-14.39%

Max Drawdown (10Y)

Largest decline over 10 years

-38.70%

-41.88%

+3.18%

Current Drawdown

Current decline from peak

-3.25%

-2.21%

-1.04%

Average Drawdown

Average peak-to-trough decline

-13.29%

-11.54%

-1.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.07%

1.77%

+5.30%

Volatility

H411.DE vs. EXXW.DE - Volatility Comparison

HSBC MSCI AC Far East ex Japan UCITS ETF USD (H411.DE) has a higher volatility of 8.34% compared to iShares Dow Jones Asia Pacific Select Dividend 50 UCITS ETF (DE) (EXXW.DE) at 2.42%. This indicates that H411.DE's price experiences larger fluctuations and is considered to be riskier than EXXW.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.DEEXXW.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.34%

2.42%

+5.92%

Volatility (6M)

Calculated over the trailing 6-month period

16.24%

8.92%

+7.32%

Volatility (1Y)

Calculated over the trailing 1-year period

28.65%

12.53%

+16.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.66%

13.38%

+8.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.44%

15.81%

+4.63%

H411.DE vs. EXXW.DE - Expense Ratio Comparison

H411.DE has a 0.45% expense ratio, which is higher than EXXW.DE's 0.31% expense ratio.

Dividends

H411.DE vs. EXXW.DE - Dividend Comparison

H411.DE has not paid dividends to shareholders, while EXXW.DE's dividend yield for the trailing twelve months is around 4.04%.

PositionTTM20252024202320222021202020192018201720162015
EXXW.DE
iShares Dow Jones Asia Pacific Select Dividend 50 UCITS ETF (DE)		4.04%4.60%5.32%5.98%7.16%5.56%4.64%5.67%5.04%7.91%4.27%5.52%
H411.DE
HSBC MSCI AC Far East ex Japan UCITS ETF USD		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

H411.DE and EXXW.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EXXW.DE is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EXXW.DE is cheaper with a 0.31% expense ratio, compared with 0.45% for H411.DE.

H411.DE tracks MSCI AC Far East ex Japan, while EXXW.DE tracks Dow Jones Asia/Pacific Select Dividend 50. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.45% for H411.DE and 0.31% for EXXW.DE.

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