H41E.DE vs. UETE.DE
H41E.DE (HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc)) and UETE.DE (UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc) are both Emerging Markets Equities funds — H41E.DE tracks the MSCI Emerging Markets Value SRI ESG Target Select while UETE.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. Both are passively managed. Over the past 3 years, H41E.DE returned 18.60%/yr vs 15.20%/yr for UETE.DE. Their correlation of 0.89 suggests significant overlap in exposure. H41E.DE charges 0.35%/yr vs 0.24%/yr for UETE.DE.
Performance
H41E.DE vs. UETE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H41E.DE achieves a 8.52% return, which is significantly higher than UETE.DE's 4.29% return.
H41E.DE
- 1D
- 0.01%
- 1M
- -0.41%
- YTD
- 8.52%
- 6M
- 13.36%
- 1Y
- 51.43%
- 3Y*
- 18.60%
- 5Y*
- —
- 10Y*
- —
UETE.DE
- 1D
- -0.50%
- 1M
- -0.69%
- YTD
- 4.29%
- 6M
- 9.07%
- 1Y
- 46.63%
- 3Y*
- 15.20%
- 5Y*
- 5.33%
- 10Y*
- —
H41E.DE vs. UETE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
H41E.DE HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) | 8.52% | 22.02% | 17.74% | 11.43% | -2.00% |
UETE.DE UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc | 4.29% | 21.00% | 16.13% | 2.60% | -3.18% |
Correlation
The correlation between H41E.DE and UETE.DE is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they'll tend to fall together during downturns. For meaningful risk reduction, look for holdings with correlations below 0.5.
H41E.DE vs. UETE.DE - Expense Ratio Comparison
H41E.DE has a 0.35% expense ratio, which is higher than UETE.DE's 0.24% expense ratio.
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Return for Risk
H41E.DE vs. UETE.DE — Risk / Return Rank
H41E.DE
UETE.DE
H41E.DE vs. UETE.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 UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.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.
| H41E.DE | UETE.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.05 | 1.72 | +1.32 |
Sortino ratioReturn per unit of downside risk | 4.05 | 2.50 | +1.54 |
Omega ratioGain probability vs. loss probability | 1.55 | 1.43 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 4.82 | 2.63 | +2.20 |
Martin ratioReturn relative to average drawdown | 17.16 | 6.28 | +10.88 |
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
| H41E.DE | UETE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.05 | 1.72 | +1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.30 | +0.82 |
Drawdowns
H41E.DE vs. UETE.DE - Drawdown Comparison
The maximum H41E.DE drawdown since its inception was -20.92%, smaller than the maximum UETE.DE drawdown of -36.83%. Use the drawdown chart below to compare losses from any high point for H41E.DE and UETE.DE.
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Drawdown Indicators
| H41E.DE | UETE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.92% | -36.83% | +15.91% |
Max Drawdown (1Y)Largest decline over 1 year | -9.80% | -15.70% | +5.90% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.75% | — |
Current DrawdownCurrent decline from peak | -7.96% | -8.37% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -3.20% | -11.08% | +7.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 6.57% | -3.81% |
Volatility
H41E.DE vs. UETE.DE - Volatility Comparison
HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) (H41E.DE) and UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.DE) have volatilities of 6.62% and 6.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H41E.DE | UETE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.62% | 6.83% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 12.91% | 24.19% | -11.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.20% | 27.45% | -10.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.43% | 19.66% | -4.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.43% | 21.69% | -6.26% |
Dividends
H41E.DE vs. UETE.DE - Dividend Comparison
Neither H41E.DE nor UETE.DE has paid dividends to shareholders.