H41C.DE vs. H410.DE
H41C.DE (HSBC Developed World Sustainable Equity UCITS ETF USD) and H410.DE (HSBC MSCI Emerging Markets UCITS ETF USD) are both exchange-traded funds - H41C.DE is a Global Equities fund tracking the FTSE Developed ESG Low Carbon Select, while H410.DE is a Asia Pacific Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 5 years, H41C.DE returned 12.71%/yr vs 8.17%/yr for H410.DE. A 0.61 correlation means they provide meaningful diversification when combined. H41C.DE charges 0.18%/yr vs 0.15%/yr for H410.DE.
Performance
H41C.DE vs. H410.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H41C.DE achieves a 14.28% return, which is significantly lower than H410.DE's 27.49% return.
H41C.DE
- 1D
- 0.27%
- 1M
- 7.53%
- YTD
- 14.28%
- 6M
- 16.44%
- 1Y
- 29.03%
- 3Y*
- 17.63%
- 5Y*
- 12.71%
- 10Y*
- —
H410.DE
- 1D
- -1.81%
- 1M
- 6.19%
- YTD
- 27.49%
- 6M
- 29.22%
- 1Y
- 50.05%
- 3Y*
- 20.39%
- 5Y*
- 8.17%
- 10Y*
- 9.77%
H41C.DE vs. H410.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
H41C.DE HSBC Developed World Sustainable Equity UCITS ETF USD | 14.28% | 10.36% | 21.66% | 16.26% | -12.60% | 32.89% | 10.42% |
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD | 27.49% | 18.61% | 13.89% | 4.66% | -13.80% | 3.98% | 13.52% |
Correlation
The correlation between H41C.DE and H410.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2020 | 0.61 |
The correlation between H41C.DE and H410.DE has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.
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Return for Risk
H41C.DE vs. H410.DE — Risk / Return Rank
H41C.DE
H410.DE
H41C.DE vs. H410.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 HSBC MSCI Emerging Markets UCITS ETF USD (H410.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.
| H41C.DE | H410.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.51 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.90 | 4.75 | +0.15 |
| Martin ratioReturn relative to average drawdown | 19.75 | 17.19 | +2.56 |
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
| H41C.DE | H410.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.74 | 2.82 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 0.49 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.41 | +0.72 |
Drawdowns
H41C.DE vs. H410.DE - Drawdown Comparison
The maximum H41C.DE drawdown since its inception was -20.76%, smaller than the maximum H410.DE drawdown of -36.25%. Use the drawdown chart below to compare losses from any high point for H41C.DE and H410.DE.
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Drawdown Indicators
| H41C.DE | H410.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.76% | -36.25% | +15.49% |
Max Drawdown (1Y)Largest decline over 1 year | -5.90% | -10.48% | +4.58% |
Max Drawdown (3Y)Largest decline over 3 years | -20.76% | -18.96% | -1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -20.76% | -23.76% | +3.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.68% | — |
Current DrawdownCurrent decline from peak | -0.14% | -2.80% | +2.66% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -10.25% | +6.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 2.90% | -1.43% |
Volatility
H41C.DE vs. H410.DE - Volatility Comparison
The current volatility for HSBC Developed World Sustainable Equity UCITS ETF USD (H41C.DE) is 3.01%, while HSBC MSCI Emerging Markets UCITS ETF USD (H410.DE) has a volatility of 7.30%. This indicates that H41C.DE experiences smaller price fluctuations and is considered to be less risky than H410.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 | H410.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 7.30% | -4.29% |
Volatility (6M)Calculated over the trailing 6-month period | 7.58% | 14.96% | -7.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.55% | 17.70% | -7.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.29% | 16.64% | -3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.35% | 18.17% | -4.82% |
H41C.DE vs. H410.DE - Expense Ratio Comparison
H41C.DE has a 0.18% expense ratio, which is higher than H410.DE's 0.15% expense ratio. However, 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. H410.DE - Dividend Comparison
H41C.DE has not paid dividends to shareholders, while H410.DE's dividend yield for the trailing twelve months is around 1.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD | 1.60% | 2.00% | 2.40% | 2.58% | 3.11% | 2.00% | 1.69% | 2.03% | 2.20% | 1.62% | 1.71% | 2.28% |
H41C.DE HSBC Developed World Sustainable Equity 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
H41C.DE and H410.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H410.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H410.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for H41C.DE.
H41C.DE is categorized as Global Equities, while H410.DE is Asia Pacific Equities. H41C.DE tracks FTSE Developed ESG Low Carbon Select, while H410.DE tracks MSCI Emerging Markets. Their fees differ too: 0.18% for H41C.DE and 0.15% for H410.DE.
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