H41C.DE vs. EMWE.DE
H41C.DE (HSBC Developed World Sustainable Equity UCITS ETF USD) and EMWE.DE (BNP Paribas Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc) are both Global Equities funds - H41C.DE tracks the FTSE Developed ESG Low Carbon Select while EMWE.DE tracks the MSCI World SRI S-Series PAB 5% Capped. Both are passively managed. Over the past 5 years, H41C.DE returned 12.46%/yr vs 8.09%/yr for EMWE.DE. Their correlation of 0.88 suggests significant overlap in exposure. H41C.DE charges 0.18%/yr vs 0.25%/yr for EMWE.DE.
Performance
H41C.DE vs. EMWE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H41C.DE achieves a 15.35% return, which is significantly higher than EMWE.DE's 10.56% return.
H41C.DE
- 1D
- 0.00%
- 1M
- 2.16%
- YTD
- 15.35%
- 6M
- 16.03%
- 1Y
- 31.49%
- 3Y*
- 18.40%
- 5Y*
- 12.46%
- 10Y*
- —
EMWE.DE
- 1D
- 0.17%
- 1M
- 3.17%
- YTD
- 10.56%
- 6M
- 10.98%
- 1Y
- 16.72%
- 3Y*
- 11.12%
- 5Y*
- 8.09%
- 10Y*
- —
H41C.DE vs. EMWE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
H41C.DE HSBC Developed World Sustainable Equity UCITS ETF USD | 15.35% | 10.36% | 21.66% | 16.26% | -12.60% | 32.89% | 10.04% |
EMWE.DE BNP Paribas Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc | 10.56% | 0.19% | 15.43% | 14.91% | -16.13% | 38.30% | 10.97% |
Correlation
The correlation between H41C.DE and EMWE.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2020 | 0.88 |
The correlation between H41C.DE and EMWE.DE has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.
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Return for Risk
H41C.DE vs. EMWE.DE — Risk / Return Rank
H41C.DE
EMWE.DE
H41C.DE vs. EMWE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Developed World Sustainable Equity UCITS ETF USD (H41C.DE) and BNP Paribas Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (EMWE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| H41C.DE | EMWE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.25 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 5.36 | 1.99 | +3.37 |
| Martin ratioReturn relative to average drawdown | 22.15 | 7.20 | +14.96 |
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Drawdowns
H41C.DE vs. EMWE.DE - Drawdown Comparison
The maximum H41C.DE drawdown since its inception was -20.76%, smaller than the maximum EMWE.DE drawdown of -92.00%. Use the drawdown chart below to compare losses from any high point for H41C.DE and EMWE.DE.
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Drawdown Indicators
| H41C.DE | EMWE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.76% | -92.00% | +71.24% |
Max Drawdown (1Y)Largest decline over 1 year | -5.90% | -8.38% | +2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -20.76% | -20.01% | -0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -20.76% | -20.75% | -0.01% |
Current DrawdownCurrent decline from peak | 0.00% | -79.62% | +79.62% |
Average DrawdownAverage peak-to-trough decline | -3.77% | -78.17% | +74.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 2.32% | -0.90% |
Volatility
H41C.DE vs. EMWE.DE - Volatility Comparison
HSBC Developed World Sustainable Equity UCITS ETF USD (H41C.DE) has a higher volatility of 3.10% compared to BNP Paribas Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (EMWE.DE) at 2.76%. This indicates that H41C.DE's price experiences larger fluctuations and is considered to be riskier than EMWE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H41C.DE | EMWE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 2.76% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 8.08% | 8.78% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.84% | 11.91% | -1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.35% | 14.49% | -1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.31% | 34.22% | -20.91% |
H41C.DE vs. EMWE.DE - Expense Ratio Comparison
H41C.DE has a 0.18% expense ratio, which is lower than EMWE.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
H41C.DE vs. EMWE.DE - Dividend Comparison
Neither H41C.DE nor EMWE.DE has paid dividends to shareholders.
Frequently Asked Questions
H41C.DE and EMWE.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H41C.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H41C.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for EMWE.DE.
H41C.DE tracks FTSE Developed ESG Low Carbon Select, while EMWE.DE tracks MSCI World SRI S-Series PAB 5% Capped. They also come from different issuers: HSBC and BNP Paribas. Their fees differ too: 0.18% for H41C.DE and 0.25% for EMWE.DE.
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