H411.DE vs. IQQT.DE
H411.DE (HSBC MSCI AC Far East ex Japan UCITS ETF USD) and IQQT.DE (iShares MSCI Taiwan UCITS ETF) are both Asia Pacific Equities funds - H411.DE tracks the MSCI AC Far East ex Japan while IQQT.DE tracks the MSCI Taiwan 20/35. Both are passively managed. Over the past 10 years, H411.DE returned 11.02%/yr vs 21.81%/yr for IQQT.DE. A 0.78 correlation means they provide meaningful diversification when combined. H411.DE charges 0.45%/yr vs 0.74%/yr for IQQT.DE.
Performance
H411.DE vs. IQQT.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 IQQT.DE's 70.08% return. Over the past 10 years, H411.DE has underperformed IQQT.DE with an annualized return of 11.02%, while IQQT.DE has yielded a comparatively higher 21.81% 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%
IQQT.DE
- 1D
- -1.61%
- 1M
- 12.50%
- YTD
- 70.08%
- 6M
- 72.22%
- 1Y
- 110.41%
- 3Y*
- 40.38%
- 5Y*
- 22.82%
- 10Y*
- 21.81%
H411.DE vs. IQQT.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% |
IQQT.DE iShares MSCI Taiwan UCITS ETF | 70.08% | 17.20% | 30.72% | 24.49% | -25.21% | 38.46% | 22.44% | 39.61% | -5.81% | 12.48% |
Correlation
The correlation between H411.DE and IQQT.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2013 | 0.78 |
The correlation between H411.DE and IQQT.DE has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.
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Return for Risk
H411.DE vs. IQQT.DE — Risk / Return Rank
H411.DE
IQQT.DE
H411.DE vs. IQQT.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 Taiwan UCITS ETF (IQQT.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 | IQQT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.72 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 12.46 | -8.56 |
| Martin ratioReturn relative to average drawdown | 9.66 | 35.53 | -25.88 |
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 | IQQT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 4.62 | -2.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 1.03 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 1.04 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.48 | -0.01 |
Drawdowns
H411.DE vs. IQQT.DE - Drawdown Comparison
The maximum H411.DE drawdown since its inception was -38.70%, smaller than the maximum IQQT.DE drawdown of -57.60%. Use the drawdown chart below to compare losses from any high point for H411.DE and IQQT.DE.
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Drawdown Indicators
| H411.DE | IQQT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.70% | -57.60% | +18.90% |
Max Drawdown (1Y)Largest decline over 1 year | -17.51% | -8.93% | -8.58% |
Max Drawdown (3Y)Largest decline over 3 years | -23.17% | -31.65% | +8.48% |
Max Drawdown (5Y)Largest decline over 5 years | -34.49% | -32.51% | -1.98% |
Max Drawdown (10Y)Largest decline over 10 years | -38.70% | -32.51% | -6.19% |
Current DrawdownCurrent decline from peak | -3.25% | -1.61% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -13.29% | -12.71% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.07% | 3.14% | +3.93% |
Volatility
H411.DE vs. IQQT.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 Taiwan UCITS ETF (IQQT.DE) has a volatility of 10.13%. This indicates that H411.DE experiences smaller price fluctuations and is considered to be less risky than IQQT.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 | IQQT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.34% | 10.13% | -1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 16.24% | 19.53% | -3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.65% | 24.10% | +4.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.66% | 21.89% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.44% | 20.80% | -0.36% |
H411.DE vs. IQQT.DE - Expense Ratio Comparison
H411.DE has a 0.45% expense ratio, which is lower than IQQT.DE's 0.74% expense ratio.
Dividends
H411.DE vs. IQQT.DE - Dividend Comparison
H411.DE has not paid dividends to shareholders, while IQQT.DE's dividend yield for the trailing twelve months is around 0.89%.
| 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% |
IQQT.DE iShares MSCI Taiwan UCITS ETF | 0.89% | 1.51% | 1.36% | 2.17% | 3.61% | 1.31% | 1.80% | 2.17% | 2.76% | 2.74% | 2.91% | 3.26% |
Frequently Asked Questions
H411.DE and IQQT.DE have a correlation of 0.83, 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 IQQT.DE.
H411.DE tracks MSCI AC Far East ex Japan, while IQQT.DE tracks MSCI Taiwan 20/35. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.45% for H411.DE and 0.74% for IQQT.DE.
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