H411.DE vs. IQQK.DE
H411.DE (HSBC MSCI AC Far East ex Japan UCITS ETF USD) and IQQK.DE (iShares MSCI Korea UCITS ETF (Dist)) are both Asia Pacific Equities funds - H411.DE tracks the MSCI AC Far East ex Japan while IQQK.DE tracks the MSCI Korea 20/35. Both are passively managed. Over the past 10 years, H411.DE returned 11.02%/yr vs 16.55%/yr for IQQK.DE. A 0.77 correlation means they provide meaningful diversification when combined. H411.DE charges 0.45%/yr vs 0.74%/yr for IQQK.DE.
Performance
H411.DE vs. IQQK.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 IQQK.DE's 107.68% return. Over the past 10 years, H411.DE has underperformed IQQK.DE with an annualized return of 11.02%, while IQQK.DE has yielded a comparatively higher 16.55% 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%
IQQK.DE
- 1D
- -4.65%
- 1M
- 11.93%
- YTD
- 107.68%
- 6M
- 121.46%
- 1Y
- 216.52%
- 3Y*
- 44.83%
- 5Y*
- 19.47%
- 10Y*
- 16.55%
H411.DE vs. IQQK.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% |
IQQK.DE iShares MSCI Korea UCITS ETF (Dist) | 107.68% | 77.35% | -18.08% | 15.54% | -24.11% | -1.13% | 30.60% | 14.38% | -18.25% | 27.92% |
Correlation
The correlation between H411.DE and IQQK.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2013 | 0.77 |
The correlation between H411.DE and IQQK.DE has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.
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Return for Risk
H411.DE vs. IQQK.DE — Risk / Return Rank
H411.DE
IQQK.DE
H411.DE vs. IQQK.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 MSCI Korea UCITS ETF (Dist) (IQQK.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 | IQQK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.54 | ||
| Sortino ratioReturn per unit of downside risk | -2.30 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.78 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 10.70 | -6.80 |
| Martin ratioReturn relative to average drawdown | 9.66 | 38.75 | -29.09 |
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 | IQQK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 5.92 | -3.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.75 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.66 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.33 | +0.15 |
Drawdowns
H411.DE vs. IQQK.DE - Drawdown Comparison
The maximum H411.DE drawdown since its inception was -38.70%, smaller than the maximum IQQK.DE drawdown of -68.13%. Use the drawdown chart below to compare losses from any high point for H411.DE and IQQK.DE.
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Drawdown Indicators
| H411.DE | IQQK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.70% | -68.13% | +29.43% |
Max Drawdown (1Y)Largest decline over 1 year | -17.51% | -20.96% | +3.45% |
Max Drawdown (3Y)Largest decline over 3 years | -23.17% | -30.51% | +7.34% |
Max Drawdown (5Y)Largest decline over 5 years | -34.49% | -41.53% | +7.04% |
Max Drawdown (10Y)Largest decline over 10 years | -38.70% | -42.35% | +3.65% |
Current DrawdownCurrent decline from peak | -3.25% | -5.73% | +2.48% |
Average DrawdownAverage peak-to-trough decline | -13.29% | -17.35% | +4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.07% | 5.80% | +1.27% |
Volatility
H411.DE vs. IQQK.DE - Volatility Comparison
The current volatility for HSBC MSCI AC Far East ex Japan UCITS ETF USD (H411.DE) is 8.34%, while iShares MSCI Korea UCITS ETF (Dist) (IQQK.DE) has a volatility of 17.23%. This indicates that H411.DE experiences smaller price fluctuations and is considered to be less risky than IQQK.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 | IQQK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.34% | 17.23% | -8.89% |
Volatility (6M)Calculated over the trailing 6-month period | 16.24% | 33.01% | -16.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.65% | 37.90% | -9.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.66% | 25.65% | -3.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.44% | 24.84% | -4.40% |
H411.DE vs. IQQK.DE - Expense Ratio Comparison
H411.DE has a 0.45% expense ratio, which is lower than IQQK.DE's 0.74% expense ratio.
Dividends
H411.DE vs. IQQK.DE - Dividend Comparison
H411.DE has not paid dividends to shareholders, while IQQK.DE's dividend yield for the trailing twelve months is around 0.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IQQK.DE iShares MSCI Korea UCITS ETF (Dist) | 0.36% | 0.75% | 1.17% | 1.07% | 1.29% | 1.11% | 0.69% | 1.12% | 0.89% | 0.69% | 0.56% | 0.39% |
Frequently Asked Questions
H411.DE and IQQK.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H411.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H411.DE is cheaper with a 0.45% expense ratio, compared with 0.74% for IQQK.DE.
H411.DE tracks MSCI AC Far East ex Japan, while IQQK.DE tracks MSCI Korea 20/35. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.45% for H411.DE and 0.74% for IQQK.DE.
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