H411.DE vs. FLXT.DE
H411.DE (HSBC MSCI AC Far East ex Japan UCITS ETF USD) and FLXT.DE (Franklin FTSE Taiwan UCITS ETF USD Capitalisation) are both Asia Pacific Equities funds - H411.DE tracks the MSCI AC Far East ex Japan while FLXT.DE tracks the FTSE Taiwan 30/18 Capped. Both are passively managed. Over the past 3 years, H411.DE returned 25.29%/yr vs 41.09%/yr for FLXT.DE. A 0.75 correlation means they provide meaningful diversification when combined. H411.DE charges 0.45%/yr vs 0.19%/yr for FLXT.DE.
Performance
H411.DE vs. FLXT.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 FLXT.DE's 69.39% 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%
FLXT.DE
- 1D
- -1.70%
- 1M
- 13.04%
- YTD
- 69.39%
- 6M
- 72.01%
- 1Y
- 113.39%
- 3Y*
- 41.09%
- 5Y*
- —
- 10Y*
- —
H411.DE vs. FLXT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
H411.DE HSBC MSCI AC Far East ex Japan UCITS ETF USD | 37.68% | 25.21% | 18.89% | -1.55% | -11.87% |
FLXT.DE Franklin FTSE Taiwan UCITS ETF USD Capitalisation | 69.39% | 19.89% | 30.42% | 25.56% | -22.29% |
Correlation
The correlation between H411.DE and FLXT.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2022 | 0.75 |
The correlation between H411.DE and FLXT.DE has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.
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Return for Risk
H411.DE vs. FLXT.DE — Risk / Return Rank
H411.DE
FLXT.DE
H411.DE vs. FLXT.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 Franklin FTSE Taiwan UCITS ETF USD Capitalisation (FLXT.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 | FLXT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.54 | ||
| Sortino ratioReturn per unit of downside risk | -2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.78 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 12.64 | -8.74 |
| Martin ratioReturn relative to average drawdown | 9.66 | 38.64 | -28.99 |
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 | FLXT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 4.92 | -2.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 1.15 | -0.67 |
Drawdowns
H411.DE vs. FLXT.DE - Drawdown Comparison
The maximum H411.DE drawdown since its inception was -38.70%, which is greater than FLXT.DE's maximum drawdown of -31.16%. Use the drawdown chart below to compare losses from any high point for H411.DE and FLXT.DE.
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Drawdown Indicators
| H411.DE | FLXT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.70% | -31.16% | -7.54% |
Max Drawdown (1Y)Largest decline over 1 year | -17.51% | -9.05% | -8.46% |
Max Drawdown (3Y)Largest decline over 3 years | -23.17% | -31.16% | +7.99% |
Max Drawdown (5Y)Largest decline over 5 years | -34.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.70% | — | — |
Current DrawdownCurrent decline from peak | -3.25% | -1.86% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -13.29% | -8.18% | -5.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.07% | 2.97% | +4.10% |
Volatility
H411.DE vs. FLXT.DE - Volatility Comparison
The current volatility for HSBC MSCI AC Far East ex Japan UCITS ETF USD (H411.DE) is 8.34%, while Franklin FTSE Taiwan UCITS ETF USD Capitalisation (FLXT.DE) has a volatility of 9.61%. This indicates that H411.DE experiences smaller price fluctuations and is considered to be less risky than FLXT.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 | FLXT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.34% | 9.61% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 16.24% | 18.65% | -2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.65% | 23.26% | +5.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.66% | 21.86% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.44% | 21.86% | -1.42% |
H411.DE vs. FLXT.DE - Expense Ratio Comparison
H411.DE has a 0.45% expense ratio, which is higher than FLXT.DE's 0.19% expense ratio.
Dividends
H411.DE vs. FLXT.DE - Dividend Comparison
Neither H411.DE nor FLXT.DE has paid dividends to shareholders.
Frequently Asked Questions
H411.DE and FLXT.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXT.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXT.DE is cheaper with a 0.19% expense ratio, compared with 0.45% for H411.DE.
H411.DE tracks MSCI AC Far East ex Japan, while FLXT.DE tracks FTSE Taiwan 30/18 Capped. They also come from different issuers: HSBC and Franklin Templeton. Their fees differ too: 0.45% for H411.DE and 0.19% for FLXT.DE.
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