H41E.DE vs. EHDL.DE
H41E.DE (HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc)) and EHDL.DE (Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF) are both Emerging Markets Equities funds - H41E.DE tracks the MSCI Emerging Markets Value SRI ESG Target Select while EHDL.DE tracks the FTSE Emerging High Dividend Low Volatility Index. Both are passively managed. Over the past 3 years, H41E.DE returned 27.53%/yr vs 13.52%/yr for EHDL.DE. A 0.66 correlation means they provide meaningful diversification when combined. H41E.DE charges 0.35%/yr vs 0.49%/yr for EHDL.DE.
Performance
H41E.DE vs. EHDL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H41E.DE achieves a 37.18% return, which is significantly higher than EHDL.DE's 12.21% return.
H41E.DE
- 1D
- 0.00%
- 1M
- -3.84%
- 6M
- 28.87%
- YTD
- 37.18%
- 1Y
- 58.60%
- 3Y*
- 27.53%
- 5Y*
- —
- 10Y*
- —
EHDL.DE
- 1D
- -0.20%
- 1M
- 1.47%
- 6M
- 8.34%
- YTD
- 12.21%
- 1Y
- 23.70%
- 3Y*
- 13.52%
- 5Y*
- 7.13%
- 10Y*
- 6.10%
H41E.DE vs. EHDL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
H41E.DE HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) | 37.18% | 22.02% | 17.74% | 11.43% | -2.13% |
EHDL.DE Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF | 12.21% | 12.82% | 8.32% | 6.17% | -2.21% |
Correlation
The correlation between H41E.DE and EHDL.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2022 | 0.66 |
The correlation between H41E.DE and EHDL.DE shifts across timeframes, from 0.53 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
H41E.DE vs. EHDL.DE — Risk / Return Rank
H41E.DE
EHDL.DE
H41E.DE vs. EHDL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) (H41E.DE) and Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF (EHDL.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.
| H41E.DE | EHDL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.37 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 6.01 | 4.48 | +1.52 |
| Martin ratioReturn relative to average drawdown | 17.37 | 11.80 | +5.57 |
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Drawdowns
H41E.DE vs. EHDL.DE - Drawdown Comparison
The maximum H41E.DE drawdown since its inception was -20.92%, smaller than the maximum EHDL.DE drawdown of -36.13%. Use the drawdown chart below to compare losses from any high point for H41E.DE and EHDL.DE.
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Drawdown Indicators
| H41E.DE | EHDL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.92% | -36.13% | +15.21% |
Max Drawdown (1Y)Largest decline over 1 year | -9.80% | -5.26% | -4.54% |
Max Drawdown (3Y)Largest decline over 3 years | -20.92% | -14.85% | -6.07% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.80% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.13% | — |
Current DrawdownCurrent decline from peak | -7.77% | -0.99% | -6.78% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -9.09% | +5.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 2.00% | +1.39% |
Volatility
H41E.DE vs. EHDL.DE - Volatility Comparison
HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) (H41E.DE) has a higher volatility of 9.20% compared to Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF (EHDL.DE) at 3.21%. This indicates that H41E.DE's price experiences larger fluctuations and is considered to be riskier than EHDL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H41E.DE | EHDL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.20% | 3.21% | +5.99% |
Volatility (6M)Calculated over the trailing 6-month period | 17.61% | 8.05% | +9.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.38% | 11.34% | +9.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.79% | 13.60% | +3.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.79% | 17.99% | -1.20% |
H41E.DE vs. EHDL.DE - Expense Ratio Comparison
H41E.DE has a 0.35% expense ratio, which is lower than EHDL.DE's 0.49% expense ratio.
Dividends
H41E.DE vs. EHDL.DE - Dividend Comparison
H41E.DE has not paid dividends to shareholders, while EHDL.DE's dividend yield for the trailing twelve months is around 4.74%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EHDL.DE Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF | 4.74% | 5.27% | 5.58% | 6.15% | 9.20% | 5.91% | 4.28% | 5.04% | 5.45% | 5.14% | 2.24% |
H41E.DE HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) | 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
H41E.DE and EHDL.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H41E.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H41E.DE is cheaper with a 0.35% expense ratio, compared with 0.49% for EHDL.DE.
H41E.DE tracks MSCI Emerging Markets Value SRI ESG Target Select, while EHDL.DE tracks FTSE Emerging High Dividend Low Volatility Index. They also come from different issuers: HSBC and Invesco. Their fees differ too: 0.35% for H41E.DE and 0.49% for EHDL.DE.
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